Vishal Mega Mart Ltd
NSE:VMM
Vishal Mega Mart Ltd
Vishal Mega Mart Ltd is a IN-based company operating in Broadline Retail industry. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2024-12-18. Vishal Mega Mart Limited is an India-based company that curates a range of merchandize through its portfolio of own brands and third-party brands to fulfil daily needs of consumers. The company offers products across three major product categories: apparel, general merchandise and fast-moving consumer goods. Its apparel category comprises exclusively of its own brands with a range of apparel for all members of a family. Its apparel category products include shirts, denim, formal wear, children, and infants. Its general merchandize and fast-moving consumer goods categories comprise its own brand and third-party brand products. Its general merchandize category products include home appliances, crockery and utensils, travel products and footwear. Its fast-moving consumer goods category products include packaged food, staples and non-food categories. The company has a pan-India network of around 626 Vishal Mega Mart stores. The company also sells its products through Vishal Mega Mart mobile application and Website.
Vishal Mega Mart Ltd is a IN-based company operating in Broadline Retail industry. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2024-12-18. Vishal Mega Mart Limited is an India-based company that curates a range of merchandize through its portfolio of own brands and third-party brands to fulfil daily needs of consumers. The company offers products across three major product categories: apparel, general merchandise and fast-moving consumer goods. Its apparel category comprises exclusively of its own brands with a range of apparel for all members of a family. Its apparel category products include shirts, denim, formal wear, children, and infants. Its general merchandize and fast-moving consumer goods categories comprise its own brand and third-party brand products. Its general merchandize category products include home appliances, crockery and utensils, travel products and footwear. Its fast-moving consumer goods category products include packaged food, staples and non-food categories. The company has a pan-India network of around 626 Vishal Mega Mart stores. The company also sells its products through Vishal Mega Mart mobile application and Website.
Revenue Growth: Vishal Mega Mart reported Q3 revenue of INR 3,670 crores, up 17% year-on-year, and 9-month revenue of INR 9,792 crores, up 19.9%.
Double-Digit SSSG: Adjusted same-store sales growth (SSSG) was 9.6% for Q3 and 10.3% for the 9 months, demonstrating consistently strong in-store performance.
Profitability: EBITDA for Q3 was INR 605 crores (up 19.8%) and PAT was INR 313 crores (up 19.1%). Margins improved slightly year-over-year.
Store Expansion: 29 new stores were opened in Q3 and 80 in the 9 months, on track to exceed full-year guidance with a current total of 771 stores.
Quick Commerce Growth: Quick commerce operations expanded to 723 stores across 485 cities, now reaching 12 million registered users.
Positive Outlook: Management expects to maintain around 10% SSSG and 19-20% overall sales growth going forward, citing confidence in strategy and market trends.
Market Share Gains: Growth is mainly driven by increased transactions and market share gains from traditional and organized competitors.
