Vishal Mega Mart reported a 25.6% year-on-year (YoY) increase in its consolidated profit after tax (PAT) to Rs 258.8 crore for the quarter ended June 30, (Q1 FY27), compared to Rs 206 crore in the corresponding quarter last year.
On a sequential basis, PAT rose 54 % from Rs 168 crore reported in Q4 FY26.
The company’s revenue from operations grew 18.7% YoY to Rs 3,727 crore, compared to Rs 3,140 crore in Q1 FY26. Sequentially, revenue rose 19.7% from Rs 3,114 crore in the January-March quarter.
Total income for the quarter stood at Rs 3,760.1 crore, up 19.1% from a year ago, while other income nearly doubled to Rs 33.1 crore from Rs 17 crore.
The retailer reported EBITDA of Rs 544.6 crore, an increase of 18.6% from Rs 459 crore in the year-ago period, with the EBITDA margin remaining steady at 14.6%.
On an operating basis, Operating EBITDA (excluding ESOP expenses and Ind AS 116 lease accounting impact) increased 19.3% to Rs 387 crore, while the Operating EBITDA margin improved slightly to 10.4% from 10.3% a year earlier.
The company’s gross profit rose 19.9% YoY to Rs 1,068.8 crore, with the gross margin expanding to 28.7% from 28.4% in Q1 FY26. Profit before tax (PBT) increased 25.4% to Rs 346 crore, while the PAT margin improved by 30 basis points to 6.9%.
Vishal Mega Mart recorded same-store sales growth (SSSG) of 10 %.
Category-wise, apparel remained the largest contributor, accounting for 47.4 % of revenue at Rs 1,765.5 crore.
Private labels continued to dominate the retailer’s business, contributing 75.2 % of sales, while third-party brands accounted for 24.6 %.
On the expansion front, Vishal Mega Mart opened 27 gross new stores during the quarter, including 10 stores in South India, while closing three outlets, resulting in a net addition of 24 stores. The company’s retail network stood at 819 stores across 559 cities in 30 states and Union Territories as of June 30, 2026.
Commenting on the performance, Gunender Kapur, Managing Director and Chief Executive Officer of Vishal Mega Mart, said, “While elevated inflation weighed on demand in Q1, we expect the impact to taper down in the subsequent quarters. We remain confident and excited about the journey ahead, underpinned by strong fundamentals of our business and continued execution of our growth strategy.”
