Mumbai: V-Mart Retail Ltd posted a sharp turnaround in Q3 FY26, reporting a consolidated net profit of ₹87.99 crore compared to a ₹8.87 crore loss in Q2. Revenue from operations surged 39.6% sequentially to ₹1,126.38 crore. Against a Q3 FY25 profit of ₹69.74 crore and revenue of ₹1,026.73 crore, the latest results highlight a strong festive-led recovery and efficient cost control.
Festive season drives bumper Q3
V-Mart’s revenue soared to ₹1,126.38 crore in the December quarter, up from ₹806.87 crore in Q2 and ₹1,026.73 crore in Q3 last year. Net profit rose to ₹87.99 crore from a loss of ₹8.87 crore in Q2, and was 26.2% higher year-on-year. The performance was propelled by festive and winter sales, along with normalization of footfalls across key regions.
Sequential recovery builds momentum
Total expenses increased 23.3% QoQ to ₹1,015.32 crore but remained controlled relative to revenue growth. EBITDA more than doubled to ₹209.5 crore from ₹71.51 crore in Q2. Finance costs rose modestly to ₹20.55 crore, while depreciation stood at ₹77.89 crore. EPS turned positive to ₹11.08 from a negative ₹1.12 last quarter.
Margin expansion and festive boost
The company credited its strong Q3 showing to higher throughput during Diwali and December holidays, a richer product mix, and leaner inventory positioning. EBITDA margin jumped to 18.6%, aided by better operating leverage and segmental contribution from rural and tier-2 markets. V-Mart continues to optimize its store portfolio while expanding digital initiatives.
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Nine-month figures signal turnaround
For 9M FY26, V-Mart reported ₹2,818.47 crore in revenue and ₹112.72 crore in net profit, versus ₹2,473.78 crore and ₹25.34 crore respectively last year. This marks a 13.9% rise in revenue and over 4x increase in profit. With continued traction in omni-channel offerings and operational discipline, the company appears well-positioned heading into the final quarter.
Disclaimer: This article is based on the company’s regulatory filing for Q3 FY26. It is for informational purposes only and does not constitute investment advice or a recommendation.
