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Mint
30-04-2025
- Business
- Mint
Vishal Mega Mart share price hits 10% upper circuit after Q4 results; details here
Vishal Mega Mart share price surged 10 per cent to hit its upper circuit of ₹ 118.35 in intraday trade on the BSE on Wednesday, April 30, a day after the company posted strong March quarter (Q4) results. Vishal Mega Mart share price opened at ₹ 112 against its previous close of ₹ 107.60 and jumped 10 per cent to the level of ₹ 118.35. Around 12:10 PM, the stock traded 9.57 per cent higher at ₹ 117.90. After market hours on April 29, Vishal Mega Mart said its Q4FY25 consolidated profit after tax (PAT) soared 88.1 per cent year-on-year (YoY) to ₹ 115.1 crore from ₹ 61.2 crore in the corresponding quarter of the previous financial year. Revenue from operations for the quarter under review jumped 23.2 per cent YoY to ₹ 2,547.9 crore from ₹ 2,068.9 crore in the corresponding quarter last year. Reported EBITDA for the quarter rose 42.5 per cent YoY to ₹ 357.1 crore from ₹ 250.5 crore in Q4FY24. EBITDA margin also increased to 14 per cent in Q4FY25 from 12.1 per cent in Q4FY24. For FY25, the company's PAT jumped 36.8 per cent YoY to ₹ 632 crore and revenue from operations increased 20.2 per cent YoY to ₹ 10,716.3 crore. Reported EBITDA for the year grew 22.6 per cent YoY to ₹ 1,530.2 crore, while EBITDA margin inched up to 14.3 per cent from 14 per cent YoY. The company said that during Q4FY25, 28 net new stores were added, and 85 net new stores were added in FY25, bringing the total number of stores to 696 across 458 cities and a total retail area of nearly 12.2 million square feet. "The company delivered strong operational and financial performance in Q4FY25 and FY25, reflecting sustained momentum across categories. Our performance underscores the strength of our unique strategy and our commitment to making aspirations affordable," said Gunender Kapur, Managing Director and Chief Executive Officer, Vishal Mega Mart. "FY25 also marked our successful entry into the capital markets. As we move forward, our approach remains centred on expanding responsibly, deepening market penetration, and strengthening our private label portfolio. With strong fundamentals in place, we are well-positioned to capture emerging opportunities in India's retail landscape,' Kapur said. Vishal Mega Mart share price has jumped 13 per cent in April so far after a 4 per cent gain in the previous month. Year-to-date, the stock has gained 11 per cent. Vishal Mega Mart shares debuted on the BSE and NSE on December 18, 2024. Since listing, the stock has surged 52 per cent from its issue price of ₹ 78. The stock hit a record high of ₹ 126.85 on February 4 and an all-time low of ₹ 96.05 on February 28 this year. (This is a developing story. Please check back for fresh updates.) Read all market-related news here
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Business Standard
30-04-2025
- Business
- Business Standard
Vishal Mega Mart shares rally 10% on positive Q4 earnings; details here
Shares of Vishal Mega Mart rallied nearly 10 per cent in Wednesday's intraday session on the back of an 88 per cent increase in its profit for the quarter ended March 2025, compared to the corresponding period last year. The hypermarket chain operator's stock rose as much as 9.99 per cent during the day to ₹118.4 per share. The stock pared gains to trade 9.5 per cent lower at ₹117 apiece, compared to a 0.06 per cent decline in Nifty50 as of 10:45 AM. The stock is at the highest level since February 7 this year. The company's counter snapped its two-day gaining streak on Wednesday and has risen over 22 per cent from its recent low of ₹96, which it hit early this month. The stock has risen 11 per cent this year, compared to a 2.9 per cent advance in the benchmark Nifty50. The company has a total market capitalisation of ₹54,249.65 crore, according to BSE data. Vishal Mega Mart Q4 Results breakdown Vishal Mega Mart's net profit rose 88.03 per cent to ₹115.11 crore in the quarter ended March 2025, compared to ₹61.22 crore in the same period of the previous year. Revenue increased 23.15 per cent to ₹2,547.89 crore from ₹2,068.93 crore a year ago. For the full year, net profit grew 36.81 per cent to ₹631.97 crore in the year ended March 2025, compared to ₹461.94 crore in the previous year. Revenue rose 20.25 per cent to ₹10,716.35 crore from ₹8,911.95 crore in the year ended March 2024. Vishal Mega Mart management commentary The company delivered strong operational and financial performance in Q4FY25 and FY25, reflecting sustained momentum across categories, Gunender Kapur, managing director and chief executive officer, said in the press release. "Our performance underscores the strength of our unique strategy and our commitment to making aspirations also marked our successful entry into the capital markets. As we move forward, our approach remains centred on expanding responsibly, deepening market penetration, and strengthening our private label portfolio." Vishal Mega Mart Dalal Street debut Shares of the hypermarket chain operator were listed at ₹110 apiece on the BSE, a premium of 41 per cent over the issue price. On the National Stock Exchange (NSE), the shares were listed at a premium of 33.33 per cent. The Vishal Mega Mart IPO comprised an entirely offer-for-sale (OFS) of equity shares worth ₹8,000 crore. The public offering, priced in the band of ₹74 - ₹78 with a lot size of 190 shares, closed with an oversubscription of 27.28 times, driven by strong demand from Qualified Institutional Buyers (QIBs), who subscribed 80.75 times the quota reserved for them. Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) oversubscribed their respective categories by 14.24 times and 2.31 times, respectively. About Vishal Mega Mart Vishal Mega Mart is a hypermarket chain operating nearly 645 stores across India, offering a wide range of products. It targets middle and lower-middle-income consumers through its stores and online platform. The company has a presence in 414 cities across 28 states and two union territories. As of September 30, 2024, Vishal Mega Mart employed 16,537 people. ALSO READ:
Business Standard
30-04-2025
- Business
- Business Standard
Vishal Mega Mart soars after strong Q4 performance
Vishal Mega Mart jumped 9.53% to Rs 117.85 after the company 88.1% jump in consolidated net profit to Rs 115.1 crore in Q4 FY25 from Rs 61.2 crore in Q4 FY24. Revenue from operations increased by 23.2% year-over-year (YoY) to Rs 2,547.9 crore during the period under review. EBITDA improved by 42.5% to Rs 357.1 crore in the fourth quarter from Rs 250.5 crore posted in the same period last year. EBITDA margin was 14% in Q4 FY25 as against 12.1% in Q4 FY24. Profit before tax in Q4 FY25 stood at Rs 155.7 crore, up by 83.1% from Rs 85.1 crore in Q4 FY24. Vishal Mega Mart has registered 36.8% rise in consolidated net profit to Rs 632 crore on a 20.2% rise in revenue from operations to Rs 10,716.3 crore in FY25 over FY24. As on 31 March 2025, the company operates 696 stores across 458 cities with a total retail area of 12.2 million square feet. For FY25, the category-wise revenue contribution was 44% for apparel, 28% for general merchandise and 28% for FMCG. Own brands contribution to revenue was 73.1% in FY25 as against 71.8% in FY24). The company had a large and loyal consumer base of 145 million as on 31 March 2025. The company extended its quick commerce initiative to 656 stores across 429 cities and had a registered user base of 8.7 million. Gunender Kapur, managing director and chief executive officer, said: The company delivered strong operational and financial performance in Q4FY25 and FY25, reflecting sustained momentum across categories. Our performance underscores the strength of our unique strategy and our commitment making aspirations affordable. Q4 FY25 Revenue was helped by the preponement of the festive demand of Eid and Ugadi, which were in March this year. Last year, these festivals were in April. During the year, we expanded our retail footprint by 85 store additionsbringing our total store count to 696 as of 31 March 2025. Our robust profitability was driven by improved cost efficiencies and the benefits of operating leverage, reflecting our continued focus on disciplined execution and scale-driven productivity. Vishal Mega Mart is a one stop destination for middle and lower- middle income India. The company curates a unique range of merchandize through its portfolio of its own brands and third-party brands. The company offers products across three major product categories, i.e., apparel, general merchandise and FMCG, through a pan-India network of 696 Vishal Mega Mart stores as of 31 March 2025 and Vishal Mega Mart mobile application and website.
Fashion Network
30-04-2025
- Business
- Fashion Network
Vishal Mega Mart Q4 net profit rises 88 percent to Rs 115 crore
Value supermarket chain Vishal Mega Mart reported an 88 percent increase in net profit to Rs 115 crore ($13.5 million), as against Rs 61 crore in the year-ago quarter. The company's revenue for the quarter rose by 23 percent to Rs 2,547 crore, as against Rs 2,069 crore in the corresponding quarter of the previous fiscal year. For the financial year 2025, apparel category was the highest contributor to overall revenue with 44 percent followed by general merchandise and FMCG which contributed 28 percent each. Commenting on the results, Gunender Kapur, managing director CEO of Vishal Mega Mart in a statement said, 'The company delivered strong operational and financial performance in Q4FY25 and FY25, reflecting sustained momentum across categories. Our performance underscores the strength of our unique strategy and our commitment making aspirations affordable.' 'FY25 also marked our successful entry into the capital markets. As we move forward, our approach remains centered on expanding responsibly, deepening market penetration, and strengthening our private label portfolio. With strong fundamentals in place, we are well-positioned to capture emerging opportunities in India's retail landscape,' he added. During the financial year, Vishal Mega Mart opened 85 new stores taking the total store count to 696.
