Q1 2027 Vishal Mega Mart Ltd Earnings Call Transcript
Key Points
- Vishal Mega Mart Ltd (NSE:VMM) reported a strong revenue growth of 18.7% year-over-year, reaching INR 3,727 crores.
- The company achieved a same-store sales growth of 10%, demonstrating the resilience of its business model.
- Operating EBITDA increased by 19.3% to INR 387 crores, with an improvement in operating margin from 10.3% to 10.4%.
- Profit after tax grew by 25.6% to INR 259 crores, with the PAT margin improving from 6.6% to 6.9%.
- The company expanded its store network by adding 27 new stores, bringing the total to 819 stores across 559 cities.
- Elevated inflation has impacted the demand environment, although the company expects this to taper down in subsequent quarters.
- The small store format expansion is progressing slowly, with only a few new openings despite the potential for significant growth.
- Employee costs have increased by 13% year-over-year on a per square foot basis due to higher minimum wages in multiple states.
- The rollout of RFID technology is expected to take over a year to complete, which may delay potential operational efficiencies.
- The company faces ongoing competitive pressure in the apparel sector, with other value retail players expanding aggressively.
Ladies and gentlemen, good day, and welcome to Vishal Mega Mart Limited Q1 FY27 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Shikha Puri from SGA. Thank you, and over to you, Ms. Puri.
Thank you. Good afternoon, everyone, and thank you for joining us on Vishal Mega Mart Limited's Q1 FY27 earnings conference call. We have with us Mr. Gunender Kapur, MD and CEO; Mr. Amit Gupta, CFO.
I hope everyone got an opportunity to go through our financial results and investor presentation uploaded on the company's website and the stock exchanges. We will begin the call with opening remarks from the management, following which we will have the forum open for question-and-answer session.
Before we start, I would like to point out that some statements made in today's call may be forward-looking in nature, and the disclaimer to this effect has been included in the earnings presentation
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
