Aditya Consumer Marketing Ltd is a regional consumer-platform company that puts everyday retail, dining, and personal-care services under one roof across Bihar’s towns - it is, in essence, a multi-format high-street operator for India’s underserved tier-2 and tier-3 markets. It began 23 years ago as a single modern supermarket in Patna and has since layered on restaurant brands, banquet halls, and salons, all serving the same local customer base. The recurring approach is to run physical, experience-led formats in a compact geography, using local knowledge and shared back-end systems rather than chasing national scale or online-only models. # Business segments Four consumer-facing engines, all anchored in Bihar - a supermarket chain that is the original foundation, a portfolio of restaurant and takeaway brands, an event-and-catering hospitality business, and a salon-and-spa network, each built on the same local operating playbook. ## 1. 9to9 Super Market: the original grocery-and-essentials engine **A chain of physical supermarkets selling FMCG, groceries, and daily utilities directly to walk-in customers - the business that started it all and still forms the backbone.** - **Pure retailer, no manufacturing** - the company buys finished goods from leading brands and local suppliers, stocks them, and sells them over the counter; it does not produce anything itself, so its entire cost is the purchase price of inventory plus the cost of running the stores. - **Earns on every item sold, not on subscriptions or memberships** - revenue is recognised the moment goods are handed to the buyer and ownership passes, measured simply by what is charged at the till, with inventory valued at the lower of cost or net realisable value on a weighted-average basis. - **Competes with kiranas and quick-commerce, not just other chains** - the main competitive pressure comes from small neighbourhood stores that mushroomed after the pandemic and from online delivery platforms running 24×7, both of which can undercut on price because they carry lower overheads. - **Fights back with systems, not price wars** - the company’s response is to invest in IT-driven inventory management, demand forecasting, and supply-chain efficiency so it can keep shelves stocked and costs tight without racing to the bottom on pricing. ## 2. YO! China, Take-Away Express & 9to9 Biryani: dine-in and takeaway restaurants **A collection of restaurant and quick-service brands covering Chinese cuisine, street food, and biryani - serving the same Bihar households when they eat out or order in.** - **Three brands under one kitchen umbrella** - YO! China does Chinese dine-in and delivery, Take-Away Express is a quick-service format, and 9to9 Biryani & Street Food covers the local staples; together they address different meal occasions and price points. - **Footprint has been pruned to what works** - the network once stretched to five or more YO! China outlets including Darbhanga and Muzaffarpur, but underperforming locations have been closed, leaving the remaining YO! China outlets in Patna’s Bandar Bagicha, Ashiana Nagar, Kankar Bagh, Gaya College Road, Darbhanga, and Muzaffarpur as of early 2026, alongside the takeaway and biryani formats. - **Transactional revenue, per order** - the business makes money on every plate served and every delivery bag handed over, with no subscription or membership income. - **Delivery platforms are both a threat and a channel** - the rise of online food delivery has pulled foot traffic away from dine-in, so the company has tied up with leading home-delivery marketplaces to capture orders from customers who now prefer to eat at home. - **Local management is the edge** - the leadership’s deep familiarity with Bihar’s eating-out habits, combined with systems that help predict demand and optimise kitchen inventory, is what the company counts on to stay relevant against national chains and cloud kitchens. ## 3. 9to9 Banquet & Conference Hall: event spaces and catering **Rented halls for weddings, conferences, and functions, paired with in-house catering - a hospitality business that monetises the same real estate and community relationships.** - **Three venues in three cities** - banquet and conference facilities operate in Patna (Bandar Bagicha), Gaya, and Muzaffarpur, mirroring the supermarket’s geographic spread and putting event space in the state’s key social hubs. - **Revenue per event, not per night** - the engine earns from hall rentals charged per function and from the catering services provided at those events, making it a lumpy but high-ticket business tied to the wedding and conference calendar. - **Built goodwill during the pandemic** - when lockdowns wiped out the marriage season and forced mass cancellations, the company refunded deposits and advances in full to hundreds of customers, a move management says later translated into higher sales through repeat bookings and referrals. - **Operates on a variable-capacity model** - during COVID-restricted periods the halls ran at sharply reduced capacities - as low as 50 persons at a time - and scaled back up as rules eased, showing the business can flex its cost base around event sizes. ## 4. 9to9 Salon & Spa: beauty and wellness services **A network of gender-segregated salons offering professional beauty and grooming services - the smallest but most outlet-intensive engine, with a presence in nearly every market the company serves.** - **Separate outlets for ladies and gents** - as of early 2026, ladies’ salons run in eight locations (six in Patna, one in Gaya, one in Muzaffarpur) and gents’ salons in four (three in Patna, one in Muzaffarpur), giving the format the widest physical footprint of any ACML engine. - **Per-visit, per-service revenue** - customers pay for each haircut, treatment, or session, making income a direct function of footfall and average ticket size. - **Uses branded professional products as a differentiator** - the salons stock top-tier product lines and invest in specialised employee training, positioning themselves above unbranded neighbourhood barber shops on quality rather than price. - **Highly exposed to lockdown risk** - during FY21 the salon segment was shut for more than six months, and salon units and offices stayed closed through the May 2021 lockdown, making it the most operationally fragile part of the portfolio when mobility is restricted. # Group structure and partners **A single-entity, promoter-led SME listed on the BSE with no subsidiaries or joint ventures - all four engines sit inside one legal company.** - **One company, no group** - ACML has no subsidiaries, joint ventures, or associate companies; every supermarket, restaurant, banquet hall, and salon is operated directly by the listed entity. - **Promoters hold just over 55%** - the Sinha family and promoter group own 55.24% of the equity, with the rest spread across the Indian public (about 31%), HUFs, corporate bodies, and a small FPI and NRI holding, giving the founders clear control while keeping the stock widely enough held to meet SME exchange requirements. - **Listed on the BSE SME platform** - the company trades under scrip code 540146 and is exempt from certain corporate-governance provisions that apply to main-board companies, reflecting its smaller scale and simpler structure. - **Six-member board, two independent directors** - the board is chaired by Managing Director Yashovardhan Sinha, with three promoter-family directors, two independent directors, and a professional CFO and company secretary handling day-to-day financial and compliance functions.