Shares of Vishal Mega Mart fell as much as 7% to an intraday low of Rs. 118 on the BSE on Friday after a 14.2% equity stake worth Rs. 7,915 crore (US $ 870 million) changed hands in a block deal.
Ahead of the market opening, news agencies had indicated that the size of the block transaction had been revised upwards to around Rs. 7,400 crore (US $ 813 million). A day earlier, it was reported that promoter Samayat Services LLP was seeking to divest a 6.5% stake in the company through a block deal at Rs. 115 (US $ 1.26) per share, implying a discount of roughly 10% to the previous closing price.
As of 31st December 2025, Samayat Services held a 54.09% stake in Vishal Mega Mart, equivalent to 252.74 crore shares. The proposed transaction reportedly involved the sale of 3.05 crore shares. Shares sold through the block deal are subject to a 150-day lock-in period.
Vishal Mega Mart operates a fashion-focused hypermarket chain in India, with a network of more than 780 stores catering primarily to middle-income consumers through affordable fashion, general merchandise and grocery offerings.
Over the past year, the stock has gained 24%, outperforming the 13% rise in the Nifty 50 and the 10% increase in the BSE Sensex over the same period. In 2026 so far, the stock is up 10% over the past five days but remains down more than 6% on a year-to-date basis.
For the third quarter of FY ’26, Vishal Mega Mart reported a 19.1% year-on-year increase in net profit to Rs. 312.9 crore (US $ 34.40 million), compared with Rs. 262.7 crore (US $ 28.89 million) in the corresponding quarter last year.
Revenue rose 17% to Rs. 3,670 crore (US $ 403 million) from Rs. 3,135.9 crore (US $ 344 million) in Q3 FY ’25, supported by sustained traction across its retail network and steady consumer demand. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 20% to Rs. 605.4 crore (US $ 66.56 million) from Rs. 504.5 crore (US $ 55.46 million) a year earlier.
Operating margins expanded to 16.5% from 16.1% year-on-year, reflecting improved operating leverage and cost efficiencies. Adjusted same-store sales growth stood at 9.6%, after accounting for an estimated 2.1% negative impact in the quarter due to the shift of Durga Puja festivities to the second quarter this year.
According to the company’s exchange filing, Vishal Mega Mart opened 29 gross new stores during the quarter without any closures, taking total additions in the first nine months of FY ’26 to 80 stores. Expansion remained focused on key markets including Kerala, Gujarat and Maharashtra.
