Vishal Mega Mart reported strong year-on-year growth in profitability for the first quarter of FY ’26, with Profit After Tax (PAT) rising 37.2% to Rs. 206.10 crore (US $ 23.51 million), compared to Rs. 150.10 crore (US $ 17.12 million) in the same quarter last year. The company’s PAT margin improved to 6.6% from 5.8%.
Revenue from operations for the April–June period grew 21% year-on-year to Rs. 3,140.30 crore (US $ 358 million), against Rs. 2,596.30 crore (US $ 296 million) in Q1 FY ’25. Gross profit stood at Rs. 891.30 crore (US $ 101 million), up 21.6% from Rs. 733.10 crore (US $ 83.63 million) a year earlier, translating into a gross profit margin of 28.4%. Reported EBITDA increased 25.6% to Rs. 459.20 crore (US $ 52.38 million) from Rs. 365.60 crore (US $ 41.71 million), with the EBITDA margin improving to 14.6% from 14.1% in the corresponding quarter.
In terms of segment contribution, apparel accounted for 47.4% of total revenue in Q1 FY ’26, followed by general merchandise at 27.3% and FMCG at 25.1%. As of 30th June 2025, the company had a consumer base of approximately 151 million, while own brands contributed 75.8% of revenue during the quarter.
Gunender Kapur, Managing Director and Chief Executive Officer of Vishal Mega Mart, said that the company continued to deliver strong performance in both revenue and profitability in Q1 FY ’26, highlighting the strength of its strategy of making aspirations affordable for consumers across geographies in India. He added that steady economic conditions, moderation in retail inflation, and favourable tax policies were expected to boost household budgets and consumer confidence. With the business on solid footing, he said, Vishal Mega Mart would continue to deliver affordable and aspirational products backed by cost efficiency and sharp execution to create long-term stakeholder value.
