Governance Neutral

2026-11-02 18:33

CRITICAL RED FLAG DETECTED

- Ms. Soumya Rajan has resigned as the Independent Director of Vishal Mega Mart Limited with effect from November 02, 2026. - The resignation is attributed to increasing professional commitments to her company, Waterfield Advisors. - She confirmed there are no other material reasons for her resignation.

Governance Negative

2026-11-02 18:32

CRITICAL RED FLAG DETECTED

- Ms. Soumya Rajan has resigned as the Independent Director of Vishal Mega Mart Limited with effect from the close of business hours on November 02, 2026. - The resignation is due to increasing professional commitments at her company, Waterfield Advisors. - She confirmed that there are no other material reasons for her resignation.

Governance Negative

2026-11-02 18:26

CRITICAL RED FLAG DETECTED

- Ms. Soumya Rajan has resigned as the Independent Director of Vishal Mega Mart Limited with effect from the close of business hours on November 02, 2026. - The resignation is due to increasing professional commitments to her own company, Waterfield Advisors. - She confirmed that there are no other material reasons for her resignation.

Governance Negative

2026-11-02 18:25

CRITICAL RED FLAG DETECTED

- Ms. Soumya Rajan resigned as Independent Director of Vishal Mega Mart Limited with effect from the close of business hours on November 02, 2026. - The resignation is due to increasing professional commitments to her company, Waterfield Advisors. - She confirmed there are no other material reasons for her resignation.

Governance Negative

2026-11-02 18:24

CRITICAL RED FLAG DETECTED

- Ms. Soumya Rajan has resigned as the Independent Director of Vishal Mega Mart Limited with effect from the close of business hours on November 02, 2026. - The resignation is attributed to increasing professional commitments to her own company, Waterfield Advisors. - She confirmed that there are no other material reasons for her resignation.

Governance Negative

2026-11-02 18:19

CRITICAL RED FLAG DETECTED

- Resignation of Ms. Soumya Rajan as Non-Executive Independent Director of Vishal Mega Mart Limited effective November 02, 2026. - Reason for resignation is stated as increasing professional commitments to her company, Waterfield Advisors. - Confirmation provided that there are no other material reasons for her resignation.

Governance Neutral

2026-10-30 17:40

- Vishal Mega Mart Limited has appointed Ms. Ashok Revathy as an Additional Director in the category of Non-Executive Independent Director. - The appointment is effective from October 30, 2026, for a first term of 5 consecutive years, not liable to retire by rotation. - Ms. Revathy brings over 30 years of leadership experience across private equity, retail, manufacturing, and IT services.

Governance Neutral

2026-10-30 17:40

- Vishal Mega Mart Limited has appointed Ms. Ashok Revathy as an Additional Director in the capacity of Independent Director with effect from October 30, 2026. - Her appointment is for a first term of 5 consecutive years, not liable to retire by rotation, subject to shareholder approval.

Governance Neutral

2026-10-30 17:38

- Appointment of Ms. Ashok Revathy as an Additional Director in the capacity of Independent Director effective October 30, 2026. - Appointed for a first term of 5 consecutive years, not liable to retire by rotation, subject to shareholder approval.

Business Update Positive

2026-10-26 13:14

Current scenario - Revenue from operations grew by 14% YoY to INR3,399 crores in Q2 FY27, with same-store sales growth (SSSG) at 5.4% (impacted by 3-4% due to the shift of festivals to Q3). - Operating EBITDA for Q2 FY27 stood at INR262 crores, reflecting a 3.7% growth YoY with a margin of 7.7%. - Profit after tax (adjusted for ESOP) grew by 6.4% YoY to INR172 crores. - First-half (H1 FY27) revenue from operations grew by 16.4% to INR7,126 crores, with SSSG at 7.7% and adjusted PAT at INR437 crores. Changes in trends - Private brands contributed 74% to revenue in H1 FY27. - Added 26 gross new stores in Q2 FY27 (total store count reaching 844 across 582 cities), with a strong focus on Tier 2 and Tier 3 cities and expansion in Southern markets like Kerala. - Launched the first pilot store of 'Belong & Co.', a new apparel format targeting young urban consumers. - Quick commerce expanded to 781 stores across 532 cities, crossing 1.5 crore registered users. Management Guidance & Outlook - Management remains confident of achieving double-digit SSSG for the full year, anticipating stronger growth in Q3 due to the festive shift. - Committed to opening more than 100 stores annually, scaling up store additions each subsequent year. - Gross margins are expected to remain stable with no further price hikes planned at opening price points to protect vulnerable consumers from inflation.

Business Update Positive

2026-10-26 13:13

Current scenario: - Q2 FY27 revenue from operations grew 14% YoY to INR3,399 crores with SSSG at 5.4% (impacted by 3-4% due to festive shift to Q3). - Adjusted PAT grew 6.4% YoY to INR172 crores; Operating EBITDA stood at INR262 crores (margin 7.7%). - H1 FY27 revenue from operations grew 16.4% to INR7,126 crores with SSSG at 7.7% and adjusted PAT up 15.8% to INR437 crores. - Total store count reached 844 across 582 cities after adding 53 new stores in H1 FY27. Changes in trends: - Festive season shift caused temporary operating deleverage in Q2, but Q3 has started strongly. - Private brands contributed 74% to H1 FY27 revenue. - Quick commerce expanded to 781 stores across 532 cities with over 1.5 crore registered users. Management Guidance & Outlook: - Targeting double-digit SSSG for the full year and aiming to open more than 100 stores annually, accelerating store additions each year. - Confident of maintaining gross margins in H2 through cost reengineering; no further price hikes planned at opening price points to protect vulnerable consumers. - Aiming for consistent improvements in EBITDA margins driven by operating leverage where growth outpaces store-level cost inflation of 6-7%.

Business Update Neutral

2026-10-21 17:59

- Vishal Mega Mart Limited has made available the audio recording of the earnings conference call held on October 21, 2026. - The call was regarding the financial results for the quarter and half year ended September 30, 2026. - The audio recording can be accessed through the link provided on the company's official website.

Routine Neutral

2026-10-21 17:57

- Vishal Mega Mart Limited has submitted the audio recording link of the Earnings Conference Call held on October 21, 2026. - The call was regarding the financial results for the quarter and half year ended September 30, 2026. - The recording is made available on the company's official website.

Financials Neutral

2026-10-21 13:21

Q2 FY27 Consolidated Revenue ₹3,398.53 Cr vs ₹2,981.49 Cr (▲14.0% YoY) EBITDA ₹412.04 Cr vs ₹394.55 Cr (▲4.4% YoY) PAT ₹157.88 Cr vs ₹152.31 Cr (▲3.7% YoY) EBITDA Margin 12.12% vs 13.23% (▼111bps)

Business Update Positive

2026-10-21 13:17

- Q2FY27 Revenue from Operations stood at ₹3,398.5 Cr vs ₹2,981.5 Cr YoY; SSSG at 5.4% (adjusted ~9%). - Operating EBITDA reached ₹262.2 Cr (7.7% margin) vs ₹252.9 Cr (8.5% margin). - Store count expanded to 844 across 582 cities with 26 gross additions in Q2FY27. - Launched pilot store for new apparel format 'Belong & Co.'.

Business Update Neutral

2026-10-21 13:16

- Q2FY27 Revenue from operations increased to ₹2,018.9 Cr vs ₹1,734.4 Cr YoY; Operating EBITDA stood at ₹172.0 Cr. - Added 25 net stores in Q2FY27, reaching a total footprint of 844 stores across 582 cities. - Launched first pilot store of new apparel format 'Belong & Co.'

Financials Neutral

2026-10-21 13:09

Q2 FY27 Consolidated Revenue ₹3,398.5Cr vs ₹2,981.5Cr (▲14.0% YoY) EBITDA ₹412.0Cr vs ₹394.6Cr (▲4.4% YoY) PAT ₹157.9Cr vs ₹152.3Cr (▲3.7% YoY) EBITDA Margin 12.1% vs 13.2% (▼110bps)

Business Update Neutral

2026-10-21 13:08

- Q2 FY27 consolidated revenue from operations grew 14.0% YoY to ₹3,398.5 Cr. - Reported EBITDA increased 4.4% YoY to ₹412.0 Cr with margin at 12.1% (vs 13.2% in Q2 FY26). - PAT grew 3.7% YoY to ₹157.9 Cr. - Total store count reached 844 with 25 net store additions during the quarter.

Financials Neutral

2026-10-21 13:06

Q2 FY27 Consolidated Revenue ₹3,398.53Cr vs ₹2,981.49Cr (▲14.0% YoY) EBITDA ₹412.04Cr vs ₹394.55Cr (▲4.4% YoY) PAT ₹157.88Cr vs ₹152.31Cr (▲3.7% YoY) EBITDA Margin 12.12% vs 13.23% (▼111bps)

Financials Neutral

2026-10-21 13:04

Q2 FY27 Consolidated Revenue ₹3,398.53 Cr vs ₹2,981.49 Cr (▲14% YoY) EBITDA ₹412.04 Cr vs ₹394.55 Cr (▲4.4% YoY) PAT ₹157.88 Cr vs ₹152.31 Cr (▲3.7% YoY) EBITDA Margin 12.12% vs 13.23% (▼111bps)

Business Update Neutral

2026-10-15 16:46

Concall Schedule Concall Date: October 21, 2026 Concall Time: 04:00 PM (IST) Purpose: To discuss Q2FY27 and H1FY27 financial results.

Business Update Neutral

2026-10-15 16:45

Concall Schedule Concall Date: October 21, 2026 Concall Time: 04:00 PM (IST)

Governance Neutral

2026-10-14 12:49

- Board meeting scheduled for Wednesday, October 21, 2026. - To consider and approve Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. - Trading window remains closed until 48 hours after result declaration.

Routine Neutral

2026-09-24 16:56

- Trading window closed from October 01, 2026, for designated persons and immediate relatives. - Reopens 48 hours after declaration of financial results for the quarter and half-year ending September 30, 2026. - Board meeting date to approve results will be announced in due course.

Governance Positive

2026-09-19 15:22

- At the 8th AGM on Sep 18, 2026, members approved the re-appointment of Ms. Neha Bansal as Non-Executive Independent Director for 1 year (Sep 23, 2026 - Sep 22, 2027). - Mr. Gunender Kapur was re-appointed as Founder, Managing Director & CEO for 5 years (Sep 01, 2026 - Aug 31, 2031), along with his re-designation.

Governance Neutral

2026-09-19 15:22

- 8th Annual General Meeting (AGM) held on September 18, 2026, approved the re-appointment of Ms. Neha Bansal as Non-Executive Independent Director for 1 year (Sep 23, 2026 - Sep 22, 2027). - AGM also approved the re-appointment of Mr. Gunender Kapur as Founder, Managing Director & Chief Executive Officer for 5 years (Sep 1, 2026 - Aug 31, 2031).

Governance Positive

2026-09-19 15:16

- At its 8th AGM on Sep 18, 2026, Vishal Mega Mart re-appointed Ms. Neha Bansal as Non-Executive Independent Director for 1 year (Sep 23, 2026 - Sep 22, 2027). - Mr. Gunender Kapur was re-appointed for 5 years (Sep 01, 2026 - Aug 31, 2031) and re-designated as Founder, Managing Director & Chief Executive Officer.

Governance Neutral

2026-09-19 15:16

- Members at the 8th AGM on September 18, 2026, approved the re-appointment of Ms. Neha Bansal as Non-Executive Independent Director for one year (Sep 23, 2026 to Sep 22, 2027). - Mr. Gunender Kapur was re-appointed as Founder, Managing Director & CEO for five years (Sep 01, 2026 to Aug 31, 2031) and his re-designation.

Governance Positive

2026-09-19 15:07

- Vishal Mega Mart Limited announced the voting results and Scrutinizer's Report of its 8th Annual General Meeting (AGM) held on September 18, 2026. - All proposed resolutions, including adoption of financial statements and re-appointments of directors, were passed with an overwhelming majority by the shareholders.

Governance Neutral

2026-09-18 16:09

- The 8th Annual General Meeting (AGM) of Vishal Mega Mart Limited was held on September 18, 2026, at 12:00 Noon (IST) via Video Conferencing. - Resolutions included adoption of FY 2025-26 financial statements, re-appointment of Mr. Sanjeev Aga, Ms. Neha Bansal, and Mr. Gunender Kapur (as MD & CEO). - Members also approved an Aggregate Foreign Ownership Limit of 49.99%. - MD & CEO noted strong FY26 performance in profit, revenue, and new store openings.

Business Update Neutral

2026-09-18 15:45

- Vishal Mega Mart Limited to host a store visit for investors/analysts at its subsidiary's store in Lucknow. - Meeting Date: September 24, 2026 - Meeting Time: 02.00 PM (IST) onwards - Nature of Meeting: Group Meeting

Business Update Neutral

2026-09-18 15:44

- Vishal Mega Mart Limited to host a Group Meeting with Investors/Analysts. - Date: September 24, 2026, from 02:00 PM (IST) onwards. - Location: Subsidiary's store in Lucknow.

Governance Neutral

2026-09-11 18:39

CRITICAL RED FLAG DETECTED

- Mr. Manoj Kumar, Chief Operations Officer and Senior Management Personnel, has been relieved from his duties effective September 11, 2026, due to personal reasons. - His resignation was tendered on July 16, 2026. - Mr. Sashi Gumma was appointed as Chief of Operations on June 15, 2026.

Governance Neutral

2026-09-11 18:36

CRITICAL RED FLAG DETECTED

- Mr. Manoj Kumar, Chief Operations Officer and Senior Management Personnel, has been relieved from his duties effective September 11, 2026, due to personal reasons. - The company had previously informed of his resignation on July 16, 2026. - Vishal Mega Mart Limited had already announced the appointment of Mr. Sashi Gumma as Chief of Operations on June 15, 2026.

Business Update Neutral

2026-09-10 17:33

- Concall Schedule - Concall Date: September 23, 2026 - Concall Time: 10:30 AM (IST) onwards - Organized by: Kotak Securities - Mode: Physical, Mumbai, India

Business Update Neutral

2026-09-10 17:32

- Analyst/Institutional Investors Meeting Schedule - Meeting Date: September 23, 2026 - Meeting Time: 10:30 AM (IST) onwards - Organised by: Kotak Securities - Mode: Physical - Place: Mumbai, India

Business Update Neutral

2026-09-10 15:43

- Concall Schedule - Concall Date: September 22, 2026 - Concall Time: 10:00 AM (IST) onwards

Business Update Neutral

2026-09-10 15:41

- Investor Meeting Schedule - Meeting Date: September 22, 2026 - Meeting Time: 10:00 AM (IST) onwards

Business Update Neutral

2026-09-09 15:57

- Concall Schedule - Concall Date: September 16, 2026 - Concall Time: 10:00 am onwards

Business Update Neutral

2026-09-09 15:56

- Investor Meeting Schedule - Meeting Date: September 16, 2026 - Meeting Time: 10:00 am onwards - Organized by: Jefferies

Business Update Neutral

2026-09-08 15:58

- Store Visit of Investors/Analysts Scheduled - Date: September 13, 2026 - Time: 02:00 PM (IST) onwards - Location: Subsidiary's store (Gurugram)

Business Update Neutral

2026-09-08 15:58

- Investor/Analyst Meet - Date: September 13, 2026 - Time: 02:00 PM (IST) onwards - Nature of Meeting: Group Meeting at Subsidiary's store (Gurugram) - No unpublished price sensitive information will be shared.

Business Update Positive

2026-09-02 10:41

- Vishal Mega Mart Limited's long-term credit rating upgraded by India Ratings to 'IND AA+' from 'IND AA' (Stable Outlook). - Bank loan facilities of ₹2,550 million and issuer rating improved. Short-term facilities affirmed at 'IND A1+'.

Business Update Positive

2026-09-02 10:41

- Vishal Mega Mart Limited's long-term credit rating for bank loan facilities and issuer rating upgraded by India Ratings and Research Private Limited to 'IND AA+' from 'IND AA' with a Stable Outlook. - Short-term bank loan facilities rating affirmed at 'IND A1+'. - The rated amount for bank loan facilities is ₹2,550 million.

Business Update Negative

2026-09-01 15:37

CRITICAL RED FLAG DETECTED

- Vishal Mega Mart's subsidiary, Airplaza Retail Holdings Private Limited, received a penalty of ₹2,50,000/- from the Court of the Adjudicating Officer and Additional Collector, Jagtial District. - The penalty is for a violation of the Food Safety and Standards Act, 2006, related to a non-conforming third-party manufactured 'Redgram' product. - The company states there is no material impact on operations and the penalty amount will be recovered from the concerned manufacturer.

Business Update Negative

2026-09-01 15:35

CRITICAL RED FLAG DETECTED

- Vishal Mega Mart's subsidiary, Airplaza Retail Holdings Private Limited, received an order on August 31, 2026, imposing a penalty of ₹2,50,000/-. - The penalty is for a food safety violation involving a third-party manufactured 'Redgram' product found non-conforming to laws. - The financial impact is limited to the penalty, which the company intends to recover from the manufacturer.

Governance Neutral

2026-08-24 16:37

- 8th Annual General Meeting (AGM) scheduled for September 18, 2026, at 12:00 Noon (IST) via Video Conferencing/OAVM. - Web-link and path provided for accessing the Annual Report for the Financial Year 2025-26. - Shareholders whose email addresses are not registered are requested to update their details.

Governance Neutral

2026-08-24 16:36

- The 8th Annual General Meeting (AGM) will be held on Friday, September 18, 2026, at 12:00 Noon (IST) via Video Conferencing/OAVM. - A web-link is provided for shareholders to access the Annual Report for FY 2025-26. - Shareholders are requested to update their email addresses and KYC details.

Business Update Neutral

2026-08-24 12:49

- Filed Business Responsibility & Sustainability Report (BRSR) for the Financial Year 2025-26. Its an integral part of the Annual Report. The report includes an Independent Reasonable Assurance Report by Grant Thornton Bharat LLP. Highlights commitment to ESG, ethical practices, and risk management. FY 2025-26 Turnover: ₹12,906 Cr, Net Worth: ₹7,438 Cr.

Business Update Neutral

2026-08-24 12:49

- Vishal Mega Mart Limited filed its Business Responsibility & Sustainability Report (BRSR) for FY 2025-26. - Report details sustainability, risk management, and governance. - FY26 Consolidated Turnover: ₹12,906 Cr; Net Worth: ₹7,438 Cr. - No fines or penalties were reported.

Ownership Positive

2026-08-21 20:34

- Grant of 4,68,00,000 Stock Options approved on August 21, 2026, under the Vishal Mega Mart Employees Stock Options Plan 2019. - Exercise price set at ₹102.60 per stock option. - Each option is convertible into one equity share of face value ₹10. - The exercise period for vested options is 10 years from the grant date.

Governance Positive

2026-08-21 20:31

- Board of Directors re-appointed Mr. Gunender Kapur as Founder, Managing Director & Chief Executive Officer for a tenure of 5 years, effective September 01, 2026, until August 31, 2031. This re-appointment is subject to the approval of the Company’s shareholders.

Governance Positive

2026-08-21 20:31

- Board of Directors re-appointed Mr. Gunender Kapur as Founder, Managing Director & Chief Executive Officer of the Company. - The re-appointment is for a tenure of 5 years, effective from September 01, 2026, until August 31, 2031.

Governance Positive

2026-08-21 20:30

- Board of Directors approved the re-appointment of Mr. Gunender Kapur as Founder, Managing Director & Chief Executive Officer for a tenure of 5 years, effective September 01, 2026, until August 31, 2031.

Governance Positive

2026-08-21 20:26

- Board of Directors approved the re-appointment of Mr. Gunender Kapur as Founder, Managing Director & Chief Executive Officer for a tenure of 5 years. - The re-appointment is effective from September 01, 2026, up to and including August 31, 2031. - This re-appointment is subject to the approval of shareholders.

Ownership Positive

2026-08-21 20:23

- Grant of 4,68,00,000 Stock Options under the Vishal Mega Mart Employees Stock Options Plan 2019. - Exercise price: Rs. 102.60 per stock option. - Options granted on August 21, 2026, with an exercise period of 10 years.

Governance Positive

2026-08-21 20:22

- Grant of 4,68,00,000 Stock Options to eligible employees under the Vishal Mega Mart Employees Stock Options Plan 2019. - Exercise price set at Rs. 102.60 per option. - Options are convertible into fully paid-up equity shares with an exercise period of 10 years from the grant date.

Governance Positive

2026-08-21 20:17

- Board of Directors re-appointed Mr. Gunender Kapur (DIN: 01927304) as Founder, Managing Director & Chief Executive Officer for a tenure of 5 years, effective from September 01, 2026, until August 31, 2031.

Governance Positive

2026-08-21 20:16

- Board of Directors re-appointed Mr. Gunender Kapur as Founder, Managing Director & Chief Executive Officer for a tenure of 5 years. - The re-appointment is effective from September 01, 2026, until August 31, 2031, subject to shareholder approval.

Business Update Negative

2026-08-17 17:54

CRITICAL RED FLAG DETECTED

- Vishal Mega Mart's subsidiary received a Commercial Court order to pay ₹2.68 Cr (rent + GST) and vacate a Kolkata store within two months due to a legal dispute. The order also involves a claim for mesne profits of ₹2 lakhs per day. The subsidiary plans to appeal the order.

Business Update Negative

2026-08-17 17:53

CRITICAL RED FLAG DETECTED

- Vishal Mega Mart's subsidiary received a court order to pay ₹2.68 Cr (contractual rent/GST) and vacate a store premises within two months due to a legal dispute. Further claim of ₹2 Lakhs per day for mesne profits exists. The company plans to appeal the order.

Business Update Negative

2026-08-13 16:22

CRITICAL RED FLAG DETECTED

- Vishal Mega Mart Limited's subsidiary, Airplaza Retail Holdings Private Limited, received an order from the Court of Additional District Magistrate, Moradabad, imposing a penalty of ₹1,00,000/- for a food safety violation related to a 'Ghee' product (third-party manufactured) found not conforming to laws during an inspection on April 11, 2025. The company states the financial impact is limited to the penalty and expects to recover the amount from the manufacturer, with no material impact on operations. The subsidiary is reviewing the order and plans to file an appeal.

Business Update Negative

2026-08-13 16:20

CRITICAL RED FLAG DETECTED

- Vishal Mega Mart's subsidiary received a ₹1,00,000/- penalty from Additional District Magistrate for a food safety violation concerning a third-party manufactured product. The financial impact is recoverable from the manufacturer with no material operational impact. The subsidiary plans to appeal.

Ownership Neutral

2026-08-12 16:15

- Vishal Mega Mart Limited announced the allotment of 5,00,000 equity shares of face value Rs. 10/- each on August 12, 2026. - These shares were allotted upon the exercise of 5,00,000 stock options under the Employees Stock Options Plan 2019 at an exercise price of Rs. 35 per option. - The paid-up share capital increased from Rs. 46,84,30,86,390 to Rs. 46,84,80,86,390.

Ownership Positive

2026-08-12 16:14

- Vishal Mega Mart Limited allotted 5,00,000 Equity Shares on August 12, 2026, following the exercise of Stock Options under its ESOP Plan 2019 at an exercise price of ₹35 per option. - This increased the company's paid-up share capital from ₹46,84,30,86,390 to ₹46,84,80,86,390.

Business Update Positive

2026-07-28 13:21

- Q1 FY27 Revenue from Operations: INR 3,727 Cr (▲18.7% YoY) and Same-Store Sales Growth: 10%. - Operating EBITDA: INR 387 Cr (▲19.3% YoY), with EBITDA margin improving from 10.3% to 10.4% (▲10bps). - PAT: INR 259 Cr (▲25.6% YoY), with PAT margin improving from 6.6% to 6.9% (▲30bps). - Strong store expansion with 27 new stores in Q1, reaching 819 stores across 559 cities. Accelerating small store format expansion with an opportunity for almost 3,000 such stores. - Quick commerce contributing 2-9% of store revenue, with 20% of its customers being incremental to the Vishal franchise. - Gross margin improved due to lower promotional expenditure; management confident in sustainability under current conditions. - Proactively capping foreign ownership at 49.99% to maintain Indian ownership and control, specifically for its multi-brand retailing subsidiary. - Elevated inflation impact is expected to taper in subsequent quarters; company is protecting customers from price hikes, focusing only on higher price points when necessary. RFID rollout in Delhi NCR expected to take over 1 year to complete.

Business Update Positive

2026-07-28 13:21

CRITICAL RED FLAG DETECTED

- Q1 FY27 Revenue from operations: INR 3,727 crores (▲18.7% YoY). - Operating EBITDA: INR 387 crores (▲19.3% YoY); EBITDA Margin improved from 10.3% to 10.4% (▲10bps). - PAT: INR 259 crores (▲25.6% YoY); PAT Margin improved from 6.6% to 6.9% (▲30bps). - Achieved 10% same-store sales growth, driven by 8% new customer acquisition and 3% higher purchases from existing customers. - Management expects the impact of elevated inflation to taper in subsequent quarters and is confident in maintaining current gross margins. - Strategic focus on store expansion (27 new stores added, total 819) and rapid rollout of small format stores, with potential for 3,000 nationally. - Quick commerce channel is performing well, contributing 5-9% to store revenue and attracting new customers. - Mr. Manoj is moving on from the company; Mr. Sashi Gumma has been appointed as the new Chief Operating Officer. - RFID rollout for enhanced inventory management and reduced shrink is ongoing, with full network implementation expected to exceed one year.

Business Update Neutral

2026-07-23 17:45

- Audio recording of the Earnings Conference Call held on July 23, 2026, for the quarter ended June 30, 2026, is now available on the company's website.

Business Update Neutral

2026-07-23 17:44

- Audio recording of the Earnings Conference Call held on July 23, 2026, to discuss results for the quarter ended June 30, 2026, has been made available on the company's website.

Financials Positive

2026-07-23 12:56

- Consolidated Revenue ₹3,727.01 Cr vs ₹3,140.32 Cr (▲18.68% YoY) - EBITDA ₹544.63 Cr vs ₹459.19 Cr (▲18.60% YoY) - PAT ₹258.77 Cr vs ₹206.07 Cr (▲25.57% YoY) - EBITDA Margin 14.48% vs 14.54% (▼6bps) - Board approved the re-appointment of Ms. Neha Bansal as Non-Executive Independent Director. - Board proposed to cap aggregate foreign ownership at 49.99% of total equity instruments, subject to shareholder approval.

Financials Positive

2026-07-23 12:55

- Consolidated Revenue ₹3,727.01Cr vs ₹3,140.32Cr (▲18.7% YoY) - EBITDA ₹544.63Cr vs ₹459.19Cr (▲18.6% YoY) - PAT ₹258.77Cr vs ₹206.07Cr (▲25.6% YoY) - EBITDA Margin 14.61% vs 14.62% (▼1bps)

Financials Positive

2026-07-23 12:53

- Consolidated Revenue ₹3,727.01 Cr vs ₹3,140.32 Cr (▲18.68% YoY) - EBITDA ₹544.63 Cr vs ₹459.19 Cr (▲18.61% YoY) - PAT ₹258.77 Cr vs ₹206.07 Cr (▲25.57% YoY) - EBITDA Margin 14.61% vs 14.62% (▼1bps)

Financials Positive

2026-07-23 12:53

- Consolidated Revenue ₹3,727.01 Cr vs ₹3,140.32 Cr (▲18.70% YoY) - EBITDA ₹544.63 Cr vs ₹459.19 Cr (▲18.61% YoY) - PAT ₹258.77 Cr vs ₹206.07 Cr (▲25.57% YoY) - EBITDA Margin 14.61% vs 14.62% (▼1bps)

Financials Positive

2026-07-23 12:49

- Consolidated Revenue ₹3,727.01 Cr vs ₹3,140.32 Cr (▲18.7% YoY) - EBITDA ₹544.63 Cr vs ₹459.19 Cr (▲18.6% YoY) - PAT ₹258.77 Cr vs ₹206.07 Cr (▲25.6% YoY) - EBITDA Margin 14.61% vs 14.62% (▼1bps) - Board approved the re-appointment of Ms. Neha Bansal as Non-Executive Independent Director. - Proposed to cap aggregate foreign ownership at 49.99% to maintain the company's status as Indian-owned and controlled, subject to shareholder approval.

Financials Positive

2026-07-23 12:45

- Consolidated Revenue ₹3,727.0 Cr vs ₹3,140.3 Cr (▲18.7% YoY) - Operating EBITDA ₹387.0 Cr vs ₹324.4 Cr (▲19.3% YoY) - PAT ₹258.8 Cr vs ₹206.1 Cr (▲25.6% YoY) - Operating EBITDA Margin 10.4% vs 10.3% (▲10bps)

Financials Positive

2026-07-23 12:45

- Consolidated Revenue ₹3,727.0Cr vs ₹3,140.3Cr (▲18.7% YoY) - Operating EBITDA (pre-INDAS 116 and pre-ESOP charges) ₹387.0Cr vs ₹324.4Cr (▲19.3% YoY) - PAT ₹258.8Cr vs ₹206.1Cr (▲25.6% YoY) - Operating EBITDA Margin 10.4% vs 10.3% (▲10bps)

Financials Positive

2026-07-23 12:40

- Consolidated Revenue ₹3,727.01 Cr vs ₹3,140.32 Cr (▲18.7% YoY) - EBITDA ₹544.63 Cr vs ₹459.19 Cr (▲18.6% YoY) - PAT ₹258.77 Cr vs ₹206.07 Cr (▲25.6% YoY) - EBITDA Margin 14.61% vs 14.62% (▼1bps) - Board approved re-appointment of Ms. Neha Bansal as Non-Executive Independent Director for a second term. - Proposed capping of aggregate foreign ownership at 49.99% of total equity instruments, subject to shareholder approval.

Financials Positive

2026-07-23 12:36

- Consolidated Revenue ₹3,727.01Cr vs ₹3,140.32Cr (▲18.7% YoY) - EBITDA ₹544.63Cr vs ₹459.19Cr (▲18.6% YoY) - PAT ₹258.77Cr vs ₹206.07Cr (▲25.6% YoY) - EBITDA Margin 14.61% vs 14.62% (▼1bps)

Business Update Neutral

2026-07-17 15:57

- Concall Schedule - Concall Date: Thursday, July 23, 2026 - Concall Time: 04:00 PM (IST)

Governance Negative

2026-07-16 17:40

CRITICAL RED FLAG DETECTED

- Mr. Manoj Kumar, Chief Operations Officer and Senior Management Personnel, resigned from the company due to personal reasons. - His last working day will be September 11, 2026. - Mr. Shashi Gumma was previously appointed as the new Chief of Operations, as per a disclosure dated June 15, 2026.

Ownership Neutral

2026-07-03 14:21

- 79,33,333 Stock Options exercised by eligible employees, resulting in the allotment of 79,33,333 Equity Shares of face value Rs. 10/- each at an exercise price of Rs. 35 per option on July 03, 2026. - The paid-up share capital increased from ₹46,76,37,53,060 to ₹46,84,30,86,390.

Routine Neutral

2026-06-24 16:47

- Trading Window for dealing in company securities will be closed from July 01, 2026. - The closure is ahead of the declaration of financial results for the quarter ending June 30, 2026. - It will remain closed until 48 hours after the results are declared.

Governance Positive

2026-06-15 18:24

- Vishal Mega Mart Limited announced the appointment of Mr. Sashi Gumma as Chief of Operations and Senior Management Personnel. - The appointment is effective June 15, 2026. - Mr. Gumma brings over two decades of experience in food & grocery retail, B2B distribution, and large-format retail operations.

Governance Positive

2026-06-15 15:36

- The Nomination and Remuneration Committee approved the grant of 9,75,000 stock options to eligible employees under the Vishal Mega Mart Employees Stock Options Plan 2019. - The exercise price is Rs. 119/- per stock option. - Each stock option is convertible into one fully paid-up equity share, with an exercise period of 10 years from the grant date.

Business Update Negative

2026-06-12 15:52

CRITICAL RED FLAG DETECTED

- Subsidiary, Airplaza Retail Holdings Pvt. Ltd., received a court order for a penalty of ₹1,00,000. - The penalty is for a food safety violation concerning an expired product at its Rajnandgaon store. - The order was received on June 11, 2026, with no material impact on company operations.

Business Update Neutral

2026-06-09 15:43

- Investor Meeting Schedule - Meeting Dates: June 15 & 16, 2026 - Meeting Time: 9:30 am onwards (UK) - Organized by: Kotak Securities India Corporate Day - Location: London - Nature: One on One / Group Meetings - No unpublished price sensitive information to be shared.

Governance Neutral

2026-06-09 09:28

- Vishal Mega Mart Limited appointed Mr. Anurag Krishna as Vice President & Head - Internal Audit and Senior Management Personnel, effective June 09, 2026. - He brings over 17 years of experience in Internal Audit, Risk Management, and Compliance.

Ownership Positive

2026-06-08 22:12

- Vishal Mega Mart Limited granted 1,00,000 Stock Options on June 08, 2026, under its Employees Stock Options Plan 2019. - The exercise price is ₹118/- per stock option, covering 1,00,000 equity shares.

Governance Negative

2026-06-05 19:46

CRITICAL RED FLAG DETECTED

- Mr. Vishal Mehrotra, Chief B&M Officer - FMCG and Senior Management Personnel, resigned due to personal reasons, effective June 05, 2026. - Mr. Vineet Saxena, Senior Vice President – FMCG, will now lead the FMCG business.

Ownership Neutral

2026-06-02 08:36

- Vishal Mega Mart Limited allotted 4,75,500 equity shares to eligible employees upon exercise of stock options under the ESOP Plan 2019. - This increased the paid-up share capital from ₹46,75,89,98,060 to ₹46,76,37,53,060.

Business Update Neutral

2026-05-26 16:10

Vishal Mega Mart Limited announced an Analyst/Institutional Investors Meeting on June 02 & 03, 2026, organized by Morgan Stanley India Investment Forum 2026 in Mumbai. The company clarified that no unpublished price sensitive information will be shared during these meetings.

Business Update Neutral

2026-05-21 11:03

Vishal Mega Mart Limited announced a schedule for an Analyst/Institutional Investors Meeting. Officials of the company will attend a Virtual Group Meeting organized by J.P. Morgan India Consumer CEO Fireside Chat Series on May 26, 2026, starting 11:30 am. No unpublished price sensitive information will be shared during the meeting.

Business Update Positive

2026-05-19 13:40

Vishal Mega Mart Limited reported strong Q4 and FY26 performance. Management expressed optimism for FY27, aiming to continue market share gains by maintaining competitive pricing on private brands (74.1% of revenue) despite inflationary pressures. They plan to accelerate new store openings, particularly small format stores with similar unit economics, and sustain investments in brand building and fashionable products. The company expects operating leverage to continue due to long-term leases and anticipates benefiting from consumer 'down-trading' in challenging economic times.

Ownership Neutral

2026-05-18 13:54

On May 18, 2026, Vishal Mega Mart Limited announced the allotment of 26,72,000 equity shares to eligible employees who exercised their stock options under the Employees Stock Options Plan 2019. The shares were exercised at prices of Rs. 15 (for 2,04,000 shares) and Rs. 35 (for 24,68,000 shares). Consequently, the company's paid-up share capital increased from Rs. 46,73,22,78,060 to Rs. 46,75,89,98,060, comprising 4,67,58,99,806 equity shares. These new shares rank pari passu with the existing shares.

Business Update Neutral

2026-05-15 15:18

Vishal Mega Mart Limited announced the availability of the audio recording for its Earnings Conference Call held on May 15, 2026. The call discussed the company's financial results for the quarter and financial year ended March 31, 2026. The recording has been made available on the company's website.

Financials Positive

2026-05-14 13:18

Consolidated Revenue ₹3,114.1Cr vs ₹2,547.9Cr (▲22.2% YoY), Adjusted EBITDA ₹275.3Cr vs ₹208.1Cr (▲32.3% YoY), PAT ₹167.9Cr vs ₹115.1Cr (▲45.9% YoY). Adjusted EBITDA Margin 8.8% vs 8.2% (▲60bps).

Financials Positive

2026-05-14 13:10

Consolidated Revenue ₹3,114.10 Cr vs ₹2,547.89 Cr (▲22.22% YoY), EBITDA ₹424.76 Cr vs ₹357.12 Cr (▲18.94% YoY), PAT ₹167.92 Cr vs ₹115.11 Cr (▲45.87% YoY). EBITDA Margin 13.64% vs 14.01% (▼37bps).

Financials Positive

2026-05-14 13:07

Consolidated Revenue ₹3,114.1 Cr vs ₹2,547.9 Cr (▲22.22% YoY), EBITDA ₹424.8 Cr vs ₹357.1 Cr (▲18.94% YoY), PAT ₹167.9 Cr vs ₹115.1 Cr (▲45.87% YoY). EBITDA Margin 13.6% vs 14.0% (▼38bps).

Financials Positive

2026-05-14 13:05

Vishal Mega Mart Limited reported strong Q4 FY26 consolidated financial results. Consolidated Revenue was ₹3,114.10 Cr vs ₹2,547.89 Cr (▲22.22% YoY), EBITDA was ₹424.76 Cr vs ₹357.12 Cr (▲18.94% YoY), and PAT was ₹167.92 Cr vs ₹115.11 Cr (▲45.88% YoY). EBITDA Margin was 13.64% vs 14.01% (▼37bps). The board also approved the re-appointment of internal auditors for FY27.

VMM

Vishal Mega Mart Limited

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