Vishal Mega Mart share price
NSE: VMMBSE: 544307RetailingMid Cap
Vishal Mega Mart Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Dec 2024 · Issue price ₹78
Last close ₹86.60down ₹1.35 (1.54%)BSE ₹86.70
Share price at the NSE close on 29 Oct 2026. Previous close ₹87.95.
29 Oct: open ₹87.70, high ₹88.67, low ₹86.38
52-week range of traded prices to 29 Oct 2026
₹84.64Low, 26 Oct 2026₹148.18High, 29 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹40,570 Cr189th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 45.20
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 5.14
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 12.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 16.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 55,03,55150.8% delivered
About Vishal Mega Mart
Vishal Mega Mart Limited is a retailer that sells clothing, general merchandise and fast-moving consumer goods (FMCG: everyday food, personal care and household care products) to middle-income households in India.12 It sells through its own stores across the country, a mobile app and a website.3
The listed company sources goods through contract manufacturing and sells them wholesale to its wholly owned subsidiary Airplaza Retail Holdings Private Limited, which buys its branded products exclusively under a franchise agreement and runs the retail business.456 Clothing covers men's, women's, children's and infants' wear; general merchandise covers home appliances, crockery and utensils, furnishings, toys, stationery, travel accessories and footwear, under its own and third-party brands.2 Goods move from a central distribution centre to regional distribution centres placed near the main markets.7 The group had 21,913 permanent employees at the end of March 2026.6
It was incorporated on 26 Mar 2018 and its shares were listed on the NSE and BSE on 18 Dec 2024.4
Its promoter, Samayat Services LLP, held 40.12% of the shares at the end of March 2026, against 74.55% a year earlier, after share sales in June 2025 and February 2026 took its holding below 50%.89 Kedaara Capital Fund II LLP is among the entities that control the group.10 Shareholders were asked at the annual general meeting of 18 Sep 2026 to cap foreign ownership at 49.99%, which the company said keeps it Indian-owned and controlled, as its subsidiary's multi-brand retail business requires; the documents give no outcome.111213
Vishal Mega Mart key points
Results
- In the quarter to Sep 2026, consolidated revenue was ₹3,398.5 crore against ₹2,981.5 crore a year earlier; in the half year to Sep 2026 it was ₹7,125.5 crore against ₹6,121.8 crore.1415
- Operating EBITDA (profit before interest, tax, depreciation and stock option costs, with rent counted as a cost) was ₹262.2 crore in the quarter to Sep 2026 against ₹252.9 crore; adjusted profit after tax, before stock option costs, was ₹172.0 crore against ₹161.7 crore.15
- Same-store sales growth (revenue growth at stores already open a year earlier) was 5.4% in the quarter to Sep 2026; the company said an 18-day shift in the festive calendar moved festivals into the next quarter, with an impact of 3-4% on that figure.16
- In the year to Mar 2026, consolidated revenue rose 20.4% to ₹1,29,063 million, operating EBITDA 27.8% to ₹13,211 million and profit after tax 32.8% to ₹8,392 million.17
Revenue mix
- Share of product sales by brand18
Item quarter to Sep 2026 Own brands 72.5% Third-party brands 27.3% - Share of revenue by category1
Item year to Mar 2026 Apparel 44.2% General merchandise 28.5% FMCG 27.0% - On its earnings call of 23 Jul 2026, the company said 100% of its clothing business and 75% of its general merchandise business are its own brands, as are 60% of its FMCG sales by volume.19
Branches and reach
- At the end of September 2026, the company had 844 stores in 582 cities across 30 states and union territories, with 1.41 crore sq ft of retail space.20
- It opened 53 stores in the half year to Sep 2026, 26 of them in the quarter; net of closures, it added 49 and 25.20
- Its small-format stores, half the size of a regular store and aimed at towns of 50,000 people or fewer, numbered 16 at the end of June 2026; for now they are opened only in Uttar Pradesh and Haryana.212223
- In its presentation of 21 Oct 2026, the company said it had opened the first pilot store of Belong & Co., a new clothing format for young, affluent urban shoppers.24
Loyalty and quick commerce
- Its loyalty programme had about 18.1 crore registered customers in the quarter to Sep 2026, up 15% from a year earlier; they accounted for about 95% of gross revenue, including GST, in the half year.25
- Its quick-commerce service (delivery from the nearest store, ordered through its website or app) covered 781 stores in 532 cities in the quarter to Sep 2026, with about 1.52 crore registered users, up 41% from a year earlier.26
- On its earnings call of 23 Jul 2026, the company said quick commerce adds 2% to 9% of a store's revenue, at least 5% in most places, and that 20% of its quick-commerce customers had never shopped at its stores.2728
What the company expects
- On its earnings call of 23 Jul 2026, the company said it sees an opportunity for almost 3,000 small-format stores in India and plans to speed up their opening.29
- On its earnings call of 23 Jul 2026, the company said it was rolling out RFID tags (radio tags that let stock be counted electronically) in all its Delhi NCR stores and expected the whole network to take slightly over 1 year.2930
- On its earnings call of 23 Jul 2026, the company said its price increases had been mainly at its highest price points and that it saw no need for further increases, assuming conditions did not get worse.31
Recent events
- On 1 Sep 2026, the company was told that India Ratings and Research had upgraded its credit rating (an opinion on its ability to repay debt) and bank loan facilities to IND AA+ from IND AA, with a stable outlook.32
- The shares were added to the FTSE All-World, Global Mid Cap and Emerging indices effective 23 Jun 2025, and to the MSCI India Domestic Index from the close of 26 Aug 2025.33
Litigation and regulatory matters
- In its exchange filing of 12 Jun 2026, the company said the Additional District Magistrate, Rajnandgaon, had fined its subsidiary Airplaza ₹1,00,000 after a food safety officer raised concerns about one product's expiry date; the subsidiary was reviewing the order.3435
- On 7 Nov 2025, the National Company Law Tribunal, Chandigarh, dismissed an insolvency petition by Search Pharma Private Limited, which claimed ₹23,09,667 in service tax plus interest, as time-barred and a pre-existing dispute.36
Last updated
All 36 sources, each with its page
- 1. Annual report, 24 Aug 2026, page 46
- 2. Annual report, 24 Aug 2026, page 32
- 3. Annual report, 24 Aug 2026, page 52
- 4. Annual report, 24 Aug 2026, page 145
- 5. Annual report, 24 Aug 2026, page 86
- 6. Annual report, 24 Aug 2026, page 59
- 7. Annual report, 24 Aug 2026, page 57
- 8. Annual report, 24 Aug 2026, page 123
- 9. Annual report, 24 Aug 2026, page 16
- 10. Annual report, 24 Aug 2026, page 134
- 11. Annual report, 24 Aug 2026, page 2
- 12. Annual report, 24 Aug 2026, page 3
- 13. Earnings call, 23 Jul 2026, page 8
- 14. Investor presentation, 21 Oct 2026, page 11
- 15. Investor presentation, 21 Oct 2026, page 11
- 16. Investor presentation, 21 Oct 2026, page 3
- 17. Annual report, 24 Aug 2026, page 30
- 18. Investor presentation, 21 Oct 2026, page 4
- 19. Earnings call, 23 Jul 2026, page 12
- 20. Investor presentation, 21 Oct 2026, page 5
- 21. Earnings call, 23 Jul 2026, page 3
- 22. Earnings call, 23 Jul 2026, page 4
- 23. Annual report, 24 Aug 2026, page 47
- 24. Investor presentation, 21 Oct 2026, page 8
- 25. Investor presentation, 21 Oct 2026, page 6
- 26. Investor presentation, 21 Oct 2026, page 7
- 27. Earnings call, 23 Jul 2026, page 13
- 28. Earnings call, 23 Jul 2026, page 14
- 29. Earnings call, 23 Jul 2026, page 5
- 30. Earnings call, 23 Jul 2026, page 6
- 31. Earnings call, 23 Jul 2026, page 10
- 32. Exchange filing, 2 Sep 2026, page 1
- 33. Annual report, 24 Aug 2026, page 43
- 34. Exchange filing, 12 Jun 2026, page 1
- 35. Exchange filing, 12 Jun 2026, page 2
- 36. Annual report, 24 Aug 2026, page 64
Results
Consolidated; ₹ crore.Vishal Mega Mart quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +17.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +21.9%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,399 Crdown 8.81%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹158 Crdown 38.99%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 4.6%
Revenue by quarter
Peak revenue ₹3,727 Cr, quarter to Jun 2026; lowest ₹2,548 Cr, quarter to Mar 2025
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,136 | 2,548 | 3,140 | 2,981 | 3,670 | 3,114 | 3,727 | 3,399 |
| Net profit | 263 | 115 | 206 | 152 | 313 | 168 | 259 | 158 |
| Net margin | 8.4% | 4.5% | 6.6% | 5.1% | 8.5% | 5.4% | 6.9% | 4.6% |
Consolidated. The 8 quarters from Dec 2024, the first on record. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹12,906 Crup 20.44%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹839 Crup 32.80%
- Net margin
- 6.5%
Revenue by year
Peak revenue ₹12,906 Cr, year to Mar 2026; lowest ₹10,716 Cr, year to Mar 2025
Net profit by year, a loss in red
| ₹ crore | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue | 10,716 | 12,906 |
| Net profit | 632 | 839 |
| Net margin | 5.9% | 6.5% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Contract Manufacturing, which carries all its revenue.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.Vishal Mega Mart PE ratio and valuation
Price to earnings
At or below today's level on 0.4% of 237 trading days since Nov 2025.
LowestHighest
Its median66.33Industry median24.50
Price to book
At or below today's level on 0.4% of 247 trading days over the last year.
LowestHighest
Its median7.59Industry median3.27
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +1.0% | +28.6% | −21.4% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
209 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 77 of the 102 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 209 funds holding Vishal Mega Mart
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 61
- CutCut. Funds that held fewer shares than at the end of the month before.
- 41
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 101
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 7
| Fund | |||
|---|---|---|---|
 HDFC Mid Cap FundHDFC Mutual Fund | 22,61,55,581 | 2.24% | ₹2,284.2 Cr |
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 20,05,10,745 | 3.04% | ₹2,025.2 Cr |
 SBI Aggressive Hybrid FundSBI Mutual Fund | 7,00,00,000 | 0.82% | ₹707.0 Cr |
| SBI Focused FundSBI Mutual Fund | 7,00,00,000 | 1.41% | ₹707.0 Cr |
| HDFC Flexi Cap FundHDFC Mutual Fund | 5,84,25,988 | 0.54% | ₹590.1 Cr |
| HDFC Large Cap FundHDFC Mutual Fund | 4,92,72,194 | 1.33% | ₹497.6 Cr |
 Nippon India Multi Cap FundNippon India Mutual Fund | 4,26,49,725 | 0.80% | ₹430.8 Cr |
| HDFC Small Cap FundHDFC Mutual Fund | 4,10,22,660 | 1.02% | ₹414.3 Cr |
| HDFC Balanced Advantage FundHDFC Mutual Fund | 3,79,05,983 | 0.37% | ₹382.9 Cr |
 Axis ELSS Tax Saver FundAxis Mutual Fund | 3,66,53,690 | 1.22% | ₹370.2 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 30 Oct 2025.Vishal Mega Mart insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 15 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Vishal Mega Mart competitors and peers
Diversified Retail, 17 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Vishal Mega Mart in market cap. 1 company in the table last traded before then: its row is priced on its last trade.Consumer services companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Avenue SupermartsDMART | 2,07,088 | 66.44 | 7.93 | +16.2% | +14.1% | 12.7% | 14.5% | 0.00% |
 Electronics Mart IndiaEMIL | 6,135 | 29.76 | 3.77 | +16.8% | +88.8% | 13.1% | 16.2% | 0.00% |
 V-Mart RetailVMART | 5,916 | 42.99 | 6.22 | +19.1% | +104.7% | 15.6% | 22.3% | 0.13% |
 Shoppers StopSHOPERSTOP | 3,933 | – | 13.94 | +8.7% | −161.9% | −4.0% | 40.2% | 0.00% |
 Patel RetailPATELRMART | 801 | 19.25 | 2.20 | – | – | 11.4% | 11.5% | 0.00% |
 Jay Jalaram TechnologiesKORE | 358 | 34.84 | 4.28 | +27.6% | +64.4% | 13.7% | – | 0.00% |
 Magson Retail and DistributionMAGSON | 273 | 361.12 | – | +61.1% | +88.4% | 1.4% | – | 0.00% |
 Spencer's RetailSPENCERS | 195 | – | – | −0.5% | – | – | −27.7% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Vishal Mega Mart announcements
Oct 2026
21 Oct · Results
15 Oct · Analysts
14 Oct · Board meeting
Sep 2026
19 Sep · Management
Vishal Mega Mart share price by year
Each calendar year to 2025.Vishal Mega Mart share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 136.37 | +28.1% | 153.18 | 99.44 |
| 2024 | 106.43 | – | 111.93 | 101.19 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2024 is from its first session, 18 Dec 2024.
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 87.90 | 88.25 | 87.20 | 87.95 | 87.76 | 44,83,100 | 51.1% |
| 27 Oct 2026 | 88.68 | 88.68 | 87.12 | 87.99 | 87.94 | 85,13,967 | 52.5% |
| 26 Oct 2026 | 86.00 | 88.99 | 84.64 | 88.70 | 87.26 | 1,50,28,925 | 48.8% |
| 23 Oct 2026 | 87.99 | 88.10 | 84.90 | 87.35 | 85.91 | 1,30,12,970 | 49.5% |
| 22 Oct 2026 | 89.90 | 90.65 | 86.63 | 87.99 | 87.74 | 1,79,42,202 | 49.6% |
| 21 Oct 2026 | 94.98 | 95.48 | 86.66 | 90.00 | 90.04 | 5,42,89,708 | 37.2% |
| 19 Oct 2026 | 96.00 | 96.20 | 94.01 | 94.44 | 94.87 | 54,06,486 | 50.4% |
| 16 Oct 2026 | 96.01 | 96.01 | 94.80 | 96.00 | 95.44 | 66,09,283 | 46.3% |
| 15 Oct 2026 | 96.10 | 97.10 | 94.92 | 96.25 | 95.89 | 1,34,29,874 | 61.9% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- VMM
- BSE code
- 544307
- ISIN
- INE01EA01019
- Industry
- Retailing
- Website
- www.aboutvishal.com
- CIN
- L51909HR2018PLC073282
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2018
- Registered office
- Plot No. 184, Platinum Tower,, Fifth Floor, Udyog Vihar Phase-1, Gurugram 122016, Haryana
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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