• Store expansion roadmap: SS Retail plans to open 240 stores over the next two years, funding 115 through IPO proceeds and the rest through internal accruals. The company intends to maintain its operating mix of 92% company-owned models (COCO and COFO) and 8% franchise-owned formats (FOFO).
• IPO proceeds deployment: With current debt at ₹160 crore, ₹12 crore from the IPO proceeds will be allocated for capex and the remainder for working capital to substantially reduce debt. The company's debt-to-equity ratio has already declined from 0.8 in FY24 to 0.6 in FY26.
• Financial growth metrics: Revenue reached ₹2,350 crore in FY26 from ₹1,200 crore in FY24, delivering a revenue CAGR of over 40%, a PAT CAGR of 49%, and a return on capital employed consistently exceeding 30%.
• Olineo Nexus acquisition: The completed acquisition of Olineo adds roughly 34 stores to strengthen retail presence in Mumbai, while its Nexus B2B channel provides margin expansion opportunities in accessories.