ADITYA VISION LIMITED

Operates a chain of branded retail showrooms selling consumer durables and electronics — cooling products (air conditioners, refrigerators), televisions, mobile phones, laptops and similar appliances — to retail customers across eastern and central India. As of June 30, 2026, the network stood at 210 stores split across Bihar (120, covering all 38 districts), Uttar Pradesh (54 across 30 of 75 districts), Jharkhand (33 across 22 of 24 districts) and Chhattisgarh (3 across 2 of 27 districts), with planned entry into Madhya Pradesh and West Bengal in FY27. Revenue of Rs 2,671.62 cr in FY26 grew 18% year-on-year, and Q1 FY27 revenue rose 27% to Rs 1,192.68 cr with same-store sales growth of 18%. The model buys finished goods from OEMs and resells through company-owned stores; inventory stood at Rs 663 cr as of June 30, 2026 (down from Rs 840 cr at FY26-end after a deliberate pre-build ahead of OEM price hikes). Store-level economics target breakeven within 9–12 months of opening. Cost shape in FY26 was 3.1% employee costs, 4.0% other operating expenses and 1.5% depreciation against revenue. Management guides to a 8–10% medium-term EBITDA margin (15–16% gross margin) and more than 30 net store additions in FY27, with cooling-led sales remaining the structural summer driver even as the company positions itself as an 'all-season' retailer.