V-Mart Retail delivered impressive Q1 FY27 results with consolidated net profit surging 40.5% year-on-year to ₹47.21 crore for the quarter ended June 30, 2026, compared to ₹33.60 crore in the corresponding quarter last year. According to company reports, revenue from operations increased 23% YoY to ₹1,088.81 crore as compared to ₹885.22 crore in Q1 FY26. The company's total income for the quarter reached ₹1,091.46 crore, while total expenses stood at ₹1,031.94 crore compared to ₹845.21 crore in the year-ago quarter. Profit before tax increased significantly to ₹59.52 crore from ₹42.94 crore a year earlier, demonstrating strong operational efficiency across all business segments.
The company's financial performance showed significant improvement with basic earnings per share (EPS) increasing to ₹5.94 from ₹4.23 in the same quarter last year. Diluted EPS for the period was ₹5.91, reflecting the company's enhanced profitability. The EBITDA rose 27.3% year-on-year to ₹161 crore from ₹126 crore, with EBITDA margin expanding to 14.8% from 14.3% in the same quarter of the previous fiscal year. The company also reported an exceptional gain of ₹0.92 crore in the quarter ended March 31, 2026, attributed to the impact of new Labour Codes, as disclosed in the financial results.
The board of directors approved the appointment of Suraj Rathor as Head of Finance and designated as Senior Management Personnel, effective July 24, 2026. Rathor brings over 15 years of experience across the retail, F&B, and FMCG sectors. He joined V-Mart in 2023 as the Head of FP&A, leading financial controllership, strategic planning, analytics, financial reporting, and investor relations. Prior to V-Mart, Rathor held business controllership roles at Devyani International Limited and spent eight years with KPMG. The board meeting on July 24, 2026, approved the unaudited financial results for the first quarter ended June 30, 2026, which were reviewed by the Audit Committee and subsequently approved by the Board.
The retail chain demonstrated strong operational momentum with same-store sales growth (SSSG) increasing over 9% YoY in the June quarter of FY27. As reported by the company, V-Mart recorded over 8% SSSG while Unlimited achieved more than 13% growth. During Q1 FY27, V-Mart opened 15 stores and closed one store, resulting in a total operating portfolio of 591 stores as of June 30, 2026. The new store additions included seven stores in Uttar Pradesh, two in Uttarakhand, and one store each in Gujarat, Jharkhand, New Delhi, Tamil Nadu, and West Bengal. As of June 30, 2026, V-Mart operated 591 stores totalling 50 lakh sq. ft. of retail area. The store distribution includes Tier 1 cities with 135 stores, Tier 2 with 80 stores, Tier 3 with 308 stores, and Tier 4 with 68 stores.
Shares of V-Mart Retail settled at ₹726 apiece on Friday, down 4.42% from the previous close despite the strong quarterly results. However, domestic brokerage Systematix reiterated its Buy rating on the value-fashion retailer and raised its target price to ₹902 from ₹882, implying an upside potential of about 26% from the current market price of ₹715. The brokerage noted that V-Mart's operational performance in the June quarter was broadly in line with expectations, with growth driven by healthy store additions, improving productivity and strong traction across both the V-Mart and Unlimited formats. The market reaction suggests investor focus may be on broader market conditions rather than the company's operational performance, as the stock declined despite the impressive 40.5% profit growth and 23% revenue increase reported in Q1 FY27.
