14 Aug , 2025 By : Debdeep Gupta
Shares of retail player Vishal Mega Mart Ltd rallied five percent in early trade on Thursday, August 14, after reporting its earnings show for the quarter ended June 30, 2025.
At 9.30 a.m., shares retreated from their intraday high to quote Rs 148.02 on the NSE, higher by 2.3 percent.
Vishal Mega Mart posted a strong year-on-year rise in profits for the April–June quarter of FY26, with net profit climbing 37.2 percent to Rs 206.1 crore compared to Rs 150.1 crore in the same period last year. Revenue from operations stood at Rs 4,819 crore for the quarter, up from Rs 4,347.5 crore a year earlier.
The firm expanded its presence in South India (Karnataka, Kerala, etc.), by adding 12 stores and opened a new store in Gujarat and Maharashtra. Early responses to these stores have been encouraging, as per management.
Geographically, South India was the fastest-growing region for VMM with 23 percent YoY growth, though the region’s per-store productivity remains ~15 percent below company-level average
International brokerage Jefferies maintained its 'buy' rating, and raised its target pricfe to Rs 175 (from Rs 142). The brokerage noted that this marked fifth straight quarter of double-digit same-store sales growth, continued store expansion into new states, and steady scale-up of quick commerce platform.
Morgan Stanley has an 'overweight' call with a target price of Rs 161 per share. The brokerage noted year-on-year growth of 21 percent in revenue, 26 percent in EBITDA, and 37 percent in net profit. Same-store sales growth stood at 10.5 percent, slightly above estimates of 10 percent. For comparison, DMart posted 16 percent revenue growth and 7.1 percent like-for-like sales growth in the first quarter.
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