Highlights
- V-Mart Retail reported a 23% year-on-year increase in Q1 FY27 revenue.
- The company achieved same store sales growth of 9% during the quarter.
- V-Mart expanded its retail network with 15 new store openings across seven states.
V-Mart Retail Limited (NSE:VMART) has released its business update for the quarter ended June 30, 2026. According to the company, total revenue from operations stood at Rs. 1,089 Cr during Q1 FY27, compared with Rs. 885 Cr in the corresponding quarter of the previous financial year, reflecting a year-on-year growth of 23%.
The company noted that the reported revenue figures are provisional and remain subject to review by its statutory auditors.
Same Store Sales Growth Remains Positive
During the quarter, V-Mart reported overall same store sales growth (SSSG) of 9%. The company's V-Mart format recorded SSSG of 8%, while its Unlimited format registered same store sales growth of 13%.
The business update did not provide additional operational or category-wise performance details beyond the reported SSSG figures.
Retail Footprint Expands with New Store Openings
V-Mart continued its store expansion during the first quarter of FY27 by opening 15 new stores while closing one store during the period. As a result, the company's total operational store count increased to 591 stores as of June 30, 2026.
The newly opened stores include seven outlets in Uttar Pradesh, two in Uttarakhand, and one store each in Gujarat, Jharkhand, Karnataka, New Delhi, Tamil Nadu and West Bengal.
Business Update Filed with Stock Exchanges
The company submitted the quarterly business update to the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) under the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure was signed by Megha Tandon, Company Secretary and Compliance Officer of V-Mart Retail Limited.
Key Risks
- Consumer spending patterns may influence retail sales performance.
- Expansion plans depend on successful execution of new store operations.
- Rising operating costs could affect profitability.
- Regional demand variations may impact store performance.
Summary
V-Mart Retail reported provisional revenue from operations of Rs. 1,089 Cr for Q1 FY27, representing a 23% year-on-year increase over Rs. 885 Cr in Q1 FY26. The company also achieved same store sales growth of 9% and expanded its retail network by opening 15 new stores, taking its total operational store count to 591 as of June 30, 2026.
FAQs
Q: What revenue did V-Mart Retail report for Q1 FY27?
A: V-Mart Retail reported provisional revenue from operations of Rs. 1,089 Cr for the quarter ended June 30, 2026.
Q: What was V-Mart's same store sales growth during Q1 FY27?
A: The company reported overall same store sales growth of 9%, with V-Mart at 8% and Unlimited at 13%.
Q: How many stores does V-Mart operate after Q1 FY27?
A: Following the opening of 15 stores and closure of one store, V-Mart operated 591 stores as of June 30, 2026.