Vishal Mega Mart announced its unaudited financial results for the quarter ended September 30, 2025. Revenue from operations grew by 22.4% compared to the same quarter last year. Adjusted EBITDA margin increased to 8.5%, and adjusted PAT margin reached 5.4%. The company continues to expand its store network and loyalty program, driving growth and customer engagement.
Financial Performance Highlights
Vishal Mega Mart reported strong financial results for Q2FY26. Key highlights include:
- Revenue from Operations: ₹29,815 million, up 22.4% year-over-year
- Gross Profit Margin: 28.3%
- Adjusted EBITDA: ₹2,529 million, with a margin of 8.5%
- Adjusted PAT: ₹1,617 million, with a margin of 5.4%
For the first half of the fiscal year (H1FY26), Vishal Mega Mart also demonstrated robust growth:
- Revenue from Operations: ₹61,218 million, a 21.6% increase year-over-year.
- Gross Profit Margin: 28.3%
- Adjusted EBITDA: ₹5,773 million, margin of 9.4%
- Adjusted PAT: ₹3,772 million, margin of 6.2%
Sales and Store Network
The company’s Same Store Sales Growth (SSSG) was reported at -12.8% for the quarter and -12.1% for the half-year, adjusted for temporarily non-comparable stores.
As of September 2025, Vishal Mega Mart has:
- A total of 742 stores
- Presence in 493 cities
- Operates across 30 States/Union Territories
- 12.76 million sq. ft. of retail space
The company added 28 gross new stores during Q2FY26 and 51 new stores in H1FY26.
Loyalty Program Growth
Vishal Mega Mart’s loyalty program continues to expand:
- Approximately 157 million registered loyalty customers, a 17% year-over-year increase.
- Around 95% of revenue comes from loyalty customers.
Quick Commerce Platform
The company’s Quick Commerce platform shows significant progress:
- 695 stores are integrated with hyperlocal delivery (16% YoY growth).
- Services cover 460 cities (18% YoY growth).
- Approximately 11 million registered users (60% YoY growth).
Source: BSE
