CKK Retail Mart IPO

C K K Retail Mart distributes packaged agro-commodities — sugar, rice and pulses — along with packaged milk powder and soft drinks, both carbonated and fruit-based. It sells into super stockists, distributors, wholesalers and traders across Maharashtra, Bihar, West Bengal and the north-eastern states, and lists products on the quick-commerce platforms Zepto and Blinkit. About three-quarters of FY25 revenue (₹22,496.93 lakh of ₹30,118.67 lakh) came from goods sold under its own brands; the remainder was non-branded. In April 2025 it launched FruitzzzUp, a fruit-pulp juice brand. The company owns no plant — third-party manufacturers make and pack the goods. It had 36 employees on 31 December 2025 and occasionally takes consultancy assignments. Incorporated in 2005, it began trading operations only in FY2020-21.

Revenue is the spread on goods bought in and resold: purchase of stock-in-trade was ₹29,835.25 lakh against revenue from operations of ₹30,118.67 lakh in FY25, leaving an EBITDA margin of 7.50% and a PAT margin of 5.43%. The three-tier super-stockist channel carried 91.23% of FY25 revenue. Super stockists pay upfront, which removes credit risk and shortens the working-capital cycle, but the prospectus states they buy at a significant discount, so realisation per unit — and therefore gross margin — is structurally thin. There is no owned manufacturing, no binding long-term contract with the third-party manufacturers, and no formal supply agreement with super stockists or distributors.