Vishal Mega Mart Stock Soars 8% After Stellar Q1 Earnings – 37% Profit Surge Stuns Market

Retail giant Vishal Mega Mart just flexed its financial muscles—and investors are rushing to grab a piece.
Shares skyrocketed 8% after Q1 earnings dropped, revealing a jaw-dropping 37% profit leap. The street’s reaction? A mix of euphoria and the usual skepticism—because when traditional retail wins, someone’s probably cooking the books.
Bullish traders piled in, while analysts muttered about ‘unsustainable growth’ between sips of overpriced coffee. Meanwhile, the stock’s rally left short-sellers scrambling like discount shoppers on Black Friday.
One thing’s clear: in a market obsessed with digital disruption, Vishal Mega Mart just proved old-school retail can still print money—until the next ‘economic adjustment,’ of course.
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For Q1FY26, the category-wise revenue contribution was 47.4 per cent for apparel, 27.3 per cent for general merchandise and 25.1 per cent for FMCG.
As on June 30, 2025, the company had a consumer base of 151 million. The quick commerce initiative extended to 670 stores across 445 cities and a registered user base of 9.8 million.
Commenting on the performance, Gunender Kapur, Managing Director and Chief Executive Officer, VMM, said, “Growth was mainly driven by continued strength of our own brands portfolio, strong footfall and store additions.”
VMM added 23 gross new stores during the quarter, in-line with its store opening momentum. It expanded presence in South India (Karnataka, Kerala, among others) and opened a new store in Gujarat and Maharashtra each.
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“We maintained a strong profit margin this quarter, propelled by improved cost efficiencies across the board and the benefits of operating leverage that come with our expanding footprint,” Kapur added.
Global brokerage Jefferies has maintained a buy on VMM at an increased target price of ₹175 per share. While, Morgan Stanley retained overweight rating at ₹161 target price.
The stock traded at ₹146.15 on the BSE as at 10.39 am, hitting a 52-week high of ₹155.45 against the previous close of ₹144.35.
Published on August 14, 2025