India · Delayed Price · Currency is INR Aditya Vision Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 6% YoY to INR 940 crore despite adverse weather, with EBITDA margin stable at 9.5% and PAT up 4%. Inventory and borrowings were sharply reduced, and store expansion continues, with optimism for festive season demand and positive full-year growth.
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Revenue grew 18% year-over-year in FY 2026, with Q4 revenue up 28% and PAT up 36%. Expansion continued with 207 stores, and margins remained resilient despite a weak summer and product mix shifts. Inventory was strategically increased to mitigate supply risks.
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Q2 FY 2026 revenue rose 22% year-over-year to INR 458 crores, with PAT up 4.2% to INR 13 crores. Festive demand, GST cuts, and government schemes drove strong sales rebound, while margins remained stable despite muted cooling product sales. Store expansion and robust outlook continue.
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Revenue grew 27% year-over-year in Q1 FY27, with strong market share gains and improved profitability. ACs led category growth, and expansion into new states is underway, with EBITDA margin guidance maintained at 8%-10%.
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Q4 and FY 2025 saw record 30% revenue growth, with PAT up 37% for the year and 104% for Q4. Store count reached 175, with aggressive expansion in U.P. and strong SSSG. Inventory and staff costs rose due to supply chain caution and new store openings.
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Q3 FY 2026 delivered 28% revenue growth and 17% same-store sales growth, driven by festive demand and store expansion, despite margin moderation from higher OpEx and exceptional expenses. Expansion into UP, MP, and Chhattisgarh continues, with stable EBITDA margin guidance and strong outlook for FY 2027.
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Revenue and PAT grew 30% and 29% year-over-year for nine months FY 2025, with Q3 revenue up 23% and PAT up 9.25%. Store expansion continues, targeting over 200 stores by FY 2026, while margins remain stable despite higher OpEx and macro headwinds.