V-Mart Retail Limited has announced a robust performance for the fourth quarter and the full fiscal year ending March 31, 2026. The company achieved a 24% YoY revenue growth in Q4 and a 16% YoY growth for the full year. With a total store count of 577, V-Mart continues to expand its footprint while significantly improving operational efficiency and reducing losses in its LimeRoad online business.
Financial Highlights
For the fourth quarter of FY26, V-Mart reported a 24% year-on-year revenue growth, reaching ₹9,709 million. The company’s EBITDA experienced a substantial 56% growth compared to the same period last year. For the full fiscal year, total revenue grew by 16% to ₹37,894 million, while annual EBITDA rose by 36%. The adjusted profit after tax (PAT) showed a significant upward trajectory, marking a 507% growth for the full year, reaching ₹1,250 million.
Operational Success and Expansion
V-Mart concluded the fiscal year with 577 total stores, following the addition of 92 new stores throughout the year. The company saw strong engagement metrics, including a 47% YoY growth in footfalls for the fourth quarter and an 18% growth in memo volume. Operational efficiency was further highlighted by the improvement in days of inventory (DOI), which decreased from 96 to 93 days, and a per-store inventory reduction of 13%.
LimeRoad Turnaround
The company has made significant strides in improving the performance of its online marketplace, LimeRoad. The unit’s losses were reduced by 56% in Q4 and 57% for the full fiscal year, showcasing the effectiveness of the company’s strategic integration and cost-management initiatives. V-Mart’s inventory contribution to LimeRoad online orders also saw a healthy trend, ending the year at 45%.
ESG and Governance Commitment
V-Mart remains deeply committed to sustainable and ethical practices. Notable achievements include the successful elimination of 1.4 crore polybags and planting over 11,750 saplings. The company also reached a major social milestone with women representing 30% of its total workforce. Furthermore, V-Mart has been recognized with the ICAI Excellence in Financial Reporting Award (2025) and maintains strong global benchmarking with its 19th-place ranking at the LACP Integrated Report Awards.
Source: BSE
