Arthneeti

Vishal Mega Mart Q2 FY27 Share Price & Earnings Call Analysis

₹90.70+2.02% today
Market cap
₹42,491 Cr
P/E
47.35
ROE
12.17%
PEG
1.21
Price to sales
3.05
Debt to equity
0.27
52W high / low
₹143 / ₹84.4
Sales growth (5Y)
23.72%
EBITDA margin
14.28%
Net profit margin
6.51%
Promoter holding
40.02%
Sales (last year)
₹13,910 Cr

Incorporated In 2001, Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.[1]

Guidance scorecard · Q2 FY27 call

What Vishal Mega Mart's management guided
and where it ranks in Retailing

#21of 29 in
Retailing
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Vishal Mega Mart reported an 18.7% revenue growth in Q1 FY27, with a strong 10% same-store sales growth, indicating resilience amid a challenging environment.
  • The company expects inflationary impacts on demand to taper in subsequent quarters, suggesting a more favorable sales environment ahead.
  • Expansion continues with 27 new stores opened in the quarter, including 16 small-format stores, targeting growth in smaller towns and markets.
  • Quick commerce channels show promising contributions (5-10% of store revenue), with 20% of quick commerce customers being new to Vishal, driving incremental sales.
  • Private brands, contributing 75%+ to revenues, remain a growth driver, with increasing customer adoption in both offline and quick commerce channels.

2 more points from Vishal Mega Mart's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Vishal Mega Mart said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Continued rollout and implementation of RFID technology across stores for better inventory management and shrink reduction; full rollout expected to take slightly over 1 year.
  • Expansion plans for the small store format primarily in Uttar Pradesh and Haryana, with planned acceleration of small format store openings; opportunity for approximately 3,000 small format stores countrywide.
  • Launch of new store formats underway with pilot stores about to be launched.

2 more points from Vishal Mega Mart's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Ask what Vishal Mega Mart said on fundraising →

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Vishal Mega Mart said on the order book →

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. Urban CompanyGood growth
    3
See all potential multibaggersWhere does Vishal Mega Mart 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₹5,646 Cr50.3
240%+Flat₹5,378 Cr32.8
3Urban Company20–40%Up 0–2%₹23,567 Cr—
420–40%Up 0–2%₹6,863 Cr53.2
520–40%Up 0–2%₹799 Cr19.2
620–40%Flat₹3.32L Cr672.7

Sign up free to see every company in the sector ranking and track Vishal Mega Mart.

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

Financials of Vishal Mega Mart

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

Shareholder Pattern

Vishal Mega Mart

Shareholding breakup across reporting periods.

Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +76.02%74.55%54.22%54.11%54.09%40.12%40.09%40.02%
FIIs +6.58%7.03%12.85%15.40%15.52%22.01%20.43%18.75%
DIIs +9.90%12.22%27.31%25.42%25.47%32.74%34.80%36.45%
Public +7.51%6.20%5.61%5.08%4.92%5.13%4.68%4.77%
No. of Shareholders9,33,2277,39,8676,62,9066,74,2006,52,3526,41,3096,25,5676,43,004

Financials of Vishal Mega Mart

Quarterly Results

Quarter-by-quarter operating performance

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2,6242,0692,5962,4363,1362,5483,1402,9813,6703,1143,7273,399
Expenses +2,1971,8182,2312,1342,6312,1912,6812,5873,0652,6893,1822,986
Operating Profit427251366302505357459395605425545412
OPM %16%12%14%12%16%14%15%13%16%14%15%12%
Other Income +1078131919172025253338
Interest333634343149414143464647
Depreciation132136138141141171159169168178185192
Profit before tax27285201141352156276204419225346211
Tax %25%28%25%26%25%26%25%25%25%25%25%25%
Net Profit +20561150104263115206152313168259158
EPS in Rs0.460.140.330.230.580.250.440.330.670.360.550.34

Financials of Vishal Mega Mart

Profit & Loss

Annual income statement trend

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +5,2924,4525,5897,5868,91210,71612,90613,910
Expenses +4,6353,8274,7636,5427,6359,15310,98811,923
Operating Profit6576258261,0441,2761,5641,9181,987
OPM %12%14%15%14%14%15%15%14%
Other Income +201166233325684121
Interest236232213185170180204183
Depreciation340346406461517590673723
Profit before tax1011632704316218491,1251,202
Tax %55%27%25%25%26%26%25%
Net Profit +45119203321462632839897
EPS in Rs0.100.260.450.711.021.371.801.92
Dividend Payout %0%0%0%0%0%0%0%

Financials of Vishal Mega Mart

Balance Sheet

Capital structure and asset base

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital4,3664,4844,5034,5074,5094,5974,6734,685
Reserves-1431053226501,1131,8042,7403,211
Borrowings +7937701,7901,4621,4831,7291,9882,123
Other Liabilities +2,3772,5471,6031,6711,4011,8622,0482,623
Total Liabilities7,3927,9058,2188,2898,5069,99311,44912,642
Fixed Assets +5,7364,6435,8025,8936,1836,5356,8827,034
CWIP2011116938143446
Investments875474173503871,1191,888
Other Assets +1,5492,7041,9882,2932,2843,0573,4153,674
Total Assets7,3927,9058,2188,2898,5069,99311,44912,642

Financials of Vishal Mega Mart

Cash Flows

Operating, investing and financing cash movement

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +5571,0546576368301,3991,621
Cash from Investing Activity +-149-69527177-130-610-988
Cash from Financing Activity +-429-276-710-865-658-479-500
Net Cash Flow-2284-26-5241310133
Free Cash Flow3879505004175831,1381,299
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit94%172%88%73%77%105%102%

Financials of Vishal Mega Mart

Ratios

Working capital efficiency and return ratios

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days0000121
Inventory Days10611011198838880
Days Payable10214413399697064
Cash Conversion Cycle4-34-22-0152017
Working Capital Days-17-38-40-161-3-5
ROCE %8%8%9%11%14%15%

Guidance history

How Vishal Mega Mart's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
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.

6out of 100

Momentum score · price trend

6 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−38.6%13%
Last 6 months−29.0%9%
Last 3 months−20.1%19%

The price is 42% below its all-time high of ₹153.18 (9 Sept 2025). Stocks more than 20% below their peak have their score halved, so 12 became 6.

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 Vishal Mega Mart: 0.4 × 13 + 0.4 × 9 + 0.2 × 19 = 12, halved to 6 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 2 Nov 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 Vishal Mega Mart's management said in earlier quarters

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