Vishal Mega Mart Q1 Results: Same-Store Sales Grow 10%, Net Profit Rises 26% to ₹259 Crore
Key Takeaways
- •Vishal Mega Mart’s same-store sales increased 10% in the first quarter.
- •Net profit rose 26% year on year to ₹259 crore from ₹206 crore.
- •The company’s EBITDA margin remained unchanged at 14.6% during the quarter.
- •Vishal Mega Mart listed on Indian stock exchanges in December 2024.
- •The retailer targets value-conscious consumers in tier-2 and tier-3 markets with apparel and non-apparel products.
Vishal Mega Mart reported its financial results for the first quarter, with same-store sales growth of 10% and steady gross margins.
The company's net profit for the quarter stood at ₹259 crore, representing a 26% increase compared to ₹206 crore recorded in the same period a year earlier. EBITDA margin remained unchanged at 14.6%.
Vishal Mega Mart is one of India's prominent value retail chains, operating a network of stores across multiple states. The company offers a range of apparel and non-apparel products targeting value-conscious consumers across tier-2 and tier-3 markets. India's organized value retail segment has been expanding as rising disposable incomes and urbanization in smaller cities drive demand for affordable fashion and general merchandise. Vishal Mega Mart, which listed on Indian stock exchanges in December 2024, is among the larger players competing in this space alongside other value-format retailers. The steady EBITDA margin alongside double-digit same-store sales growth indicates the company maintained profitability while growing its existing store base during the quarter.
Source: CNBC-TV18 Markets
