VISHAL MEGA MART LIMITED

Sells value apparel and general merchandise through a chain of 819 stores spread across 559 cities and 13.8 million sq ft of trading area. Private-label products contribute 75.2% of revenue, with private brands 100% in apparel, while third-party brands fill the remaining share. The bulk of sales come from physical store footfalls, supplemented by a quick-commerce delivery service now active in 767 stores with 1.4 crore registered users, contributing 2-9% of store revenue. Same-store sales growth of 10% and overall revenue growth of 18.7% YoY in Q1 FY27 reflect demand resilience despite broader inflationary pressure. The company is rolling out small-format stores (target ~3,000 nationally over time) and piloting a new format, while an RFID rollout across the network is underway in Delhi NCR and expected to take slightly over a year to complete network-wide. Cost structure shows employee costs at 5.6% of revenue and other operating expenses at 8.2%, with depreciation at 5.2%; merchandise procurement is the largest underlying input but is not separately disclosed in the cost shape provided.