NSE: VMM | BSE: 544307

Falling Comet

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108.04 -1.83 (-1.67%)

31.45% Fall from 52W High

11.9M NSE+BSE Volume

NSE 24 Jul, 2026 3:31 PM (IST)

50,609.3

Market Cap

High in industry

Beta 1Year

Low volatility

Vishal Mega Mart Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for VMM, BSE:544307 Vishal Mega Mart Ltd.

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Vishal Mega Mart Ltd.

24 Jul 2026

108.04

-1.67%

Momentum intact

Buy: Vishal Mega Mart Ltd.

Target

ICICI Securities Limited

Vishal Mega Mart (VMM) reported consolidated revenue growth of 18.7% YoY to ~INR 37bn, driven by 10% SSSG (samestore-sales growth) and continued store expansion.

ICICI Securities Limited decreased Buy price target of Vishal Mega Mart Ltd. to 150.0 on 24 Jul, 2026.

Vishal Mega Mart Ltd.

23 Jul 2026

108.04

-1.67%

In-line 1Q; robust operating performance continues, LT ownership and key man risk remains an overhang

Buy: Vishal Mega Mart Ltd.

Target

Motilal Oswal

Vishal Mega Mart (VMM) delivered a robust 1QFY27, with revenue rising ~19% YoY, driven by a robust 10% adj. SSSG and ~11% YoY area addition. VMM’s pre-IND AS EBITDA margin expanded ~25bp YoY to 10.2 as higher gross margin (+30bp YoY) was partly offset by higher employee costs (minimum wage hikes in several states).

ICICI Securities Limited decreased Buy price target of Vishal Mega Mart Ltd. to 150.0 on 24 Jul, 2026.

Vishal Mega Mart Ltd.

28 Jan 2026

108.04

-1.67%

Resilient quarter despite the shift in festive period

Buy: Vishal Mega Mart Ltd.

Motilal Oswal

Vishal Mega Mart (VMM) delivered a resilient performance amid a partial shift in festive (to 2Q) with ~17% YoY revenue growth, led by 29 net store additions (+15% YoY) and ~7.5% adj. SSSG (vs. 12.8% in 2Q, ~210bp
adverse impact due to festive shift to 2Q).

Vishal Mega Mart Ltd. is trading below all available SMAs

Vishal Mega Mart Ltd.

17 Dec 2025

108.04

-1.67%

Voice of the Head – Uphold our thesis; new levers scaling well

Buy: Vishal Mega Mart Ltd.

Emkay

We met Gunender Kapur, Investor CEO - Vishal Mega Mart (VMM), to assess the progress on our thesis around sustenance of double-digit SSG, 2.5x expansion opportunity, and retention of best-in-class RoIC (~40%) for VMM.

Vishal Mega Mart Ltd. is trading below all available SMAs

Vishal Mega Mart Ltd.

16 Dec 2025

108.04

-1.67%

Long runway for sustainable double-digit growth

Buy: Vishal Mega Mart Ltd.

Target

Motilal Oswal

Management remains optimistic about sustaining double-digit SSSG on an annual basis (quarterly deviations might happen due to a change in the festive season, etc.) for a fairly long period, driven by differentiated own brands portfolio (~75% of the revenue mix).

Vishal Mega Mart Ltd. has an average target of 168.00 from 4 brokers.

Vishal Mega Mart Ltd.

10 Dec 2025

108.04

-1.67%

CXO 1x1: Gunender Kapur, MD & CEO

Buy: Vishal Mega Mart Ltd.

ICICI Securities Limited

High confidence on Kerala TAM opening up in a material way was one of the major takeaways from our meeting with GK. Strong traction in Kerala with a ~100-store opportunity; entry in Tamil Nadu will be in a phased manner to protect store economics.

Vishal Mega Mart Ltd. has an average target of 168.00 from 4 brokers.

Vishal Mega Mart Ltd.

14 Nov 2025

108.04

-1.67%

Another superlative quarter on all fronts

Buy: Vishal Mega Mart Ltd.

Target

Motilal Oswal

Vishal Mega Mart (VMM) delivered another strong quarter, with ~22% YoY revenue growth, led by 25 net store additions (+15% YoY) and robust ~12.8% adjusted SSSG, benefiting from an early festive season.

ICICI Securities Limited decreased Buy price target of Vishal Mega Mart Ltd. to 150.0 on 24 Jul, 2026.

Vishal Mega Mart Ltd.

14 Nov 2025

108.04

-1.67%

Superior growth performance to continue

Buy: Vishal Mega Mart Ltd.

Target

ICICI Securities Limited

VMM sustained its strong growth momentum (+22.4% YoY revenue growth), driven by 12.8% SSSG and healthy retail area expansion. Profitability surprised us positively, driven by better revenue mix (higher apparel sales), operational efficiencies and operating leverage.

Vishal Mega Mart Ltd. has an average target of 168.00 from 4 brokers.

Vishal Mega Mart Ltd.

29 Aug 2025

108.04

-1.67%

VISHAL MEGA MART LIMITED

Buy: Vishal Mega Mart Ltd.

FundsIndia

ICICI Securities Limited decreased Buy price target of Vishal Mega Mart Ltd. to 150.0 on 24 Jul, 2026.

Vishal Mega Mart Ltd.

16 Jul 2025

108.04

-1.67%

A play on rising aspirations in Tier 2+ India

Buy: Vishal Mega Mart Ltd.

Motilal Oswal

Vishal Mega Mart (VMM) is one of India’s largest offline-first value retailers, catering to a population of ~1b across the middle- and low-income segments.