Patel Retail Opens 54th Store; Shares Fall 1.43%

Mumbai, September 28: Patel Retail has opened its 54th retail store in Kalyan East, extending the company’s presence across the Mumbai Metropolitan Region and adding another location to its growing neighbourhood retail network.

The new outlet is located at Village Dvrai Malang Road in Kalyan East, Thane, according to the company’s exchange disclosure.

Patel Retail Expands Store Network With Kalyan Outlet

The newly opened store is aimed at serving customers in Kalyan and nearby areas, with the company continuing to expand its organised retail presence in suburban and emerging urban markets.

The outlet offers groceries, daily essentials, household products and other value-driven products. Patel Retail said the expansion is part of its broader strategy to bring organised retail closer to customers while building its presence across high-growth locations.

The Kalyan opening takes the company’s retail network to 54 stores, further extending its footprint across the Mumbai Metropolitan Region.

Stock Market Snapshot

The Patel Retail share price stood at ₹203.32 as of 12:02:41 PM IST on September 28, 2026, down ₹2.96 or 1.43% from the reference level shown on the trading chart.

The stock remained close to the ₹200-₹205 range through the morning session before trading at ₹203.32 at the latest timestamp visible on the chart.

The share price movement came as the company disclosed the opening of its latest retail outlet in Kalyan East.

Retail Expansion Remains A Key Focus

Patel Retail has been building its store network across the Mumbai Metropolitan Region, with a focus on suburban and emerging urban markets. The company combines modern retail formats with backward integration in agri-processing, which it says supports quality, cost efficiency and supply reliability.

Its product portfolio includes in-house brands such as Indian Chaska for spices and flavourings, Patel Fresh for pulses, nuts and dry fruits, and Patel Essential for household and cleaning products.

The company also operates a mobile application that connects customers with its nearest stores and offers home delivery.

About Patel Retail

Patel Retail is a value-focused retail and integrated food processing company headquartered in Ambernath, Mumbai. Its operations span the MMR region, with stores serving customers across locations in Maharashtra.

The company has expanded its presence across Thane, Raigad and Palghar districts and entered the public markets with its initial public offering in August 2025.

According to the company’s disclosure, Patel Retail reported total income of ₹1,059.29 crore, EBITDA of ₹83.08 crore and net profit of ₹39.05 crore in FY26. For Q1FY27, it reported total income of ₹310.24 crore, EBITDA of ₹19.68 crore and net profit of ₹9.52 crore.

Conclusion

Patel Retail has added its 54th store in Kalyan East as it continues to expand its organised retail network across the Mumbai Metropolitan Region.

The new outlet strengthens the company’s physical presence in another suburban market and adds to its growing store base. Meanwhile, the Patel Retail share price was at ₹203.32 as of 12:02:41 PM IST on September 28, 2026, down 1.43%.

Source:

• https://www.nseindia.com/get-quote/equity/PATELRMART/Patel-Retail-Limited
• https://nsearchives.nseindia.com/corporate/PATEL_28092026112919_PRL_Press_Release.pdf