Vishal Mega Mart Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 8 Jul 2026 | Retailing | Market Cap: ₹49.3K Cr
Vishal Mega Mart achieved double-digit same-store sales growth (SSG) across Tier 1, 2, and 3 cities in Q1 FY26, indicating strong growth momentum. Vishal Mega Mart is targeting consistent double-digit same-store sales growth (SSG), aiming to sustain their past performance momentum.
From Vishal Mega Mart Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹103
Market Cap
₹49.3K Cr
P/E Ratio
55.3
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Vishal Mega Mart Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.1K Cr, net profit ₹168 Cr.
Full financials →📊 Revenue & Sales Performance
- →Vishal Mega Mart achieved double-digit same-store sales growth (SSG) across Tier 1, 2, and 3 cities in Q1 FY26, indicating strong growth momentum.
- →Growth largely driven by increased footfall and new customer acquisition, suggesting market share gains.
- →Expansion ongoing with 23 new stores opened recently, including smaller format stores in Uttar Pradesh and Haryana, aimed at capturing smaller towns.
- →Quick commerce initiative growing, now servicing 670 stores and 445 cities with ~10 million registered customers, contributing up to 6%-8% of some store revenues.
- →Focus on upgrading customers to higher price points to increase average bill value.
- →Commitment to consistent double-digit SSG performance with disciplined execution.
- →Operating leverage and growth investments expected to support continued margin improvement alongside revenue growth.
📈 Profitability & Margins
- →Vishal Mega Mart is targeting consistent double-digit same-store sales growth (SSG), aiming to sustain their past performance momentum.
- →Operating leverage benefits are expected to continue, contributing to gradual improvements in EBITDA margins by around 0.1% to 0.3% per quarter.
- →Gross margins are expected to remain largely flat, with any improvements reinvested back into growth and quality enhancement of the business.
- →PAT margins have shown improvement already (from 5.8% to 6.6% and adjusted from 6.0% to 6.9%) indicating profitability growth alongside revenue growth.
- →Expansion with 23 new stores this quarter and entry into new markets (Maharashtra and Gujarat) signal growth in operating earnings and scale.
- →Growth driven mainly by increased footfall and new customer acquisition, supporting incremental profits and EPS growth.
- →Management’s medium-term view implies sustained operating profit expansion aligned with strategic store expansion and operational efficiency.
🏗️ Capital Expenditure Plans
- →Vishal Mega Mart is actively expanding its store base, having opened 23 new stores recently, with plans to continue store expansion, including accelerating rollout of smaller format stores (about 50% size of regular stores) in smaller towns like Uttar Pradesh and Haryana.
- →The company is right-sizing some stores in Karnataka where store sizes are larger than necessary.
- →New stores have been opened in Gujarat (Naroda Ahmedabad and Anand) and Maharashtra (Pune Talegaon), with plans to seek additional properties based on encouraging early performance.
- →The QuickCommerce business has expanded to 670 stores across 445 cities, with ongoing investments to enhance online-offline stock fungibility and reach new customers.
- →Operating leverage benefits and improved gross margins are being reinvested into growth and quality improvements.
- →Investment is also being made to upgrade safety systems, such as fire management systems across stores.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Vishal Mega Mart Ltd Q1 FY26 results?
Vishal Mega Mart achieved double-digit same-store sales growth (SSG) across Tier 1, 2, and 3 cities in Q1 FY26, indicating strong growth momentum. Vishal Mega Mart is targeting consistent double-digit same-store sales growth (SSG), aiming to sustain their past performance momentum.
What is Vishal Mega Mart Ltd share price analysis?
Vishal Mega Mart Ltd currently shows a neutral. The stock trades at a P/E of 55.3 with a market cap of ₹49,284 Cr. Investors should review the full earnings analysis for detailed insights.
Is Vishal Mega Mart Ltd planning capital expenditure?
Vishal Mega Mart is actively expanding its store base, having opened 23 new stores recently, with plans to continue store expansion, including accelerating rollout of smaller format stores (about 50% size of regular stores) in smaller towns like Uttar Pradesh and Haryana.
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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.