Mumbai: Vishal Mega Mart shares rallied 9.99 per cent to Rs 118.4 on Wednesday after the company reported a strong Q4 performance. Net profit for the January–March quarter rose by 88.03 per cent to Rs 115.11 crore compared to Rs 61.22 crore last year. Revenue also increased by 23.15 per cent to Rs 2,547.89 crore.
At 11:18 AM, the stock was trading at Rs 117.59, up 9.17 per cent, while the Nifty 50 index fell slightly by 0.06 per cent. This is the highest level for the stock since February 7.
Strong growth in FY25
For the full financial year ended March 2025, Vishal Mega Mart reported a profit of Rs 631.97 crore, up 36.81 per cent from Rs 461.94 crore last year. Full-year revenue stood at Rs 10,716.35 crore, a 20.25 per cent rise from Rs 8,911.95 crore in FY24.
CEO confident in strategy
CEO Gunender Kapur said the company showed strong results across different categories. He highlighted their unique strategy and focus on affordable products. He added that FY25 also marked the company’s successful stock market debut and that they will continue to grow responsibly and improve their private label products.
IPO and stock market debut
Vishal Mega Mart made its stock market debut at Rs 110 per share on the BSE, which was 41 per cent higher than the issue price. On the NSE, it listed at a 33.33 per cent premium. The IPO, an offer-for-sale worth Rs 8,000 crore, was very successful. It was subscribed 27.28 times overall, with strong interest from institutional investors.
Stock performance
The stock has gained over 22 per cent from its recent low of Rs 96 and is up 11 per cent this year, beating the Nifty 50’s 2.9 per cent rise. Vishal Mega Mart now has a market value of Rs 54,249.65 crore, according to BSE.
