NSE: VMART | BSE: 534976

Falling Comet

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747.05 4.45 (0.60%)

33.89% Fall from 52W High

45,076 NSE+BSE Volume

NSE 01 Sep, 2025 10:50 AM (IST)

5,930.6

Market Cap

Below industry Median

0.8

Beta 1Year

Very Low volatility

V-Mart Retail Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for VMART, BSE:534976 V-Mart Retail Ltd.

V-Mart Retail Ltd.

08 Sep 2020

747.05

0.60%

V-Mart Retail (SELL): Revival hopes pinned on Q3 festive season

Sell: V-Mart Retail Ltd.

BOB Capital Markets Ltd.

Key takeaways from our recent interaction with the V-Mart Retail management (VMART).

V-Mart Retail Ltd. has an average target of 1026.50 from 4 brokers.

V-Mart Retail Ltd.

26 Aug 2020

747.05

0.60%

V-Mart Retail Ltd

Sell: V-Mart Retail Ltd.

Target

CD Equisearch

Battered by no meager stress in the retail fashion industry owing to large scale lockdowns nationally, V-Mart Mart posted 82.1% decline in revenues in the first quarter of FY21 the sharpest decline thus far. Business remained largely impacted in April and mostt parts of May with operational days at a dismal 2% and 22% respectively. Stress in discretionary consumer spend...

V-Mart Retail Ltd. is trading below all available SMAs

V-Mart Retail Ltd.

11 Aug 2020

747.05

0.60%

V-Mart Retail (SELL): Lockdown blues; near-term outlook remains murky

Sell: V-Mart Retail Ltd.

Target

BOB Capital Markets Ltd.

V-Mart Retail (VMART) reported a below-expected Q1FY21 revenue plunged 83% YoY to Rs 781mn as SSSg dropped 85% in a lockdown-hit quarter.

Axis Direct decreased Buy price target of V-Mart Retail Ltd. to 845.0 on 19 Aug, 2025.

V-Mart Retail Ltd.

21 Jul 2020

747.05

0.60%

V-Mart Retail (SELL): Tough times ahead downgrade to SELL

Sell: V-Mart Retail Ltd.

Target

BOB Capital Markets Ltd.

The renewed lockdown in V-Mart Retail's (VMART) key markets of Bihar and UP (56% of total stores) will retard demand recovery.

Axis Direct decreased Buy price target of V-Mart Retail Ltd. to 845.0 on 19 Aug, 2025.

V-Mart Retail Ltd.

27 Jun 2020

747.05

0.60%

V-Mart Retail (REDUCE): Management meet takeaways lower footfalls, higher purchases

Sell: V-Mart Retail Ltd.

Recommendation

BOB Capital Markets Ltd.

We discussed consumptions trends in the wake of Covid-19 with the management of V-Mart Retail (VMART).

V-Mart Retail Ltd. is trading below all available SMAs

V-Mart Retail Ltd.

11 Jun 2020

747.05

0.60%

V-Mart Retail Ltd: Results Update

Sell: V-Mart Retail Ltd.

Recommendation Target

Karvy

Expensive Valuation:Despite the correction post the pandemic, the stock has retraced to nearly 10% from the peak seen around March 2020.

Axis Direct decreased Buy price target of V-Mart Retail Ltd. to 845.0 on 19 Aug, 2025.

V-Mart Retail Ltd.

02 Jun 2020

747.05

0.60%

First Light | Weekly Eco Wrap, V-Mart Retail, Banking Credit Tracker

Buy: V-Mart Retail Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Weekly Wrap: Better macro prints supported markets. VMART: Lockdown exacts severe toll on business. Banking Credit Tracker: Lockdown mars retail credit growth

V-Mart Retail Ltd. has an average target of 1026.50 from 4 brokers.

V-Mart Retail Ltd.

10 Feb 2020

747.05

0.60%

V-Mart Retail Ltd: Consumer Discretionary - Multiline Retail

Hold: V-Mart Retail Ltd.

Target

Karvy

Moving from Rural to Urban: V-Mart has gradually been shifting its reach from smaller to bigger cities and towards higher value retailing.

V-Mart Retail Ltd. has an average target of 1026.50 from 4 brokers.

V-Mart Retail Ltd.

08 Feb 2020

747.05

0.60%

V-MART (3QFY20): Robust quarter, margins surprise! Maintain BUY

Buy: V-Mart Retail Ltd.

HDFC Securities

1) Strong execution, 2. Insulation from an online onslaught and 3) inherent advantage within the ecosystem given the tail's precarious working capital position makes VMART our top pick in apparel retail. We revise our DCF-based TP upwards to Rs. 2,500/sh (earlier Rs. 2,150/sh). Revision is a function of 1. DCF roll-over to FY22, 2. 3/7% increase in FY21/22 EBITDA estimates to factor in better gross margins given the focus on full-price sell-through/fresh merchandise. V-MART continues to track strong growth, albeit expansion-led. SSSG print remains uninspiring (1%). What surprised us positively were higher margins, low SSSG notwithstanding. 1. Clockwork-like execution, 2. Higher full price sell-through, 3. Better merchandise sourcing margins courtesy vendor consolidation underpinned margin expansion. Store expansion remains tactical in existing Tier 1/2 catchments to tighten supply chain costs and in catchments with struggling peers (credit cycles running up for the latter) to gain market share.

Axis Direct decreased Buy price target of V-Mart Retail Ltd. to 845.0 on 19 Aug, 2025.

V-Mart Retail Ltd.

06 Feb 2020

747.05

0.60%

Strong profit growth despite weak macro conditions

Neutral: V-Mart Retail Ltd.

Target

Motilal Oswal

6 February 2020 V-Mart recorded a strong sales/PAT growth of 21%/58% YoY (7% beat) in 3QFY20 amidst weak 2% SSSG due to the poor macro outlook, subdued festive season and muted pre-winter sales. However, we raise our FY20/FY21 EBITDA estimate by 14%/11%, on the back of its steady pace of store additions and strong cost optimization initiatives driving margin improvement. However, given the weak economic outlook and the stocks recent sharp rally, we maintain V-Marts revenues for 3QFY20 were up 21% YoY to INR5.6b (7% above est.), despite a weak economic environment and slowing consumer spending. Gross margin improved by 80bp YoY to 36.3%, led by supplier consolidation and efficient merchandise sourcing. Pre Ind-AS116, EBITDA was up 29% YoY to INR944m (16% beat), led by EBITDA margin improvement of 16.8% (up 100bp YoY). PAT at INR661m was up 58% YoY (22% beat), driven by higher sales and improving margins.

Axis Direct decreased Buy price target of V-Mart Retail Ltd. to 845.0 on 19 Aug, 2025.

Is V Mart Retail Ltd. worth buying?

92 Votes:

Buy 73.91%

Sell 15.22%

Hold 10.87%

RESEARCH REPORTS

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