Vishal Mega Mart Limited announced its financial results for the second quarter and half-year ended September 30, 2026. The company reported a robust 14% year-on-year revenue growth to INR 3,399 crore for Q2 FY27, with same-store sales growth standing at 5.4%. Despite a shift in festivals, operational EBITDA saw a 3.7% increase. For the first half, revenue grew by 16.4% to INR 7,126 crore.
Q2 FY27 Financial Highlights
Vishal Mega Mart Limited has reported its financial performance for the second quarter and half-year ended September 30, 2026. The company demonstrated strong top-line growth, with revenue from operations increasing by 14% to INR 3,399 crore in the second quarter of FY27. This growth was achieved despite a shift in festival timings, which impacted same-store sales growth by an estimated 3% to 4%.
Adjusting for the festival shift, the company reported a same-store sales growth of approximately 9% for Q2 FY27. Operating EBITDA for the quarter stood at INR 262 crore, marking a 3.7% increase year-on-year, although the margin saw a slight decrease to 7.7% from 8.5% in the prior year, attributed to lower fixed cost absorption during the quarter.
First Half FY27 Performance
For the first half of FY27, Vishal Mega Mart Limited’s revenue from operations surged by 16.4% to INR 7,126 crore. The same-store sales growth for the half-year was reported at 7.7%, with an adjusted growth of approximately 9.5% after accounting for the festival shift.
Operating EBITDA for the first half grew by 12.5% to INR 649 crore, with a margin of 9.1%. Profit after tax, adjusted for ESOP charges, increased by 15.8% to INR 437 crore. The company also continued its store expansion strategy, adding 26 new stores in Q2 and 53 in the first half, bringing the total store count to 844 across 582 cities.
Strategic Outlook
Looking ahead, the company remains focused on capturing growth opportunities and maintaining agility in a dynamic economic environment. Key strategies include strengthening merchandise offerings, enhancing supply chain efficiency, and maintaining disciplined cost management to deliver sustained profitable growth.
Belong & Co. Pilot
In Q2, the company launched the pilot store for its new apparel format, ‘Belong & Co.’, targeting young, affluent urban consumers. Initial feedback indicates positive customer reception, with a conversion rate of over 50% and repeat purchases observed within the first month of operation.
Source: BSE
