Earnings Review
Vishal Mega Mart's Q3 PAT, revenue meet Street expectations
This story was originally published at 21:35 IST on 27 January 2026
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By Gunjan Rajput
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--Vishal Mega Mart Oct-Dec consol net profit INR 3.13 bln
--Analysts saw Vishal Mega Mart Oct-Dec consol net profit at INR 3.13 bln
--Vishal Mega Mart Oct-Dec consol revenue INR 36.70 bln
--Analysts saw Vishal Mega Mart Oct-Dec consol revenue at INR 37.46 bln
--Vishal Mega Mart Oct-Dec consol PAT INR 3.13 bln vs INR 2.63 bln yr ago
--Vishal Mega Mart Q3 consol revenue INR 36.70 bln vs INR 31.36 bln yr ago
--Vishal Mega Mart Apr-Dec consol PAT INR 6.71 bln vs INR 5.17 bln yr ago
--Vishal Mega Mart Apr-Dec consol sales INR 97.92 bln vs INR 81.68 bln yr ago
--Q3 consol reported EBITDA INR 6.05 bln vs INR 5.05 bln
--Q3 consol EBITDA margin 16.5% vs 16.1% year ago
--Adjusted same-stores sales growth at 9.6% in Oct-Dec
MUMBAI – Retailer Vishal Mega Mart Ltd. reported double-digit growth in its net profit and revenue for the December quarter, in line with analysts' expectations.
The company's consolidated net profit for the December quarter was INR 3.13 billion, up over 19% year-on-year. The company's net profit was INR 2.63 billion in the year-ago quarter. Analysts had expected net profit at INR 3.13 billion.
The company's revenue was INR 36.70 billion, up over 17% year-on-year, in Oct-Dec. The company's revenue was INR 31.36 billion for the year-ago quarter. Analysts had expected revenue in the range of INR 37.46 billion.
For Apr-Dec, the company's consolidated net profit rose nearly 30% on year to INR 6.71 billion. The company's top line for the period rose nearly over 19% on year to INR 97.92 billion.
For the reporting quarter, the company's total expenses rose nearly 17% on year to INR 32.76 billion. Purchases of stock-in-trade, which accounted for the bulk of the company's expenses, rose over 15% on year to INR 21.98 billion. Its other expenses rose nearly 14% on year to INR 2.69 billion.
The company's earnings before interest, tax, depreciation, and amortisation for the December quarter was INR 6.05 billion, up nearly 20% from INR 5.05 billion reported a year ago. The company's consolidated EBITDA margin for the quarter improved to 16.5% from 16.1% in the same quarter a year ago.
Its same-stores sales growth was nearly 10% for the December quarter, after accounting for around 2?verse impact in the reporting quarter as Durga Puja festivities were moved ahead to the September quarter this year.
The company added 29 new stores in the reporting quarter and closed none. During Apr-Dec, the company added 75 stores on a net basis, taking the overall store count to 771 as of Dec. 31.
The company's quick commerce initiative is now available in 723 stores across 485 cities with a registered user base of 11.9 million as of Dec. 31.
"We saw healthy festive demand across all product categories. Our unique range of merchandise, especially our strong portfolio of own brands and leadership in opening price points continued to translate into healthy footfalls across stores. The Company sustained momentum on its accelerated store rollout plan, adding 29 gross new stores during the quarter and 80 in 9MFY26 (Apr-Dec) with continued focus on strategic expansion into new states like Kerala, Gujarat, Maharashtra", said Gunender Kapur, managing director and chief executive officer, Vishal Mega Mart in a press release.
The company declared its December quarter earnings post market hours. Tuesday, shares of the company closed at INR 125.02 on the National Stock Exchange, up 0.35% from the previous close. End
Edited by Deepshikha Bhardwaj
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