SS Retail Limited has announced its financial results for the second quarter and half-year ended September 30, 2026. The company reported a record performance with revenue surging 87% year-over-year (YoY) to INR 9,403 million for Q2 FY27. Profit After Tax (PAT) saw a substantial increase of 160% YoY to INR 280 million in the same quarter. The company also highlighted strong same-store sales growth and accelerated retail expansion as key drivers.
SS Retail Delivers Record Q2 FY27 Performance
SS Retail Limited announced its financial results for the quarter ended September 30, 2026, revealing a record performance driven by industry-leading organic growth, accelerating retail expansion, and premiumisation-led demand. Revenue surged by 87% YoY to INR 9,403 million in Q2 FY27, contributing to a 73% YoY growth to INR 17,293 million in H1 FY27. This performance was underpinned by higher smartphone Average Selling Prices (ASPs), strong same-store sales growth, and continued retail network expansion.
Key Financial Highlights
Q2-FY27 Consolidated Financial Performance:
| Revenue | Gross Margin | EBITDA | EBITDA Margin | PAT |
| INR 9,403 Mn (YoY: +87%) | 12.7% (YoY: +71 bps) | INR 524 Mn (YoY: +99%) | 5.6% (YoY: +35 bps) | INR 280 Mn (YoY: +160%) |
H1-FY27 Consolidated Financial Performance:
| Revenue | Gross Margin | EBITDA | EBITDA Margin | PAT |
| INR 17,293 Mn (YoY: +73%) | 12.7% (YoY: +61 bps) | INR 973 Mn (YoY: +73%) | 5.6% (YoY: +1 bps) | INR 517 Mn (YoY: +102%) |
Operational and Growth Drivers
The company achieved exceptional 38% Same-Store Sales Growth (SSSG) in Q2 FY27, driven by higher smartphone ASPs, premiumisation, and enhanced monetisation of its existing store network. The pre-owned business, ‘Mobile Exchange Wala’, also contributed positively. SS Retail accelerated its retail expansion by adding 38 stores in Q2 FY27, bringing its total network to 574 stores across 5 states. Strong festive-season demand is expected to provide further growth tailwinds in H2 FY27.
Management Commentary
Mr. Siddharth Shah, Founder, Chairman & MD, SS Retail, commented on the results, stating, “Our Q2 performance reflects the strength of SS Retail’s business model, with record-high revenue, EBITDA and PAT, driven by strong same-store sales growth, continued network expansion and improving product mix. The performance underscores the growing scale of our retail operations and the strength of our customer franchise.” The company is on track to achieve its target of 750 stores by FY28 and aims to double revenue from the FY26 base over the next two years.
Source: BSE
