V-Mart Retail has uploaded the recording of its conference call with analysts and investors, which was held on July 27, 2026. The company notified the National Stock Exchange of India Limited and The BSE Ltd on July 28, 2026, confirming that the audio file is now accessible on its official website. This disclosure ensures that stakeholders have equal access to the management’s commentary and responses regarding the company’s performance and outlook discussed during the session.

The filing, bearing reference number CS/S/L-994/2026-27, serves as a follow-up to a previous intimation sent on July 20, 2026 (Ref. No. CS/S/L-986/2026-27). That earlier communication had informed the exchanges about the scheduled conference call date. Megha Tandon, Company Secretary and Compliance Officer of V-Mart Retail Limited, digitally signed the submission on July 28, 2026, at 10:52:52 IST.

Key Details

The recording is hosted directly on the company’s website, allowing investors and analysts to review the discussion at their convenience. V-Mart Retail Limited is listed on both the NSE (Scrip Code: VMART) and the BSE (Scrip Code: 534976). The corporate office is located in Gurugram, Haryana, while the registered office remains in New Delhi.

V-Mart Retail reported a robust start to FY27, with net profit after tax (PAT) rising 41% year-on-year to ₹47.21 crore for the quarter ended June 30, 2026. The growth was fueled by a 23% increase in revenue from operations to ₹1,088.81 crore and strong operational efficiency, marked by improved inventory management and higher footfall. This performance underscores the company's ability to leverage scale while maintaining margin discipline in a competitive retail landscape.

The Board of Directors approved the unaudited financial results on July 24, 2026, pursuant to Regulations 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors S.R. Batliboi & Co. LLP issued the Limited Review Report. In a strategic leadership move, the Board appointed Suraj Rathor as Head of Finance and Senior Management Personnel, effective July 24, 2026. Rathor brings over 15 years of experience across retail, F&B, and FMCG sectors, having previously served as Head of FP&A at V-Mart since 2023. Company Secretary Megha Tandon communicated the results to shareholders on July 27, 2026.

Financial Performance Highlights

V-Mart Retail demonstrated significant operating leverage in Q1FY27. Revenue from operations grew from ₹885.22 crore in Q1FY26 to ₹1,088.81 crore. EBITDA increased by 27% to ₹160.64 crore from ₹126.17 crore, expanding the EBITDA margin by 50 basis points to 14.8% from 14.3%. Profit before tax grew significantly, leading to the 41% surge in PAT. Other income remained relatively stable at ₹2.65 crore compared to ₹2.93 crore in the previous year.

Operational Efficiency and Segment Performance

The company’s same-store sales growth (SSSG) of 9% year-on-year reflects sustained consumer traction. Footfall surged 39% while memo count grew 18%, indicating higher customer engagement. Inventory management saw notable improvement, with inventory days dropping 8% year-on-year to 86 days. This efficiency gain was supported by leaner operations and better stock turnover. V-Mart also added 15 new stores gross during the quarter.

Segment-wise, Retail Trade revenue stood at ₹1,083.48 crore, contributing ₹66.22 crore to segment results. The Digital Marketplace segment reported revenue of ₹10.37 crore with a loss of ₹3.23 crore, showing a significant improvement from a loss of ₹5.06 crore in Q1FY26. The integration of V-Mart’s inventory into online orders remains strong, with private labels contributing over 66% of the apparel business.

What the Numbers Show

The divergence between revenue growth (23%) and PAT growth (41%) highlights substantial operating leverage achieved by V-Mart Retail in Q1FY27. The expansion in both EBITDA and PAT margins by 50 basis points indicates that fixed costs were effectively spread over a larger revenue base while variable costs were controlled. The reduction in inventory days to 86 days suggests improving supply chain efficiency, reducing working capital pressure. Additionally, the narrowing losses at the Digital Marketplace segment alongside revenue growth point to a maturing digital ecosystem that is becoming less of a drag on overall profitability.