When the monsoon doesn’t stop, neither do excuses. Aditya Vision’s Q2FY26 was soaked in 990mm of Bihar rain, a downpour so heavy even air conditioners took unpaid leave. Yet, Chairman Yashovardhan Sinha called it “a respectable quarter” — the corporate version of “we survived.”
Then Bihar’s Mukhyamantri dropped ₹13,000 crore into women’s accounts, and suddenly, refrigerators and washing machines became empowerment tools. Read on—because between election freebies and festive spending, this quarter’s drama is pure small-town retail cinema. 🍿
2. At a Glance
Revenue up 22% YoY (₹458 crore): Rain didn’t dampen TV shopping — everyone stayed home and bought bigger screens.
PAT up 4.2% (₹13 crore): Margins drizzled but didn’t drown.
EBITDA ₹35 crore, Margin 7.6%: Not bad for a quarter with umbrellas on discount.
SSSG 12%: Consumers returned, armed with GST cuts and fresh pay revisions.
Stores: 188 (9 added): Marching toward 200 like a hyperactive electronics army.
Inventory ₹676 crore: Stocking up for a Diwali that started before the rain stopped.
3. Management’s Key Commentary
“Extended monsoon kept temperatures low and demand softer.” (Translation: ACs had a worse quarter than your umbrella vendor.*) ☔
“The last 9 days of the quarter saw exponential rebound in demand.” (Translation: Indians waited till the GST cut to spend like it’s Black Friday.*)
“Revenue up 22%, PAT up 4.2%.” (Translation: Top line sprinted, bottom line limped.*)
“Inventory stood at ₹676 crore ahead of festive season.” (Translation: Santa came early, in truckloads.*)
“We’ll cross 200 stores by year-end.” (Translation: If it rains, we’ll sell umbrellas too.*)
“Government schemes and pay revisions to boost liquidity.” (Translation: Bihar’s welfare wallet might just buy our washing machines.*)
“EBITDA margins to remain in 8–10% range.” (Translation: No miracles promised—just steady retail yoga.*)
