Patel Retail Limited has announced its financial results for the third quarter and nine months ended December 31, 2025, showcasing strong growth across key performance metrics. The integrated retail and manufacturing company, which operates 49 stores across the Mumbai Metropolitan Region Development Authority (MMRDA) area, reported significant improvements in revenue and profitability.

Q3FY26 Financial Performance

The company delivered impressive results for the third quarter, with total income rising 35.51% year-on-year to ₹311.12 crore compared to ₹229.59 crore in Q3FY25. Profit after tax demonstrated exceptional growth of 95.89%, increasing to ₹12.00 crore from ₹6.13 crore in the corresponding quarter of the previous year.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Patel Retail maintained its growth trajectory with total income increasing 19.05% to ₹719.75 crore from ₹604.57 crore in 9MFY25. The company's profit after tax grew 60.59% to ₹29.07 crore compared to ₹18.10 crore in the previous year.

Business Operations and Expansion

Patel Retail operates through a diversified business model spanning retail and manufacturing segments. The company runs 49 stores across 17 locations in the MMRDA region, covering 2,13,598 sq. ft. of retail space. The retail business serves customers through over 10,000 SKUs across 38 product categories, including food, FMCG, and general merchandise.

The company's manufacturing and processing division operates facilities in Maharashtra and Gujarat with a total installed capacity of 1,47,000+ MTPA. These facilities support both domestic distribution and exports to over 35 countries, contributing significantly to the company's revenue diversification.

Management Commentary

Chairman and Managing Director Mr. Dhanji Patel commented on the performance: "We are encouraged by the strong and consistent performance delivered during Q3 FY26 and the nine-month period, reflecting the effectiveness of our operating strategy and focus on execution. Improved profitability, margin expansion, and stable cash generation underscore the strength of our integrated retail and food processing model."

Private Label Growth and Digital Initiatives

The company's private label portfolio, including brands Patel Fresh, Indian Chaska, Blue Nation, and Patel Essentials, contributed approximately 17% of retail revenue. Patel Retail has set a target to increase this contribution to over 22% in the medium term to drive margin expansion.

The company's digital presence includes a mobile app with over 50,000 downloads, supporting its omnichannel strategy. The app facilitates online-to-offline shopping experiences and contributes to customer engagement and loyalty programs.

Source: Patel Retail Limited investor presentation for Q3FY26 and 9 months ended December 31, 2025

Patel Retail Limited has submitted its quarterly statement of deviation for the third quarter and nine months ended December 31, 2025, confirming no deviation in the utilisation of funds raised through public offerings. The statement was filed with BSE and NSE on February 2, 2026, in compliance with SEBI Regulation 32.

Fund Raising Details

The company raised funds through multiple modes, including its Initial Public Offering (IPO) and pre-IPO placement. The IPO was completed on August 22, 2025, while the pre-IPO placement was executed on November 27, 2024.

Fund Utilisation Status

The company has utilised Rs.184.69 crore out of the total Rs.205.48 crore raised, with no deviation from the original allocation plan. ICRA Limited serves as the monitoring agency for the fund utilisation.

Regulatory Compliance

The statement was filed pursuant to SEBI Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company confirmed that there were no comments from the audit committee or auditors regarding the fund utilisation.

Key Highlights

• No deviation reported in fund utilisation for Q3 FY26
• Complete utilisation of allocated funds for debt repayment and working capital
• Partial utilisation of general corporate purpose allocation
• Compliance with all regulatory requirements maintained
• ICRA Limited continues as monitoring agency

The company has made the statement available on its investor relations website at patelrpl.in/investor-relations/ for stakeholder access. Patel Retail Limited trades on BSE with scrip code 544487 and on NSE with symbol PATELRMART.