V Mart Q2 FY26 Earnings Results

V-Mart Retail is engaged in the business of Value Retailing through the chain of stores situated at various cities in India.

 

Q2 FY26 Earnings Results

• Revenue from Operations: ₹806.9 crore, up 22.0% YoY from ₹660.9 crore in Q2 FY25, though down sequentially from ₹885.2 crore in Q1 FY26.​

• Total Income: ₹810.3 crore, up from ₹662.7 crore a year earlier.​

• EBITDA: ₹71.51 crore, up 85.16% YoY from ₹38.62 crore in Q2 FY25; EBITDA margin improved from ~6% to ~9% YoY.​

• Net Loss: ₹8.87 crore, significantly narrowed from a loss of ₹56.51 crore in Q2 FY25, indicating improved cost management.​

• Expenses: Increased 14.32% YoY to ₹823.91 crore, growth lower than revenue growth showing operational leverage.​

• Same-store sales growth: 11% YoY, with 25 new store openings in Q2 FY26 (total 40 for H1 FY26), enhancing footprint and sales capacity.​

• Digital marketplace segment declined ~33% YoY, highlighting challenges in the e-commerce channel.​

 

Management Commentary & Strategic Insights

• Management described demand as healthy overall, supported by stable inflation and government GST reductions, though the online segment was weak.

• The company is emphasizing its ‘Value Fashion’ strategy targeting rural markets and continues to improve supply chain digitization and inventory efficiency.

• Focus on profitable growth by optimizing store mix, reducing inventory days, and enhancing operational efficiencies.

• Strategic store expansion, coupled with improving same-store sales, is expected to sustain revenue growth.

• Management remains cautiously optimistic about demand recovery and profitability improvements in the coming quarters.​

 

 

Q1 FY26 Earnings Results

• Revenue from Operations: ₹885 crore, up 12.6% YoY from ₹786 crore in Q1 FY25.​

• Net Profit (PAT): ₹34 crore, a strong 177% YoY increase from ₹12 crore in Q1 FY25, showing recovery momentum.​

• EBITDA: ₹126 crore, up 27% YoY; EBITDA margin expanded to 14.3% from 12.6% YoY.​

• Same-store sales growth: 1% YoY, normalized to 5% adjusting for preponed festivities.

• Added 15 new stores in Q1 FY26.​

• Management highlighted improvements in footfalls, transaction values, and inventory management.

 

To view the company’s previous earnings and latest concall transcripts, click here  to visit the Alphastreet India news channel.