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Aditya Vision Results: Latest Quarterly Results & Analysis

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Aditya Vision Ltd. 31 Jul 2026 15:14 PM
Result PDF

Q1FY27 Quarterly Result Announced for Aditya Vision Ltd.

Specialty Retail company Aditya Vision announced Q1FY27 results

Financial Highlights:

  • Revenue from Operations: The company reported revenue from operations of Rs 1,192.68 crore in Q1FY27, representing a YoY growth of 26.85% compared to Rs 940.23 crore in Q1FY26 and a QoQ increase of 90.82% from Rs 625.03 crore in Q4FY26.
  • Total Revenue: Total revenue (including other income) for Q1FY27 stood at Rs 1,194.84 crore, up 26.85% YoY from Rs 941.95 crore in Q1FY26 and up 90.51% QoQ from Rs 627.18 crore in Q4FY26.
  • Profit Before Tax (PBT): The company achieved a profit before tax of Rs 102.82 crore in Q1FY27, marking a 40.14% YoY increase from Rs 73.37 crore in Q1FY26 and a significant QoQ growth of 235.25% compared to Rs 30.67 crore in Q4FY26.
  • Net Profit: Net profit for Q1FY27 reached Rs 77.22 crore, a 39.99% YoY growth from Rs 55.16 crore in Q1FY26 and a 255.36% QoQ increase from Rs 21.73 crore in Q4FY26.
  • Total Comprehensive Income: The total comprehensive income for Q1FY27 was reported at Rs 77.22 crore, compared to Rs 55.16 crore in Q1FY26 and Rs 21.73 crore in Q4FY26.
  • Earnings Per Share (EPS): Basic EPS for Q1FY27 improved to Rs 5.98, up from Rs 4.29 in Q1FY26 and Rs 1.69 in Q4FY26.

Business Highlights:

  • Seasonality of Business: Management noted that the sale of the company’s products is seasonal in nature, which contributes to the lack of direct sequential (QoQ) comparability in results.
  • Auditor Appointment: The Board approved the appointment of M/s M S K A & Associates LLP, Chartered Accountants, as the Statutory Auditors of the company for a period of five years, starting from the conclusion of the 27th AGM until the 32nd AGM in 2031.
  • Internal Audit: M/s D.K. Verma & Co. has been appointed as the Internal Auditor of the company for the financial year FY 2026-27.
  • Leadership Re-appointment: The Board approved the re-appointment of Mr. Nishant Prabhakar as the Whole-time Director of the company for a period of five years, effective from September 22, 2026.

Result PDF

Result PDF

Specialty Retail company Aditya Vision announced Q4FY26 & FY26 results

Financial Highlights:

  • Revenue from Operations:
    • For FY26, revenue stood at Rs 2,672 crore, representing a YoY growth of 18.2% compared to Rs 2,260 crore in FY25.
    • For the quarter ended Q4FY26, revenue was Rs 625 crore, reflecting a YoY growth of 28.4% over Rs 487 crore in Q4FY25, and a QoQ decline of 3.7% from Rs 649 crore in Q3FY26.
  • EBITDA:
    • For FY26, EBITDA reached Rs 228 crore, an 11.7% YoY increase from Rs 204 crore in FY25.
    • For the quarter ended Q4FY26, EBITDA stood at Rs 51 crore, a YoY increase of 19.4% compared to Rs 42 crore in Q4FY25.
  • Profit Before Tax (PBT):
    • For FY26, PBT was Rs 157 crore, registering a 9.6% YoY growth over Rs 143 crore in FY25.
    • For the quarter ended Q4FY26, PBT was Rs 31 crore, reflecting a YoY growth of 27.2% compared to Rs 24 crore in Q4FY25.
  • Net Profit (PAT):
    • For FY26, PAT stood at Rs 117 crore, marking a YoY growth of 10.8% compared to Rs 106 crore in FY25.
    • For the quarter ended Q4FY26, PAT was Rs 22 crore, representing a YoY increase of 36.0% from Rs 16 crore in Q4FY25, and a QoQ decline of 18.5% from Rs 27 crore in Q3FY26.
  • Margins:
    • The EBITDA margin for FY26 was 8.5% compared to 9.0% in FY25.
    • The PAT margin for FY26 was 4.4% compared to 4.7% in FY25.
  • Earnings Per Share (EPS): Diluted EPS for FY26 grew by 10.9% to Rs 9.05 from Rs 8.16 in FY25.

Business Highlights:

  • Store Network: The company’s store count touched 207 showrooms as on March 31, 2026.
  • Expansion: Aditya Vision opened 32 new stores during FY26. It successfully entered the Chhattisgarh market with 3 stores across 3 cities.
  • Operational Growth: Same Store Sales Growth (SSSG) was maintained at 8% for FY26.
  • Average Selling Price (ASP): The ASP improved to Rs 22,088 in FY26 compared to Rs 21,894 in FY25.
  • Product Mix (FY26): Large Appliances contributed 60% of total sales, followed by Digital Gadgets at 24%, and Small & Other Appliances at 16%.
  • Store Economics: Average Capex per store remains between Rs 80-90 lakh, with an average store-level break-even period of 6-12 months and a payback period of 3 years.
  • Consumer Finance: Approximately 53% of the total sales in FY26 were financed through consumer finance partners.
  • Footprint: The total retail footprint reached approximately 9,13,725 Sq. Ft. by the end of FY26, representing a 22% growth over the previous year.

Yashovardhan Sinha, Chairman & Managing Director, said: FY26 was an unusual year, with prolonged and unseasonal rainfall which engulfed entire H1.

Despite this, Aditya Vision delivered a strong performance, with revenue growing by 18% YoY and PAT rising by 11% YoY. This reflects the resilience of our business model, the strength of our execution, and the enduring trust of our customers.

We continued to invest confidently in our future, undertaking one of the most significant expansion phases in our history. Remarkably, we added 102 stores in just the last 3 years almost matching the 105 stores built over the preceding 24 years. As these stores mature, they will enhance productivity, improve operating leverage, and contribute meaningfully to profitability.

Our confidence in the future has never been stronger. The foundations we are building today will power the next phase of value creation.

Result PDF

Specialty Retail company Aditya Vision announced Q3FY26 results

  • Revenue: Rs 649 crore against Rs 508 crore during Q3FY25, change 28%.
  • EBITDA: Rs 53 crore against Rs 47 crore during Q3FY25, change 13%.
  • PBT: Rs 38 crore against Rs 31 crore during Q3FY25, change 23%.
  • PAT: Rs 28 crore against Rs 24 crore during Q3FY25, change 17%.

Yashovardhan Sinha, Chairman & Managing Director, said: "Strong Q3 Performance Amid Festive Season & GST Reforms.

  • Aditya Vision delivered a robust Q3 performance, with revenue up 28% YoY, driven by festive season and post–GST 2.0 demand uptick.

Profitability and Readiness for the upcoming summer season.

  • Gross Margins improved marginally to 15.8%, aided by improved product mix.
  • Adjusted PAT (excluding the one-time statutory impact of Rs 1.5 crore arising from the new labour codes) increased by 18% year on year.

Steady Expansion with Cluster Discipline

  • Retail footprint at 192 stores with 4 additions in Q3; on track to cross 200 stores in FY26 through focused cluster expansion across the Hindi heartland.

Outlook

  • Entered Q4 on a strong footing with improving demand momentum, consistent store expansion, and operational focus on sustaining growth. We are well-poised for expansion in Chhattisgarh and Madhya Pradesh in the current calendar year."

Result PDF

Specialty Retail company Aditya Vision announced Q2FY26 results

  • Revenue: Rs 458 crore compared to Rs 376 crore during Q2FY25, change 21.7%.
  • EBITDA: Rs 35 crore compared to Rs 30 crore during Q2FY25, change 15.4%.
  • PBT: Rs 17 crore compared to Rs 16 crore during Q2FY25, change 4.5%.
  • PAT: Rs 13 crore compared to Rs 12 crore during Q2FY25, change 4.2%.

Yashovardhan Sinha Chairman & Managing Director, said: Strong Q2 Performance Amid External Headwinds.

  • Aditya Vision delivered a robust Q2, with revenue up 22% YoY despite the lean season, monsoon disruptions, and muted pre-GST demand.

Profitability and Readiness for Festive Demand:

  • Gross Margins remained stable at 15.1%, aided by improved product mix.
  • Inventory strategically built up for the festive season with uptick in demand for larger appliances following the GST rate cut.

Steady Expansion with Cluster Discipline:

  • Retail footprint at 188 stores with 9 additions in Q2; on track to cross 200 stores in FY26 through focused cluster expansion across the Hindi heartland.

Outlook: Entered the festive season on a strong footing with rising demand and operational focus on sustaining growth.

Result PDF

Specialty Retail company Aditya Vision announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue: Rs 487 crore compared to Rs 376 crore during Q4FY24, change 29.6%.
  • EBITDA: Rs 42 crore compared to Rs 38 crore during Q4FY24, change 12.4%.
  • EBITDA margin: 8.7% for Q4FY25.
  • PBT: Rs 24 crore compared to Rs 16 crore during Q4FY24, change 50.6%.
  • PBT margin: 5.0% for Q4FY25.
  • PAT: Rs 16 crore compared to Rs 8 crore during Q4FY24, change 103.6%.
  • PAT margin: 3.3% for Q4FY25.

FY25 Financial Highlights:

  • Revenue: Rs 2,260 crore compared to Rs 1,743 crore during FY24, change 29.6%.
  • EBITDA: Rs 204 crore compared to Rs 167 crore during FY24, change 21.8%.
  • EBITDA margin: 9.0% for FY25.
  • PBT: Rs 143 crore compared to Rs 107 crore during FY24, change 34.2%.
  • PBT margin: 6.3% for FY25.
  • PAT: Rs 105 crore compared to Rs 77 crore during FY24, change 36.9%.
  • PAT margin: 4.7% for FY25.

Yashovardhan Sinha, Chairman & Managing Director, said: “We are pleased with our strong performance this quarter, marked by healthy revenue and PAT growth, and the successful delivery on our store expansion targets. With this momentum, we are well-positioned to drive continued growth in the coming quarters”.

Result PDF

Specialty Retail company Aditya Vision announced Q3FY25 results

  • Revenue: Rs 508 crore compared to Rs 413 crore during Q3FY24, change 23%.
  • EBITDA: Rs 47 crore compared to Rs 43 crore during Q3FY24, change 7%.
  • EBITDA margin: 9.2% for Q3FY25.
  • PBT: Rs 31 crore compared to Rs 29 crore during Q3FY24, change 8%.
  • PBT margin: 6.1% for Q3FY25.
  • PAT: Rs 24 crore compared to Rs 22 crore during Q3FY24, change 9%.
  • PAT margin: 4.8% for Q3FY25.

Result PDF

Specialty Retail company Aditya Vision announced Q1FY24 results:

  • Operational Revenue increased by 46.23% YoY to Rs 641.23 crore compared to Rs 438.51 crore in Q1FY23.
  • PAT increased by 41.26% YoY to Rs 37.42 crore compared to Rs 26.49 crore in Q1FY23

Commenting on the performance for Q1FY24, Yashovardhan Sinha, Chairman and Managing Director of Aditya Vision, said: "We are thrilled to announce this exceptional growth in revenues and profits, which are a testament to the hard work and dedication of our team, unwavering support from our suppliers as well as the loyalty of our valued customers. Inspite of unseasonal rains affecting the peak summer season, we were able to achieve this remarkable growth. Due to weak summer, footfalls were impacted in April and May. However, with weather being supportive, the business recorded a strong recovery in the month of June.

During the quarter, the Company continued its momentum in store expansion and opened 12 new showrooms out of which 5 were in Bihar, 2 in Jharkhand and 5 in Uttar Pradesh. The total store count as of today stands at 117 stores. We are at a stage of hyper scaling where our Company has opened 24 showrooms in the last 6 months. Keeping up with this momentum, we now aim to open 8-12 more new stores in the next 3 months before festive season, surpassing our initial target of 125 stores in FY24.

We are the largest electronic retailer in Bihar and whilst we entered Jharkhand in FY2022, we have already become the largest electronic retailer in Jharkhand. In March 2023, we expanded our operations in Uttar Pradesh and received an overwhelmingly positive response from our customers. We are focused on establishing our presence in UP. We perceive a significant opportunity in the under-penetrated markets of Hindi Heartland for consumer durables & electronics. My team and I are strongly committed to ensuring that we generate value for our customers, investors, suppliers, employees, and all other stakeholders.

Lastly, as a retail company specializing in consumer electronics, we remain unwavering in our dedication to delivering innovative products, outstanding customer experiences, and consistent growth. We are enthused about the future and have full confidence in our ability to set new benchmarks."

 

Result PDF

Specialty Retail firm Aditya Vision announced Q3FY23 results:

  • Q3FY23:
    • Operational Revenue increased by 20.86% YoY to Rs 317.85 crores compared to Rs 262.98 crores in Q3FY22
    • PAT increased by 20.64% YoY to Rs 19.52 crores compared to Rs 16.18 crores in Q3FY22
  • 9MFY23:
    • Operational Revenue increased by 59.08% YoY to Rs 1,015.96 crores compared to Rs 638.64 crores in 9MFY22
    • PAT increased by 111.89% YoY to Rs 57.36 crores compared to Rs 27.07 crores in 9M FY22

Commenting on the performance for Q3 FY23, Mr. Yashovardhan Sinha, Chairman and Managing Director, Aditya Vision, said: “Your company finished Q3 with a growth of 20.86% in revenues and a growth of 20.64% in profits. For the 9M period, net revenue grew by 59.08% and profits have grown by 111.89%. We believe our core markets have continued to grow ahead of the consumer durables industry in the country. This strong growth reflects sustained consumer demand, driven by increased penetration of consumer durables and supported by excellent execution from our committed team.

We have opened our 96th store, taking the store addition in FY23 to 17 as on date on a base of 79 stores in FY22. This strong store addition reflects our continued commitment to provide a world class shopping experience to our consumers and to deepen our retail presence in our target markets of the Hindi heartland. We have so far opened 14 stores in Jharkhand in 11 major districts. By Q3FY 2023, Jharkhand stores have started contributing 10% to our revenues. After a successful debut in Jharkhand, we are in the process of expanding our presence into targeted areas of Uttar Pradesh. I am excited to share with you that we have started our Uttar Pradesh expansion program sooner than initially planned and have already finalized few locations in Uttar Pradesh, moving closer to our goal of opening 150 Stores by FY 2025 following a Hindi heartland specific cluster-based expansion strategy.

While we are expanding into newer geographies of Jharkhand & Uttar Pradesh, we are also opening 2000 – 3000 sq feet stores in Bihar in big sub divisional towns between districts. These stores will further fortify our leadership position in Bihar and brings us closer to our valued customers. These stores operate on an expense light model which will further contribute to the profitability of your company.

We hit a half century of Stores in FY 2021, and we remain confident of achieving the milestone of 100 stores and more in this FY 2023 itself.”

Result PDF

Specialty retail company Aditya Vision announced Q2FY23 results:

  • Q2FY23:
    • Revenue increased by 42.56% YoY to Rs 259.60 crore, compared to Rs 182.09 crore in Q2FY22
    • PAT increased by 171.53% YoY to Rs 11.35 crore, compared to Rs 4.18 crore in Q2FY22
  • H1FY23:
    • Revenue increased by 85.83% YoY to Rs 698.11 crore, compared to Rs 375.66 crore in H1FY22
    • PAT increased by 247.47% YoY to Rs 37.84 crore, compared to Rs 10.89 crore in H1FY22.

Yashovardhan Sinha, Chairman and Managing Director of Aditya Vision Ltd, said: "The company finished Q2 with a YoY growth of 42.56% in Revenues, where Profits grew by 171.539%. For the First half of FY2023, Revenues have grown by 85.83%, whereas Profits have grown by a whopping 247.47%. Profits for the first half of FY23 exceeded the entire profits in FY22. This strong growth reflects sustained consumer demand in our core markets, driven by increased penetration of consumer durables and supported by excellent execution from our committed team. However, the company's Q2 has historically remained the weakest among all quarters due to seasonal effects caused by monsoons and inauspicious periods.

Today, we stand at 91 stores versus 79 stores in FY2022. We have opened 12 new stores in this fiscal so far, and 6 more are under construction at the moment. This reflects our commitment to providing a world-class shopping experience to our consumers and to deepening our retail presence in our targeted markets in the Hindi heartland.

The company is confident to hit a century of Store Counts in FY2023 moving closer to our goal of 150 Stores by FY2025.

Since retailing of consumer durables and electronics is a niche segment, the unique features enjoyed by your Company are provided below, which bodes well for the future of this format of retail:

  1. In all our stores, almost all the salesmen (brand promoters) are provided by the OEMs which saves on employee costs.
  2. Our retail sector is growing faster than other retailers due to the availability of easy finance options by way of zero-cost EM offering by NBFC and Banks which is supported by OEMs.
  3. Large Appliances like TV, fridge, AC & washing machine are aspirational products which require family purchase decisions where the entire family visits your store for the touch and feel of the products which reduces the option of online purchases. Moreover, company remains highly competitive due to its competitive price line and ability to instantly deliver the purchased products to customers.
  4. Consumer electronic market still remains under-penetrated in India, especially in Tier 3 and Tier 4 cities in Hindi Heartland where we see immense growth potential and strong demand due to massive improvements in the power situation.

It assures that the team is motivated and working hard with a focus on delivering great value for our customers & our shareholders."

Result PDF

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