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SS Retail Q1 profit jumps 59.4% to Rs 23.7 crore as revenue climbs 58.6% to Rs 789 crore
Our read
SS Retail is more likely than not to stay profitable and growing, but revenue growth will probably cool from Q1's 58.6% as the base gets larger.
For operators
SS Retail grew Q1 revenue 58.6% to Rs 789 crore while profit rose 59.4% to Rs 23.7 crore, so for rival retailers the benchmark is growth that kept pace with profit rather than being bought with margin.
Watch
Profit growth against the 59.4% reported, in the next results
Ask next
How do SS Retail's results compare with its rivals?The report
SS Retail's consolidated profit rose from Rs 14.9 crore, while its revenue rose from Rs 497.6 crore. Separately, Hyundai Motor Group committed $15.5 billion to India between 2026 and 2032.
- Q1 consolidated revenue
- Rs 789 crore
- up 58.6%
- Q1 consolidated profit
- Rs 23.7 crore
- up 59.4%
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Why it matters to operators and investors
SS Retail's Q1 consolidated profit rose 59.4% to Rs 23.7 crore on revenue up 58.6% to Rs 789 crore, which put it in the stocks in focus on 14 October; profit grew only slightly faster than sales, so the gain looks volume-led rather than margin-led.
What to watch next
- Q2 revenue growth above the 58.6% reported for Q1, at the next results, would mean the expansion is sustaining and not a one-quarter base effect.
- Management commentary on store additions and demand outlook
- Brokerage estimate changes after the Q1 numbers
- Rival retailers' discounting in SS Retail's categories
The source
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