For the quarter ending 30th June 2025 (Q1 FY ’26), V-Mart Retail Ltd. reported a sharp 177% year-over-year (YoY) increase in net profit to Rs. 34 crore (US $ 3.92 million), up from Rs. 12 crore (US $ 1.38 million) in the same quarter the previous year.
Stable demand, greater inventory control, and increased operational efficiency all contributed to the performance.
Operational revenue increased 13% year over year to Rs. 885 crore (US $ 102 million) from Rs. 786 crore (US $ 90.77 million) in Q1 FY ’25. EBITDA increased 27% year over year to Rs. 126 crore (US $ 18.71 million), and the EBITDA margin improved to 14.3% from 12.6% the previous year. The company’s days of inventory increased to 93 days, a 5% YoY improvement that helped boost profitability.
After accounting for the postponement of Eid to Q4 FY ’25, same-store sales growth (SSSG) was normalised at 5%, with the V-Mart and Unlimited formats driving this growth equally. SSSG was 1% YoY.
During the quarter, V-Mart closed two underperforming stores and opened 15 new ones, increasing its total number of stores to 510 across 27 states and union territories. The business stated that it is still committed to enhancing its omnichannel presence on LimeRoad and other top marketplaces.
