SS Retail shares jumped 19.5% to ₹828.30 on 14 October 2026, after the mobile retailer posted its first results since listing. The stock is now about 95% above its IPO price of ₹424. Profit after tax for the June quarter rose 61% to ₹23.8 crore, according to a Mint report.
What did SS Retail report for Q1 FY27?
The figures below are the company's, as reported by Mint. We have not seen the exchange filing ourselves.
| Q1 FY27 (April to June 2026) | Figure | Change on last year |
|---|---|---|
| Consolidated revenue | ₹789.7 crore | +59% |
| EBITDA | ₹45.4 crore | +51% |
| Profit after tax | ₹23.8 crore | +61% |
| EBITDA margin | 5.8% | Down 31 basis points |
| Gross margin | 12.8% | Up 53 basis points |
Profit grew faster than revenue, but the EBITDA margin, the operating profit left from each rupee of sales, slipped slightly. Same-store sales grew 34%. The company added 33 stores in the quarter and now has 536 across five states. It says it is targeting 750 stores by FY28.
How has the stock moved since listing?
SS Retail listed on 23 September at ₹624 on the NSE, 47.17% above the issue price, and ₹639.10 on the BSE. It touched a high of ₹888 on 24 September, and Mint says it has gained 11% over the past week. At ₹828.30, one lot of 35 shares bought at ₹14,840 is worth about ₹28,990 on paper. That is our arithmetic, and the price moves every minute.
What our data shows
The ₹500 crore issue was subscribed 103.3x on our tracker, the 21st highest of 99 mainboard IPOs closed this year. (Mint quotes 107.41x.) The grey market premium was ₹160, or 37.74%, on listing morning, and the stock opened 47.17% higher, ranking eighth of 100 mainboard listings in 2026. The median listing gain this year is 6.92%. GMP is an unofficial dealer quote and undershot this one by about nine points.
What happens next
Most of the IPO money is meant for working capital, with ₹416.53 crore of the fresh issue earmarked for it, and only ₹12.45 crore for store fit-outs. The company said it has started deploying the proceeds. Past listing data for every mainboard issue sits on our IPO performance page, and the full issue details are on the SS Retail IPO page. Our earlier note on the SEBI approval shows how the issue began. The results and share price are from Mint.
