Diversified retail and food processing company secures Rs 22 crore export order; Cumulative export order book reaches Rs 50 crore
DSIJ Intelligence-1Categories: Mindshare, Trending
The company has a market cap of over Rs 850 crore and has delivered good profit growth of 40.1 per cent CAGR over the last 5 years.
Patel Retail Limited has successfully secured a new export order worth Rs 22 crore, bringing its total cumulative export order book to Rs 50 crore. This significant achievement highlights the company's strong and growing presence in international markets. The new orders come from various regions, including Europe, the UK, Canada, Australia, New Zealand and Singapore, which underscores the global demand for Patel Retail's high-quality products.
The consignments for these orders will be processed at the company's advanced facilities located in Ambernath, Thane and Mumbai in Maharashtra, as well as in Gujarat. These plants are equipped to ensure strict adherence to international quality standards. A notable aspect of this new order book is that it includes repeat business from existing long-term clients, which demonstrates the trust and satisfaction that international partners have in Patel Retail's products and services.
With a history of exporting to over 35 countries, Patel Retail has built a strong reputation for reliability, quality and solid customer relationships. This latest milestone reinforces the company's capability to serve diverse global markets effectively. A key factor in their success is their backwards integration model, which allows them to source raw materials directly from farmers and process them in-house, ensuring quality control and efficiency from the ground up.
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About Patel Retail Limited
Patel Retail Limited is a diversified retail and food processing company with a strong presence in value retail supermarkets, food exports and agri-processing. Recognised as a 4-star export house by the Government of India. With a growing footprint across domestic retail and international trade, Patel Retail continues to innovate, expand and build long-term trust with customers worldwide.
The company has a market cap of over Rs 850 crore and has delivered good profit growth of 40.1 per cent CAGR over the last 5 years. The stock is up by 5.31 per cent from its 52-week low of Rs 245 per share and down by 15.44 per cent from its 52-week high of Rs 305 per share.
Disclaimer: The article is for informational purposes only and not investment advice.