SS Retail Limited

Bull case

• The company successfully expands its store count to 120 new stores in Fiscal 2027 and 2028 as planned.

  The company intends to utilize ₹ 2,015.47 million from the Net Proceeds for working capital requirements, which supports its expansion strategy.

• The pre-owned mobile phone market continues to grow at a CAGR of 12.5% as projected.

  SS Retail Limited launched 'Mobile Exchange Wala' to capitalize on this growing segment, which reached ₹ 787 billion in Fiscal 2025.

• The organized retail market grows at a CAGR of 14.3% from FY2025 to FY2030.

  The organized retail sector is projected to expand significantly, benefiting SS Retail Limited's operations in tier II and tier III cities.

• The company maintains strong relationships with its top suppliers, ensuring consistent product availability.

  The company is significantly reliant on its top 10 suppliers, which accounted for 86.93% of purchases during the 3 months ended June 30, 2025.