V-Mart lifts FY26 store target to ~70 from planned 60 on tier-2/3 demand
V-Mart Retail is accelerating store openings to about 70 versus a guided 60 in FY26, citing strong tier-2/3 demand and festive footfalls. It targets ~15% revenue growth with high single-digit SSSG and margin expansion as new stores mature.
What happened
V-Mart Retail is accelerating store openings to about 70 from a planned 60 in FY26, citing strong tier-2/3 demand and festive footfalls. It targets ~15% revenue
Key facts
- 60 stores guided
- ~70 stores expected
- 15% revenue growth FY26
- high single-digit SSSG
Why this matters
V-Mart's accelerated tier-2/3 expansion underscores the value-apparel land-grab, raising the strategic premium on regional store networks and partnership or acquisition opportunities in underpenetrated geographies.
What to watch
- Festive/Q3 footfall and SSSG print confirming demand strength
- Pre-opening cost and rent inflation in expansion markets
- Competitive store openings by value retailers in same catchments
- Inventory days and markdown levels signaling demand mismatch
- Any revision back toward 60 stores or capex guidance change
- Monitor quarterly SSSG and revenue-per-square-foot trends for new vs mature stores
- Watch capex and working-capital (inventory) buildup against opening pace
- Track gross margin and EBITDA margin trajectory through FY26 quarters
- Assess store-cluster economics in newly entered tier-2/3 geographies