Patel Retail Opens 54th Store In Kalyan (East), Expanding Mumbai Footprint
Mumbai: Patel Retail Limited on Monday announced the opening of its 54th retail store at Village Dvrali Malangad Road, Kalyan (East), Thane. The new store expands the company's retail footprint and strengthens its presence across the Mumbai Metropolitan Region (MMR). Expansion Strategy The company said the new store is located to enhance accessibility for customers in Kalyan and nearby areas.…
Patel Retail Limited has announced the opening of its 54th retail store in Kalyan (East), Thane, Mumbai. This new store reinforces the company's commitment to expanding its retail presence in the Mumbai Metropolitan Region (MMR). The strategic location of the new store aims to improve accessibility for customers in Kalyan and surrounding areas, aligning with Patel Retail's broader expansion strategy.
The company continues to offer a wide range of products including groceries, daily essentials, household items, and value-driven offerings to its customers. Patel Retail seeks to deliver a convenient shopping experience and solidify its reputation as a neighborhood retail hub.
Dhanji Patel, Chairman and Managing Director of Patel Retail, highlighted the expansion strategy, emphasizing the importance of bringing organized retail closer to customers in suburban and emerging urban markets. The company's 54th store in Kalyan (East) adds to its footprint across the MMR.
For the financial year 2026, Patel Retail's Total Income amounted to ₹1,059.29 crore, with an EBITDA of ₹83.08 crore and a Net Profit of ₹39.05 crore. In the first quarter of the current fiscal year 2027, the company reported a Total Income of ₹310.24 crore, an EBITDA of ₹19.68 crore, and a Net Profit of ₹9.52 crore.
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