Vishal Mega Mart Q4 Results: Profits Rise 46% in Q4; Check the Full Revenue Breakdown

Synopsis: Vishal Mega Mart reported a 22.22% YoY revenue growth to Rs. 3,114 crore in Q4 FY26, while profit rose 45.88% YoY. However, shares fell due to a 15.16% QoQ revenue decline and 46.34% drop in quarterly profit.

This Mid-Cap Stock, engaged in retailing apparel, FMCG, and general merchandise products through a wide network of stores serving customers across urban and semi-urban India, fell 6.28 percent after the company reported March quarterly results with a 46.34 percent QoQ increase in net profit.

With a market capitalization of Rs. 54,910.43 crores, the share of Vishal Mega Mart Limited has reached an intraday low of Rs. 112 per equity share, down nearly 6.28 percent from its previous day’s close price of Rs. 119.50. Since then, the stock has retreated and is currently trading at Rs. 117.15 per equity share. 

Reason for the Fall?

Vishal Mega Mart Limited shares fell 6.28 percent after the company announced its March quarter results. Revenue declined 15.16 percent quarter-on-quarter, while net profit dropped 46.34 percent during the same period. The weak financial performance disappointed investors, leading to selling pressure in the stock and a sharp decline in its share price.

Q4 FY26 Result Walkthrough:

Coming into the quarterly results of Vishal Mega Mart Limited, the company’s consolidated revenue from operations increased by 22.22 percent YOY, from Rs. 2,547.89 crore in Q4 FY25 to Rs. 3,114.10 crore in Q4 FY26, and decreased by 15.16 percent QoQ from Rs. 3,670.41 crore in Q3 FY26.

In Q4 FY26, Vishal Mega Mart Limited’s consolidated net profit increased by 45.88 percent YOY, reaching Rs. 167.92 crore compared to Rs. 115.11 crore during the same period last year. As compared to Q3 FY26, the net profit has decreased by 46.34 percent, from Rs. 312.92 crore. The basic earnings per share increased by 44 percent and stood at Rs. 0.36 as against Rs. 0.25 recorded in the same quarter in the previous year, FY2025.

Annual Performance of FY26:

Vishal Mega Mart Limited’s revenue has increased from Rs. 10,716.35 crore in FY25 to Rs. 12,906.32 crore in FY26, which has grown by 20.44 percent. The net profit has also grown by 32.80 percent from Rs. 631.97 crore in FY25 to Rs. 839.23 crore in FY26. The annual basic earnings per share increased by 28.57 percent and stood at Rs. 1.80 as against Rs. 1.40 recorded in the financial year 2025.

Vishal Mega Mart Limited’s revenue and net profit have grown at a CAGR of 23.72 percent and 47.8 percent, respectively, over the last five years. In terms of return ratios, the company’s ROCE and ROE stand at 13.1 percent and 10.1 percent, respectively. Vishal Mega Mart Limited’s debt-to-equity ratio is 0.27x.

Revenue Segment (FY26 & Q4 FY26):

Vishal Mega Mart generated around Rs. 12,906 crore in revenue from operations during FY26, supported by strong demand across its major retail categories. The company offers products in apparel, general merchandise, and FMCG segments, helping it attract customers from different income groups across urban and semi-urban markets.

FMCG was the largest revenue contributor, accounting for 44.2 percent of total revenue. Apparel contributed 28.5 percent, while general merchandise contributed 27.0 percent. In the fourth quarter, FMCG continued to lead with a 42.6 percent contribution, followed by apparel at 29.1 percent and general merchandise at 27.8 percent. The balanced contribution from all segments reflects the company’s diversified retail business model.

Store Network:

Vishal Mega Mart continued to expand its store network across India during FY26. The company added 25 new stores in the fourth quarter and a total of 105 stores during the full financial year. By March 2026, the company operated 795 stores across 535 cities in 30 states and union territories, showing its strong retail presence in the country.

The company has a wide reach across different regions and city categories. North India has the highest number of stores with 305 outlets, followed by South India with 213 stores and East India with 197 stores. Vishal Mega Mart also has 13.45 million square feet of retail space, helping it serve customers in both large and smaller cities.

Additionally, Vishal Mega Mart has a strong presence across all city tiers, with 205 stores in Tier I cities, 189 in Tier II cities, and 401 in Tier III cities, showing its strong focus on expanding in smaller towns and semi-urban markets.

Company Overview:

Vishal Mega Mart Limited is an Indian retail company engaged in selling apparel, FMCG products, and general merchandise through its large store network across the country. Established in 2001, the company focuses on providing affordable products to middle- and lower-middle-income consumers in urban and semi-urban markets.

The company operates supermarkets and hypermarket-style stores across multiple states in India and has built a strong presence in Tier II and Tier III cities through continuous store expansion and value-based retail offerings.

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