Vishal Mega Mart posts Q1 beat as revenue rises 19% and network reaches 819 stores
Vishal Mega Mart reported Q1 revenue of Rs 3,727 crore, up 18.7% year on year, while net profit grew 25.6% to Rs 259 crore. The value retailer added 24 net stores, lifted same-store sales 10%, and expanded its quick-commerce user base 44% to about 14 million.
Vishal Mega Mart beat Q1 expectations with revenue up 19% and profit up 26%. It added 24 stores, reached 819 outlets, and expanded quick commerce. Jefferies expects easing inflation, store growth and operating leverage to support earnings.
Why this matters
The Q1 update confirms recent Vishal Mega Mart signals reporting profit growth of about 26% to ₹259 crore and revenue of ₹3,727 crore, following a July 23 earnings-preview signal.
Retail-company signals are accelerating, up 1,074,900% quarter on quarter.