Vishal Mega Mart Ltd on Wednesday released its fiscal first quarter earnings report with a profit growth of 37.24 per cent to Rs 206.07 crore. The company had posted a profit of Rs 150.15 crore during the first quarter of FY25. It posted revenue from operations at Rs 3,140.32 crore, reporting a growth of 20.95 per cent as against Rs 2,596.29 crore recorded during the corresponding quarter of previous financial year. 

ALSO READ

Revenue growth, it said, was 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). 

Gunender Kapur, Managing Director and Chief Executive Officer, said, “Q1FY26 PAT grew by 37.2 per cent to Rs 206.10 crore. We maintained a strong profit margin this quarter, propelled by improved cost efficiencies across the board and the benefits of operating leverage that come with our expanding footprint.”

Apparel leads category-wise sales

For Q1FY26, the category-wise revenue contribution was 47.4 per cent for Apparel, 27.3 per cent for General Merchandise and 25.1 per cent for FMCG.

For the quarter, the company’s own brand’s contribution to revenue was 75.8 per cent. Its quick commerce initiative extended to 670 stores across 445 cities and a registered user base of 9.8 million.

Same store sales growth stood at 10.5 per cent year-on-year, while on an adjusted basis, that figure stood at 11.4 per cent.

ALSO READ

Store network expansion

As on June 30, 2025, the company operates 717 stores across 472 cities spanning a total retail area of approximately 12.4 million sqft. Vishal Mega Mart had a large consumer base of around 151 million at the end of the June quarter. 

Gunender Kapur 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.”