SRSS Retail544934Media interview

MD's media interview today; Q1 FY27 revenue up 59% YoY, PAT up 61%, 536 stores

Chairman & MD Siddharth Shah is scheduled for a media interview today, Oct 14, 2026, at 8:30 AM; the company says no unpublished price-sensitive information is intended to be discussed.

By ScoutQuest · Wed 14 Oct 2026, 9:02 AM IST · 2 min read

Q1 FY27 Revenue

INR 7,897 Mn (+59% YoY)

Q1 FY27 EBITDA

INR 454 Mn (+51%)

Q1 FY27 PAT

INR 238 Mn (+61%)

Interview intimation

The company has informed the stock exchanges that its Chairman and Managing Director, Mr. Siddharth Shah, is scheduled to take part in a media interview today, Wednesday, October 14, 2026, at 8:30 A.M. The interview will cover the company's business, operations and other relevant matters. The company states that no unpublished price-sensitive information (UPSI) is intended to be discussed, and that the schedule is subject to change on account of the media channel or the company.

Q1 FY27 results

An attached press note sets out the results for the quarter ended June 30, 2026. The table in the release shows:

• Revenue: INR 7,897 Mn, up 59% YoY
• Gross margin: 12.8%, up 53 bps YoY
• EBITDA: INR 454 Mn, up 51% YoY
• EBITDA margin: 5.8%, down 31 bps YoY
• PAT: INR 238 Mn, up 61% YoY

The release also reports record same-store sales growth, with SSG at 34% in Q1 FY27. The gross margin expansion of 53 bps is against EBITDA margin moving down 31 bps; the release says the consolidation of Olineo and Nexora increased EBITDA-level costs by 79 bps, and that operating leverage is expected to support EBITDA improvement, with growth anticipated in the latter half of FY27.

Store network and product mix

• 33 stores were added in Q1 FY27, taking the total retail footprint to 536 stores across 5 states, with a cumulative retail area of 2.8 lakh sq. ft.
• Mobile phones accounted for 86% of revenue, followed by pre-owned devices at 7.5%, accessories & protection at 5%, and TVs & laptops at 1.5%.
• Mobile Exchange Wala runs a shop-in-shop model across 95+ stores; pre-owned devices contributed 7.5% of Q1 FY27 revenue against 5.8% in Q1 FY26, registering 96% YoY growth.
• Maharashtra contributed 88% of revenue in Q1 FY27, while non-Maharashtra markets increased to 12% from 8% in Q1 FY26.
• Revenue contribution was 20% from COCO, 72% from COFO and 8% from FOFO.
• Inventory days were maintained at 47 days.
• The customer base is approximately 61 lakh, with a target of 1 crore customers by FY28-29; around 80% of customers preferred the accessory bundle over a cash discount.

Capital allocation and growth plans

The release states that the INR 500 crore IPO, including an INR 360 crore fresh issue, will fund 115 new stores and working capital requirements. Management is targeting 750 stores by FY28 and 2x revenue growth over the FY26 base.

Management commentary

Mr. Siddharth Shah, Founder, Chairman & MD, is quoted describing this as the first results announcement since listing, with revenue, EBITDA and PAT growing 59%, 51% and 61% YoY respectively. He refers to opportunities across pre-owned devices, accessories and financing, and to improved store productivity and operating leverage expected to drive incremental EBITDA margin expansion and stronger PAT margins.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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