India's Patel Retail jumps as quarterly profit nearly doubles

Patel Retail

02/02/2026 09:08

** Shares of Patel Retail PAER.NS up 4.5% at 203.2 rupees

** Indian supermarket chain operator's Dec-quarter profit nearly doubled to 120 mln rupees ($1.3 mln), revenue surged 35.5%

** PAER up as much as 10.3% after results, before trimming its gains

** More than 709,000 shares traded, 2x their 30-day moving avg

** PAER down ~32% since listing on August 26, 2025

($1 = 91.4925 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))