V-Mart Retail revenue rises 16%, EBITDA up 36% in FY26
V-Mart Retail Limited reported a 16% increase in revenue to Rs. 3,789 crore and a 36% increase in EBITDA to Rs. 513 crore for the financial year ended March 31, 2026. The company remained debt-free and cash-generative, with Same Store Sales Growth at 5%.
*this image is generated using AI for illustrative purposes only.
V-Mart Retail Limited reported a 16% increase in revenue to Rs. 3,789 crore for the financial year ended March 31, 2026, compared to Rs. 3,253.86 crore in the previous year. EBITDA rose 36% to Rs. 513 crore, with margins expanding to 13.6%. Profit After Tax reached Rs. 124 crore.
The company’s operational footprint expanded to 577 stores across 28 states during the year. Private label brands contributed approximately 70% of revenue. The company maintained a debt-free position and remained cash-generative. Same Store Sales Growth (SSSG) was 5% for the year.
Financial Performance
| Metric | FY 2025-26 (Rs. in Lakhs) | FY 2024-25 (Rs. in Lakhs) | Growth (%) |
|---|---|---|---|
| Revenue from operations | 3,78,936 | 3,25,386 | 16% |
| EBITDA | 51,346 | 37,711 | 36% |
| Profit After Tax | 12,400 | 4,577 | 171% |
| EBITDA Margin (%) | 13.6 | 11.6 | 200 bps |
Operational Highlights
V-Mart focused on strengthening its position as a value fashion retailer through disciplined expansion and digital transformation. The company’s integrated retail ecosystem, spanning physical stores and digital channels, supported profitable growth. Private labels continued to be a key strategic lever, contributing approximately 70% of revenues.
To improve responsiveness and merchandise agility, the company strengthened its Product Lifecycle Management (PLM) framework and Design-to-Display processes. This helped reduce the order-to-shelf cycle from approximately 80 days to 70–75 days. The 1-Click Omni capability enabled customers to access a wider assortment, contributing nearly 30% of platform orders.
Technology played a critical role in operational excellence. The company developed a unified Digital Spine, integrating product, inventory, store and customer data. Advanced analytics and machine learning models supported forecasting, replenishment and inventory allocation, contributing to an 84% season sell-through and 93 days of closing inventory.
Strategic Outlook
The company remains focused on profitable and capital-disciplined growth. It aims to build a Rs. 10,000 crore business in scale, trust, capability and customer impact. The strategy focuses on expanding reach, strengthening merchandising and delivering fashionable products at accessible price points.
The company is navigating a volatile geopolitical landscape and inflationary pressures. Its preparedness is rooted in agility, combining data-driven merchandising, sharper pricing strategies and long-standing vendor relationships.
Historical Stock Returns for V Mart Retail
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.18% | +5.82% | +16.70% | +8.64% | +0.26% | +10.93% |
What specific strategies will V-Mart employ to maintain the 5% Same Store Sales Growth amidst rising inflationary pressures?
How will the company leverage its debt-free status to accelerate the goal of reaching a Rs. 10,000 crore business scale?
Can further reductions in the order-to-shelf cycle be expected, and what impact will this have on working capital efficiency?
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