V-Mart Q1 revenue rises 23% to Rs 1,089 crore; profit jumps 40.5%

V-Mart Retail reported Q1 FY2027 net profit of Rs 47.2 crore, up from Rs 33.6 crore a year earlier. EBITDA grew 27.3% to Rs 161 crore, while margin expanded 50 basis points to 14.8%.

— Source publishedFri, 24 Jul, 2026, 14:34 IST·First seen Fri, 24 Jul, 2026, 14:41 IST·Source NDTV Profit

What happened

V-Mart Retail posted strong Q1 FY2027 performance, with revenue rising 23% to Rs 1,089 crore and net profit increasing 40.5% to Rs 47.2 crore. EBITDA margin

Key facts

  • Q1 FY2027 consolidated net profit: Rs 47.2 crore, up 40.5% YoY from Rs 33.6 crore
  • Revenue from operations: Rs 1,089 crore, up 23% YoY from Rs 885 crore
  • EBITDA: Rs 161 crore, up 27.3% YoY from Rs 126 crore
  • EBITDA margin: 14.8%, versus 14.3%
  • Suraj Rathor appointed head of finance effective July 24, 2026
  • Stock traded around Rs 765; market capitalisation Rs 6,089.4 crore

Why this matters

V-Mart’s expanding scale, 14.8% EBITDA margin and strong value-retail momentum reinforce its strategic appeal as a regional consolidation or partnership candidate.

What to watch

  • Same-store sales growth and customer footfall trends in the next quarter.
  • Net store additions, store maturity curve and sales per square foot.
  • Gross-margin movement, markdown levels and inventory ageing after the festive season.
  • Rural income, monsoon performance and discretionary spending trends in core markets.
  • Cotton, man-made fibre, freight and wage-cost inflation.
  • Competitive promotions and expansion by Reliance Retail, Zudio, Max and regional value-fashion chains.
  • Management guidance on FY2027 revenue growth, EBITDA margin and capital expenditure.
  • Accelerate net store additions in underserved tier-2, tier-3 and tier-4 catchments.
  • Increase festive-season inventory commitments in core apparel, family fashion and value-led categories.
  • Use the improved margin base to selectively invest in private labels, merchandising and supply-chain efficiency.
  • Prioritize productivity at recently opened stores and evaluate further omnichannel fulfillment expansion.
  • Maintain promotions selectively to protect market share without sacrificing gross-margin gains.