Earning Call Transcript for the quarter and year ended March 31, 2026.
AVL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aditya Vision delivered strong FY26 performance with 18% revenue growth to INR 2,672 crores and 11% PAT growth to INR 117 crores, despite a weak summer season that impacted H1. Q4 was particularly strong with 28% revenue growth and 36% PAT growth. The company expanded to 207 stores across 4 states, adding 102 stores in the last 3 years. Management highlighted that the business is now transitioning to an all-season model, reducing seasonal dependency. Gross margins stood at 15.6% and EBITDA margins at 8.5% for FY26. The company strategically built inventory to INR 840 crores ahead of anticipated price hikes. New store additions are planned for UP, Chhattisgarh, and Madhya Pradesh, with management targeting 8-10% EBITDA margins going forward.
The company demonstrated resilience by recovering from a weak H1 to deliver full-year targets, with management confident that maturing stores and controlled expansion will support margins. No capital raise is planned as internal accruals are sufficient.