VMART V-Mart Retail Q3 FY26 results (Oct–Dec 2025) and concall
V-Mart Retail delivered a strong Q3 FY26 performance, with post Ind AS EBITDA growing 22% to INR 210 crores and PAT up 23% to INR 88 crores, driven by robust operating leverage and 190 bps margin expansion. Despite weather-related demand disruptions and cautious consumer sentiment, the company maintained healthy inventory, expanded offline gross margins by 70 bps, and added 23 new stores, bringing the total to 554. The Unlimited business showed visible improvement, and the company remains focused on profitable, disciplined expansion and capital efficiency.
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What they filed
Q3 FY26: revenue up 9.6%, net profit up 22.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 661 | 1,027 | 780 | 885 | 807 +22% | 1,126 +10% |
| EBITDA | 39 | 171 | 68 | 126 | 72 +85% | 210 +23% |
| Net profit | -57 | 72 | 19 | 34 | -9 +84% | 88 +22% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
