Patel Retail earnings calls.

Patel Retail delivered strong top-line growth with total income of ₹339.55 croreCurrent reported value: ₹339.55 crore. No comparable prior figure is available in the source record. in Q4 FY26 (up 53.35Current reported value: 53.35. No comparable prior figure is available in the source record.% YoY), crossing the ₹1,000 crore annual milestoneCurrent reported value: ₹1,000 crore annual milestone. No comparable prior figure is available in the source record. for FY26 at ₹1,059.29 crore. However, EBITDA margin compressed to 6.70% from an estimated 8%+ in prior quarters, attributed to upfront costs of 9 new store openings in FY26 and inventory buildup for export orders. PAT grew 39.07% YoY to ₹9.98 croreCurrent reported value: PAT grew 39.07% YoY to ₹9.98 crore. No comparable prior figure is available in the source record., though the quarter included ₹5 crore in exchange gains that flattered results. Same-store sales growth decelerated to ~5% versus historical 8-10Current reported value: 10. No comparable prior figure is available in the source record.%, with management acknowledging retail as an "undemarkable" business. Gross margins dropped sharply to 14.5% from ~20% YoY, prompting analyst scrutiny. The integrated model—retail (35-38% of profitability) and manufacturing/processing (60% of revenue, 59% from B2B/exports)—shows capacity utilization at 50-55% with room for margin expansion. Working capital deployment of ₹115 crore from IPO proceedsCurrent reported value: ₹115 crore from IPO proceeds. No comparable prior figure is available in the source record. and inventory buildup of ₹259-260 crore (₹90 crore retail, rest manufacturing) are expected to normalize by H1 FY27, improving operating cash flows.