Department Stores company Vishal Mega Mart announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from operations stood at Rs 25,479 million, YoY growth of 23.2%. Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at Rs 2,081 million (8.2% margin), YoY growth of 73.6%. Adjusted PAT (pre-ESOP charges) stood at Rs 1,281 million (5.0% margin), YoY growth of 109.9%. SSSG of 13.4% (Adjusted SSSG* of 13.7%). 28 net new stores were added. FY25 Financial Highlights: Revenue from operations stood at Rs 1,07,163 million, YoY growth of 20.2%. Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at Rs 10,333 million (9.6% margin), YoY growth of 38.7%. Adjusted PAT (pre-ESOP charges) stood at Rs 6,761 million (6.3% margin), YoY growth of 45.5%. SSSG of 11.8% (Adjusted SSSG* of 12.3%). 85 net new stores (Gross 90) were added, taking the total store count to 696. Operational Highlights: As on March 31, 2025, the Company operates 696 stores across 458 cities with a total retail area of ~12.2 million Sq. Ft.. For FY25, the Category-wise Revenue contribution was 44% for Apparel, 28% for General Merchandise and 28% for FMCG. Large and loyal consumer base of ~145 million as on March 31, 2025. Own brands contribution to revenue was 73.1% in FY25 (vis-a-vis 71.8% in FY24). Consistent progress in our quick commerce initiative, now extended to 656 stores across 429 cities and a registered user base of 8.7 million. Gunender Kapur, Managing Director & Chief Executive Officer, said: “The company delivered strong operational and financial performance in Q4FY25 and FY25, reflecting sustained momentum across categories. Our performance underscores the strength of our unique strategy and our commitment making aspirations affordable. Revenue from operations grew 23.2% YoY in Q4FY25 to Rs. 25,479 million, and 20.2% YoY in FY25 to Rs. 1,07,163 million driven by strong double-digit SSSG of 13.4% and 11.8% in Q4FY25 and FY25 respectively. Q4FY25 Revenue was helped by the preponement of the festive demand of Eid and Ugadi, which were in March this year. Last year, these festivals were in April. During the year, we expanded our retail footprint by 85 store additions—bringing our total store count to 696 as of March 31, 2025. Profit After Tax (PAT) grew 88.1% in Q4FY25 to Rs. 1,151 million and 36.8% in FY25 to Rs. 6,320 million. Our robust profitability was driven by improved cost efficiencies and the benefits of operating leverage, reflecting our continued focus on disciplined execution and scale-driven productivity. FY25 also marked our successful entry into the capital markets. As we move forward, our approach remains centered on expanding responsibly, deepening market penetration, and strengthening our private label portfolio. With strong fundamentals in place, we are well-positioned to capture emerging opportunities in India’s retail landscape." Result PDF
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