Vishal Mega Mart Limited has informed the Exchange about Transcript
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Vishal Mega Mart reported a strong Q1 FY26 with overall business growth of 21%, driven by same-store sales growth of 11.4% and 23 new store openings, taking the total to 717 stores across 472 cities. Gross margin improved to 28.4% (from 28.2%) and EBITDA margin rose to 14.6% (from 14.1%), with pre-Ind AS, pre-ESOP margin reaching 10.3%. Private label contribution rose to 75.8% of sales, up 170 bps year-on-year, and the QuickCommerce business now covers 670 stores with ~10 million registered customers, contributing 2-8% of store revenue depending on market maturity. Management highlighted new pilots in Maharashtra and Gujarat, plans to accelerate smaller-format stores (currently 6 in UP and Haryana), and ongoing right-sizing of Karnataka stores where productivity lags. The management also addressed the Karol Bagh fire incident, noting engagement with leading global fire safety firms and comprehensive SOP reviews across all stores.
Positive for shareholders: strong double-digit SSG, consistent margin expansion, healthy store additions, and growing QuickCommerce adoption signal sustained business momentum. The transparent handling of the Karol Bagh safety incident and disciplined expansion approach reinforce investor confidence, though competitive intensity and South India productivity remain areas to watch.