Quarterly Financial Results
V-Mart Retail Reports Strong Q1 FY27 Results with 23% Revenue Growth and 41% Increase in PAT
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V-Mart Retail Limited reported a strong performance for Q1 FY2026-27, with revenue from operations rising 23% YoY to ₹1,089 crore and Profit After Tax (PAT) increasing 41% YoY to ₹47 crore. The company also improved operating margins, delivered healthy same-store sales growth, expanded its store network, and enhanced inventory efficiency during the quarter.
PRICE-SENSITIVE TRIGGER
Event: Q1 FY2026-27 Financial Results
Type: Quarterly Financial Results
Impact: Positive
Immediate Effect: Strong growth in revenue, profitability and operating efficiency reflects sustained demand, healthy same-store sales growth, and continued expansion of the company’s retail footprint.
Metrics:
Financial Metrics:
- Revenue from Operations: ₹1,089 crore (+23% YoY)
- EBITDA: ₹161 crore (+27% YoY)
- EBITDA Margin: 14.8% (vs. 14.3%; +50 bps YoY)
- PAT: ₹47 crore (+41% YoY)
- PAT Margin: 4.3% (vs. 3.8%; +50 bps YoY)
- Same Store Sales Growth (SSSG): 9% YoY
- Inventory per Store: Down 5% YoY
- Inventory Days: Improved 8% YoY to 86 days
Highlight:
- Revenue from operations increased 23% YoY to ₹1,089 crore, while PAT grew 41% YoY to ₹47 crore, supported by improved operating efficiency and healthy same-store sales growth.
What Happened ?
V-Mart Retail announced its unaudited financial results for the quarter ended June 30, 2026. The company delivered strong growth in revenue, EBITDA and PAT, driven by higher sales, operational improvements and disciplined inventory management. During the quarter, V-Mart continued expanding its retail network while maintaining focus on profitability and inventory efficiency.
key details
Financial Performance:
- Revenue from operations increased 23% YoY to ₹1,089 crore.
- EBITDA grew 27% YoY to ₹161 crore.
- EBITDA margin improved to 14.8%.
- PAT increased 41% YoY to ₹47 crore.
- PAT margin improved to 4.3%.
- Same-store sales growth (SSSG) stood at 9% YoY.
Note:
- Higher operating leverage and improved efficiency contributed to stronger profitability during the quarter.
Operational Updates:
- Opened 15 new stores during the quarter.
- Closed 1 underperforming store.
- Operated 591 stores across 28 states and Union Territories as of June 30, 2026.
- Total retail area expanded to 50 lakh sq. ft.
- Reduced inventory per store by 5% YoY.
- Inventory days improved to 86 days, an 8% YoY improvement.
Note:
- Continued network expansion alongside tighter inventory management strengthened operational efficiency.
Business Highlights:
- Continued execution of the company’s store expansion strategy.
- Strengthened omni-channel presence through the LimeRoad platform and leading online marketplaces.
- The Board-approved final dividend of 10% for FY2025-26 is scheduled for shareholder consideration at the 24th Annual General Meeting on July 30, 2026.
Note:
- The company remains focused on expanding its value-fashion retail presence while improving customer reach across physical and digital channels.
Risk Analysis
Summary:
- Despite strong quarterly performance, the company continues to operate in a competitive retail environment where demand, execution and inventory management remain critical.
Key Risks:
- Consumer spending trends may affect discretionary retail demand.
- Execution risks associated with rapid store expansion.
- Competitive pricing pressure within the value fashion segment.
- Inventory management remains important to protect margins.
- Rising operating costs could impact profitability.
Worst Case:
- A slowdown in consumer demand or weaker performance from newly opened stores could affect revenue growth and operating margins.
Risk Level: Medium
Company Commentary
- Management highlighted robust revenue growth supported by improving operating performance and profitability.
- The company delivered 9% same-store sales growth while improving inventory efficiency.
- V-Mart continued executing its store expansion strategy with 15 new store openings during the quarter.
- The company remains focused on providing affordable fashion through its expanding offline network and omni-channel platform.
Official Exchange Filing: V-Mart Retail Limited
