Patel Retail Limited reports a 69.7% rise in quarterly revenue and a significant profit boost, as the Mumbai-based supermarket chain plans to expand its store network and diversify products in FY27.
Patel Retail Limited began FY27 with a sharp rise in revenue and higher profit, according to unaudited standalone results approved by its board on 12 August. The Mumbai-based retailer said revenue from operations climbed 69.7% year on year to Rs 309.54 crore in the quarter ended 30 June 2026, up from Rs 182.45 crore a year earlier, while profit after tax increased 37.57% to Rs 9.52 crore.
Operating performance also improved, with earnings before interest, tax, depreciation and amortisation, or EBITDA, rising 23.9% to Rs 19.67 crore. Profit before tax advanced 38.3% to Rs 12.82 crore and earnings per share stood at Rs 2.85, the company said. Patel Retail runs the Patel’s R Mart supermarket chain across the Mumbai Metropolitan Region, selling groceries, daily essentials and other consumer goods.
The latest quarter extends a broader period of expansion for the business. StockAnalysis data shows Patel Retail’s revenue grew 27.74% in the financial year ended 31 March 2026 to Rs 10.48 billion, while quarterly revenue for the period ended 31 March 2026 rose 52.12% to Rs 3.34 billion. That suggests the company was already on a growth path before the latest results.
Alongside the earnings release, the board approved notice for the company’s 19th annual general meeting, scheduled for 23 September 2026 by video conference or other audio-visual means. The book closure will run from 16 September to 23 September, and Deep Shukla & Associates has been appointed as scrutiniser for remote voting and voting during the meeting.
Patel Retail said it intends to keep enlarging its store network and strengthening its operations through FY27. An analysis by Arthneeti said the company is targeting 8 to 10 new stores this year, with a focus on the western suburbs and Pune and a possible entry into Gujarat. It also pointed to a push into private-label and value-added products, which can help support margins as the company scales.
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