V-Mart Retail (NSE:VMART) Gross Margin %: 32.15% (As of Mar. 2026) — Near Median


NSE:VMART V-Mart Retail Ltd NSE:VMART
88 GF Score
Price ₹762.10
GF Value ₹887.76
Valuation Modestly Undervalued
! 2 Warning Signs
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What is V-Mart Retail Gross Margin %?

V-Mart Retail NSE:VMART -2.05% 88 Gross Margin % is 32.15% as of Mar. 2026, which is 2% below its 10-year median of 32.71. GuruFocus rates NSE:VMART with a GF Score™ of 88/100 and a GF Value™ of ₹887.76 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,117 Retail - Cyclical companies, V-Mart Retail ranks worse than 53.72% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. V-Mart Retail's Gross Profit for the three months ended in Mar. 2026 was ₹3,121 Mil. V-Mart Retail's Revenue for the three months ended in Mar. 2026 was ₹9,709 Mil. Therefore, V-Mart Retail's Gross Margin % for the quarter that ended in Mar. 2026 was 32.15%.


The historical rank and industry rank for V-Mart Retail's Gross Margin % or its related term are showing as below:

NSE:VMART' s Gross Margin % Range Over the Past 10 Years
Min: 29.1   Med: 32.71   Max: 34.55
Current: 34.39


During the past 13 years, the highest Gross Margin % of V-Mart Retail was 34.55%. The lowest was 29.10%. And the median was 32.71%.

NSE:VMART's Gross Margin % is ranked worse than
53.72% of 1117 companies
in the Retail - Cyclical industry
Industry Median: 36.23 vs NSE:VMART: 34.39

V-Mart Retail had a gross margin of 32.15% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for V-Mart Retail was 1.30% per year.


V-Mart Retail  (NSE:VMART) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

V-Mart Retail had a gross margin of 32.15% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


V-Mart Retail Gross Margin % Related Terms


V-Mart Retail Gross Margin % Historical Data

* Premium members only.

The historical data trend for V-Mart Retail's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

V-Mart Retail Gross Margin % Chart

V-Mart Retail Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.48 34.37 33.72 34.55 34.39

V-Mart Retail Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.10 35.29 33.63 36.16 32.15

NSE:VMART vs DDS, M: Gross Margin % Comparison

For the Department Stores subindustry, V-Mart Retail's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


V-Mart Retail Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, V-Mart Retail's Gross Margin % distribution charts can be found below:

* The bar in red indicates where V-Mart Retail's Gross Margin % falls into.


NSE:VMART
88GF Score
V-Mart Retail Ltd NSE:VMART
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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V-Mart Retail Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

V-Mart Retail's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=13031.3 / 37893.6
=(Revenue - Cost of Goods Sold) / Revenue
=(37893.6 - 24862.3) / 37893.6
=34.39 %

V-Mart Retail's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=3121.1 / 9708.9
=(Revenue - Cost of Goods Sold) / Revenue
=(9708.9 - 6587.8) / 9708.9
=32.15 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 32.15% mean?
V-Mart Retail (NSE:VMART) has a Gross Margin % of 32.15% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on V-Mart Retail and its competitors. This is near median its historical median of 32.71. Over the past decade, V-Mart Retail's Gross Margin % has ranged from 29.10 to 34.55. According to the industry distribution chart, V-Mart Retail ranks #600 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 53.7%.
Is V-Mart Retail's Gross Margin % too high?
V-Mart Retail's current Gross Margin % of 32.15% is near median its 10-year median of 32.71. Over the past 10 years, this metric has ranged from a low of 29.10 to a high of 34.55. The Retail - Cyclical industry median Gross Margin % is 36.23. V-Mart Retail's value of 32.15% is 11.3% below this industry median. Based on the distribution chart, V-Mart Retail ranks #600 out of 1117 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, V-Mart Retail has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does V-Mart Retail's Gross Margin % compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, V-Mart Retail ranks #600 out of 1117 companies for Gross Margin %. This places V-Mart Retail in the lower half of its industry. The industry median Gross Margin % is 36.23. V-Mart Retail's value of 32.15% is 11.3% below this benchmark. Historically, V-Mart Retail's own Gross Margin % has ranged from 29.10 to 34.55 over the past decade. While the company's 10-year median is 32.71 vs. the industry median of 36.23, V-Mart Retail has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.23, based on 1,117 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. V-Mart Retail's current Gross Margin % of 32.15% is 11.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on V-Mart Retail and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. V-Mart Retail's current Gross Margin % is 32.15%, which is near median its own 10-year median of 32.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V-Mart Retail stock overvalued right now?
Based on GuruFocus' analysis, V-Mart Retail (NSE:VMART) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹887.76, compared to a current price of ₹762.10 — trading 14.2% below its estimated fair value. The current Gross Margin % is 32.15%, which is near median its 10-year median of 32.71 and 11.3% below the Retail - Cyclical industry median of 36.23. V-Mart Retail's overall GF Score™ is 88/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For V-Mart Retail (NSE:VMART), the current Gross Margin % is 32.15% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is V-Mart Retail (NSE:VMART) Overvalued in 2026?

Based on GuruFocus' analysis, V-Mart Retail stock appears to be undervalued. The current stock price of ₹762.10 is trading 14.2% below its estimated GF Value™ of ₹887.76. GuruFocus considers V-Mart Retail to be Modestly Undervalued.

Key valuation signals for NSE:VMART:

  • Gross Margin %: 32.15% (near median its 10-year median of 32.71)
  • GF Value™: ₹887.76 vs. price of ₹762.10 (14.2% below fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 11.3% below the Retail - Cyclical median (#600 of 1117)

No single metric tells the full story. See the NSE:VMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


V-Mart Retail Business Description

Other Exchanges 534976:India
Address Industrial Area, Phase - V, Plot No. 862, Udyog Vihar, Gurugram, HR, IND, 122016
V-Mart Retail Ltd is engaged in the retailing of readymade garments, accessories, and other products. It is involved in the business of Value Retailing through the chain of stores situated in various cities in India. It provides a range of apparel and accessories for men, women, boys, girls, and toddlers. The company's general merchandise includes Footwear, Home furnishing, Kitchenware, Toys and games, Bags and luggage, and Crockery. The company has two segments: Retail Trade, which includes domestic sales to customers at stores; and the Digital Marketplace segment includes commission and other income by providing Limeroad platform to vendors. It generates a majority of its revenue from the Retail Trade segment.
88GF Score

Get the complete analysis for NSE:VMART

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹762.10
Price
₹887.76
GF Value