Please find enclosed herewith presentation for the quarter and half year ended 30th September,2025.
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Bhatia Communications & Retail, a Surat-based multi-brand electronics retailer, shared its Q2 and H1 FY26 investor presentation. Revenue grew 16% year-on-year to Rs 247.18 crore in H1 FY26, with Q2 revenue up 25% at Rs 134.98 crore, driven by store network expansion. Net profit was nearly flat at Rs 7.31 crore as EBITDA margins slipped from 5.23% to 5.07% and PAT margin compressed from 3.4% to 3.0%. The store count rose to 253 (from 237 at FY25-end), with 28 stores now in Maharashtra. Management flagged semi-urban Maharashtra expansion as the key growth lever over the next 2-3 years. The company remains net debt-free with cash on books and reported ROE of 23% and ROCE of 22%.
Strong revenue growth from new store additions is a positive, but declining margins and flat bottom-line growth may weigh on the stock. Investors should watch Maharashtra store execution and whether margins recover as new outlets mature.