Vishal Mega Mart Q4 Results: Revenue growth of 22%, margins narrow; stock recovers losses

Vishal Mega Mart Ltd. reported a strong set of earnings for the March quarter on Thursday, May 14, with revenue, operating profit and net profit all registering healthy year-on-year growth.Revenue for Q4FY26 rose 22% year-on-year to ₹3,114 crore from ₹2,547.8 crore in the same quarter last year. Net profit for the quarter jumped 46% year-on-year to ₹168 crore from ₹115 crore.

EBITDA increased 19% to ₹424.6 crore, compared to the year-ago period. However, EBITDA margin narrowed by 40 basis points to 13.6% from 14% last year.As of March 31, 2026, Vishal Mega Mart operated 795 stores across 535 cities, covering a total retail area of 13.45 million square feet.

“Our expansion strategy remained firmly on track with gross new store openings of 25 during the quarter and 105 during the full year, further strengthening our network and market presence,” Managing Director and Chief Executive Officer Gunender Kapur said in the company’s statement.

The company also said it is closely monitoring the macroeconomic environment and evolving geopolitical developments, while continuing to navigate market conditions with agility.

Shares of Vishal Mega Mart were trading 3.47% lower at ₹115.35 following the results announcement. The stock is down 15% so far this year.