Value retailer adds 105 stores in FY26 while quarterly revenue crosses Rs 3,100 crore despite margin pressure
Vishal Mega Mart posted a robust performance for the March quarter on Thursday, reporting double-digit growth in revenue, operating profit and net profit compared with the year-ago period.
The retailer’s revenue for the fourth quarter of FY26 climbed 22 per cent year-on-year to Rs 3,114 crore, up from Rs 2,547.8 crore in the corresponding quarter last year. Net profit rose 46 per cent to Rs 168 crore from Rs 115 crore a year earlier.
Ebitda for the quarter increased 19 per cent year-on-year to Rs 424.6 crore. However, Ebitda margin slipped 40 basis points to 13.6 per cent from 14 per cent in the same period last year.
As of 31 March 2026, the company had 795 stores spread across 535 cities, with a total retail footprint of 13.45 million square feet.
“Our expansion strategy remained firmly on track with gross new store openings of 25 during the quarter and 105 during the full year, further strengthening our network and market presence,” Managing Director and Chief Executive Officer Gunender Kapur said in the company’s statement.
The company added that it continues to closely watch the macroeconomic environment and geopolitical developments while remaining agile in responding to changing market conditions.
Following the earnings announcement, shares of Vishal Mega Mart were trading 3.47 per cent lower at Rs 115.35. The stock has declined around 15 per cent so far this year.mVishal
