Vishal Mega Mart has unveiled an ambitious expansion strategy, announcing plans to open 100 new stores by the end of FY26. This significant growth initiative was revealed during a recent management concall, highlighting the company's commitment to strengthening its retail footprint across the country.

Expansion Strategy Details

The retail chain's expansion plan represents a substantial increase in its store network, with the company targeting the addition of 100 new outlets over the specified timeframe. This strategic move underscores Vishal Mega Mart's confidence in the retail market and its ability to capture additional market share through geographic expansion.

Growth Implications

The planned store expansion indicates the company's focus on scaling its operations and increasing its market presence. By adding 100 new stores by FY26, Vishal Mega Mart aims to enhance its accessibility to customers across different regions and potentially drive revenue growth through increased retail touchpoints.

This expansion strategy reflects the management's optimistic outlook on the retail sector and the company's operational capabilities to support such significant growth in its store network.

Vishal Mega Mart Limited delivered robust financial performance in Q3FY26, with consolidated profit rising 19.1% year-on-year to ₹3,129.23 million. The retail chain's revenue from operations grew 17.0% to ₹36,704.11 million compared to ₹31,359.38 million in the corresponding quarter of the previous fiscal year.

Quarterly Financial Performance

The company's Q3FY26 results demonstrate strong operational efficiency with profit before tax increasing to ₹4,193.80 million from ₹3,519.10 million in Q3FY25. Total income for the quarter reached ₹36,950.04 million, up from ₹31,549.63 million in the year-ago period.

Nine-Month Performance Highlights

For the nine months ended December 31, 2025, Vishal Mega Mart reported consolidated profit of ₹6,713.08 million, marking a significant 29.9% increase from ₹5,168.55 million in the corresponding period of FY25. Revenue from operations for the nine-month period grew 19.9% to ₹97,922.17 million from ₹81,684.51 million.

Operational Metrics and Earnings

The company's earnings per share for Q3FY26 stood at ₹0.67 (basic) and ₹0.66 (diluted) compared to ₹0.58 and ₹0.57 respectively in Q3FY25. For the nine-month period, basic EPS increased to ₹1.44 from ₹1.15 in the previous year.

Total expenses for Q3FY26 were ₹32,756.24 million, up from ₹28,030.53 million in Q3FY25, primarily driven by higher purchases of stock-in-trade which increased to ₹21,980.71 million from ₹19,077.87 million.

Regulatory Compliance and Governance

The Board of Directors approved these unaudited consolidated and standalone financial results at their meeting held on January 27, 2026. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) and comply with SEBI Listing Regulations. Walker Chandiok & Co LLP, the company's statutory auditors, conducted a limited review of the financial results as required under Regulation 33 of SEBI regulations.

The company noted the implementation of new Labour Codes notified by the Government of India on November 21, 2025, which consolidate twenty-nine existing labour laws. Management assessed the incremental impact as not material to the financial results for the period ended December 31, 2025.