Vishal Mega Mart shares hit an all-time high on Thursday, August 14, after the company announced stellar June quarter results.
Vishal Mega Mart on Wednesday reported a 37.2% year-on-year rise in its consolidated net profit to ₹206 crore in the first quarter of financial year 2025-26 (Q1FY26). Its profit stood at ₹150 crore in the same period of the previous fiscal.
The rise in its profit was due to improved cost efficiency across all regions and the benefits of operating leverage that came with its expansion.
The company’s revenue from operations during the quarter under review grew 21% year-on-year to ₹3,140.3 crore as against ₹2,596.2 crore in the June quarter of FY25, the company said in a regulatory filing.
This revenue growth was further fuelled by robust same-store sales growth (SSSG) of 10.5%. Further, the postponement of Eid and Ugadi festivals from April 2025 to March 2025 also impacted revenue growth.
At the operational level, the company’s EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹459 crore in Q1 FY26, up 25.6% from ₹365.4 crore in the same quarter a year ago.
Its EBITDA margin improved to 14.6% in the quarter under review as compared to 14.1% in Q1 FY25.
Subsequently, Vishal Mega Mart shares rose 8% to hit a 52-week high of ₹155.60 per share on the National Stock Exchange. The stock was last trading at ₹147.18 per share, up 2.07%.
During the quarter under review, its category-wise revenue share stood at 47.4% in apparel segment, 27.3% in general merchandise and 25.1% in FMCG.
As of June 30, 2025, the company operates 717 stores across 472 cities with a total retail area of approximately 12.4 million sq ft. In addition, it has a customer base of approximately 151 million.
Commenting on the earnings, Gunendra Kapoor, Managing Director and Chief Executive Officer, Vishal Mega Mart, said, “In the first quarter of FY26, we continued to deliver strong performance in both revenue and profitability, reflecting the strength of our purpose-led strategy to make consumer aspirations affordable across various geographies in India.”
The company’s growth was primarily driven by the continued strength of its brand portfolio, good customer footfall and new customer additions to stores. During the quarter, the company opened 23 new stores. He said the company expanded its presence in South India (Karnataka, Kerala and others) and opened one new store each in Gujarat and Maharashtra.
