Vishal Mega Mart reported strong Q2 FY26 results, with revenue up 22.4% to INR 2,981 crores and PAT increasing by 46.5%. The company benefited from early festive sales. Adjusted same-store sales growth was 12.8%. The company opened 28 new stores in Q2, taking the total to 742 stores across 493 cities. The company is optimistic about future growth, driven by GST rationalization and good rainfall.
Financial Performance Highlights
Vishal Mega Mart announced its earnings for Q2 FY26, showcasing robust growth across key metrics:
- Revenue: Increased by 22.4% year-over-year to INR 2,981 crores.
- Adjusted Same-Store Sales Growth (SSG): Recorded at 12.8%.
- EBITDA: Rose to INR 395 crores, a 30.5% increase.
- EBITDA Margin: Improved to 13.2% compared to 12.4% in the previous year.
- PAT: Grew by 46.5% to INR 152 crores.
First Half FY26 Performance
The company also reported strong results for the first half of FY26:
- Revenue From Operations: INR 6,122 crores, a 21.6% growth.
- Adjusted SSG: 12.1%.
- EBITDA: INR 854 crores, a 27.8% increase.
- EBITDA Margin: 13.9% versus 13.3% last year.
- PAT: INR 358 crores, a 41% increase.
Store Expansion and Reach
Vishal Mega Mart continued its accelerated store opening strategy, adding 28 new stores in Q2 FY26 and a total of 51 stores in the first half of the fiscal year. As of September 2025, the company has a presence in 493 cities across India, with a total of 742 stores and a trading area of 1.28 crore square feet.
Own Brand Performance
Own brands continue to be a significant part of Vishal Mega Mart’s strategy. In the first half of the year, revenue from own brands was 74.7% of total revenue, an increase of 185 bps YOY.
Quick Commerce Update
The company’s quick commerce operations have expanded to 695 stores across 460 cities, with registered users increasing to 1.08 crore.
Strategic Outlook
Vishal Mega Mart views the government’s GST rate rationalization as a positive step and remains committed to passing on these benefits to customers to enable long-term inclusive growth.
Board Changes
There have been three additions to the Board: Neha Bansal as Chairperson, Soumya as Independent Director, and Yogesh Yadav also as an Independent Director. Vageesh Gupta was added as a director representing Partners Group.
Source: BSE