CKK Retail Mart claims to have built long-standing relationships with its suppliers, which it states help in the timely and efficient sourcing of products. As of September 30, 2025, the company reports having a network of 23 distributors and 15 super stockists, enabling wider market access across several Indian states.
The company operates through a three-tier distribution model as well as a direct-to-distributor model. It claims that the super-stockist-led structure allows upfront payments, which helps reduce credit risk and working capital requirements while supporting higher-volume distribution.
CKK Retail Mart offers a diversified range of packaged products, including sugar, rice, pulses, milk powder, and soft drinks. This diversification enables the company to cater to multiple customer segments and adjust its product mix in response to demand trends.
The company claims to have expanded its product portfolio beyond agro-commodities by entering the beverage segment, including carbonated drinks, and launching its fruit pulp-based juice brand, “FruitzzzUp,” in April 2025. The sales of carbonated beverages increased from nil in FY23 to Rs 0.05 crore in FY24 and further to 0.28 crore in FY25.
CKK Retail Mart has a geographically diversified revenue base, with domestic sales across states such as Maharashtra, West Bengal, Bihar, and select north-eastern regions. It also reports export sales to markets including the UAE, Tanzania, and Singapore.
The company is registered and licensed with the Food Safety and Standards Authority of India (FSSAI) under the Food and Drugs Control Administration of Maharashtra.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 103.27 crore in FY23 to Rs 233.02 crore in FY24 to Rs 301.19 crore in FY25, while PAT increased from Rs 4.51 crore in FY23 to Rs 12.67 crore in FY24 to Rs 16.36 crore in FY25.
The company derives a sizable portion of its revenue from sugar trading. Revenue from sugar stood at Rs 159.33 crore (99.94%) for the period ended September 30, 2025, Rs 300.52 crore (99.78%) in FY25, Rs 226.48 crore (97.19%) in FY24, and Rs 100.20 crore (97.02%) in FY23. Any adverse changes in sugar prices, government policies, climatic conditions affecting sugarcane output, or global sugar market dynamics can materially impact the company’s business and financial performance.
The sugar industry in India is highly regulated, with frequent interventions such as export bans, stock limits, pricing controls, and changes in subsidy structures. Any adverse changes in government policies, including restrictions on sugar exports or revisions in pricing mechanisms, can negatively affect the company’s revenues, margins, and growth prospects.
The company is dependent on a limited number of suppliers for its agro-commodities. Purchases from the top five suppliers accounted for 80.18% of total purchases for the period ended September 30, 2025, 65.64% in FY25, 88.54% in FY24, and 97.03% in FY23. Any disruption, delay, or deterioration in relationships with these suppliers could adversely affect product availability, pricing, and order fulfilment, which may negatively impact the company’s business and financial performance.
A significant portion of the company’s revenue is derived from a limited number of customers. Revenue from the top 10 customers amounted to Rs 144.47 crore (90.62%) for the period ended September 30, 2025, Rs 269.79 crore (89.58%) in FY25, Rs 207.21 crore (88.92%) in FY24, and Rs 102.93 crore (99.67%) in FY23. Any loss of key customers or reduction in demand from them can materially affect the company’s revenues and cash flows.
The company recorded negative operating cash flows of Rs 2.08 crore in FY23. It also reported negative investing cash flows of Rs 16.45 crore for the period ended September 30, 2025 and Rs 3.45 crore in FY24. Additionally, negative cash flows from financing activities amounted to Rs 0.01 crore for the period ended September 30, 2025, Rs 0.01 crore in FY25, and Rs 0.04 crore in FY24. If cash outflows continue to exceed inflows, the company may face liquidity challenges.
The company’s working capital requirement is projected to increase from Rs 25.60 crore in FY25 to Rs 110.51 crore by FY27, driven by higher inventories and receivables. Inability to fund these requirements through internal accruals or IPO proceeds may strain liquidity and operations.
The company does not own manufacturing facilities for its beverage products and relies on third-party manufacturers. Any disruption in these arrangements, quality issues, or cost increases could adversely affect product availability, brand reputation, and margins.
The company, its promoters, and group companies are involved in certain legal proceedings, with matters involving amounts aggregating to over Rs 22.31 crore at the group company level. Any adverse rulings or penalties in these cases may impact the company’s reputation, financial condition, and investor confidence.