V-Mart Retail Limited Earnings Summary — Q1 FY2027
V-Mart Retail Reports 23% Revenue Growth and Net Profit Surge in Q1
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 12.1% sequentially in Q1 FY2027.
- Revenue of ₹1,089 Cr is 23.0% higher year-on-year.
- Revenue has compounded at 24.2% annualised over the last 10 quarters.
- Net profit of ₹47 Cr is 40.5% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 147.3% annualised across the period.
- Operating margin stands at 14.8% in Q1 FY2027.
- Operating margin expanded by 50 bps year-on-year.
- Over the last two years operating margin has expanded by 216 bps.
- PBT margin is 5.5%.
- Expense growth of 22.3% remained below revenue growth of 23.0%.
- Operating profit of ₹161 Cr is 27.3% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 74/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,089 | 971 | 1,126 | 807 | 885 | 780 | 1,027 | 661 | 786 | 669 |
| Expenses | Improving | 928 | 865 | 917 | 735 | 759 | 712 | 855 | 622 | 687 | 628 |
| Operating Profit | Improving | 161 | 106 | 210 | 72 | 126 | 68 | 171 | 39 | 99 | 40 |
| Operating Margin | Volatile | 14.8% | 10.9% | 18.6% | 8.9% | 14.3% | 8.7% | 16.7% | 5.8% | 12.6% | 6.0% |
| Other Income | Volatile | 3 | 6 | 2 | 3 | 3 | 27 | 3 | 2 | 5 | 4 |
| Interest | Stable | 20 | 19 | 21 | 17 | 18 | 17 | 42 | 39 | 37 | 36 |
| Depreciation | Improving | 84 | 80 | 78 | 71 | 68 | 54 | 63 | 59 | 57 | 61 |
| Profit Before Tax | Volatile | 60 | 13 | 113 | -14 | 43 | 23 | 70 | -58 | 9 | -52 |
| Tax | Accelerating | 12 | 1 | 25 | -5 | 9 | 4 | -2 | -1 | -3 | -13 |
| Net Profit | Volatile | 47 | 11 | 88 | -9 | 34 | 19 | 72 | -57 | 12 | -39 |
| Net Margin | Volatile | 4.3% | 1.2% | 7.8% | -1.1% | 3.8% | 2.4% | 7.0% | -8.6% | 1.5% | -5.8% |
Key Takeaways
- Revenue grew significantly by 23% YoY to ₹1,088.8 Cr, driven by strong growth in the core Retail Trade segment.
- Profitability showed a sharp rebound with Net Profit rising 40.5% YoY to ₹47.2 Cr, compared to ₹33.6 Cr in the same quarter last year.
- EBITDA increased by 27% YoY to ₹160.6 Cr, with margins expanding to 14.8% from 14.3% YoY.
- The Digital Market Place segment (LimeRoad) saw revenue growth to ₹10.37 Cr but continued to operate at a segment loss of ₹3.2 Cr.
- Inventory levels saw a net increase of ₹93.6 Cr during the quarter, reflecting seasonal stocking strategies.
- Management strengthening occurred with the appointment of Mr. Suraj Rathor as the new Head of Finance.
- Retail segment assets grew to ₹2,553 Cr, reflecting ongoing store network expansion and inventory deployment.
Management Guidance
The company is focusing on strengthening financial controls under a new Head of Finance and navigating a recovery cycle in the value retail segment. While specific numerical guidance was not provided, the growth in store footprint and omnichannel integration remains a priority.
Sentiment Shift
Improving
The sharp recovery in net profit and double-digit revenue growth marks a significant improvement from the margin-compressed quarters seen in the previous fiscal year.
Outlook
V-Mart is positioned as an emerging compounder in the value retail space, benefiting from a dominant presence in Tier II-IV cities. Key monitorables include the integration progress of LimeRoad and the impact of competitive pressure from major players like Zudio.
From the Annual Report (Key Quotes)
“The Board approved the Unaudited Financial Results... for the first quarter ended June 30, 2026.”
“Approval of the appointment of Mr. Suraj Rathor as Head of Finance with effect from July 24, 2026.”
“For better understanding of the financial performance, the Company has chosen to present Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA).”
Official Quarterly Documents
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This summary is AI-generated from V-Mart Retail Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.