Vishal Mega Mart holds FY27 growth line as Zudio, Meesho, quick commerce crowd in
CEO reaffirms IPO-era guidance of ~20% revenue, 25% EBITDA and 30% PAT growth. Q3FY26 revenue rose 17% YoY to ₹3,670.4 cr; EBITDA margin expanded to 16.5%. 9M SSSG at 10.3% signals durable demand in value retail despite rising competition from fast fashion and quick commerce.
What happened
Vishal Mega Mart CEO Kapur reaffirms full-year guidance and expects steady growth through FY27 despite competition from Zudio, Meesho and quick commerce. Q3FY26
Key facts
- FY26 9M: 10.3% SSSG, 20% revenue growth, 24.4% EBITDA growth, 30% PAT growth
- Q2FY26: 12.8% SSSG, 30% EBITDA growth, 46.5% PAT growth
- Q3FY26 revenue ₹3,670.4 cr (+17% YoY)
- Q3FY26 EBITDA ₹605.1 cr (+19.8%), margin 16.5% vs 16.1%
- Q3FY26 PAT ₹312.9 cr (+19.1%)
- IPO guidance: ~20% revenue, 25% EBITDA, 30% PAT growth
- Market cap ~₹55,678.83 cr
- Stock up ~18% over past year
Why this matters
Durable value-retail demand amid quick commerce crowding strengthens the case for tuck-in regional chain or private-label supply acquisitions to widen the moat before Zudio and Meesho fully scale tier-2 overlap.