Investec initiates 'Buy' on Vishal Mega Mart, sees 21% upside on double-engine growth
Brokerage starts coverage with Rs 144 target (CMP Rs 118.90), citing 795-store footprint, 74% private-label mix, and 10% SSSG. Projects 18% revenue and 21% EPS CAGR over FY26-29, anchored by 13% annual store additions in tier-2/3 value retail.
Investec initiated 'Buy' on Vishal Mega Mart with Rs 144 target (21% upside), citing 795-store scale, 74% private-label mix, and a double-engine growth story projecting 18% revenue and 21% EPS CAGR over FY26-29.