Vishal Mega Mart Q1 profit jumps 26% YoY to ₹206 crore, revenue jumps 19%; shares fall

The company posted a 25.6% year-on-year (YoY) surge in its consolidated net profit to ₹258.8 crore during the quarter under review, compared to ₹206.1 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26), according to a regulatory filing.

Its revenue from operations increased 18.7% YoY to ₹3,727.10 crore in the quarter ended June 30, 2026, as against ₹3,140.32 crore in the corresponding quarter of the preceding fiscal year.

Category-wise, the company saw Apparels contributing 47.4%, General Merchandise contributing 27.3%, and fast-moving consumer goods (FMCG) contributing 25.2%.

Geographically, North India was its biggest market during the quarter, as it contributed 39.5% to the revenue. It was followed by South India at 23.4%, East India at 28.5% and West India at 8.6%.

For Q1 FY27, its own brand’s contribution to revenue stood at 75.2%.

At an operational level, its reported EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹544.6 crore for the reporting quarter, marking an 18.6% YoY jump from ₹459.2 crore in the June quarter of FY26.

Its EBITDA margin remained stable at 14.6% during the quarter. Furthermore, its same-store sales growth (SSSG) stood at 10% in Q1 FY27.

As of June 30, 2026, the company operated 819 stores across 559 cities spanning a total retail area of approximately 1.38 crore square feet (sq ft).

Additionally, its customer base stood at 17.5 crore as of June 30, 2026.

What the CEO said

Commenting on the earnings, Gunender Kapur, Managing Director and Chief Executive Officer, said: “We had a strong start to FY27 with Revenue from operations growing by 18.7% in Q1FY27 to ₹3,727.0 crores, backed by solid SSSG of 10.0%, a clear testimony of the resilience of our business model in this dynamic and uncertain operating environment. Further, growth remained broad-based across all product categories.”

Kapur stated that consumption demand trends during the quarter remained steady, supported by resilient economic activity, adding that the company’s “superior merchandise, operational excellence and customer-first approach” helped it in delivering consistent results even when the broader environment remains challenging.

“During the quarter, we opened 27 gross new stores, in line with our expansion strategy. Of these, 10 stores were added in the Southern region, a market where we continue to see strong momentum and are actively deepening our presence,” he said.

While the elevated inflation weighed on the demand environment in Q1, he said that the firm expects the impact to taper down in the subsequent quarters.

“We remain confident and excited about the journey ahead, underpinned by strong fundamentals of our business and continued execution of our growth strategy,” Kapur added.

Vishal Mega Mart stock performance

Shares of Vishal Mega Mart declined as much as 5.1% to touch an intraday low of ₹106.31 per unit on the National Stock Exchange (NSE) on Thursday, despite reporting strong Q1 earnings.

At around 2:19 PM, the scrip was trading 2.22% lower at ₹109.53 per equity share.

The share has fallen more than 2% in the past week and 7% over the month. On a year-to-date (YTD) basis, it has lost 19%.

While the stock hit a 52-week high of ₹157.60 per equity share on August 29, 2026, it touched a year’s low of ₹98.77 apiece on March 23, 2026.

Vishal Mega Mart has a total market capitalisation of ₹51,368.13 crore as of July 23, 2026, according to data on the NSE.