Vishal Mega Mart announced strong financial results for Q2 FY26, highlighted by a 22.4% increase in revenue, reaching ₹29,815 million. Adjusted EBITDA grew by 34.2% to ₹2,529 million, with a margin of 8.5%. Adjusted PAT increased by 39.4% to ₹1,617 million. The company also reported a Same Store Sales Growth (SSSG) of 11.3%.
Q2 FY26 Performance Highlights
Vishal Mega Mart reported a 22.4% year-over-year increase in revenue from operations, reaching ₹29,815 million. The company’s Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at ₹2,529 million, representing an 8.5% margin and a 34.2% year-over-year growth. Adjusted PAT (pre-ESOP charges) reached ₹1,617 million, with a 5.4% margin, reflecting a 39.4% year-over-year increase. The Same Store Sales Growth (SSSG) was reported at 11.3% (Adjusted SSSG* of 12.8%). Additionally, 28 gross and 25 net stores were added during the quarter.
H1 FY26 Performance Highlights
For the first half of FY26, Vishal Mega Mart reported revenue from operations of ₹61,218 million, a 21.6% year-over-year increase. Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at ₹5,773 million, with a 9.4% margin, representing a 33.9% year-over-year increase. Adjusted PAT (pre-ESOP charges) reached ₹3,772 million, with a 6.2% margin, reflecting a 38.5% year-over-year increase. The SSSG was reported at 10.9% (Adjusted SSSG* of 12.1%). The company added 51 gross and 46 net stores, bringing the total store count to 742.
Operational Overview
As of September 30, 2025, Vishal Mega Mart operates 742 stores across 493 cities, spanning a total retail area of approximately 12.76 million square feet. The category-wise revenue contribution for H1 FY26 was 44.9% for Apparel, 28.2% for General Merchandise, and 26.8% for FMCG. The company’s loyal consumer base reached approximately 157 million. Own brands contributed 74.7% to revenue for the half-year. The Quick commerce initiative is available in 695 stores across 460 cities, with a registered user base of 10.8 million as of September 30, 2025.
Management Commentary
Mr. Gunender Kapur, Managing Director and Chief Executive Officer, stated that the results demonstrate the strength of the company’s customer-centric value proposition and disciplined execution. He highlighted the healthy double-digit SSSG and the support from the company’s own-brand portfolio, healthy footfalls, and new store additions. He also noted the impact of the early onset of Durga Puja festivities on revenue growth. He emphasized the commitment to pass on the benefits of GST rate rationalization to customers to enable long-term inclusive growth.
Source: BSE
