Name: Latest research reports of V-Mart Retail Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: V-Mart Retail Ltd.
Rating: 3
Author: ICICI Direct

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	10 Sep 2025	V-Mart Retail	Consensus Share Price Target	748.15	1048.86	-	40.19	buy	pdf Detailed Estimates
	07 Feb 2023	V-Mart Retail	ICICI Direct Reco Target	748.15	2560.00	2636.45 (-71.62%)	Target met	Hold	pdf post cache	Broker Report V-Mart Ltd. ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	07 Feb 2023	V-Mart Retail	ICICI Securities Limited Reco Target	748.15	3000.00	2636.45 (-71.62%)	Pre-Bonus/ Split	Accumulate	pdf post cache	Broker Report Late winter and cost challenges impact 3Q performance ICICI Securities Limited Result has been unexciting; pressure on SSSG (due to late winter), declining margins due to (1) raw material cost pressure, (2) value repositioning (launch of sharp price points) and (3) ~150bps impact of online-platform cash-burn (on EBITDA margin) have been concerning. Positively, incremental store addition in South India (of Unlimited) is tracking well (similar revenue psf as VMART). pdf Copy Link Share on Share on Share on Share on Alert
	15 Nov 2022	V-Mart Retail	Axis Direct Target	748.15	3500.00	2822.45 (-73.49%)	Pre-Bonus/ Split	Buy	pdf post cache	Broker Report Result Update:V-Mart Retail Axis Direct We maintain a BUY rating on the stock with an unchanged TP of Rs 3,500, implying an upside of 24% from the CMP pdf Copy Link Share on Share on Share on Share on Alert
	15 Nov 2022	V-Mart Retail	ICICI Direct Target	748.15	3310.00	2822.45 (-73.49%)	Pre-Bonus/ Split	Buy	pdf post cache	Broker Report V-Mart Ltd. ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	14 Nov 2022	V-Mart Retail	ICICI Securities Limited Target	748.15	3500.00	2833.05 (-73.59%)	Pre-Bonus/ Split	Buy	pdf post cache	Broker Report Healthy quarter! ICICI Securities Limited V-MART’s Q2FY23 EBITDA at Rs536mn, up 2.6x YoY (attributable to low base due to covid-induced restrictions), was above consensus estimates. Gross margin expanded 560bps YoY led by likely lower discounts and consistent performance of Unlimited stores. pdf Copy Link Share on Share on Share on Share on Alert
	14 Nov 2022	V-Mart Retail	Motilal Oswal Target	748.15	3950.00	2822.45 (-73.49%)	Pre-Bonus/ Split	Buy	pdf post cache	Broker Report Sign of improved performance; Rural pain still persist Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	09 Aug 2022	V-Mart Retail	BOB Capital Markets Ltd.	748.15	3620.00	2946.75 (-74.61%)	Pre-Bonus/ Split	Buy	pdf post cache	Broker Report V-Mart Retail (BUY): Growth off low base but yet to retrace to pre-Covid levels BOB Capital Markets Ltd. Q1 revenue grew 230% YoY to Rs 5.9bn (80% from VMART, 20% from Unlimited stores); 3.8% growth (ex-Unlimited) vs. Q1FY20 pdf Copy Link Share on Share on Share on Share on Alert
	09 Aug 2022	V-Mart Retail	Motilal Oswal Target	748.15	4210.00	2946.75 (-74.61%)	Pre-Bonus/ Split	Buy	pdf post cache	Broker Report Pain in rural India persists, drags performance Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	09 Aug 2022	V-Mart Retail	ICICI Direct	748.15	3465.00	2948.70 (-74.63%)	Pre-Bonus/ Split	Buy	pdf post cache	Broker Report V-Mart Ltd. ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	09 Jul 2022	V-Mart Retail	Axis Direct Target	748.15	2770.00	2518.00 (-70.29%)	Target met	Buy	pdf post cache	Broker Report Pick of the Week:11 JUL 2022 Axis Direct We recommend a BUY with a near-term TP of Rs 2,770/share, implying an upside of 10% from the CMP. pdf Copy Link Share on Share on Share on Share on Alert
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33.79% Fall from 52W High

V-Mart Retail Ltd. share price target

V-Mart Retail Ltd. has an average share price target of 1026.50. The consensus estimate represents an upside of 37.21% from the last price of 748.15. View 13 reports from 4 analysts offering long-term price targets for V-Mart Retail Ltd..

V-Mart Ltd.

Late winter and cost challenges impact 3Q performance

Result Update:V-Mart Retail

V-Mart Ltd.

Healthy quarter!

Sign of improved performance; Rural pain still persist

V-Mart Retail (BUY): Growth off low base but yet to retrace to pre-Covid levels

Pain in rural India persists, drags performance

V-Mart Ltd.

Pick of the Week:11 JUL 2022

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