NSE: VMM | BSE: 544307

Mid-range Performer

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121.05 -0.61 (-0.50%)

9.2M NSE+BSE Volume

NSE 25 May, 2026 3:31 PM (IST)

56,601.8

Market Cap

High in industry

Beta 1Year

Average 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.

28 Jan 2026

121.05

-0.50%

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 its 30 day SMA of 121.6

Vishal Mega Mart Ltd.

17 Dec 2025

121.05

-0.50%

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.

Institutional Investors have increased holdings from 40.99% to 54.75% in Mar 2026 qtr.

Vishal Mega Mart Ltd.

16 Dec 2025

121.05

-0.50%

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).

FII/FPI have increased holdings from 15.52% to 22.01% in Mar 2026 qtr.

Vishal Mega Mart Ltd.

10 Dec 2025

121.05

-0.50%

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. is trading below its 30 day SMA of 121.6

Vishal Mega Mart Ltd.

14 Nov 2025

121.05

-0.50%

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.

Number of FII/FPI investors decreased from 603 to 543 in Mar 2026 qtr

Vishal Mega Mart Ltd.

14 Nov 2025

121.05

-0.50%

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. is trading below its 30 day SMA of 121.6

Vishal Mega Mart Ltd.

29 Aug 2025

121.05

-0.50%

VISHAL MEGA MART LIMITED

Buy: Vishal Mega Mart Ltd.

FundsIndia

Vishal Mega Mart Ltd. has an average target of 175.50 from 4 brokers.

Vishal Mega Mart Ltd.

16 Jul 2025

121.05

-0.50%

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.

FII/FPI have increased holdings from 15.52% to 22.01% in Mar 2026 qtr.

Vishal Mega Mart Ltd.

07 Apr 2025

121.05

-0.50%

Primary Research on private label strategy in FMCG

Buy: Vishal Mega Mart Ltd.

ICICI Securities Limited

Vishal Mega Mart’s (VMM) private label strategy in FMCG (~27% of revenue) has been important for its success story, redefining value for consumers. High presence of large-pack SKUs and reputed manufacturers for its private label brands.

Promoters have decreased holdings from 54.09% to 40.12% in Mar 2026 qtr

Vishal Mega Mart Ltd.

11 Dec 2024

121.05

-0.50%

IPO Note - Vishal Mega Mart Limited - 11122024

IPO Note: Vishal Mega Mart Ltd.

HDFC Securities

Issue Snapshot: Issue Open: December 11 December 13, 2024 Price Band: Rs. 74 78 *Issue Size: Up to Rs 8000 cr (Entirely Offer for sale) Reservation for: QIB upto 50% eq sh Non-Institutional alteast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail alteast 35% eq sh Face Value: Rs 10 Book value: Rs 13.14 (September 30, 2024) Bid size: - 190 equity shares and in multiples thereof 100% Book built Issue IPO Note - Vishal Mega Mart Limited