Vishal Mega Mart IPO

Incorporated in 2001, Vishal Mega Mart is a one-stop shopping destination for middle and lower-middle-income groups in India. The company offers a diverse range of products, including apparel, general merchandise and fast-moving consumer goods (FMCG), through both its own brands and third-party brands. It operates through a network of 645 Vishal Mega Mart stores (as of September 30, 2024), a mobile application and a website. In FY24, six of the company’s own brands exceeded sales of ₹500 crore each, while 19 brands reported sales of above ₹100 crore each. Meanwhile, own brand sales grew at a CAGR of 27.72% between FY22 and FY24, accounting for 72.86% of overall revenue in the six months ending September 30, 2024. Adjusted same-store sales growth grew by 12.57% during the same period.