Patel Retail Limited , a diversified retail and food processing company, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, showcasing robust growth across key financial metrics.

Financial Highlights

The company reported impressive year-on-year growth for Q2 FY26:

Operational Highlights

• Secured new export orders worth ₹22 crore, increasing the total export order book to ₹50 crore.
• Opened the 46th store – Patel's R Mart, in Yogi Dham, Kalyan, marking the 7th outlet in the city.
• Strengthened presence in one of Mumbai Metropolitan Region's fastest-growing suburban markets.

Management Commentary

Mr. Dhanji Patel, Chairman & Managing Director of Patel Retail Limited, commented on the performance: "The second quarter marked another strong performance for Patel Retail, reflecting steady growth across our retail and non-retail businesses. Our cluster-based expansion, efficient operations, and growing private-label portfolio continued to strengthen profitability and customer engagement."

He added, "With a stronger balance sheet post-listing and a clear growth roadmap, we remain focused on expanding our store network, enhancing capacity utilization at our processing units, and driving long-term, sustainable value for all stakeholders."

Recent Developments

The company completed its initial public offering (IPO) during the period ended September 30, 2025. The IPO comprised:

• A fresh issue of 85,18,000 equity shares, raising ₹217.11 crore
• An offer for sale of 10,02,000 equity shares by selling shareholders, amounting to ₹25.55 crore

The equity shares of Patel Retail Limited were listed on BSE Limited (BSE) and National Stock Exchange of India (NSE) on August 26, 2025.

Utilization of IPO Proceeds

As of September 30, 2025, the company has utilized the IPO proceeds as follows:

• ₹59 crore for repayment/prepayment of certain borrowings
• ₹68.74 crore for funding working capital requirements
• ₹26.36 crore for issue-related expenses

The remaining unutilized amount of ₹63 crore is temporarily invested in fixed deposits and bank accounts.

Appointment of Internal Auditor

The Board of Directors has approved the appointment of CA Bhavisha Manish Motwani as the Internal Auditor of the Company for a period of 5 consecutive years, effective from November 14, 2025.

Patel Retail Limited continues to demonstrate strong financial performance and strategic expansion, positioning itself for sustained growth in the competitive retail and food processing sectors.

Patel Retail Limited , a growing player in the Indian retail sector, has announced the opening of its newest store, further expanding its presence in Maharashtra. The company's latest outlet, named PATEL'S R MART, marks a significant milestone as it brings the total store count to 47.

Store Details

Strategic Expansion

The opening of PATEL'S R MART in Kudus village represents Patel Retail Limited's continued efforts to strengthen its market presence and cater to a wider customer base. By choosing a location next to the State Bank on Bhiwandi Wada Road, the company appears to be targeting areas with high foot traffic and established commercial activity.

This expansion strategy aligns with the broader trend in the Indian retail sector, where companies are increasingly focusing on tier-2 and tier-3 cities to drive growth. The new store in Palghar district, which is part of the Mumbai Metropolitan Region, could potentially tap into the growing consumer market in these developing areas.

As Patel Retail Limited reaches the milestone of 47 stores, it demonstrates the company's commitment to growth and its confidence in the Indian retail market's potential. This expansion may also indicate the company's ability to navigate the challenges faced by the retail sector, particularly in the wake of recent global economic uncertainties.

Investors and market watchers may want to keep an eye on Patel Retail Limited's performance in the coming quarters to assess the impact of this expansion on the company's overall financial health and market position.