1:5 Stock Split In Due Course: Rajnish Retail Reports Stellar Earnings For Q1FY25; PAT Jumps 61% QoQ

Rajnish Retail Ltd. (BSE: 530525) has announced stellar earnings for the quarter ended 30 June 2024. For the quarter ended 30 June 2024, the revenue from operations was reported at Rs. 1333.67 Lakhs, a growth of 231% QoQ. EBITDA jumps 49% QoQ, from Rs. 45.97 Lakhs (Q4FY24) to Rs. 68.69 Lakhs (Q1FY25). PAT grew 61% QoQ and was reported at Rs. 51.52 Lakhs (Q1FY25).

Rajnish Retail Limited has achieved significant milestones, demonstrating robust performance across all key metrics. Further, the revenue has seen impressive year-on-year growth as well, driven by strategic expansion and a customer-centric approach. The company now provides an extensive selection of over 100+ high-quality products in multiple states.

The company has invested in cutting-edge technology and enhanced its supply chain efficiency, ensuring seamless operations and superior product availability. The company's expansion into new markets and the introduction of diverse product lines have been pivotal in driving its success. Looking ahead, Rajnish Retail Limited is committed to maintaining this growth trajectory. The company has ambitious plans to further penetrate the FMCG sector, leveraging its extensive distribution network and strong brand reputation. Our strategic vision includes expanding the product portfolio, strengthening the retail presence, and embracing digital transportation and sustainable practices.

Earlier, the board approved the sub-division/split of 1 equity share into 5 equity shares, subject to the approval of the Members of the Company and other regulatory / statutory approvals as may be required. The record date for the sub-division of equity shares shall be decided by the Board and will be intimated to the stock exchanges after receipt of approval of the members.

The board further approved the offer, issue and allotment of up to 690,000 convertible warrants, each convertible at an issue price that may be decided by the Preferential Issue Committee to promoters and/or non-promoters through preferential issue, subject to the approval of the shareholders and other authorities under applicable laws.

Recently the company expanded its portfolio by venturing into the beauty and wellness industry with the launch of a new salon. This strategic move is aimed at diversifying our business and capitalizing on a growing market. Urban Salon, a brand of Rajnish Retail Limited, has started a new Shop in Evershine Nagar, Malad District of Mumbai. Urban Salon has opened a beauty and wellness shop. The beauty and wellness industry is witnessing robust growth, driven by increasing consumer spending on personal care and grooming services. The salon will be equipped with state-of-the-art amenities and staffed by experienced professionals committed to delivering exceptional service.

Rajnish Retail Limited is a renowned name in the FMCG, retail sector and Urban Family Salon, known for its wide range of high-quality products and exceptional customer service. With a strong presence across the country, we are committed to innovation, sustainability, and continuous growth.

Mr. Rajnishkumar Singh, the visionary behind Rajnish Wellness Ltd.'s success with Dava Discount stores, had earlier completed the acquisition of Rajnish Retail Ltd. Mr. Rajnishkumar Singh is the Promoter, Founder and Managing Director of Rajnish Wellness Limited, a company that got listed on the Bombay Stock Exchange in the year 2018.Previously the market capitalization of the company has touched Rs. 900 Crores. He has extensive experience in the retail sector, with demonstrated success in his past endeavors. He has consistently demonstrated an assertive approach and exhibited a willingness to undertake calculated risks in the development of innovative and unique products.