Department Stores company Vishal Mega Mart announced Q1FY26 results Revenue from operations stood at Rs 31,403 million, YoY growth of 21.0%. Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at Rs 3,244 million (10.3% margin), YoY growth of 33.7%. Adjusted PAT (pre-ESOP charges) stood at Rs 2,155 million (6.9% margin), YoY growth of 37.8%. SSSG of 10.5% (Adjusted SSSG* of 11.4%). 23 Gross and 21 Net stores were added. Gunender Kapur, Managing Director & Chief Executive Officer said: “In Q1FY26, we continued to deliver a strong performance in both revenue and profitability and demonstrated the strength of our purpose-led strategy of making aspirations affordable for consumers across geographies in India. Revenue from operations grew by 21% to Rs. 31,403 million driven by healthy double-digit SSSG of 10.5% (Adjusted SSSG of 11.4%). Revenue growth YoY is impacted on account of Eid and Ugadi festivals preponement to Q4FY25 (March’25) from Q1FY26 (April’25). Last year, these festivals were in Q1FY25 (April’24). Growth was mainly driven by continued strength of our own brands portfolio, strong footfall and store additions. During the quarter, we added 23 gross new stores, in-line with our store opening momentum. We expanded our presence in South India (Karnataka, Kerala, among others) and opened a new store in Gujarat and Maharashtra each and are encouraged by the early response. Q1FY26 PAT grew by 37.2% to Rs. 2,061 million. 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. The Indian economy remained steady in Q1FY26. Moderation in retail inflation coupled with favourable tax policies is expected to offer relief to household budgets and improve consumer confidence. With our business on a solid footing, we will continue to deliver affordable and aspirational products backed by cost efficiency and focus on execution to create lasting stakeholder value.” Result PDF