Vishal Mega Mart Q2 Profit Soars 46.5% on Strong Footfalls, Revenue Up 22%

Vishal Mega Mart Limited, a prominent retail player focusing on affordable apparel, general merchandise, and FMCG categories, announced robust consolidated financial results for the second quarter (Q2 FY226) ended September 30, 2025.

The company showcased healthy growth across all key metrics, driven by disciplined execution and strong operational leverage.

Vishal Mega Mart recorded an impressive surge in profitability, with Profit After Tax (PAT) soaring by 46.5% year-on-year (YoY), reaching ₹1,523 million. The resulting PAT Margin for the quarter stood at 5.1%.

The underlying operational efficiency was also evident in the robust EBITDA figures. Reported EBITDA stood at ₹3,946 million, marking a significant 30.5% YoY growth, with an EBITDA margin of 13.2%. Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) increased by 34.2% YoY to ₹2,529 million, representing an 8.5% margin.

Adjusted PAT (pre-ESOP charges) also grew substantially, rising 39.4% YoY to ₹1,617 million, corresponding to a 5.4% margin.

Double-Digit Growth Drives Revenue

Revenue from operations for Q2FY26 reached ₹29,815 million, reflecting a healthy YoY growth of 22.4%. This growth was underscored by strong Same Store Sales Growth (SSSG) of 11.3%, with the Adjusted SSSG reaching 12.8%.

Commenting on the performance, Mr. Gunender Kapur, Managing Director and Chief Executive Officer of Vishal Mega Mart revenue, stated that Q2FY26 “marked another period of delivering strong results with healthy growth in both revenue and profitability”. He attributed the success to the “strength of our customer-centric value proposition and disciplined execution”.

Mr. Kapur noted that growth was further supported by the sustained strength of the company’s own-brand portfolio, strong footfalls, and the addition of new stores.

The company added 28 gross and 25 net stores during the quarter, in line with its strategy to strengthen its presence in core geographies and expand into new states.

Operational Highlights and Strategic Outlook

Profit margins experienced a boost, primarily driven by the benefits derived from operating leverage.

Vishal Mega Mart, which positions itself as a one-stop destination for middle and lower-middle-income consumers across India, continues to expand its physical and digital footprint.

As of September 30, 2025, the company operates 742 stores across 493 cities, covering a total retail area of approximately 12.76 million Sq. Ft. The retailer currently serves an estimated loyal consumer base of about 157 million.

Strategically, the quick commerce initiative is now operational in 695 stores across 460 cities, serving a registered user base of 10.8 million as of the close of the quarter. For the half-year (H1FY26), the company’s own brands contributed 74.7% to the total Revenue.

Mr. Kapur also acknowledged that the government’s initiative regarding GST rate rationalization is a “positive step towards stimulating consumption,” reiterating the company’s commitment to passing these benefits on to customers.

Rahul Luthra, Company Secretary & Compliance Officer, signed the Press Release. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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