I-Sec maintains Buy call on Vishal Mega Mart, target price Rs 140
ICICI Securities
has a
Buy call
on
Vishal Mega Mart
with a target price of Rs 140. The current market price of Vishal Mega Mart is Rs 118.85.
Financials
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villas Prices In Dubai Might Be More Affordable Than You Think
Villas In Dubai | Search Ads
Get Quote
Undo
Vishal Mega Mart delivered a strong Q4FY25 performance despite a challenging demand environment, with revenue/ EBITDA/ PAT growth of 23%/ 43%/ 88% exceeding our expectations. The performance was driven by double-digit SSSG (13.4% YoY) and an addition of 28 stores QoQ (85 stores in FY25). For FY25, revenue/ EBITDA/ PAT grew 20%/ 23%/ 37% with SSSG of 11.8%. Adj. EBITDA margin (pre-INDAS and ESOP) expanded 240bps YoY to 8.2% and reported EBITDA margin was at 14% (up 190 bps YoY; ~70bps impact due to ESOPs). ICICI Securities expects Vishal mega Mart to maintain its strong momentum, supported by aggressive store expansion and a focus on value-driven pricing.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
default
, selected
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
Investment Rationale
The key drivers are Vishal Mega Mart's high share of private label products (~73% of sales), lean cost structure, efficient supply chain, and a highly loyal customer base (contributing ~95% of revenue). ICICI Securities retains its positive outlook and maintains a BUY rating, as the company remains well positioned for sustained and profitable growth.
Live Events
The brokerage maintains its earnings estimates for FY26E/FY27E, modelling revenue/ EBITDA/PAT CAGR of 18%/19%/26% over FY25-27E. They maintain a BUY with a DCF-based unchanged target price of Rs 140. The key risks are slower-than-expected store addition and SSSG, exit of key managerial personnel and customer shifting towards convenience (quick commerce).
Promoter/FII Holdings
Promoters held 74.55 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.03 per cent, DIIs 12.18 per cent.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
22 minutes ago
- Time of India
CBSE releases dates for Tier-2 exam, typing test for Superintendent and Junior Assistant posts: Check official notice here
The Central Board of Secondary Education ( CBSE ) has announced the schedule for the Tier‑2 written examination and typing/skill test for recruitment to the posts of Superintendent (Group B) and Junior Assistant (Group C). This schedule follows the completion of the Tier‑1 examination conducted in April 2025. The Tier‑2 exam, applicable only to Superintendent candidates, is set to take place on July 5, 2025, in Delhi. Meanwhile, the typing/skill tests for both posts will be conducted subsequently, with detailed instructions to be released on the official CBSE website. The typing test for Junior Assistant posts will be held between June 3 to 5, 2025. The exact date for the skill (typing) test will be released shortly. Reimbursement for CBSE tier 1 candidates As per the official notice, candidates who appeared for the Tier‑1 examination held on April 20, 2025, at centres outside Delhi, Noida, Faridabad, Gurugram, or Ghaziabad will be eligible for reimbursement of to-and-fro travel expenses equivalent to Sleeper Class (Non-AC) train fare. To claim the reimbursement, candidates must submit photocopies of their onward and return journey train tickets, along with a cancelled cheque of their bank account, at the time of the Tier‑2 or Skill (Typing) Test. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The approved fare amount will be directly credited to the candidates' respective bank accounts after verification. Check CBSE's notice here: CBSE announces dates for tier 2 superintendent and junior assistant posts. Who is eligible? Candidates appearing for the Superintendent and Junior Assistant posts must fulfil the following eligibility criteria: Educational Qualifications Superintendent: Bachelor's Degree + computer proficiency + typing speed of 35 words per minute (wpm) in English or 30 wpm in Hindi. Junior Assistant: 12th pass + same typing speed criteria Age Limit (as of January 31, 2025) Superintendent: 18–30 years Junior Assistant: 18–27 years Relaxations apply for SC/ST, OBC, PwBD, women, and other reserved categories For more information about CBSE group B and C exams, candidates are advised to visit . Is your child ready for the careers of tomorrow? Enroll now and take advantage of our early bird offer! Spaces are limited.
Time of India
23 minutes ago
- Time of India
Che_JM_Significant Rise in Shift to Non-Farm Sector Jobs in TN
Chennai: Tamil Nadu is seeing a significant shift from employment in the agriculture sector. A survey conducted between 2012 and 2024 revealed a decline in agricultural dependence and a rise in non-farm jobs due to increased access to higher education and the availability of non-farm employment. While 40% of the population relied on agriculture in 2012, this share dropped considerably. By 2024, it decreased by nearly 20%. In terms of gender distribution, 81% of men are engaged in non-agricultural work. For women, the corresponding figure is 71%. Villages selected for the study were chosen based on their rural non-farm employment rates. Tirunelveli, Thoothukudi, Tenkasi, and Virudhunagar reported relatively higher rates. In contrast, Thanjavur and Pudukottai showed lower rates of rural non-farm employment. The study found that agriculture was the primary occupation in only one village. This indicated that agriculture is no longer the sole occupation for households in rural Tamil Nadu. Non-agriculture is evolving beyond a peripheral activity. It is no longer considered a 'residual' activity, as some studies previously suggested. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Good News: You May Be Richer Than You Think Undo In 2012, 43% of workers were engaged in agricultural work. This figure sharply declined to 22% within a decade. Conversely, the percentage of workers engaged in non-agricultural work increased significantly, rising from 57% to 78% during the same period. Agriculture still provides livelihood for many rural workers, but the shift towards secondary and tertiary sectors is accelerating over the years. Younger workers, aged 15–34, are increasingly transitioning away from agriculture and seeking opportunities in non-farm jobs. Construction is a dominant sector for male workers. Manufacturing remains a significant non-agricultural activity for female workers. This trend is consistent across all age groups. The average annual earning of a non-agricultural labourer is estimated to be Rs 1.39 lakh. In comparison, an agricultural labourer earns an average of Rs 37,577. A self-employed worker in agriculture earns approximately Rs 99,400 annually. The report highlighted disparities in earnings based on caste. "The earnings of non-agricultural labourers belonging to different castes seem to be in alignment with the prevalent caste hierarchy: labourers belonging to Scheduled Castes, in general, earn the lowest," the report said. Mobility for employment is a common phenomenon, with more than half of non-agricultural workers migrating for job opportunities. State Planning Commission Vice-Chairman J Jeyaranjan said the high duration of employment and higher wages in non-farm sectors are significant factors. These advantages neutralise the uncertainties associated with agriculture. "Agriculture has become supplementary now. Non-farm employment has become primary income due to growing importance. The major problem in agriculture is seasonality, and employment for 120 days a year," Jeyaranjan told TOI. EOM// MSID:: 121733500 413 |
Time of India
26 minutes ago
- Time of India
Trump to keep Starlink at White House despite break with Elon Musk
President Donald Trump said on Monday he has no plans to discontinue Starlink at the White House but might move his Tesla off-site, following his announcement over the weekend that his relationship with Elon Musk, the billionaire CEO of both companies, was over. "I may move the Tesla around a little bit, but I don't think we'll be doing that with Starlink. It's a good service," Trump told reporters, referring to the satellite internet company that provides high-speed broadband access. It is a unit of Musk's SpaceX . In March, Trump said he had purchased a red Tesla Model S from Musk, Trump's then-close ally. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Undo Last week, a White House official said Trump might get rid of it after a public feud erupted between the two men. The Tesla was seen parked at the White House over the weekend. On Saturday, Trump said he had no intention of repairing ties with Musk. On Monday, the president said he would not have a problem if Musk called. Live Events "We had a good relationship, and I just wish him well," Trump said. Musk responded with a heart emoji to a video on X showing Trump's remarks. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Last week, Trump and Musk exchanged a flurry of insults after the world's richest man denounced Trump's tax and spending bill as a "disgusting abomination." Musk's opposition has complicated Republican efforts to pass Trump's "big, beautiful bill" in Congress, where the party holds slim majorities in the House of Representatives and Senate. Since the dispute began last Thursday, Musk has deleted some social media posts critical of Trump, including one signaling support for impeaching the president. Sources close to Musk said his anger has started to subside, and they believe he may want to repair his relationship with Trump.
