Aditya Vision Ltd

Aditya Vision Limited (AVL) reported strong financial performance in Q2 and H1 FY27, with revenue growing 28.1% YoY to Rs. 586 crore and 27.3% YoY to Rs. 1,779 crore for the half-year. EBITDA margins expanded to 7.8% and PAT rose 45.2% YoY to Rs. 96 crore. The company expanded to 214 stores, with Bihar contributing 72% of H1 revenue, followed by Uttar Pradesh (16%) and Jharkhand (11%). AVL entered three new states—Chhattisgarh, Madhya Pradesh, and West Bengal—within six months, accelerating geographic expansion. Same-store sales growth rebounded to 18% in H1FY27, supported by deeper market penetration and customer traction. The presentation noted macro challenges in Q2, including Bihar floods, inflation, and industry-wide price hikes, but AVL maintained strong operational metrics, including a 16.3% gross margin and 3.2% PAT margin. The company emphasized its unique business model, including 85% direct OEM supply, low debt, and efficient inventory management. AVL highlighted growth opportunities in the Hindi Heartland, where Bihar, Jharkhand, and Uttar Pradesh are key markets with rising prosperity and infrastructure investment.

The document emphasizes strong revenue and profit growth, geographic expansion, and favorable market conditions in key regions.