Arthneeti

V-Mart Retail Q1 FY27 Share Price & Earnings Call Analysis

₹743.40-2.50% today
Market cap
₹5,916 Cr
P/E
42.66
ROE
14.20%
PEG
0.31
Price to sales
1.49
Debt to equity
1.01
52W high / low
₹862 / ₹477
Sales growth (5Y)
28.65%
EBITDA margin
13.72%
Net profit margin
3.30%
Promoter holding
44.13%
Sales (last year)
₹3,993 Cr

V-Mart Retail is engaged in the business of Value Retailing through the chain of stores situated at various cities in India.

Guidance scorecard · Q1 FY27 call

What V-Mart Retail Ltd's management guided
and where it ranks in Retailing

#10of 29 in
Retailing
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • 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.

2 more points from V-Mart Retail Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what V-Mart Retail Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

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.

2 more points from V-Mart Retail Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what V-Mart Retail Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • 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.
Full Q1 FY27 analysis
Full Retailing ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Retailing
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Entero Healthcare Solutions LtdGood growth
    3
See all potential multibaggersWhere does V-Mart Retail Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Retailing companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹6,264 Cr38.2
240%+Flat₹6,053 Cr53.9
3Entero Healthcare Solutions Ltd20–40%Up 0–2%₹6,899 Cr53.5
420–40%Up 0–2%₹790 Cr19.0
520–40%Flat₹3.14L Cr725.0
620–40%Flat₹1.12L Cr170.8

Sign up free to see every company in the sector ranking and track V-Mart Retail Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Retailing ranking

Financials of V-Mart Retail Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of V-Mart Retail Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +5946795498896697866611,0277808858071,126971
Expenses +571626549769628687622855712759735917865
Operating Profit235211204099391716812672210106
OPM %4%8%0%13%6%13%6%17%9%14%9%19%11%
Other Income +822134523273326
Interest34333638363739421718172119
Depreciation48505358615759635468717880
Profit before tax-52-29-8637-529-58702343-1411313
Tax %-28%-24%-26%23%-25%-30%-3%-3%19%22%-35%22%10%
Net Profit +-37-22-6428-3912-57721934-98811
EPS in Rs-4.67-2.77-8.113.57-4.921.53-7.149.042.344.23-1.1211.081.42

Financials of V-Mart Retail Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +7208091,0021,2221,4341,6621,0751,6662,4652,7863,2543,789
Expenses +6577479171,0901,3011,4489441,4622,1962,5702,8743,276
Operating Profit646285133133214131204269215380513
OPM %9%8%8%11%9%13%12%12%11%8%12%14%
Other Income +0244-44211415193414
Interest4342255597711714213675
Depreciation51919232894103131180222233297
Profit before tax55426711210070-1010-13-13044155
Tax %32%35%34%31%38%29%-36%-12%-40%-26%-4%20%
Net Profit +372844786249-612-8-9746124
EPS in Rs5.183.826.0710.738.506.80-0.791.47-0.99-12.235.7815.61
Dividend Payout %7%8%5%5%5%0%0%13%0%0%0%0%

Financials of V-Mart Retail Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181818181818202020202079
Reserves187213252329391441806830829727790872
Borrowings +312736105175689021,3321,391783958
Other Liabilities +93126185202222248234348562707844871
Total Liabilities3293834915506321,2241,6272,0992,7432,8452,4362,780
Fixed Assets +981101171451656676971,1111,4451,6611,0391,366
CWIP12144226109448
Investments2232723461831912595518
Other Assets +2082383003684025466098571,1791,1761,3881,387
Total Assets3293834915506321,2241,6272,0992,7432,8452,4362,780

Financials of V-Mart Retail Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +404669587686149-11177386349501
Cash from Investing Activity +-19-37-73-8-731-419124-159-118-122-174
Cash from Financing Activity +-20-105-38-4-94287-104-33-259-215-346
Net Cash Flow1-1111-1-8178-15912-20
Free Cash Flow62027103632109-161-101263225344
CFO/OP89%98%110%72%82%52%116%0%72%180%92%102%

Financials of V-Mart Retail Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000000000000
Inventory Days132131140135124155216224199163169145
Days Payable546183735664979711212713172
Cash Conversion Cycle78705762689111912687363973
Working Capital Days3732223836419476381412
ROCE %26%18%25%35%29%18%4%5%5%1%8%13%

Guidance history

How V-Mart Retail Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →10–20%Up 0–2%Planned—Rising
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

31out of 100

Momentum score · price trend

31 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−10.0%49%
Last 6 months+20.6%75%
Last 3 months−2.7%59%

The price is 33.5% below its all-time high of ₹1,118.64 (11 Oct 2024). Stocks more than 20% below their peak have their score halved, so 61 became 31.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For V-Mart Retail Ltd: 0.4 × 49 + 0.4 × 75 + 0.2 × 59 = 61, halved to 31 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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

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