Vishal Mega Mart Ltd.revenue +14%, SSSG 5.4% on festival shift

Vishal Mega Mart's Q2 FY27 call, held on 21 October 2026, reported revenue from operations of ₹3,399 crore, up 14%, with same-store sales growth of 5.4%, or about 9% after adjusting for the festival season shifting from September to October.

Operating EBITDA was ₹262 crore, up 3.7%, at a margin of 7.7% against 8.5%, and profit after tax adjusted for ESOP charges was ₹172 crore, up 6.4%. For the half, revenue rose 16.4% to ₹7,126 crore and operating EBITDA 12.5%. The company opened 26 gross stores in Q2, reaching 844 stores in 582 cities, launched its first Belong & Co. pilot store, and kept its guide of more than 100 openings this year. Management took no price rises on opening price points, expects stable gross margin in the second half, and said a strong festival start shows no demand moderation.

Same-store sales growth must exceed 10% in Q3 to reach double digits for nine months. Of 10 earlier promises, four were met, four are on track, one is partly met and one was not mentioned.