VMM

- Q1 Results - F.Y. 25-26

- Q1 Results - F.Y. 25-26 Department Stores company Vishal Mega Mart announced Q1FY26 results 1) Revenue from operations stood at Rs 31,403 million, YoY growth of 21.0%. 2) Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at Rs 3,244 million (10.3% margin), YoY growth of 33.7%. 3) Adjusted PAT (pre-ESOP charges) stood at Rs 2,155 million (6.9% margin), YoY growth of 37.8%. 4)SSSG of 10.5% (Adjusted SSSG* of 11.4%). 5) 23 Gross and 21 Net stores were added. 6) Gunender Kapur, Managing Director & Chief Executive Officer said: “In Q1FY26, we continued to deliver a strong performance in both revenue and profitability and demonstrated the strength of our purpose-led strategy of making aspirations affordable for consumers across geographies in India. Revenue from operations grew by 21% to Rs. 31,403 million driven by healthy double-digit SSSG of 10.5% (Adjusted SSSG of 11.4%). Revenue growth YoY is impacted on account of Eid and Ugadi festivals preponement to Q4FY25 (March’25) from Q1FY26 (April’25). Last year, these festivals were in Q1FY25 (April’24). 7) Gunender Kapur, Managing Director & Chief Executive Officer said: Growth was mainly driven by continued strength of our own brands portfolio, strong footfall and store additions. During the quarter, we added 23 gross new stores, in-line with our store opening momentum. We expanded our presence in South India (Karnataka, Kerala, among others) and opened a new store in Gujarat and Maharashtra each and are encouraged by the early response. 8) Overall results are better than expectations. 9) All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24