V-Mart Retail Limited Earnings Summary — Q1 FY2027

• 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.

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.

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.

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.