Aditya Vision Limited is a prominent India-based multi-brand consumer electronics retail chain. The Company is primarily engaged in the retail business of electronic products including Consumer Electronics, home appliances, mobility, and information technology (IT) products. Incorporated in 1999, Aditya Vision Ltd has evolved into a service-oriented electronic retail chain, particularly strong in Bihar, dealing in a wide array of consumer durables.
Aditya Vision Ltd operates as a multi-brand consumer electronics retail chain across India, offering an extensive selection of over 10,000 products from renowned brands. The company also provides value-added services such as extended warranties and after-sales support. Aditya Vision has carved a niche for itself in the Hindi heartland, with a significant presence in Bihar and Uttar Pradesh, catering to customers in tier-3 and tier-4 cities where consumer electronics penetration is on the rise.
The company currently operates 179 showrooms across its service areas. Aditya Vision has been aggressively expanding its retail footprint, with recent openings including four showrooms in Lucknow, Uttar Pradesh, and three new showrooms in Sheikhpura, Lucknow, and Raebareli. This strategic expansion is a testament to the company's commitment to deepening its presence in high-growth markets.
Aditya Vision's diverse product portfolio encompasses over 10,000 items, ranging from Digital Gadgets like Mobile Phones, Laptops, and Tablets to Entertainment Solutions such as Televisions, Sound Bars, Home Theaters, Cameras, and Accessories. The company also offers a comprehensive range of Home Appliances like Air Conditioners, Refrigerators, and more, positioning Aditya Vision as a one-stop destination for all consumer electronics needs.
- Market Cap: ₹ 4,607 Cr.
- Current Price: ₹ 358
- Stock P/E: 42.5
- Book Value: ₹ 45.4
- Dividend Yield: 0.31%
Aditya Vision demonstrated strong financial growth in the fiscal year ended March 2025.
- Sales: Sales rose by 29.63% to Rs 2259.77 crore in FY25, compared to Rs 1743.29 crore in the previous fiscal year (FY24).
- Net Profit: Net profit increased by 36.88% to Rs 105.49 crore in FY25, up from Rs 77.07 crore in FY24.
The company also showed remarkable momentum in Q4 FY25:
- Quarterly Sales: Sales increased by 29.55% to Rs 486.69 crore in the quarter ended March 2025, from Rs 375.67 crore in the same quarter of the previous year.
- Quarterly Net Profit: Net profit saw a significant jump of 103.57% to Rs 15.98 crore in Q4 FY25, compared to Rs 7.85 crore in Q4 FY24.
Aditya Vision has exhibited robust revenue growth, achieving 30% year-on-year for the first nine months of FY'25. This growth is primarily driven by its strategic retail expansion, with a particular focus on Uttar Pradesh, where market conditions are favorable for expansion. While profitability growth has faced challenges due to rising operating costs associated with new store openings, the company maintains an optimistic outlook, emphasizing operational efficiencies and a commitment to sustainable EBITDA margins.
The company's strategic focus on the Hindi heartland markets presents substantial growth opportunities. The consumer electronics market in India remains under-penetrated, especially in Tier 3 and Tier 4 cities within the Hindi Heartland. These regions are experiencing immense growth potential and strong demand, bolstered by significant improvements in power infrastructure, which is crucial for the adoption of electronics and appliances.
The retail sector is experiencing rapid growth, outpacing many other sectors. This is partly due to the availability of easy finance options, such as zero-cost EMIs offered by NBFCs and Banks, which are supported by OEMs. Large Appliances like TVs, refrigerators, ACs, and washing machines are aspirational products that typically involve family purchase decisions. Customers often visit stores for a "touch and feel" experience, which reduces the appeal of purely online purchases. Furthermore, Aditya Vision maintains a highly competitive edge through its competitive pricing strategy and its ability to provide instant delivery of purchased products to customers.
The management team includes Rashi Vardhan, Akanksha Arya, Rahul Kumar, Apeksha Agiwal, Nusrat Syed Hassan, Atul Sinha, Ravinder Zutshi, Sunita Sinha, Yosham Vardhan, Nishant Prabhakar, Yashovardhan Sinha. The Promoter Holding of 53.2% reflects a strong promoter commitment to the business and its growth.
Aditya Vision Ltd is listed on the BSE with a BSE Code of 540205 and on the NSE with an NSE Symbol of AVL. The company migrated to the BSE mainboard in January 2021 and is set to debut on the NSE Mainboard on November 6, 2024. The ISIN for the company is INE679V01027.
Aditya Vision has set 8th July 2025 as the record date for determining the eligibility of shareholders for dividend payments. The company has approved the audited FY25 results and recommended a dividend of 110%.
The company's strong financial performance, strategic expansion in underserved markets, and focus on delivering comprehensive consumer electronics solutions position it favorably for continued growth in India's dynamic retail landscape. With a robust store network and deep market penetration in key growth regions, Aditya Vision is well-equipped to capitalize on the increasing adoption of consumer electronics in tier-3 and tier-4 cities.
