Patel Retail Ltd

Earnings call recording

• Audio recording of Q1 FY27 Earnings Conference Call published on the company website.

Overview

• Investor Presentation for Q1 FY27 (quarter ended 30 June 2026) released.

Financial Highlights

• Total income ₹310.24 Cr, up 69.35% YoY.
• EBITDA ₹19.68 Cr; EBITDA margin 6.34%.
• PAT ₹9.52 Cr; YoY growth 37.43%.

Network & Growth

• Retail network expanded to 53 stores as of Aug 2026.
• Two new stores opened in Rasayani and Bhiwandi in Q1 FY27.

Private Label & Exports

• Private label share of retail revenue: 17.5%; target 22%.
• Exports contribute ~34% of Manufacturing & Processing revenue; present in 35+ countries.

IPO & Digital

• IPO proceeds earmarked for debt reduction and working capital.
• Patel R Mart app: 50k+ downloads; ₹50 L online sales.

Earnings Call Details

• Intimates Q1 FY27 earnings conference call to discuss results for quarter ended June 30, 2026.
• Scheduled for Aug 24, 2026 at 12:00 PM IST.
• Dial-in details provided; earnings call invite enclosed; updates available on patelrpl.in/investor-relations.
• No financial figures disclosed in this intimation.
• Speakers from management will participate in the call.

Financial highlights

• Total income ₹310.24 Cr in Q1 FY27, up 69.35% YoY.
• EBITDA ₹19.68 Cr, up 23.92% YoY.
• PAT ₹9.52 Cr, up 37.43% YoY.
• EPS ₹2.85, up 2.52% YoY.

Operational developments

• Launched 51st Rasayani store; 52nd Bapgaon store; total stores reach 53.
• Private-label Patel Essential expanding across categories.
• Focus on capacity utilization and automation across processing facilities.
• Expanding Patel Fresh and Indian Chaska; widening Indian Chaska distribution.
• Exploring export opportunities; improving working capital efficiency and debt reduction.

Outlook

• Management remains positive about opportunities; aims to expand retail footprint and sustainable growth.

Board actions & AGM milestones

• Approved unaudited standalone results for quarter ended June 30, 2026.
• Approved Board's Report for the financial year ended March 31, 2026.
• Notice of 19th AGM on Sept 23, 2026 via VC/OAVM.
• Appointed Scrutinizer for AGM e-voting: Deep Shukla & Associates.
• Book closure from Sept 16 to Sept 23, 2026.

Financial highlights & accounting changes

• Revenue from operations ₹30,953.51 lakhs; total income ₹31,023.51 lakhs.
• Profit before tax ₹1,281.91 lakhs; net profit ₹951.60 lakhs; EPS ₹2.85.
• Depreciation method changed from WDV to Straight-Line; Q2 PBT up ₹170.94 lakhs.
• ROU assets under Ind AS 116; depreciation ₹304.08 lakhs, finance cost ₹67.77 lakhs, rent reversal ₹320.25 lakhs.

IPO fund utilisation status

• No deviation in IPO fund use; balance in escrow ₹1,391.55 lakhs; OFS payable ₹96.79 lakhs.

Monitoring finding

• No material deviation from the issue objects observed for Q1 FY2027.
• MA report is for information and does not comment on quality of objects.

Proceeds & revisions

• Net IPO proceeds: INR 190.4787 crore; utilized INR 189.2101 crore; higher expenses of INR 1.2686 crore.
• Total monitored proceeds (pre-IPO + IPO): INR 232.107 crore.
• Revised GCP: INR 21.2099 crore from INR 22.4785 crore.
• 8788 crore reclassified as Offer Related Expenses in Q4 FY2026.

Utilization & deployment

• End-Q1 FY2027 unutilized IPO proceeds: INR 12.9475 crore.
• Yes Bank FD investment: INR 12.00 crore.
• Other cash balances: INR 0.4758 crore and INR 1.4762 crore.
• Total invested under IPO proceeds: INR 13.9520 crore; market value INR 14.1216 crore; earnings INR 0.1696 crore.

Fund-raising and deviation status

• Purpose: Statement of Deviation for the quarter.
• Mode of fund raising: Public issues / QR / others.
• Funds raised: aggregate net proceeds disclosed.
• Deviation status: No deviation reported.
• Monitoring agency: applicable.
• Status of fund utilisation: No deviation; utilisation as per plan.

Key board actions

• Unaudited standalone quarterly results for quarter ended June 30, 2026 approved.
• Limited Review Report by Kanu Doshi Associates LLP issued.
• Board approved the Board's Report for the year ended March 31, 2026.
• Notice of 19th AGM approved for Sept 23, 2026 at 12:00 PM via VC/OAVM.
• Scrutinizer for remote and AGM e-voting appointed: Deep Shukla & Associates.
• Book closure from Sep 16 to Sep 23, 2026 for AGM.

Store opening

• 53rd Patel’s R Mart store opens at Karanja Road, Uran, Raigad.
• Site chosen to improve customer access in Uran and nearby areas in the MMR.
• Expansion supports Patel Retail’s suburban and emerging urban market strategy.
• IPO completed in August 2025; shares listed on BSE and NSE on Aug 26, 2025.