V-Mart Retail Limited share price

NSE: VMART · ISIN INE665J01013

Key numbers

Market cap
₹ 6,049 Cr
Current price
₹ 760.10
52-week high / low
₹ 888 / 458
Stock P/E
44.1
Book value
₹ 119.7
Dividend yield
0.13%
ROCE
13.1%
ROE
14.1%
Debt to equity
1.01
Sales growth (3 yrs)
15.5%
Profit growth (3 yrs)
-
1-year return
5.2%

About V-Mart Retail Limited

V-Mart Retail Limited operates a chain of retail departmental stores in India. The company offers casual, formal, ethnic, sports, inner, and night wear for men, women, and kids. It also provides accessories and non-apparel products, such as beauty and fashion accessories, footwear, home needs, bags/luggage, toys, and tech wearables and audio accessories; and general merchandise products, including personal and home essentials, package food, non-food, and staples; as well as home furnishings. The company was incorporated in 2002 and is headquartered in Gurugram, India.

Quarterly results

Consolidated figures in ₹ crores

Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8858071,1269711,089
Operating profit12672210106161
Net profit34-9881147
EPS (₹)4.23-1.1211.081.495.94

Concall summary (2026-07-30)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • So, the reasons for consumption are certainly going up, are increasing, then we saw Adhik Maas also in this particular quarter where we had expected the Adhik Maas to be little bad because in the past, we have seen that Adhik Maas usually is not by the buying month.
  • I think they are becoming more confident, and they want to only wear what they want to wear.

Growth & demand

  • I think overall we did grow, overall, our growth of 23% with 9% like -for-like growth has been there, which is what we would call is the 11th quarter in the consecutiveness where we are delivering positive like-for-like growth.
  • The Unlimited format in South India continued its strong momentum, deliverin g 33% revenue growth and 40% EBITDA growth for the quarter, with sales per square feet reaching INR 710 per square feet , which is also up 18% year -on-year.

Margins & costs

  • Gross margin for the quarter declined 80 bps to 34.5%, primarily on account of a mix change and regular provision on aged inventory, which in fact, Lalit has also spoken about, where we are very stringent on how we handle our inventory.
  • As a result of a healthy SSG and sustained operational efficiency, our pre-IndAS EBITDA grew 36% year-on-year to INR 83 crore, with margin expanding to 7.6% from 6.9%.

Capex & expansion

  • CAPEX for the quarter stood at INR 38 crores, primarily towards new store additions and selective refurbishments.
  • Our expansion guidance for the year remains unchanged at 90+ as we continue expansion with a healthy store pipeline in place.

Balance sheet & cash

  • V-Mart Retail Limited July 27, 2026 Total expenses increased by 15%, well below the 23% revenue growth, providing a comfortable 150 bps operating leverage, which more than made up for the gross margin contraction.
  • The business generated positive cash flows of INR 76 crores.

Peers in Department Stores

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