SS Retail Limited Q2 Revenue Rises 87% to ₹940.3 Crore

SS Retail Limited reported Q2 FY27 consolidated revenue of ₹940.30 crore, up 86.8% year on year. Net profit for the quarter ended September 30, 2026 rose 160.0% to ₹28.01 crore, while the company added 38 stores and completed its ₹360.00 crore fresh-issue initial public offering during the quarter.

What did SS Retail report in Q2 FY27?

SS Retail reported consolidated revenue from operations of ₹940.30 crore in Q2 FY27, compared with ₹503.36 crore in Q2 FY26 and ₹789.05 crore in Q1 FY27. The year-on-year increase was 86.8%, while sequential revenue growth was 19.2%.

Profit before tax rose to ₹36.35 crore from ₹15.19 crore a year earlier. Profit for the period increased to ₹28.01 crore from ₹10.77 crore, taking the reported net profit margin to about 3.0%, compared with about 2.1% in the corresponding quarter of the previous year. Basic earnings per share was ₹4.16, against ₹1.78 in Q2 FY26.

The board approved the unaudited standalone and consolidated financial results on November 13, 2026. The results are subject to the statutory auditors' limited review. The company also noted that the previous-year comparatives had not been audited or limited-reviewed.

How did SS Retail's operating performance change?

SS Retail's Q2 performance reflected higher sales across its mobile phone and electronics retail operations, alongside expansion of its store network. The company reported same-store sales growth of 38% for the quarter and added 38 stores, taking its network to 574 stores.

Consolidated EBITDA was ₹52.40 crore, with an EBITDA margin of 5.6%. The margin was 35 basis points higher than the year-earlier quarter, while it was broadly comparable with the 5.6% margin reported for the first half of FY27. EBIT-based operating margin was stated at about 4.6%, compared with 4.7% in Q1 FY27 and 3.7% in Q2 FY26.

The company attributed its reported performance to retail expansion and demand for premium products. Its stated strategy includes extending its operating model across geographies and increasing its presence in Tier 2 and other markets beyond large cities.

What were SS Retail's first-half FY27 financial results?

SS Retail reported H1 FY27 consolidated revenue of ₹1,729.30 crore and net profit of ₹51.70 crore. The company said first-half revenue rose 73% year on year, while profit after tax increased 102%.

First-half EBITDA was ₹97.30 crore and the EBITDA margin was 5.6%. Gross margin was 12.7%, with the company reporting an expansion of 61 basis points year on year. These figures show that the growth reported in the second quarter was part of a stronger first-half sales and profitability performance.

The standalone business also reported revenue of ₹897.14 crore and net profit of ₹27.56 crore for Q2 FY27. Consolidated figures remain the broader measure because they include the financial performance of the group.

Why does the IPO matter for SS Retail's quarterly comparison?

SS Retail completed its initial public offering during Q2 FY27, raising ₹360.00 crore through a fresh issue, and listed on September 23, 2026. The Q2 FY27 results were therefore the company's first reported quarterly results after listing.

The new share issue affects per-share comparisons. While basic EPS rose to ₹4.16 from ₹1.78, the company and reported summaries noted that EPS is not strictly comparable because the IPO increased the share base. Revenue, profit, margin and operating data provide a more direct view of the underlying quarter-on-quarter and year-on-year business performance.

The results also showed operating cash flow remaining negative amid a heavy inventory build-up. For a consumer electronics retailer, inventory levels can be material because product availability, store additions and sales periods can require investment in working capital. The disclosed result does not provide a separate inventory amount in the available information.

When is SS Retail's Q2 FY27 earnings call?

SS Retail will hold its Q2 and H1 FY27 earnings conference call on November 16, 2026, at 10:00 AM IST. Go India Advisors will host the call, which will cover the unaudited results for the quarter and half year ended September 30, 2026.

Chairman and Managing Director Siddharth Shah and Whole Time Director and Chief Financial Officer Sagar Patil will represent the company. SS Retail said its analyst and institutional investor presentation would be submitted to stock exchanges and uploaded to its website before the call.

The call gives investors an opportunity to seek further details on the drivers of the 86.8% revenue growth, same-store sales growth, store additions, margins and the working-capital position. The company has not disclosed those additional operating details in the results summary provided.

Conclusion

SS Retail's Q2 FY27 results showed strong growth in consolidated revenue, profit before tax and net profit, supported by a 38% same-store sales increase and 38 new stores. Revenue reached ₹940.30 crore and net profit reached ₹28.01 crore, while the company maintained a 5.6% EBITDA margin.

The next disclosed event is the November 16, 2026 earnings call at 10:00 AM IST. Investors will watch for management's comments on retail expansion, premium-product demand, inventory build-up, cash flow and the use of proceeds from the ₹360.00 crore fresh-issue IPO.