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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Apparel and general merchandise retail, Private label brands (75%), Quick commerce delivery. Value retail chain selling apparel and general merchandise through owned large-format and small-format stores, supplemented by quick-commerce delivery
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 10,716 | 12,906 |
| EBITDA (ex other income) | 1,530 | 1,884 |
| margin % | 14.3 | 14.6 |
| Owners' profit | 632 | 0 |
| EPS, as reported (₹) | 1.40 | 1.80 |
| ROE % · ROCE % | 9.9 · 13.0 | 11.3 · 14.6 |
| Debt / equity (x) | 0.00 | 0.00 |
| Cash from operations | 1,399 | 1,621 |
| Capex | (264) | (325) |
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,136 | 2,548 | 3,140 | 2,981 | 3,670 | 3,114 | 3,727 |
| Profit before tax | 352 | 156 | 276 | 204 | 419 | 225 | 346 |
| Net profit | 263 | 115 | 206 | 152 | 313 | 168 | 259 |
| EPS (₹) | 0.58 | 0.25 | 0.45 | 0.33 | 0.67 | 0.36 | 0.55 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| AVENUE SUPERMARTS LIMITED | 2,40,550 | 78.5 | 9.83 | 46.1 | 12.1 | 15.9 | 23.3 | 8.1 |
| VISHAL MEGA MART LIMITED ◆ | 47,563 | 53.3 | 6.42 | 23.9 | 11.3 | 12.7 | — | 15.5 |
| ELECTRONICS MART IND LTD | 7,272 | 35.3 | 4.47 | 17.9 | 6.6 | 5.0 | — | 10.0 |
| VMART RETAIL LTD | 6,405 | 46.3 | 6.73 | — | 13.0 | 9.8 | — | 15.0 |
| SHOPPERS STOP LIMITED | 4,120 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · COO Manoj Kumar exits; relieved after notice period | management changes | medium | — | — |
| 10 Sept 2026 · Vishal Mega Mart schedules analyst meet on Sep 23, 2026 | board shareholder meetings | low | — | — |
| 10 Sept 2026 · Vishal Mega Mart to attend JP Morgan investor conference on Sept 22 | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Analyst and investor meeting with Jefferies on September 16, 2026 | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Vishal Mega Mart to attend Jefferies investor conference on Sep 16 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Store visit by investors and analysts on Sep 13 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Vishal Mega Mart gets credit rating upgraded to IND AA+ | credit debt | high | — | — |
| 1 Sept 2026 · Subsidiary hit with Rs 2.5 lakh food safety penalty | general | medium | — | — |
| 25 Aug 2026 · Vishal Mega Mart publishes 8th AGM notice and Annual Report in newspapers | compliance | minimal | — | — |
| 24 Aug 2026 · Vishal Mega Mart sends letter to shareholders on FY26 annual report access | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| — |
| 14.16 |
| 5.6 |
| (12.4) |
| (1.7) |
| 23.6 |
| 14.9 |
| PATEL RETAIL LIMITED | 703 | 16.2 | 1.93 | — | 10.7 | 12.8 | — | 6.4 |
| SPENCER S RETAIL LIMITED | 256 | — | — | 95.4 | 27.3 | (135.8) | (5.8) | 2.0 |
| JAY AMBE SUPERMARKETS LIMITED | 149 | 15.6 | — | — | — | 15.1 | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 53.3 | 32.7 | 8 of 9 | 13% |
| P/B | 6.4 | 4.5 | 6 of 9 | 38% |
| ROCE | 12.7 | 7.4 | 5 of 12 | 64% |
| ROE | 11.3 | 11.0 | 5 of 10 | 56% |
| Debt / Equity | 0.0 | 0.2 | 2 of 10 | 78% |
| EBITDA margin | 15.5 | 12.4 | 3 of 10 | 78% |
| Revenue growth | 18.7 | 16.8 | 5 of 10 | 56% |
| Profit growth | 25.6 | 31.5 | 6 of 10 | 44% |
| Market cap | 47563 | 480 | 2 of 12 | 91% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
