V-Mart Retail Ltd reported robust operational performance for the March quarter, driven by steady same-store sales growth and an accelerated store expansion strategy.
The company stated that total revenue from operations for the fourth quarter stood at Rs. 971 crore (US $104 million), reflecting a 24% year-on-year increase from Rs. 780 crore (US $83.71 million) in the corresponding period last year. Same-store sales growth (SSSG) was recorded at 12%, with the core V-Mart business delivering similar growth, while its Unlimited format registered a 9% increase.
During the quarter, the retailer continued to expand its footprint, opening 29 new stores and closing 6, taking the total store count to 577 as of 31st March 2026. The newly added stores were spread across several states, including Uttar Pradesh, Tamil Nadu, Bihar and West Bengal.
The company noted that FY ’26 marked its highest-ever annual store additions, with 92 new stores opened during the year alongside 12 closures, underscoring its continued focus on scaling operations.
The performance builds on a recovery witnessed in the previous quarter. In the December quarter (Q3 FY ’26), the company had reported a return to profitability, posting a net profit of Rs. 87.99 crore (US $9.44 million) compared with a loss in the preceding quarter. The turnaround was attributed to improved operating performance and higher revenues.
The company indicated that revenue and earnings growth during the December quarter were supported by improved demand conditions and enhanced cost efficiencies, with EBITDA also recording a significant increase.
