Vishal Mega Mart Q3FY26 Revenue Up 17% to ₹36,704 Crore, PAT Grows 19.1%
Vishal Mega Mart reported Q3FY26 consolidated revenue of ₹36,704 million, up 17.0% YoY. PAT grew 19.1% to ₹3,129 million. For 9MFY26, revenue was ₹97,922 million (up 19.9%) and PAT was ₹6,713 million (up 29.9%). The company added 29 stores in Q3, totaling 771 stores. Adjusted SSSG was 9.6% for Q3.
The announcement includes key financial metrics like revenue and profit growth, SSSG, and store expansion, which are material for investors and significantly impact the company's valuation and market perception.
The company reported strong year-on-year growth in revenue, gross profit, EBITDA, and profit after tax for both the quarter and the nine-month period. Expansion in store count and positive commentary from the CEO further support a positive sentiment.
Vishal Mega Mart Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported consolidated revenue from operations of ₹36,704 million (approximately ₹3,670.4 crore) for Q3FY26, a year-on-year growth of 17.0%. Adjusted SSSG for the quarter was 9.6%, after normalizing an adverse impact of approximately 2.1% due to the preponement of Durga Puja festivities to Q2.
Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at ₹4,685 million (approximately ₹468.5 crore), with a year-on-year growth of 18.8% and a margin of 12.8%. Profit After Tax (PAT) for the quarter was ₹3,129 million (approximately ₹312.9 crore), marking a 19.1% year-on-year increase with an 8.5% margin.
For the nine months ended December 31, 2025 (9MFY26), revenue from operations reached ₹97,922 million (approximately ₹9,792.2 crore), a growth of 19.9% year-on-year. Adjusted SSSG for 9MFY26 was 10.3% (Reported SSSG of 9.1%). Adjusted EBITDA for the nine-month period was ₹10,457 million (approximately ₹1,045.7 crore), a 26.7% year-on-year growth with a 10.7% margin. PAT for 9MFY26 stood at ₹6,713 million (approximately ₹671.3 crore), a 29.9% year-on-year growth with a 6.9% margin.
The company added 29 gross stores during the quarter, with no store closures, bringing the total store count to 771 across 517 cities as of December 31, 2025. The retail area spans approximately 13.15 million Sq. Ft. For 9MFY26, apparel contributed 44.8% to revenue, general merchandise 28.3%, and FMCG 26.7%. Own brands contributed 74.5% to revenue for the nine-month period. The quick commerce initiative is available in 723 stores, with 11.9 million registered users as of December 31, 2025.
Mr. Gunender Kapur, Managing Director and Chief Executive Officer, commented that the company delivered a strong performance, driven by healthy festive demand and its unique merchandise range, particularly its own brands and leadership in opening price points. He expressed optimism about India's consumption growth and the positive impact of initiatives like GST rate rationalization and reforms in direct taxation.
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