Vishal Mega Mart promoter to sell 10% stake worth Rs 5,057 crore via block deal: Report
Vishal Mega Mart
promoter entity
Samayat Services LLP
is expected to sell 10% equity in the company via block deals on Tuesday. The deal size is estimated at Rs 5,057 crore and the shares could go under the block at a floor price of Rs 110 per share, which is at a likely discount of 12% over today's closing price of Rs 124.90.
The news was reported by CNBC-TV18 and Vishal Mega Mart shares today ended with an uptick of Rs 1.15 or 0.93%.
by Taboola
by Taboola
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Samayat Services held 74.55% stake in the company as on March 31, 2025.
The midcap company, which has a market capitalisation of Rs 58,096 crore was listed on December 18, 2024.
Vishal Mega Mart shares have rallied 18% in 2025, so far outperforming Nifty which has delivered 5% returns this year. Since its listing the returns stand at 12%.
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Vishal Mega Mart is a diversified retail company in India, primarily operating as a hypermarket chain. Their core business revolves around providing a wide range of products at affordable prices to middle and lower-middle-income groups. They offer products under categories like apparel, general merchandise and Fast-Moving Consumer Goods (FMCG) including groceries, personal care items and household essentials.
The retail chain reported an 88% year-on-year (YoY) rise in net profit to Rs 115.1 crore for the March 2025 quarter, compared with Rs 61.2 crore in the same quarter last year.
Revenue from operations rose 23.2% to Rs 2,547.9 crore in Q4 FY25, up from Rs 2,068.9 crore in Q4 FY24. Operating performance also improved, with EBITDA climbing 42.6% to Rs 357 crore from Rs 250.5 crore in the year-ago period.
EBITDA margin expanded to 14% in the reporting quarter, compared with 12.1% a year earlier. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.
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