Vishal Mega Mart Posts Robust Q1 Growth on Higher Margins
The retailer's profit jumped 54% sequentially, supported by a sharp rise in net profit margin to 6.9%.
Vishal Mega Mart reported a strong start to FY27, with revenue up 18.7% year-on-year and profit surging 25.6%. Sequential growth was even more impressive.
Vishal Mega Mart has kicked off FY27 with a robust quarter, showing healthy growth in both sales and profitability. Revenue for the quarter ended June 2026 rose 18.7% year-on-year to ₹3,727 crore, while profit grew even faster at 25.6% to ₹258.8 crore. This performance was driven by a significant improvement in net profit margin, which expanded to 6.9% from 6.6% a year ago.
The sequential improvement was even more striking. Compared to the March 2026 quarter, revenue grew 19.7% and profit surged 54.1%. This sharp profit jump reflects a strong recovery in profitability from the previous quarter's margin of 5.4%. The company's trailing-twelve-month (TTM) net profit margin stands at 6.6%, with total TTM profit of ₹892 crore on revenue of ₹13,493 crore.
A look at the last five quarters shows a volatile but improving trend in profitability, with the latest quarter marking a strong rebound.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | 3,727.0YoY +19% | 3,114.1 | 3,140.3 |
| Profit (₹ Cr) | 258.8YoY +26% | 167.9 | 206.1 |
| Net Profit Margin (%) | 6.9YoY +4.5% | 5.4 | 6.6 |
Key Points
- The company maintains a debt-free balance sheet, with a debt-to-equity ratio of 0.0.
- Return on Capital Employed (ROCE) remains healthy at 17.1%.
- The stock's valuation, at a P/E of 75.8, trades at a slight premium to the industry average.
The strong Q1 performance sets a positive tone for the fiscal year, though maintaining the elevated margin levels seen this quarter will be key as the business scales.
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ISIN: INE01EA01019
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