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Business Standard
5 days ago
- Business
- Business Standard
Vishal Mega Mart posts over 37% YoY rise in Q1 PAT; store count rises to 717
Vishal Mega Mart has reported 37.2% rise in consolidated net profit to Rs 206.1 crore on a 21% increase in revenue from operations to Rs 3,140.3 crore in Q1 FY26 as compared with Q1 FY25. For Q1 FY26, the category-wise revenue contribution was 47.4% for Apparel, 27.3% for General Merchandise and 25.1% for FMCG. For the quarter, Own brands contribution to revenue was 75.8%. EBITDA improved by 25.6% to Rs 459.2 crore in Q1 FY26 from Rs 365.6 crore in Q1 FY25. Operating EBITDA margin was 14.6% in Q1 FY26 as against 14.1% in Q1 FY25. Profit before tax in Q1 FY26 stood at Rs 276 crore, up by 37.4% from Rs 200.8 crore in Q1 FY25. As on 30 June 2025, the company operates 717 stores across 472 cities spanning a total retail area of nearly 12.4 million square feet. As on 30 June 2025, the company had a consumer base of nearly 151 million. The company has extended its quick commerce initiative to 670 stores across 445 cities and a registered user base of 9.8 million. Gunender Kapur, managing director and chief executive officer said: In Q1 FY26, we continued to deliver a strong performance in both revenue and profitability and demonstrated the strength of our purpose-led strategy of making aspirations affordable for consumers across geographies in India. Revenue from operations grew by 21% to Rs 3,140.3 crore driven by healthy double-digit SSSG of 10.5% (Adjusted SSSG of 11.4%). Revenue growth YoY is impacted on account of Eid and Ugadi festivals preponement to Q4 FY25 (March25) from Q1 FY26 (April25). Last year, these festivals were in Q1 FY25 (April24). Growth was mainly driven by continued strength of our own brands portfolio, strong footfall and store additions. During the quarter, we added 23 gross new stores, in-line with our store opening momentum. We expanded our presence in South India (Karnataka, Kerala, among others) and opened a new store in Gujarat and Maharashtra each and are encouraged by the early response. We maintained a strong profit margin this quarter, propelled by improved cost efficiencies across the board and the benefits of operating leverage that come with our expanding footprint. Vishal Mega Mart is a leading retail player. It offers products across three major product categories, i.e., apparel, general merchandise and FMCG, through a pan-India network of 717 Vishal Mega Mart stores as of 30 June 2025 and Vishal Mega Mart mobile application and website. The scrip had advanced 1.49% to end at Rs 146.50 on the BSE today.
Economic Times
5 days ago
- Business
- Economic Times
Vishal Mega Mart shares surge 8% after Q1 profit jumps 37% YoY
Vishal Mega Mart's revenue from operations grew 21% YoY to Rs 3,140.30 crore, compared to Rs 2,596.30 crore in Q1FY25. Gross profit stood at Rs 891.30 crore, up 21.6% from Rs 733.10 crore a year ago, translating to a gross profit margin of 28.4%. Synopsis Vishal Mega Mart's shares experienced a surge following the announcement of robust first-quarter FY26 results. The company's Profit After Tax (PAT) witnessed a substantial 37.2% increase, reaching Rs 206.10 crore, while revenue from operations grew by 21% to Rs 3,140.30 crore. This impressive performance reflects the strength of their strategy in providing affordable products to consumers across India. Vishal Mega Mart shares surged 7.7% to an intraday high of Rs 155.45 on the BSE on Thursday after the company reported strong year-on-year (YoY) growth in profitability for the first quarter of FY26. Profit After Tax (PAT) for the April-June period rose 37.2% to Rs 206.10 crore from Rs 150.10 crore in the same quarter last year, with the PAT margin improving to 6.6% from 5.8%. ADVERTISEMENT Revenue from operations grew 21% YoY to Rs 3,140.30 crore, compared to Rs 2,596.30 crore in Q1FY25. Gross profit stood at Rs 891.30 crore, up 21.6% from Rs 733.10 crore a year ago, translating to a gross profit margin of 28.4%. The company's reported EBITDA increased 25.6% to Rs 459.20 crore from Rs 365.60 crore, with the EBITDA margin improving to 14.6% from 14.1% in the corresponding quarter. In terms of segment contribution, apparel accounted for 47.4% of total revenue in Q1FY26, followed by general merchandise at 27.3% and FMCG at 25.1%. As of June 30, 2025, Vishal Mega Mart had a consumer base of approximately 151 million. Own brands contributed 75.8% of the company's revenue during the quarter.'In Q1FY26, we continued to deliver a strong performance in both revenue and profitability and demonstrated the strength of our purpose-led strategy of making aspirations affordable for consumers across geographies in India,' said Gunender Kapur, Managing Director and Chief Executive Officer of Vishal Mega Mart.'The Indian economy remained steady in Q1FY26. Moderation in retail inflation, coupled with favourable tax policie,s is expected to offer relief to household budgets and improve consumer confidence. With our business on a solid footing, we will continue to deliver affordable and aspirational products backed by cost efficiency and focus on execution to create lasting stakeholder value,' he added. ADVERTISEMENT Also read: Zerodha's Nithin Kamath on how a boring, invisible Sebi step brought windfall gains for retail investors Unlock 500+ Stock Recos on App (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) NEXT STORY
Economic Times
5 days ago
- Business
- Economic Times
Vishal Mega Mart shares in focus as Q1 profit jumps 37% YoY
Vishal Mega Mart is set to draw investor attention on Thursday after the company reported strong year-on-year (YoY) growth in profitability for the first quarter of FY26. Profit After Tax (PAT) for the April-June period rose 37.2% to Rs 206.10 crore from Rs 150.10 crore in the same quarter last year, with the PAT margin improving to 6.6% from 5.8%. ADVERTISEMENT Revenue from operations grew 21% YoY to Rs 3,140.30 crore, compared to Rs 2,596.30 crore in Q1FY25. Gross profit stood at Rs 891.30 crore, up 21.6% from Rs 733.10 crore a year ago, translating to a gross profit margin of 28.4%. The company's reported EBITDA increased 25.6% to Rs 459.20 crore from Rs 365.60 crore, with the EBITDA margin improving to 14.6% from 14.1% in the corresponding quarter. In terms of segment contribution, apparel accounted for 47.4% of total revenue in Q1FY26, followed by general merchandise at 27.3% and FMCG at 25.1%. As of June 30, 2025, Vishal Mega Mart had a consumer base of approximately 151 million. Own brands contributed 75.8% of the company's revenue during the quarter.'In Q1FY26, we continued to deliver a strong performance in both revenue and profitability and demonstrated the strength of our purpose-led strategy of making aspirations affordable for consumers across geographies in India,' said Gunender Kapur, Managing Director and Chief Executive Officer of Vishal Mega Mart.'The Indian economy remained steady in Q1FY26. Moderation in retail inflation, coupled with favourable tax policie,s is expected to offer relief to household budgets and improve consumer confidence. With our business on a solid footing, we will continue to deliver affordable and aspirational products backed by cost efficiency and focus on execution to create lasting stakeholder value,' he added. ADVERTISEMENT Also read: Zerodha's Nithin Kamath on how a boring, invisible Sebi step brought windfall gains for retail investors Unlock 500+ Stock Recos on App (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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:
