V-Mart Retail Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Published 25 Aug 2026 | Retailing | Market Cap: ₹6.7K Cr

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's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Price

844

Market Cap

₹6.7K Cr

P/E Ratio

48.1

Revenue Rank

Rank 2

Margin Rank

Rank 3

How does V-Mart Retail rank in Retailing?

Compare V-Mart Retail against every Retailing company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 2Margin: Rank 3
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V-Mart Retail — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹971 Cr, net profit ₹11 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 2
  • 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.
  • Inventory management improvements expected to support sustainable growth.
  • Emphasis on customer proposition, fresher fashion, and improved product mix to sustain average selling price (ASP) and unit per transaction (UPT) growth.

📈 Profitability & Margins

Rank 3
  • 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.
  • Expected positive cash flow generation from operations with controlled expenses and asset-light, debt-free balance sheet.
  • Management acknowledges supply-chain risks due to crude price volatility but is actively managing vendor relationships to secure inventory and timely deliveries.

🏗️ Capital Expenditure Plans

Yes
  • 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.
  • Investments in better analytics and AI integration to optimize assortment and faster trend-to-store supply chain.
  • Continued development of omnichannel capabilities, including LimeRoad marketplace, aiming for sustainable economics and better online-offline integration.

💰 Fundraising & Capital Structure

No information
  • 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.
  • The management emphasizes disciplined expansion focused on profitability and sustainable growth rather than aggressive raising of capital.
  • Overall, there are no current or future plans for raising funds through debt or equity disclosed in this earnings call.

📋 Order Book & Pipeline

No information
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. - Expansion guidance for the year remains at 90+ stores with a healthy store pipeline in place, showing ongoing investment activity. - No specific quantitative figures on order book or pending orders were disclosed in the provided transcript. Hence, no direct data on orderbook or pending orders is available from the supplied pages.

Key Metrics

Revenue

Rank 2

Margin

Rank 3

Capex

Yes

Fundraise

No information

Order Book

No information

Frequently Asked Questions

What were V-Mart Retail 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 share price analysis?

V-Mart Retail currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 48.1 with a market cap of ₹6,675 Cr. Investors should review the full earnings analysis for detailed insights.

Is V-Mart Retail 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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

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