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V-Mart Retail Ltd

Q1 FY27

V-Mart Retail Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹791

Market cap₹6.3K Cr

P/E45.4

Updated16 Oct 2026

Read4 min read

What the Q1 FY27 call signalled

2 of 3 strong

RevenueGood growth

MarginMargins steady

CapexCapex planned

The short version

Confident in sustaining or improving sales and revenue growth; focus on rupee gross margin growth rather than percentage. V-Mart Retail is confident of sustaining healthy gross margins, focusing on rupee gross margin growth rather than percentage margins.

From V-Mart Retail Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Good growth

Confident in sustaining or improving sales and revenue growth; focus on rupee gross margin growth rather than percentage.
Targeting 3%-5% price increase in ASP with mix changes and inflation impact driving 2%-2.5% price increase.
Unlimited format in South India showing strong momentum with 33% revenue growth and 40% EBITDA growth; aiming for accelerated store additions, especially in Southern market.
Same-store sales growth (SSSG) target around 3%-4% to offset inflationary pressures and enable margin expansion.
Store network expansion continues with 90+ new stores expected annually; disciplined expansion focusing on catchment quality, ROI, and profitability.

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Profitability & Margins

V-Mart Retail is confident of sustaining healthy gross margins, focusing on rupee gross margin growth rather than percentage margins.
The company aims for 3%-5% price increases to balance growth and customer retention.
Same-store sales growth (SSSG) target of 3%-4% is expected to offset inflation and cost pressures, enabling margin expansion.
EBITDA margins improved with operational efficiencies, supported by a 36% year-on-year EBITDA growth in Q1 FY27.
Expansion plans remain aggressive but disciplined, with 90+ new stores planned for the year, focusing on profitability and productivity.
Strong growth in the Unlimited format and Southern market anchor future revenue increases.

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Capital Expenditure Plans

Capex planned

CAPEX for the recent quarter was INR 38 crore, primarily towards new store additions and selective refurbishments.
Expansion guidance for the year remains unchanged at 90+ new stores, with a healthy store pipeline in place.
The company continues disciplined expansion focusing on rental costs, space productivity, and profitability rather than just store count.
Selective store refurbishments are strategically important to stay relevant and attractive in the market.
There is a focus on asset-light, debt-free operations with minimal bank limit utilization.

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Fundraising & Capital Structure

V-Mart Retail Limited currently operates with an asset-light, debt-free balance sheet.
Bank limits utilization is down to near-nil levels.
The company continues with zero long-term debt.
No indication of any ongoing or planned fundraising through debt.
No mention of equity fundraising in the call.

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Order Book & Pipeline

The transcript for V-Mart Retail Limited's Q1 FY 2027 earnings call does not explicitly mention details on the current or expected order book or pending orders. However, related insights include: - Approximately 80% of forward purchases are impacted by crude price fluctuations, indicating active forward buying. - The company is cautious about raw material price increases, trying to balance passing on inflation impact while maintaining consumption. - There is a continued focus on supply chain integration with vendors to ensure timely deliveries.

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V-Mart Retail Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹971 Cr, net profit ₹11 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What V-Mart Retail's management said in earlier quarters

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Frequently Asked Questions

What were V-Mart Retail Ltd Q1 FY27 results?

Confident in sustaining or improving sales and revenue growth; focus on rupee gross margin growth rather than percentage. V-Mart Retail is confident of sustaining healthy gross margins, focusing on rupee gross margin growth rather than percentage margins.

What is V-Mart Retail Ltd share price analysis?

V-Mart Retail Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 45.4 with a market cap of ₹6,292 Cr. Investors should review the full earnings analysis for detailed insights.

Is V-Mart Retail Ltd planning capital expenditure?

CAPEX for the recent quarter was INR 38 crore, primarily towards new store additions and selective refurbishments.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.