Vishal Mega Mart Ltd — earnings calls

Vishal Mega Mart reported Q1 FY27 revenue from operations of INR 3,727 crores, up 18.7% year-on-year, with same-store sales growth of 10%. Operating EBITDA rose 19.3% to INR 387 crores and profit after tax grew 25.6% to INR 259 crores, with management attributing gross margin improvement to lower promotional spend rather than price hikes. Management also discussed store expansion, the small-format rollout, RFID implementation, quick commerce growth, and a proposed foreign ownership cap of 49.99%.

Vishal Mega Mart reported Q4 FY26 revenue of Rs 3,114 crore, up 22.2% year-on-year, with same-store sales growth of 13.2% and adjusted EBITDA margin of 8.8%. For full year FY26, revenue was Rs 12,906 crore, up 20.4%, with same-store sales growth of 11% and PAT of Rs 839 crore. Management discussed store expansion to 795 stores across 535 cities, private brand contribution of 74.1% of revenue, and rising input cost inflation linked to crude and petroleum derivatives heading into FY27.