Patel Retail Limited — Investor Meet, 11-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Patel Retail Limited held a Q4 FY'26 earnings conference call to discuss financial performance and outlook. Management provided insights into the company's growth trajectory, expansion plans, and operational strategies.

**Financial Performance:** For Q4 FY'26, total income grew 53.35% YoY to ₹339.55 crore, with EBITDA at ₹22.74 crore and PAT at ₹9.98 crore. For the full year FY'26, revenue crossed ₹1,000 crore, growing 28.25% YoY to ₹1,059.29 crore, with EBITDA at ₹83.08 crore and PAT at ₹39.05 crore.

**Management Commentary & Outlook:** The company plans to expand its retail footprint into western MMR suburbs and Pune, alongside increasing capacity utilization at its processing units and investing in automation. Growth in private labels, digital engagement, and exports are key priorities for margin improvement and brand equity. Management expressed confidence in sustainable and profitable growth.

**Operational Updates:** Patel Retail opened its 50th store in Thakurli in Q4 FY'26 and its 51st store in Rasayani, expanding its retail network to over 2.29 lakh sq ft. The company also received DGFT authorization for wheat flour exports. Capacity utilization for manufacturing and processing units is at 50-55%.

**Analyst Q&A Highlights:** Discussions covered capacity utilization, export geographies, raw material price volatility management, private label expansion, wheat flour export potential, same-store sales growth (currently at 5%), future store expansion plans (8-10 stores annually), and the impact of IPO funds on working capital. Management clarified that increased inventory is primarily due to growing non-retail business and the need to maintain stock for year-round supply and quality consistency, especially for products with annual harvesting cycles.

**Investor Angle:** The company is focused on strengthening its integrated business model, expanding its retail presence, and improving margins through strategic initiatives. Management tone appears confident regarding future growth prospects.