SS Retail's Expansion Drive Pays Off In Q2, Revenue Jumps 87% To ₹940 Crore As Store Count Hits 574 And EBITDA Nearly Doubles

In the second quarter of FY27, mobile phone retailer SS Retail experienced a remarkable 87% increase in consolidated revenue, reaching ₹940.3 crore. This growth was fueled by strong same-store sales and the successful expansion of its retail network. The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) surged 99% year-on-year to ₹52.4 crore, marking a 35 basis point improvement in EBITDA margin, now at 5.6%. Net profit for the quarter amounted to ₹28 crore.

Looking ahead to the first half of FY27, SS Retail's cumulative revenue totaled ₹1,729.3 crore, with a net profit of ₹51.7 crore for the April-September period. These figures underscore the company's expanding retail operations and positive financial performance thus far in the fiscal year. SS Retail added 38 stores during the September quarter, bringing its total to 574 outlets across five states.

The company now operates approximately 2.8 lakh square feet of retail space. Same-store sales growth accelerated to 38% during Q2 FY27, indicating heightened sales from existing stores combined with growth driven by new store openings.

Managing Director Siddharth Shah announced plans to expand the company's retail network to 750 stores by FY28, requiring the addition of 176 stores from the current September-end network. The company also aims to double revenue over the next two years compared to FY26 levels. SS Retail's expansion strategy underscores its commitment to strengthening its position in the mobile retail market.

Investors will closely monitor store additions, same-store sales growth, and operating margins as the company strives to achieve its FY28 targets.