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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 06 Nov 2026, 03:30 pm
Ms. Soumya Rajan, a Non-Executive Independent Director (DIN: 03579199), resigned from the Board and all committee memberships effective November 02, 2026. The company cited increasing professional commitments at Waterfield Advisors as the reason, confirming no other material reasons for her departure.
As of November 06, 2026, both daily and weekly trends are bearish. The Supertrend direction is down on both timeframes, with the ADX reading at 36.7 (daily) and 26.2 (weekly). On the daily chart, Minus DI (22.6) exceeds Plus DI (20.02), indicating downward momentum.
VMM has declined 33.3% over the last one year and 30.8% year-to-date. In the short term, it gained 7.6% over the past 10 days but fell 6.9% over the last month. The stock is currently trading near ₹94.00, down 38.6% from its peak drawdown level.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 6 candles
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Upward price movement of 3.79 standard deviations recorded on 2026-11-02.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Revenue From Operations | ₹2,981 crore | PEAK₹3,727 crore | ₹3,399 crore |
| Expenses | ₹2,797 crore | PEAK₹3,414 crore | ₹3,226 crore |
| Other Expenses | ₹272 crore | ₹310 crore | PEAK₹315 crore |
| Finance Costs | ₹41.2 crore | ₹46.3 crore | PEAK₹47.2 crore |
| Profit Before Exceptional Items And Tax | ₹204 crore | PEAK₹346 crore | ₹211 crore |
| Tax Expense | ₹52.1 crore | PEAK₹87.2 crore | ₹53.4 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | ₹0.33 per share | PEAK₹0.55 per share | ₹0.34 per share |
| Diluted Earnings Loss Per Share From Continuing And Discontinued Operations | ₹0.32 per share | PEAK₹0.55 per share | ₹0.34 per share |
Vishal Mega Mart reported revenue from operations of ₹3,399 crore in Q2 FY2026-27, down 8.8% from Q1 but up 14.0% year on year. Profit for the period declined 39.0% sequentially to ₹158 crore, while rising 3.7% from the year-earlier quarter. Expenses fell more slowly than revenue, and basic EPS decreased to ₹0.34 from ₹0.55 in Q1.
Revenue from operations was ₹3,399 crore, compared with ₹3,727 crore in Q1 FY2026-27 and ₹2,981 crore in Q2 FY2025-26. It was below the ₹3,670 crore reported in Q3 FY2025-26 and above the ₹3,114 crore recorded in Q4 FY2025-26. Total income declined 8.6% sequentially to ₹3,437 crore and was 14.5% higher year on year.
Basic and diluted EPS were both ₹0.34, compared with ₹0.55 in Q1 FY2026-27. Basic EPS was ₹0.33 in Q2 FY2025-26. Across the recent quarters, basic EPS was ₹0.67 in Q3 FY2025-26, ₹0.36 in Q4 FY2025-26, ₹0.55 in Q1 FY2026-27 and ₹0.34 in Q2 FY2026-27.
Revenue and profit grew year on year, but the quarter saw a sharp sequential pullback in both, with profit falling faster than revenue as expenses declined more slowly than sales. Higher inventory and trade-payable balances than at the March year-end are additional movements to monitor alongside the earnings trend.
Disclosed bulk and block transactions involving Vishal Mega Mart, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for Vishal Mega Mart.
Vishal Mega Mart Limited informed the National Stock Exchange and BSE Limited on November 02, 2026, that Ms. Soumya Rajan (DIN: 03579199) has tendered her resignation as a Non-Executive Independent Director with effect from the close of business hours on November 02, 2026. The resignation is due to increasing professional commitments at Waterfield Advisors. Ms. Rajan confirmed there are no other material reasons for her departure and will cease to be a member and Chairperson of all Board Committees upon cessation.
Independent Director Ms. Soumya Rajan (DIN: 03579199) resigned from Vishal Mega Mart Limited, effective at the close of business on November 2, 2026, citing increasing professional commitments to her company, Waterfield Advisors. She will also cease to be a member and chairperson of all Board committees on which she serves. The filing states that she confirmed there were no other material reasons for her resignation.
Vishal Mega Mart Limited (NSE: VMM) has informed the National Stock Exchange of India and BSE Limited that Ms. Soumya Rajan (DIN: 03579199), Independent Director, has tendered her resignation from the Board and all committee memberships with effect from the close of business hours on November 02, 2026. The resignation is due to increasing professional commitments to Waterfield Advisors. Ms. Rajan confirmed there are no other material reasons for her departure.
Vishal Mega Mart Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
Soumya Rajan resigned as a Non-Executive Independent Director of Vishal Mega Mart Limited, effective 2026-11-02. The company stated the reason was her increasing professional commitments to her company, Waterfield Advisors, and confirmed there was no other material reason beyond those provided in her resignation letter.
Vishal Mega Mart Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
Vishal Mega Mart Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
Vishal Mega Mart Limited’s Board approved Ms. Ashok Revathy (DIN: 00057539) as an Additional Director (Independent Director) effective October 30, 2026, following a recommendation from the Nomination and Remuneration Committee. The Board further recommended her appointment as an Independent Director, not liable to retire by rotation, for a first term of five consecutive years effective the same date.
Recent market and company developments associated with Vishal Mega Mart.
Vishal Mega Mart shares have fallen nearly 30% in six months, but Motilal Oswal maintained its Buy rating and set a ₹125 target, implying up to 39% upside.
Eternal’s food delivery growth gathers pace, Indian Hotels raises its FY27 outlook, and SRF and Vishal Mega Mart face market pressure. Here are the key takeaways from Wednesday’s earnings action.
Vishal Mega Mart shares fell sharply on Wednesday after the retailer reported a 110-basis-point year-on-year contraction in EBITDA margin to 12.1% in Q2FY27. Net profit rose 3.7% to Rs 157.9 crore, while revenue increased 14% to Rs 3,398.5 crore. The company attributed margin pressure to a shift in festival timing.
Vishal Mega Mart Q2 results: The company has reported a consolidated net profit of ₹157.9 crore in Q2, up 3.7 per cent on a Y-o-Y basis. Its profit margin contracted to 4.6 per cent in the quarter.
Vishal Mega Mart Limited reported a 3.7 per cent increase in Profit After Tax (PAT) for the second quarter of fiscal year 2027 (Q2 FY27), reaching ₹157.9 crore. Revenue from operations for the quarter grew 14 per cent to ₹3,398.5 crore.
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Vishal Mega Mart's EBITDA margin for the quarter narrowed by over 100 basis points to 12.1% from 13.2% in the year-ago period.
In the year-ago period, Vishal Mega Mart had posted a profit of Rs152 crore.
Comprehensive Section Breakdown for Vishal Mega Mart
Strategic Vision: Value retail chain serving middle-income consumers across India.
• Extensive private labels across key product categories.
• Focus on value retail in Tier 2 and Tier 3 cities.
• Efficient store operations and bulk sourcing.
Total expenses decreased 5.5% QoQ to ₹3,226 crore, less than the 8.8% fall in revenue. Purchases of stock in trade were ₹2,873 crore, while changes in inventories of finished goods, work in progress and stock in trade were negative ₹425 crore. Other expenses rose 1.7% QoQ to ₹315 crore, and finance costs increased 1.9% to ₹47 crore.
Profit before tax fell 38.9% QoQ to ₹211 crore, but was 3.4% higher than in Q2 FY2025-26. Tax expense declined to ₹53 crore from ₹87 crore in Q1. Profit for the period was ₹158 crore, down 39.0% sequentially and up 3.7% year on year.
At 30 September 2026, cash and cash equivalents were ₹279 crore, compared with ₹530 crore at 31 March 2026 and ₹315 crore at 30 September 2025. Current investments stood at ₹1,888 crore, up from ₹1,119 crore at 31 March 2026; other bank balances were ₹161 crore.
Inventories were ₹2,316 crore at 30 September 2026, compared with ₹2,017 crore at 31 March 2026 and ₹2,214 crore at 30 September 2025. Trade payables rose to ₹2,186 crore from ₹1,619 crore at 31 March 2026. Dues to micro and small enterprises within that balance increased to ₹1,195 crore from ₹945 crore.
Equity increased to ₹7,896 crore at 30 September 2026 from ₹7,413 crore at 31 March 2026. Equity share capital was ₹4,685 crore, compared with ₹4,673 crore at the March year-end.
Category: Consumer Tech
This segment includes kidswear, menswear, womenswear, seasonal wear, and other budget fashion items, with a significant portion consisting of in-house private labels.
Key Products & Services: private labels
Category: Consumer Tech
This segment covers products for home and kitchen, appliances, and travel-related items.
Category: Consumer Tech
The company also provides packaged food, groceries, personal care, and household care products, fulfilling a wide array of daily consumer needs.
Core Thesis: The integration of private labels across fashion and home products is central to Vishal Mega Mart's operating model, contributing to higher profit margins and reducing reliance on external suppliers.
• High-volume, low-margin model: The company operates on a high-volume, low-margin business model, strategically combining scale, extensive private labels, bulk sourcing, and efficient store operations. • Strategic store locations: The company establishes large-format stores in densely populated areas, often near local markets or transport hubs, to ensure consistent customer footfall. • Focus on affordability and accessibility: The business model emphasizes accessibility and affordability by focusing on regions with lower competition and operating costs, such as Tier 2 and Tier 3 cities. • Private label integration: A significant portion of apparel and fashion products consists of in-house private labels, which allows the company to control design, manufacturing costs, pricing, and inventory.