Patel Retail Limited · NSE:PATELRMART
Patel Retail — Q2 FY27 Earnings Presentation
49 slides from Patel Retail's earnings presentation, Nov 6, 2026
Slide 1: Regulation 30 intimation to BSE and NSE
Ref: PRL/BSE&NSE/2026-2027/61. Friday, November 6, 2026 To, To, Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra Dalal Street, Fort, Kurla Complex, Bandra (East), Mumbai 400 00
Slide 2: Q2 FY27 Investor Presentation
Q2 FY27 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the Presentation), which have been prepared by Patel Retail Limited (PRL, Patel Retail, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, an
Slide 4: Patel Retail Limited, Value Retailing With A Growing Footprint
Patel Retail Limited, Value Retailing With A Growing Footprint Patel Retail Limited (PRL) is a fast-growing, value-driven retail and FMCG company operating through two business verticals, Retail and Manufacturing & Processing, supported by its Indian Chaska FMCG brand and exports. The company began
Slide 5: Key Facts & Figures
Key Facts & Figures 16+ 2 54 2,53,658 Sq. Ft. 17 Years Of Experience Business Verticals Retail Stores Retail Stores Area Locations In MMRDA 10,000+ ~38 58 Lakh+ 5+ 2+1 Processing Units & Agri- SKUs Product Categories Customer Bill Cuts (FY26) Private Label Brands Processing Cluster 3,000+ 3.50 Lakh+
Slide 6: PRL's Journey, From Inception To Listing
PRL’s Journey, From Inception To Listing 2026 2024 2025 Added 12 new stores, expanding retail network to 54 stores Achieved 39.7 lakh bill covering 2,53,658 sq. ft. as on 30th September 2026. Accelerated expansion with 9 Recorded 58 lakh bill cuts, with FY26 retail sales of ₹429 Cr cuts and retail s
Slide 7: Board Of Directors & Leadership Team
Board Of Directors & Leadership Team Board Of Directors Dhanji Patel Bechar Patel Hiren Patel Nitin Patil Yashwant Harshini Jadhav Chairman and Whole Time Director Non Executive Director Independent Director Bhojwani Independent Director Managing Director 25+ Years Of 10+ Years Of 15+ Years Of Indep
Slide 8: Diversified Business Model: Balanced Growth Engines
Diversified Business Model: Balanced Growth Engines Patel Retail operates through a well-integrated model spanning Retail and Manufacturing & Processing, ensuring both scale and margin stability. Business Category Retail Manufacturing & Processing Third Party Reputed Brands & Own Private Label Domes
Slide 9: Retail
Retail Dependable neighbourhood supermarkets for India's middle-income households 54 ₹226 Cr 3.50 Lakh+ Stores Across Thane, Raigad & Palghar H1 FY27 Retail Sales Customers
Slide 10: Industry Overview: India's Retail Growth Story
Industry Overview: India’s Retail Growth Story Retail sector accounts for ~10% of India’s GDP and is projected to grow at a Market Size (USD Billion) Projected Organised Retail CAGR of 7% (2024–2030) and 5% (2024–2033). Market Size Growth in India (USD Billion) 2,000 1,890 267 Food & Grocery contrib
Slide 11: Retail: Key Operating Metrics
Retail: Key Operating Metrics Retail Sales Number of Stores (₹ in lakhs) 54 42,911 50 36,887 42 28,972 33 26,656 30 22,572 FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 Retail Business Area (Sq. Ft.) Number of bill cuts (In lakhs) 58 3,00,000 2,53,658 2,50,000 2,25,598 52 40 2,00,000 1,74,
Slide 12: Retail Business: Diversified Categories Powering Consistent Footfalls
Retail Business: Diversified Categories Powering Consistent Footfalls Patel Retail’s stores cater to daily-use needs across food, FMCG and general merchandise, driving high footfalls, repeat purchases and stable retail growth. Food FMCG Non-Food General Merchandise & Apparel Staples & Grocery Home C
Slide 13: Targeting India's Expanding Middle-Income Consumer Base
Targeting India’s Expanding Middle-Income Consumer Base Patel Retail is the dependable neighbourhood supermarket for everyday essentials bridging affordability, accessibility, and trust for India’s growing middle-income households Lower-Middle Aspiring Upper- Bulk Buyers Working Homemakers and Middl
Slide 14: Cluster-Based Expansion Strategy
Cluster-Based Expansion Strategy Average Store Setup Cost Average Daily Footfall Per Average Store Size Average Payback Period ₹1,500/Sq. Ft Capex & Store 5,000 Sq. Ft 2 Years ₹2,000/Sq. Ft Inventory 600+ Strong Presence In MMRDA Region Store Location & Expansion Strategy • Stores are selected based
Slide 15: New Store Location Selection Process
New Store Location Selection Process Data-Driven, Disciplined, and Cluster-Focused Approach Catchment & Market Analysis Legal & Regulatory Compliance Property & Financial Feasibility • Evaluate population density, income • Verify commercial zoning, fire profile, and buying behaviour within safety, a
Slide 16: Efficient Hub-and-Spoke Model Powering Retail Operations
Efficient Hub-and-Spoke Model Powering Retail Operations Central Distribution Centre (DC) at Ambernath, Maharashtra, Catering To Stores Within A 60 Km Radius. Own Brands & Third-Party Brands sq. ft. additional covered space added, taking the DC to 84,000 sq. ft. Select Third Party Brands Vendor Stor
Slide 17: Ambernath DC Expansion & Retail Network Update
Ambernath DC Expansion & Retail Network Update Expansion Of Ambernath Distribution Centre And Two Finalised Store Locations Ambernath Distribution Centre Expansion Retail Network Expansion 20,000 sq. ft. 2 Proposed Locations additional covered area added Proposed entry into Nashik Further presence i
Slide 18: Glimpse Of PRL's Retail Stores
Glimpse Of PRL’s Retail Stores Click Here To View All The Stores Investor Presentation 17
Slide 19: Diversified Product Portfolio: From Kitchen To Home Care
Diversified Product Portfolio: From Kitchen To Home Care Some Other Apparel & Home Spices, Ghee, Papad pulses, instant mix, RTC Improving products Brands Click here To View More Products Private Label Sales Accounts For 17.6% of the Retail Revenue in Q2 FY27 Investor Presentation 18
Slide 20: Patel's R Mart App: Strengthening Omnichannel Retail Presence
Patel’s R Mart App: Strengthening Omnichannel Retail Presence 50,000+ ₹75 L+ Online Sales Patel’s R Mart Available on Downloads (H1 FY27) Patel Retail Limited enhances its customer reach through the Patel’s R Mart mobile application, providing a seamless online-to-offline (O2O) shopping experience.
Slide 21: Customer Engagement Plan
Customer Engagement Plan Patel Retail Limited retains customers, increases repeat purchases, and strengthens loyalty by offering structured value-based rewards and long-term engagement initiatives, while also continuously engaging its customers through a mix of in-store activations, promotional camp
Slide 22: Customer Engagement Through Promotions & Festive Experiences
Customer Engagement Through Promotions & Festive Experiences Patel Retail Limited continuously engages its customers through a mix of in-store activations, promotional campaigns and digital outreach. Investor Presentation 21
Slide 23: Social Media Presence: Strengthening Digital Engagement
Social Media Presence: Strengthening Digital Engagement Patel Retail Limited Maintains An Active And Engaging Presence Across Major Social Media Platforms To Enhance Brand Visibility, Build Consumer Trust, And Drive Footfalls To Stores. Shares store updates, festive campaigns, product launches, and
Slide 24: Manufacturing & Processing
Manufacturing & Processing Backward-integrated processing across Maharashtra & Gujarat 2+1 ₹376 Cr 1,50,000+ MTPA Processing Units & Agri-Processing H1 FY27 Revenue Contribution Total Installed Capacity Cluster
Slide 25: Industry Overview: Food Processing & Agri Exports
Industry Overview: Food Processing & Agri Exports Spices Market Size of Branded & Indian Bakery & Snacks Packaged Spices (In ₹ Cr) Market Size (In ₹ Cr) Branded & packaged segment forms 30–40% of India’s spice market; exports 225+ spice varieties to 180+ countries. Growth 50,000 24,257 driven by urb
Slide 26: Manufacturing & Processing: Key Metrics
Manufacturing & Processing: Key Metrics Manufacturing & Processing Revenue Q2 FY27 Manufacturing & Processing H1 FY27 Manufacturing & Processing (₹ in Cr) Sales(In %) Sales (In %) 619.22 531.72 444.34 48 376.29 47 53 52 Domestic Revenue (₹82.15 Cr) Export Revenue (₹89.34 Cr) Domestic Revenue (₹198.4
Slide 27: Integrated Manufacturing & Agri-Processing Facilities
Integrated Manufacturing & Agri-Processing Facilities Patel Retail Operates A Fully Integrated Processing Ecosystem Across Maharashtra & Gujarat, Supporting Retail, Private Label, And Export Operations. Facility 1 – Ambernath, Maharashtra Facility 2 – Kutch, Gujarat Facility 3 – Kutch, Gujarat Area
Slide 28: Glimpse Of Manufacturing Facilities
Glimpse Of Manufacturing Facilities Facility 1 – Ambernath, Maharashtra Facility 2 – Kutch, Gujarat Facility 3 – Kutch, Gujarat Investor Presentation 27
Slide 29: Indian Chaska
Indian Chaska Building a scalable, pan-India packaged spice brand 57+ ₹7 Cr+ 50,000+ SKUs Across Spices, Staples & Flours Sales (H1 FY27) Retailers Reached
Slide 30: Indian Chaska: Building a Scalable, Pan-India FMCG Brand
Indian Chaska: Building a Scalable, Pan-India FMCG Brand 57+ SKUs Across staples, spices, flours, and processed foods ₹ 7 Cr+ Brand Positioning Sales (H1 FY27) Value-led packaged foods brand focused on everyday Indian staples 08 States Pan-India distribution footprint 350+ Distributors Strong trade-
Slide 31: Indian Chaska: Rapid Scale-Up In Range & Reach
Indian Chaska: Rapid Scale-Up In Range & Reach SKU range and distributor network have more than doubled since FY26, with deeper last-mile retail penetration SKUs Distributors Retailers States +111% +141% +79% 350+ 50,000+ FY26 Q2 FY27 57+ 08 08 27,865+ 27+ 145+ Pan-India footprint FY26 Q2 FY27 FY26
Slide 32: Exports
Exports Taking Indian staples, spices and processed foods to global markets 35+ ₹177 Cr Four Star Countries Served H1 FY27 Export Revenue Export House Recognition
Slide 33: Exports: Expanding Global Reach With Trusted Brands
Exports: Expanding Global Reach With Trusted Brands Patel Retail Limited has built a strong global presence by exporting staples, pulses, spices, and processed foods under its brands Patel Fresh and Indian Chaska, as well as third-party labels. Its integrated facilities at Ambernath and Kutch ensure
Slide 34: Exports: Key Metrics
Exports: Key Metrics Export revenue contributed ~52% of Manufacturing & Processing revenue in Q2 FY27, with exports to 35+ countries Export Revenue Export Revenue Contribution, Q1 vs Q2 FY27 (In %) (₹ in Cr) UK 22% 403.28 31% Sri Lanka 34% 319.31 7% 272.27 8% Italy 26% 177.8 9% Canada 10% Others 28%
Slide 35: Strengths & USPs Of Patel Retail
Strengths & USPs Of Patel Retail Strong Value Retail Proposition Backward Integration Positioned as a dependable neighbourhood Own processing and agro facilities in Maharashtra & supermarket catering to the growing lower-middle, Gujarat, enabling better margins, quality control, and middle, and aspi
Slide 36: Future Path: Building Scale & Expanding Horizons
Future Path: Building Scale & Expanding Horizons Retail Expansion Beyond MMR Strengthening Private Labels & Brands Expand beyond Thane, Raigad & Palghar, into western suburbs Increase private label contribution from 17.50% in FY26 to over and new cities in Maharashtra. Explore entry into central & 2
Slide 37: Management's Comment On Q2 FY27 Financial Performance
Management’s Comment On Q2 FY27 Financial Performance “We are pleased with our Q2 and H1 FY27 performance, reflecting healthy business momentum. Q2 FY27 Total Income grew 33.5% YoY to ₹300.95 Cr and EBITDA increased 5.2% to ₹20.56 Cr. H1 FY27 Total Income rose 49.6% to ₹611.19 Cr, EBITDA grew 13.6%
Slide 38: Q2 FY27 Key Financial Highlights
Q2 FY27 Key Financial Highlights (All Amount In ₹ Cr & Margins In %) Total Income EBITDA EBITDA Margin PAT PAT Margin 350.00 25.00 15.00% 300.95 6.00% 8.67% 300.00 6.83% 14.00 4.50% 20.56 5.00% 3.29% 4.00% 20.00 19.55 12.00 250.00 -5.00% 225.43 2.00% 10.14 9.91 -15.00% 10.00 200.00 15.00 0.00% -25.0
Slide 39: H1 FY27 Key Financial Highlights
H1 FY27 Key Financial Highlights (All Amount In ₹ Cr & Margins In %) Total Income EBITDA EBITDA Margin PAT PAT Margin 700.00 60.00 611.19 15.00% 30.00 6.00% 8.67% 600.00 6.58% 4.18% 5.00% 3.18% 4.00% 50.00 25.00 500.00 -5.00% 40.24 2.00% 408.63 19.43 40.00 -15.00% 20.00 400.00 35.43 0.00% 17.06 -25.
Slide 40: Q2 & H1 Profit & Loss Highlights
Q2 & H1 Profit & Loss Highlights Particulars Q2 FY26 Q2 FY27 YoY H1 FY26 H1 FY27 YoY Revenues 222.44 298.60 404.90 608.14 Other Income 2.99 2.35 3.73 3.05 Total Income 225.43 300.95 33.5% 408.63 611.19 49.6% Raw Material Expenses 178.58 248.31 322.02 507.51 Employee Costs 9.19 12.67 17.50 23.47 Othe
Slide 41: H1 FY27 Balance Sheet & Cash Flow Highlights
H1 FY27 Balance Sheet & Cash Flow Highlights (In ₹ Cr) Equities & Liabilities FY26 H1 FY27 Assets FY26 H1 FY27 Cash Flow FY26 H1 FY27 Equity 33.40 33.40 Non-Current Assets Operating Activities Reserves And Surplus 330.49 349.79 Fixed assets 109.03 113.27 Profit Before Tax 52.42 26.03 Total Equity 36
Slide 42: FY26 Financial Highlights
FY26 Financial Highlights Year On Year Fixed Asset Interest Return on EBITDA Growth Turnover Coverage Equity 33.07% 15.71 Times 5.26 Times 10.73% Year On Year Return On Capital Debt to Book Profit Growth Employed Equity Value 54.48% 12.53% 0.34 Times ₹ 109 Investor Presentation 41
Slide 43: Key Financial Highlights
Key Financial Highlights (All Amount In ₹ Cr & Margins In %) Total Income EBITDA EBITDA Margin PAT PAT Margin 10.00% 60.00 1059.29 7.84% 3.69% 100.00 6.83% 7.56% 8.00% 4.00% 3.06% 2.76% 83.08 6.00% 50.00 825.99 2.00% 817.71 80.00 39.05 4.00% 40.00 62.43 0.00% 55.84 2.00% 60.00 30.00 25.28 0.00% -2.0
Slide 44: Profit & Loss Statement & Cashflow Highlights
Profit & Loss Statement & Cashflow Highlights (In ₹ Cr) Particulars FY24 FY25 FY26 Cashflow Highlights (₹ in Cr) Revenues 814.19 820.69 1,048.33 Other Income 3.52 5.30 10.97 111.23 Total Income 817.71 825.99 1,059.29 Raw Material Expenses 658.90 661.31 871.39 Employee Costs 27.18 31.71 38.00 Other E
Slide 45: Balance Sheet
Balance Sheet (In ₹ Cr) Equities & Liabilities FY24 FY25 FY26 Assets FY24 FY25 FY26 Equity 24.38 24.88 33.40 Non-Current Assets Reserves And Surplus 70.02 109.69 330.49 Fixed assets 64.71 64.96 109.03 Total Equity 94.40 134.57 363.89 Non Current Investments 0.00 0.00 0.00 Non-Current Liabilities Oth
Slide 46: Key Ratios
Key Ratios (In Times) (In ₹) Current Ratio Book Value 2.25 108.95 2.50 2.00 1.50 1.31 1.16 54.08 1.00 38.71 0.50 0.00 FY24 FY25 FY26 FY24 FY25 FY26 (In Times) (In ₹) (In Times) Earnings Per Share Receivable Turnover Ratio Debt to Equity Interest coverage ratio 8.43 5.26 13.03 6.58 6.47 10.30 9.24 3.
Slide 47: Stock Data
Stock Data As On 29-10-2026 As On 29-10-2026 NSE (PATELRMART | INE0R8B01010) BSE (544487) Share Holding Pattern Share Price (₹) 239.93 30.00% Market Capitalization (₹ Cr) 801.36 Promoter & Promoter Group No. of Shares Outstanding 3,34,00,528 Public Face Value (₹) 10.00 52-week High-Low (₹) 266.00 –
Slide 48: Investment Rationale
Investment Rationale Proven Track Record of Strong Presence with Diversified & Integrated Growing Private Labels Growth Expansion Potential Business Model Expanded to 54 stores till date, Leadership in MMR suburban Balanced revenue mix: Retail Portfolio of Patel Fresh, Indian with no store closures
Slide 49: Thank You
Thank You Patel Retail Limited Plot No. M-2, Udyog Bhavan No.5, Anand Nagar M.I.D.C Ambernath, Thane, Mumbai, Maharashtra, Bharat – 421506 Phone: 0251 2620199 Website: https://patelrpl.in/ Email: [email protected] Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagle Estate, Thane West – 40