SS Retail delivered exceptional financial results for Q1FY27, with consolidated net profit surging 61% year-on-year to ₹23.8 crore compared with the previous year, according to the company's latest unaudited financial results. The mobile phone and electronics retailer reported revenue growth of 59% to ₹789.7 crore from ₹499.7 crore in the corresponding quarter last year. EBITDA increased 51% YoY to ₹45.4 crore from ₹30.2 crore, while EBITDA margin expanded by 31 basis points to 5.8%. The strong business momentum, improving operating efficiencies and scalable retail model drive the profitability growth, as reported by the company. Mobile phones accounted for 86% of revenue, followed by preowned devices at 7.5%, accessories & protection at 5%, and TVs & laptops at 1.5%, with rising ASPs and premiumisation driving growth in the pre-owned segment.
SS Retail shares zoomed 20% in intraday trade on Wednesday, with the stock making an intraday high of ₹830 after opening 3% higher at ₹712.60 on NSE, as reported by Business Standard. As of 11:10 AM, SS Retail shares were trading 14.3% higher at ₹791.15 with around 15 million shares changing hands and total traded value at approximately ₹1,127.49 crore. The shares have gained 11% over the past week and have climbed nearly 95% above its IPO price of ₹424. SS Retail had made a remarkable market debut on September 23, yielding a listing gain of over 80% to the investors against the issue price of ₹424. The company's IPO was oversubscribed 107.41 times, with the ₹500 crore issue comprising a fresh issue of ₹360 crore and an offer for sale of ₹140 crore.
SS Retail accelerated its retail network expansion by adding 33 stores during Q1FY27, reaching a total of 536 outlets across five states with a cumulative retail area of 2.8 lakh square feet, as reported by Business Standard. The company operates through multiple formats including SS Mobile, The Mobile Space and Mobile Exchange Wala across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat. Same-store sales growth stood at a record 34% in Q1FY27, reflecting strong underlying demand momentum and healthy organic growth across the existing store network. The expansion strategy includes a combination of company-owned stores (20% of revenue), Company-Owned, Franchise-Operated (COFO) model (72%), and Franchise-Owned, Franchise-Operated (FOFO) model (8%). The company plans to expand to 750 stores by FY28 and targets 2x revenue growth over the FY26 base.
Siddharth Shah, founder, chairman and managing director of SS Retail, commented on the results: "Our first results announcement since listing marks an exciting new chapter for SS Retail, with record-high revenue, EBITDA and PAT, growing 59%, 51% and 61% YoY, respectively. Building on this strong performance, we are targeting 750 stores by FY28 and 2x revenue growth over the FY26 base, backed by India's significant organised mobile retail opportunity." As reported by Business Standard, Shah added that "As we scale, improved store productivity and operating leverage are expected to drive incremental EBITDA margin expansion, translating into stronger PAT margins and profitable growth." The company has maintained inventory days at 47 despite acquisitions, business growth and expansion into new markets, demonstrating efficient working capital management. The ₹500 crore IPO proceeds will be used to fund 115 new stores and working capital requirements, supporting the next phase of network expansion and business growth.
SS Retail Limited board approved the Q1FY27 unaudited results on October 13, 2026, during a meeting held from 4:30 pm to 7:45 pm, as reported by the company. The board considered and approved the un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The submission included un-audited standalone and consolidated financial results, auditor's limited review report in respect of the said results, and compliance with SEBI Listing Regulations 30 and 33. The results were prepared in accordance with Indian Accounting Standard 34, "Interim Financial Reporting" (Ind AS 34)", prescribed under Section 133 of the Companies Act, 2013. Manek & Associates issued a review report under SRE 2410 standards for the unaudited financial results.
