SS Retail Net Profit Surges 59% to ₹23.7 Crore in Q1 Following Post-IPO Listing

Key numbers

Market Cap	₹5,139 CrRetailing
Industry PE TTM	43.69Sector PE: 64.51
Promoter Holding	64.86%No pledged shares
1-Year Change	62.97%Price Performance

Key highlights

• Net profit for Q1 FY27 reached ₹23.7 crore, marking a 59.1% growth over the same quarter last year
• Revenue from operations rose to ₹789 crore, outperforming the sector's average quarterly growth rate
• Operating margin improved to 4.0% in Q1 FY27, up from 3.3% in the preceding quarter
• Successfully completed a ₹500 crore Initial Public Offering with listing on September 23, 2026
• Basic earnings per share (EPS) for the quarter stood at ₹3.58, compared to ₹2.29 in Q1 FY26

Consolidated Financial Performance and Margin Growth

SS Retail recorded a consolidated revenue from operations of ₹789 crore for the quarter ended June 30, 2026, representing a 58.4% increase compared to ₹498 crore in the corresponding quarter of the previous year. Net profit followed a similar trajectory, rising 59.1% year-on-year to ₹23.7 crore. On a sequential basis, performance showed significant momentum as revenue climbed 18.6% from ₹665 crore in the fourth quarter of fiscal 2026, while profit after tax grew by 39.4%.

The operating margin for the quarter stood at 4.0%, reflecting a steady improvement from the 3.3% recorded in the immediate preceding quarter, though it remains slightly below the 4.2% seen a year earlier.

Post-IPO Milestone and Capital Deployment

While these financial results cover the period ending June 30, 2026, the company achieved a major corporate milestone subsequently by completing its Initial Public Offering in September 2026. The issue consisted of a fresh equity sale worth ₹360 crore and an offer for sale by existing shareholders totaling ₹140 crore, with shares priced at ₹424 each. SS Retail officially listed on the National Stock Exchange and BSE Limited on September 23, 2026.

According to the regulatory filing, the company has already initiated the process of utilizing these funds in accordance with the objects stated in its prospectus, including depositing a portion of the net proceeds with scheduled commercial banks.

Network Expansion and Store Guidance

• Management plans to open 120+ new stores annually across FY27 and FY28 to expand its retail reach
• Projected working capital requirement for FY27 is estimated at ₹534.75 crore
• A sum of ₹241.35 crore from IPO proceeds is earmarked specifically for incremental working capital needs
• Fit-out costs for new store locations have a dedicated allocation of ₹12.45 crore from the fresh issue
• The company continues to operate as a single primary segment focusing on multi-brand retail of electronics
• SS Retail is currently monitoring the implementation of new national labour codes for potential financial impact

Business Description

The Company is engaged in the business of multi – brand retail chain for mobile phones, accessories and other electronic items.

What to watch next

• Expiry of the 30-day lock-in period for 50% of anchor shares on October 20, 2026
• Execution of the planned 120+ store openings during the remainder of FY27
• Deployment of ₹241.35 crore in IPO proceeds for working capital requirements

SS Retail · financial snapshot

Share price	₹691
Market capitalisation	₹5,139.09 Cr
Revenue (annual)	₹2,351.03 Cr
Net profit (annual)	₹59.83 Cr
Promoter holding	64.86%
FII holding	0.75%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.