SDREAMS S D Retail Q2 FY26 results (Jul–Sep 2025) and concall
S D Retail delivered a mixed H1 FY26, achieving robust revenue growth and a positive PAT, driven by strong gross margin expansion and aggressive EBO expansion. However, EBITDA saw a slight decline, and the EBO payback period increased due to upfront investments and a muted consumer demand environment in H1. Management is optimistic for H2 FY26, citing a rebound in demand and continued strategic focus on EBOs and omnichannel presence.
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What they filed
Q2 FY26: revenue up 36.8%, net profit up 100.0% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 57 | 106 | 72 | 101 | 78 +37% |
| EBITDA | -2 | 16 | 2 | 12 | 2 +200% |
| Net profit | -3 | 11 | -1 | 9 | 0 +100% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.





