Vishal Mega Mart reported robust Q3 FY26 results, with revenue from operations reaching ₹3,670 crores, a 17% increase year-over-year. Adjusted same-store sales growth (SSG) stood at 9.6%. EBITDA for the quarter was ₹605 crores, with a margin of 16.5%. The company opened 29 new stores during the quarter, including expansion in South India and new format stores.
Key Financial Highlights
Vishal Mega Mart announced its Q3 FY26 results, showcasing significant growth:
- Revenue from operations: ₹3,670 crores, up 17% year-over-year.
- Adjusted same-store sales growth (SSG): 9.6%.
- EBITDA: ₹605 crores, a 19.8% increase year-over-year.
- EBITDA margin: 16.5% compared to 16.1% last year.
- PAT: ₹313 crores, a 19.1% increase year-over-year.
- PAT margin: 8.5% compared to 8.4% last year.
Nine-Month Performance
The company’s performance over the first nine months of FY26 also demonstrated strong growth:
- Revenue from operations: ₹9,792 crores, up 19.9% year-over-year.
- Adjusted same-store sales growth (SSG): 10.3%.
- EBITDA: ₹1,459 crores, a 24.4% increase year-over-year.
- EBITDA margin: 14.9% compared to 14.4% last year.
- PAT: ₹671 crores, a 30% increase year-over-year.
- PAT margin: 6.9% compared to 6.3% last year.
Store Expansion
Vishal Mega Mart continued its accelerated new store opening momentum:
- Opened 29 new stores in Q3 FY26.
- 12 of these were in South India.
- 2 new stores in Gujarat, totaling 6 stores in the state.
- 1 new store in Maharashtra, totaling 4 stores in the state.
- Opened 4 new format stores, bringing the total to 10 small format stores.
- Total new store openings for the first nine months: 80.
- Total store count as of December end: 771, present in 517 cities in India.
- Added 24 new cities in Q3 FY26.
- Trading area: 13.2 million square feet.
Own Brand Contribution
The company’s own brand’s contribution to revenue has further increased:
- Now stands at 74.5% for the first nine months of the year, up 100 basis points.
Quick Commerce Initiative
The quick commerce initiative has expanded significantly:
- Expanded to 723 stores across 485 cities.
- Registered users have increased to 12 million.
Strategy and Outlook
The company focuses on making aspirations affordable for Indian customers and consumers. Vishal Mega Mart is optimistic about the positive impact of GST rate rationalization and reforms in direct taxation on its business in the years to come. Their same-store sales growth has three components: upgradation from mom-and-pop stores, increase in average bill value, and improvement in average selling price.
Source: BSE
