Value fashion retailer V-Mart Retail Ltd. reported a 39 % decline in net profit to Rs 11.28 crore (US $1.19 million) in the March quarter FY ’26, compared with Rs 18.51 crore (US $1.95 million) in the corresponding quarter of FY ’25.
However, revenue from operations rose 24.5% year-on-year to Rs 970.89 crore (US $102 million) from Rs. 780 crore (US $82.49 million), driven by strong retail performance.
EBITDA increased 56% to Rs 106.3 crore (US $11.24 million) from 68.1 crore (US $7.20 million), while the EBITDA margin improved to 11% from 9%.
Total expenses during the quarter increased by 23% to Rs 963.99 crore (US $101 million). Income from ‘Retail Trade’ stood at Rs 965.02 crore (US $102 million), while the ‘Digital Market Place’ business contributed Rs 9.9 crore (US $1.04 million).
Consequently, total income of V-Mart, including other income, in the March quarter was at Rs 975.61 crore (US $103 million), up 24.7% year-on-year.
For the full FY ’26, V-Mart reported revenue of Rs 3,789 crore (US $400.71 million), up 16% year-on-year. EBITDA increased 36% to Rs 513 crore (US $54.25 million), while adjusted PAT surged 507% year-on-year to Rs 125 crore (US $13.22 million). Same-store sales growth (SSSG) stood at 12% for the quarter and 5% for the full year
The company stated that its strategic initiatives resulted in improved inventory turns and maintained fresher merchandise across stores. Days of inventory improved by three days year-on-year, while per-store inventory declined 13% year-on-year as of March 31, 2026.
During Q4 FY ’26, V-Mart added 29 new stores and closed six stores, taking its total store count to 577. For the full year,the company added 92 stores and marked its highest-ever annual store additions.
