Vishal Mega Mart Q1 FY27 profit rises 26% as revenue reaches Rs 3,727 crore

Vishal Mega Mart posted consolidated net profit of Rs 259 crore for Q1 FY27, up 25.6% year on year, while revenue grew 18.7%. EBITDA rose 18.6% to Rs 545 crore and margin held steady at 14.6%. The board also approved a 49.99% aggregate foreign ownership cap.

— Source publishedThu, 23 Jul, 2026, 13:05 IST·First seen Thu, 23 Jul, 2026, 13:41 IST·Source NDTV Profit

What happened

Vishal Mega Mart reported Q1 FY27 consolidated profit growth of 25.6% and revenue growth of 18.7%, while EBITDA margin held at 14.6%. Its board also approved a

Key facts

  • Q1 FY27 consolidated net profit: Rs 259 crore, up 25.6% YoY from Rs 206 crore
  • Q1 FY27 revenue: Rs 3,727 crore, up 18.7% YoY from Rs 3,140 crore
  • Q1 FY27 EBITDA: Rs 545 crore, up 18.6% YoY from Rs 459 crore
  • EBITDA margin: 14.6%, unchanged YoY
  • Aggregate foreign ownership cap approved: 49.99%

Why this matters

The newly approved 49.99% foreign ownership cap could broaden Vishal Mega Mart’s access to international capital and strategic partners.

What to watch

  • Quarterly same-store sales growth versus total revenue growth, indicating whether expansion or underlying store productivity is driving performance.
  • EBITDA margin movement from the 14.6% base, especially amid store-opening, logistics and promotional investment.
  • Store additions, closures and stated payback periods for new locations.
  • Private-label mix, gross-margin trend and inventory days.
  • Foreign portfolio ownership changes, trading liquidity and any capital-raising activity following the 49.99% foreign ownership cap approval.
  • Competitive pricing and expansion actions by other Indian value retailers, hypermarkets and e-commerce discount platforms.
  • Consumer demand trends in mass-market apparel, FMCG and general merchandise, particularly in smaller cities.
  • Prioritize store expansion in underpenetrated tier-2, tier-3 and peri-urban catchments while protecting store-level payback thresholds.
  • Increase private-label penetration and direct sourcing to preserve gross margin amid value-price competition.
  • Use the expanded foreign ownership headroom to broaden institutional investor access and improve stock liquidity, subject to actual foreign investor demand.
  • Invest in regional distribution, inventory forecasting and replenishment systems to reduce stock-outs and markdown risk as the store network grows.
  • Maintain selective promotional intensity, focusing discounts on traffic-driving essentials while protecting margins in apparel, general merchandise and higher-margin private labels.