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Value fashion retailer V-Mart Retail reported a sharp 177% year-on-year jump in net profit for the first quarter of FY26, posting ₹33.6 crore in profit compared to ₹12.14 crore in the same period last year, according to the company’s stock exchange filing.
Revenue from operations also saw a solid 13% rise, reaching ₹885 crore in Q1 FY26, up from ₹786 crore in Q1 FY25. The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) increased 27% year-on-year to ₹126 crore, underscoring improved operational efficiency and cost control.
Inventory management improved during the quarter, with days of inventory dropping 5% YoY to 93 days.
While reported same-store sales growth (SSSG) was modest at 1% year-on-year, the company clarified that after adjusting for the advancement of Eid into the previous quarter, the normalized SSSG stood at a healthier 5%. Both the V-Mart and Unlimited formats contributed equally to this growth.
V-Mart continued to pursue its expansion strategy during the quarter, adding 15 new stores while closing two underperforming outlets. As of June 30, 2025, the company operates 510 stores across India.
With steady revenue growth, rising profitability, and disciplined inventory control, V-Mart is poised to benefit from sustained demand in the value retail segment. The company’s ability to maintain sales momentum and expand its footprint suggests continued confidence in India’s evolving retail landscape.
