VMART Retail Latest Corporate Updates

Q2 FY2026 Financial and Operational Highlights: V-Mart Retail reported a strong performance for the quarter ended September 30, 2025. Total revenue from operations grew by 22% year-on-year (YoY) to ₹807 crore. Same-Store Sales Growth (SSSG) stood at a healthy 11%, reflecting positive momentum in both its flagship V-Mart stores and the acquired Unlimited format stores. Aggressive Store Expansion: The company maintained its fast-paced expansion strategy, opening 25 new stores during Q2 FY2026, which is its highest quarterly addition. After accounting for 2 store closures, the total store count reached 533 as of September 30, 2025, spread across 28 states and Union Territories. The new locations continue to focus heavily on Tier-II, Tier-III, and Tier-IV cities. Senior Management Change: V-Mart announced the resignation of Mr. Syed Ali Athar, the Vice President of Skill Development & Training, designated as Senior Management Personnel (SMP). His resignation was effective from the close of business hours on November 8, 2025, as he stepped down to pursue personal opportunities. The company’s core leadership team remains focused on its strategic goals. Strategic Growth Focus: The company is strategically focused on maintaining its 'Value Fashion' positioning in rural markets. V-Mart is working on accelerating its omnichannel integration, improving supply chain digitization, and increasing its private label product mix to enhance profit margins and operational efficiency. The management has guided for adding around 75 new stores for the full fiscal year (FY2026).