NSE: VMM | BSE: 544307

Falling Comet

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97.00 0.70 (0.73%)

New 52W Low today

7.1M NSE+BSE Volume

NSE 13 Oct, 2026 3:31 PM (IST)

45,442.6

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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.

23 Sep 2026

97.00

0.73%

Sustained SSG and new formats strengthen growth visibility

Buy: Vishal Mega Mart Ltd.

Target

Emkay

We attended VMM’s analyst meet to assess progress on our thesis around the sustenance of double-digit SSG, long-term expansion opportunity, and retention of best-in-class ROIC.

Vishal Mega Mart has lost -33.65% in the last 1 Year

Vishal Mega Mart Ltd.

24 Jul 2026

97.00

0.73%

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.

Emkay decreased Buy price target of Vishal Mega Mart Ltd. to 170.0 on 23 Sep, 2026.

Vishal Mega Mart Ltd.

23 Jul 2026

97.00

0.73%

Vishal Mega Mart Result Update Q1FY27

Buy: Vishal Mega Mart Ltd.

Aditya Birla Money Limited

Vishal Mega Mart (VMM IN) delivered a strong Q1FY27, with consolidated revenue up 18.7% YoY to Rs 37.3bn, 1% ahead of our estimate. Growth was led by 10% SSSG, ahead of our 8% estimate, supported by new customer additions, higher purchases by existing customers and continued scale up in hyperlocal delivery. Importantly, VMM maintained prices in its opening and mid-price portfolios despite inflation, which protected customer affordability and helped drive footfalls, volumes and SSSG. This reinforces VMM's ability to drive volume led growth while protecting affordability, a key differentiator in the value retail...

Emkay decreased Buy price target of Vishal Mega Mart Ltd. to 170.0 on 23 Sep, 2026.

Vishal Mega Mart Ltd.

23 Jul 2026

97.00

0.73%

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).

Vishal Mega Mart Ltd. is trading below all available SMAs

Vishal Mega Mart Ltd.

28 Jan 2026

97.00

0.73%

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).

Emkay decreased Buy price target of Vishal Mega Mart Ltd. to 170.0 on 23 Sep, 2026.

Vishal Mega Mart Ltd.

17 Dec 2025

97.00

0.73%

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 has lost -33.65% in the last 1 Year

Vishal Mega Mart Ltd.

16 Dec 2025

97.00

0.73%

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).

Number of FII/FPI investors increased from 520 to 532 in Sep 2026 qtr.

Vishal Mega Mart Ltd.

10 Dec 2025

97.00

0.73%

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 all available SMAs

Vishal Mega Mart Ltd.

14 Nov 2025

97.00

0.73%

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.

Emkay decreased Buy price target of Vishal Mega Mart Ltd. to 170.0 on 23 Sep, 2026.

Vishal Mega Mart Ltd.

14 Nov 2025

97.00

0.73%

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.