Vishal Mega Mart Q3 FY26: Revenue up 17% to ₹3,670 Crore, PAT grows 19.1% to ₹313 Crore
Vishal Mega Mart reported Q3 FY26 revenue of ₹3,670 crore, up 17% YoY, with PAT at ₹313 crore, up 19.1%. For 9MFY26, revenue was ₹9,792 crore (up 19.9%) and PAT ₹671 crore (up 30%). The company opened 29 new stores in Q3, reaching 771 total stores. Same-store sales growth was 9.6% for Q3 and 10.3% for 9MFY26.
The announcement provides detailed financial results for the quarter and nine months, including key growth metrics and expansion plans. This information is material for investors and analysts assessing the company's performance and future prospects.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT for both the quarter and the nine-month period. Continued store expansion and positive commentary on growth drivers further support a positive sentiment.
Vishal Mega Mart Limited announced its financial results for the quarter and nine months ended December 31, 2025. The company reported a revenue from operations of ₹3,670 crore for Q3 FY26, marking a 17% growth year-on-year. The adjusted same-store sales growth for the quarter stood at 9.6%. EBITDA for the quarter was ₹605 crore, a 19.8% increase from the previous year, with an EBITDA margin of 16.5%. Profit After Tax (PAT) was ₹313 crore, reflecting a 19.1% growth, and the PAT margin was 8.5%.
For the first nine months of FY26, revenue from operations reached ₹9,792 crore, a 19.9% growth over the same period last year. The adjusted same-store sales growth for the nine-month period was 10.3%. EBITDA for the nine months was ₹1,459 crore (a 24.4% growth) with a margin of 14.9%, and PAT was ₹671 crore (a 30% growth) with a margin of 6.9%.
The company continued its store expansion, opening 29 new stores in Q3 FY26, bringing the total store count to 771 across 517 cities. For the nine-month period, 80 new stores were opened, indicating the company is on track to meet its guidance of 80 to 100 new stores annually. The quick commerce initiative has expanded to 723 stores across 485 cities, with 12 million registered users.
Management commentary highlighted that the Q3 revenue growth was largely impacted by the festive timing shift, with Durga Puja sales occurring in Q2 this year compared to Q3 last year. The company expects a run rate of around 10% for same-store sales growth and 19-20% for total sales growth in the near to medium term. Initiatives to enhance customer proposition and market share gain are key drivers of their performance.
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