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Vishal Mega Mart share price & results

Vishal Mega Mart Limited· Consumer Services· Consumer Discretionary

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Pan-India value-retail chain selling apparel, general merchandise and FMCG to middle and lower-middle income shoppers.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue3,399 ₹ crore+14.0% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin12.0 %−1.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit158 ₹ crore+3.9% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity11.37 %+1.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin10.07 %−0.6 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)17.83 %+0.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

5 of 6 judged targets kept · 5 open · verdicts reflect calls analysed to Q1 FY27.

Vishal Mega Mart Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (5 achieved, 1 missed, 5 open).

TargetOriginal wordingSaidLatest callVerdict
New Store Additions (FY26)in the same ballpark as 90 stores
Call transcript, Q4 FY25 · 30 Apr 2025		Q4 FY25Q1 FY27:This promise pertained to FY26 and was successfully achieved. The promise is concluded.
Call transcript, Q1 FY27 · 23 Jul 2026		Achieved
Quick Commerce Profitabilityclose to a cash breakeven
Call transcript, Q4 FY25 · 30 Apr 2025		Q4 FY25Q1 FY27:Ghosted. Management provided an update on revenue contribution from quick commerce (5-9% of store revenue) but again did not comment on its profitability or progress towards cash breakeven.
Call transcript, Q1 FY27 · 23 Jul 2026		Ghosted
Total Sales Growthabout 19% to 20%
Call transcript, Q3 FY26 · 28 Jan 2026		Q3 FY26Q1 FY27:On track. Revenue grew 18.7% YoY, slightly below the guided '19% to 20%' range. Given the inflationary environment and strong absolute growth, this is considered on track for the medium-term guidance.
Call transcript, Q1 FY27 · 23 Jul 2026		On Track

Source: Inve Guidance Tracker for Vishal Mega Mart Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Vishal Mega Mart Limited's 11 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹88.7 +1.55% · +₹1.35

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −40.2% 1Y

₹100₹120₹140Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 28 Jan 2026Q4 FY26 — 15 May 2026Q1 FY27 — 23 Jul 2026Q2 FY27 — 21 Oct 2026

1Y: ₹148.29 on 24 Oct 2025 → ₹88.7. High ₹148.29 (24 Oct 2025), low ₹87.35 (23 Oct 2026).

Previous close
₹87.35
Market cap
₹41.6k Cr
52-week range
₹87.35 – ₹147.9
One year
−40.03%
Price to earnings (TTM to Sept 2026)
46.27×
Return on equity (TTM to Sept 2026)
11.37%

Overview

Symbol
NSE:VMM
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Vishal Mega Mart Limited does

Based on the company's own presentations, annual report and earnings calls.

Vishal Mega Mart operates a chain of large-format value-retail stores across India, offering apparel, general merchandise and FMCG products through a mix of own (private-label) brands and third-party brands. It reaches customers both through its physical store network and its mobile app and website, with own brands forming the bulk of what it sells. The company also runs a mobile-first loyalty programme and a hyperlocal quick-commerce delivery service from a subset of its stores.

Segments

  • Apparel
  • General Merchandise
  • FMCG
Store network
795 stores (as of Mar 2026)
Cities and states covered
535 cities across 28 states and 2 union territories
Retail area
13.45 million sq. ft.
Own-brand portfolio
26 own brands
Store mix by city tier
401 Tier I, 205 Tier II, 189 Tier III stores
Loyalty programme members
~169 million registered loyalty customers
Founded 2018Headquarters Gurugram, Haryana, India Company website

How the price took the results

close before → close after

Q2 FY27
−4.7%
21 Oct
Q1 FY27
−1.9%
23 Jul
Q4 FY26
+1.0%
15 May
Q3 FY26
−4.1%
28 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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