{"id":177877,"date":"2026-01-27T07:00:27","date_gmt":"2026-01-27T12:00:27","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=177877"},"modified":"2026-01-27T07:00:27","modified_gmt":"2026-01-27T12:00:27","slug":"aditya-vision-reports-28-revenue-growth-in-third-quarter-following-festive-season-and-gst-reforms","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/aditya-vision-reports-28-revenue-growth-in-third-quarter-following-festive-season-and-gst-reforms\/","title":{"rendered":"Aditya Vision Reports 28% Revenue Growth in Third Quarter Following Festive Season and GST Reforms"},"content":{"rendered":"\n

Aditya Vision Limited (NSE: AVL) The Patna-based consumer electronics retailer expanded its retail footprint to 192 stores during the quarter ended December 31, 2025. The company\u2019s financial performance was supported by strong festive demand and tax rationalization under the GST 2.0 framework.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Demand Drivers<\/h2>\n\n\n\n

The quarter\u2019s performance was supported by strong festive season demand and the rollout of GST 2.0 reforms, which reduced input taxes on air conditioners, televisions above 32 inches and dishwashers from 28% to 18%. The tax cut led to an estimated 7\u20138% decline in retail prices, driving higher volumes across these categories. The company also recorded a one-time statutory expense of \u20b91.53 crore related to the implementation of new labor codes, mainly reflecting increased gratuity provisions following revised wage definitions.<\/p>\n\n\n\n

Financial Performance<\/h2>\n\n\n\n

For the quarter ended December 31, 2025 (Q3 FY26), revenue from operations rose 27.6% year-on-year to \u20b9649 crore, up from \u20b9508 crore in the corresponding period of the previous year. Gross margins improved marginally to 15.8%, aided by a more favorable product mix.<\/p>\n\n\n\n

EBITDA for the quarter stood at \u20b953 crore, a 13.8% increase over the \u20b947 crore reported in Q3 FY25, though EBITDA margins compressed by 99 basis points to 8.2%. Adjusted profit after tax (PAT), which excludes the non-recurring labor code impact, increased 18% year-on-year to \u20b928 crore.<\/p>\n\n\n\n

For the nine-month period (9M FY26), revenue reached \u20b92,047 crore, representing 15.4% growth compared to \u20b91,773 crore in the prior-year period. The company reported a diluted EPS of \u20b97.36 for 9M FY26, compared to \u20b96.96 for 9M FY25.<\/p>\n\n\n\n

 Net profit for the nine months was \u20b995 crore, up 6.3% from \u20b990 crore, while the 9M PAT margin stood at 4.7%. The company\u2019s historical performance shows a revenue CAGR of 36% between FY22 and FY25, with store count growing from 79 to 175 in that same period.<\/p>\n\n\n\n

Business Outlook and Strategy<\/h2>\n\n\n\n

Aditya Vision added four outlets during the third quarter, taking its total store count to 192, and said it remains on track to exceed 200 stores by the end of FY26. Expansion continues to be driven by a cluster-based strategy across core Hindi heartland markets, with planned entry into Chhattisgarh and Madhya Pradesh during the current calendar year. The company is also prioritizing the expansion of premium and emerging product categories to improve store-level economics, while reinvesting cash flows into regions offering higher returns on invested capital.<\/p>\n\n\n\n

Structural Tailwinds<\/h2>\n\n\n\n

India\u2019s consumer durables market continues to benefit from a structural shift from unorganized to organized retail, with the organized segment\u2019s share projected to rise to about 77% by FY27 from 58% in FY21. In the Hindi heartland, supportive macro factors include direct benefit transfers to women, higher disposable incomes following 8th Pay Commission salary revisions, and rising personal loan penetration. Despite recent growth, consumer durable penetration in India remains low at roughly 3%, well below global averages, underscoring a long-term growth runway for established organized retailers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aditya Vision Limited (NSE: AVL) The Patna-based consumer electronics retailer expanded its retail footprint to 192 stores during the quarter ended December 31, 2025. The company\u2019s financial performance was supported by strong festive demand and tax rationalization under the GST 2.0 framework. Demand Drivers The quarter\u2019s performance was supported by strong festive season demand and […]<\/p>\n","protected":false},"author":2382,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392,85],"tags":[8818,10169,9175,14203,14492,10089,8882],"class_list":["post-177877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","category-retail-stocks","tag-consumer-cyclical","tag-earnings","tag-earnings-call","tag-electronic-equipment","tag-financial-results","tag-quarterly-earnings","tag-specialty-retail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":177869,"url":"https:\/\/alphastreet.com\/india\/aditya-vision-net-profit-climbs-13-as-festive-demand-drives-revenue-growth\/","url_meta":{"origin":177877,"position":0},"title":"Aditya Vision Net Profit Climbs 13% as Festive Demand Drives Revenue Growth","author":"Staff Correspondent","date":"January 27, 2026","format":false,"excerpt":"Aditya Vision Limited (NSE: AVL) announced a 12.8% year-over-year increase in net profit for the third quarter ended December 31, 2025, reaching \u20b927 crore. The performance was underpinned by a 27.6% surge in revenue from operations, driven by strong festive season demand and positive volume pick-up following GST rationalization. Despite\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":177872,"url":"https:\/\/alphastreet.com\/india\/aditya-vision-ltd-q3-fy26-profit-rises-as-retail-footprint-expands-stock-reaction-mixed\/","url_meta":{"origin":177877,"position":1},"title":"Aditya Vision Ltd Q3 FY26: Profit Rises as Retail Footprint Expands; Stock Reaction Mixed","author":"Staff Correspondent","date":"January 27, 2026","format":false,"excerpt":"Aditya Vision Ltd (NSE: AVL), the consumer electronics retailer with a deep presence in the Hindi-speaking heartland, reported a 12.8% year-on-year increase in net profit to \u20b927 crore for the quarter ended December 31, 2025, driven by strong festive demand and volume gains following GST rationalization. Revenue from operations rose\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":180261,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-credo-brands-mufti-reports-muted-q3-fy26-performance-amid-industry-slowdown-continues-premiumisation-push\/","url_meta":{"origin":177877,"position":2},"title":"Earnings Summary: Credo Brands’ MUFTI Reports Muted Q3 FY26 Performance Amid Industry Slowdown; Continues Premiumisation Push","author":"Staff Correspondent","date":"February 10, 2026","format":false,"excerpt":"Credo Brands Marketing Ltd (NSE:MUFTI), the owner of the MUFTI menswear brand, operates in India\u2019s mid-premium to premium casual fashion segment, offering apparel designed for contemporary male consumers. The company follows a multi-channel distribution strategy that includes exclusive brand outlets (EBOs), multi-brand outlets (MBOs), large format stores (LFS), and online\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":170755,"url":"https:\/\/alphastreet.com\/india\/aditya-vision-q1-fy26-earnings-results\/","url_meta":{"origin":177877,"position":3},"title":"Aditya Vision Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"August 28, 2025","format":false,"excerpt":"Aditya Vision Ltd, incorporated in 1999, operates as a trading and retail chain for electronic consumer durables in Bihar, providing a range of electronic items and services. Presenting below its Q1 FY26 Earnings Results. Q1 FY26 Earnings Results Revenue: \u20b91,606 crore, up 6.64% year-on-year (YoY) from \u20b91,506 crore in Q1\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"AVL Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AVL.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AVL.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AVL.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AVL.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AVL.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AVL.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":171902,"url":"https:\/\/alphastreet.com\/india\/bata-india-q2-fy26-earnings-results\/","url_meta":{"origin":177877,"position":4},"title":"Bata India Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"October 28, 2025","format":false,"excerpt":"Bata India Ltd, a leading footwear manufacturer and retailer, operates through extensive retail and wholesale networks across India. Financial Summary (Q2 FY26): Revenues declined 4.3% year on year to \u20b9801 crore from \u20b9837 crore. Total expenses increased marginally by 1.27% to \u20b9795 crore from \u20b9785 crore. Consolidated net profit \u00a0plummeted\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"PDS Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/PDS-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/PDS-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/PDS-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/PDS-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/PDS-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/PDS-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":180440,"url":"https:\/\/alphastreet.com\/india\/patanjali-foods-shares-rise-after-q3-fy26-revenue-grows-17-yoy\/","url_meta":{"origin":177877,"position":5},"title":"Patanjali Foods Shares Rise After Q3 FY26 Revenue Grows 17% YoY","author":"Staff Correspondent","date":"February 12, 2026","format":false,"excerpt":"Patanjali Foods Ltd (NSE: PATANJALI, BSE: 500368) reports revenue from operations of \u20b910,483.71 crore in Q3 FY26, up 16.53% year-on-year. Profit before tax stands at \u20b9364.54 crore, translating into a margin of 3.46%. The quarter includes an exceptional item of \u20b930.19 crore related to labor code implementation. For the nine\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2382"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=177877"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177877\/revisions"}],"predecessor-version":[{"id":177880,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177877\/revisions\/177880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=177877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=177877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=177877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}