Department Stores company Vishal Mega Mart announced Q3FY25 results Financial Highlights: Revenue from operations stood at Rs 31,359 million, YoY growth of 19.5%. Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at Rs 3,942 million (12.6% margin), YoY growth of 32.4%. Adjusted PAT (pre-ESOP charges) stood at Rs 2,754 million (8.8% margin), YoY growth of 33.6%. SSSG stood at 10.5% (Adjusted SSSG* at 10.8%). 23 net new stores were added. Operational Highlights: As on December 31, 2024, the Company operates 668 stores across 432 cities with a total retail area of ~11.8 million Sq. Ft. For 9MFY25, the Category-wise Revenue contribution was 45% for Apparel, 28% for General Merchandise and 27% for FMCG. Large and loyal consumer base of ~141 million as on December 31, 2024. Gunender Kapur, Managing Director and Chief Executive Officer said: “The last quarter was a milestone quarter for us with the successful completion of our IPO. We deeply thank our shareholders for their trust in us. Our heartfelt congratulations go out to every stakeholder- employees, customers, business partners, and advisors—whose efforts contributed to the success of our IPO listing. Despite subdued demand conditions in the consumer industry, we delivered a robust financial performance, achieving revenue growth of 19.5% in Q3FY25 and 19.4% in 9MFY25 taking the revenue from operations to Rs 31,359 million and Rs 81,685 million respectively. Our profit after tax grew by 27.9% in Q3FY25 to Rs 2,627 million and by 29.0% in 9MFY25 to Rs 5,169 million. We focus on the middle and lower-middle income groups in India, representing the largest consumer segment in India. Our consumer centric approach, coupled with an enhanced consumer value proposition, a unique merchandise mix at attractive price points, and enhanced in-store experience, has helped drive strong SSSG of 10.5% in Q3FY25 and 11.3% in 9MFY25. With 668 stores operational across India, we continue to strategically expand our footprints, with a focus on tapping the large underserved organized retail market across geographies.” Result PDF