SS Retail share price jumps 18% after Q1FY27 net profit soars 61% YoY; aims 2x revenue by FY28

Shares of mobile and electrical equipment retailer, SS Retail jumped over 18% on Wednesday after company announced robust quarterly earnings for the period ended June 2026. The share price made intraday high of ₹790 apiece, soaring over 14% during Wednesday’s early morning session.

The company said through an exchange filing that the strong business momentum, improving operating efficiencies and scalable retail model drive the profitability growth.

SS Retail Q1FY27 results

For the quarter ended June 2026, the company’s revenue jumped 59% YoY to ₹789 crore, which was largely driven by strong 34% same store sales growth, reflecting healthy organic growth in the topline. Additionally, higher average selling price (ASP) on smartphones and continued store additions also contributed to the growth.

At the operational level, the company’s EBITDA performance jumped 51% YoY to ₹45 crore, with healthy 5.8% EBITDA margin, down 31 bps. The margin contraction is attributable to higher operating expenses for new store additions during the quarter.Owing to robust topline growth and improved operational efficiency, the net profit for the quarter jumped 61% YoY to ₹23.8 crore.

Management commentary

Commenting on the results, Mr. Siddharth Shah Founder, Chairman & MD, SS Retail said: “Our first results announcement since listing marks an exciting new chapter for SS Retail, with record-high revenue, EBITDA and PAT, growing 59%, 51% and 61% YoY, respectively. Building on this strong performance, we are targeting 750 stores by FY28 and 2x revenue growth over the FY26 base, backed by India’s significant organised mobile retail opportunity”.

SS Retail share price performance

SS Retail shares are one of the key buzzing IPOs as the shares listed with bumber premium of 50% at ₹639 over its issue price of ₹424 apiece on the NSE. Post listing, shares made record high of ₹880 apiece, nearly double from its issue price.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.