# Vishal Mega Mart (VMM) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/vmm

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹94
- Change: +0.11%
- As of: 2026-11-06
- 1D return: +0.11%
- 5D return: +11.37%
- 1M return: -3.09%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

VMM closed at ₹94.0 on 2026-11-06, following an extreme upward gap of +3.4% on 2026-11-05 and a +5.3% move on 2026-11-02. Despite this recent price strength, the broader technical structure remains bearish across weekly and monthly horizons, with price trading below all major moving averages and the Supertrend indicator. On the daily chart, the trend is established (ADX 36.7) but directional bias is mixed: while price sits above the 20-period EMA and SMA, it remains below the 50-period and 200-period SMAs, and the Minus DI (22.6) exceeds Plus DI (20.02). The stock is positioned in the upper-middle of its 20-day range (+70.4%) but near the lower end of its 252-day range (+15.6%). Risk metrics highlight significant volatility (annualized 34.4%) and a current drawdown of -38.6%. Immediate resistance lies at ₹95.11 (1.18% above), while support is found at ₹93.51 (0.52% below). A sustained break above ₹95.11 would be required to challenge the prevailing downtrend.

- Recent Momentum: Extreme upward gaps on 2026-11-05 (+3.4%) and 2026-11-02 (+5.3%) have driven price above short-term EMAs, contrasting with the broader bearish structure.
- Trend Divergence: Daily ADX indicates strong trend conviction (36.7), yet price remains below key long-term supports (50/200 SMA) and the Supertrend, signaling a potential counter-trend rally within a larger decline.
- Key Levels: Resistance at ₹95.11 (1.18% above); Support at ₹93.51 (0.52% below). A close above ₹95.11 is needed to confirm shift in short-term bias.
- Risk Profile: High volatility (34.4% annualized) and significant drawdown (-38.6%) persist; position is near 252-day lows (+15.6%) despite being in the top quartile of the 20-day range.

- Outside Bar
- Doji

### News Context

Vishal Mega Mart Limited (NSE: VMM) filed multiple disclosures on November 2, 2026, confirming the resignation of Ms. Soumya Rajan as a Non-Executive Independent Director and Chairperson of all Board Committees, effective at the close of business that day. The company cited increasing professional commitments at Waterfield Advisors as the sole reason for her departure, with no other material reasons stated. As of the market snapshot on November 6, 2026, VMM shares closed at ₹94.0, reflecting a significant downward trend over the past year (-33.3%) and year-to-date (-30.8%). Technical indicators show a bearish daily supertrend direction, with the stock trading near its pivot support level of ₹93.51. Resistance is identified at ₹95.11, just 1.18% above current levels.

- Ms. Soumya Rajan resigned as Non-Executive Independent Director and Committee Chairperson effective November 2, 2026, due to commitments at Waterfield Advisors.
- Shares closed at ₹94.0 on November 6, 2026, with a market capitalization of approximately ₹43,990 crore.
- The stock has declined 33.3% over the last year and 30.8% year-to-date through November 6, 2026.
- Technical analysis indicates a bearish daily trend, with immediate resistance at ₹95.11 and support at ₹93.51.

- Vishal Mega Mart Limited has informed the Exchange regarding Resignation of Ms Soumya Rajan as Non- Executive Independent Director of the company w.e.f. November 02, 2026. |SUBJECT: Resignation
- 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 has informed the Exchange about change in Management |SUBJECT: Change in Management
- 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 about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA

### Official Filings

Vishal Mega Mart Limited (VMM) has completed a leadership transition on its Board, replacing Ms. Soumya Rajan with Ms. Ashok Revathy as a Non-Executive Independent Director. Ms. Rajan resigned effective November 2, 2026, citing professional commitments at Waterfield Advisors, while Ms. Revathy was appointed effective October 30, 2026, for a five-year term. This change maintains the company's governance structure without disrupting board continuity.

Financially, VMM reported strong performance for Q2 and H1 FY27 (ended September 30, 2026). Revenue grew 14% to ₹3,399 crores in Q2 and 16.4% to ₹7,126 crores in H1. However, profitability margins contracted slightly; Q2 Operating EBITDA margin fell to 7.7% from 8.5%, and adjusted PAT margin dropped to 5.1% from 5.4%. The company expanded its physical footprint significantly, adding 26 stores in Q2 to reach 844 total stores across 582 cities. Management continues to guide for aggressive expansion, targeting over 100 new store openings for the fiscal year.

- Board Change: Ms. Ashok Revathy appointed as Independent Director effective Oct 30, 2026, succeeding Ms. Soumya Rajan who resigned Nov 2, 2026 due to external commitments.
- Q2 FY27 Financials: Revenue grew 14% YoY to ₹3,399 crores, but Operating EBITDA margin compressed to 7.7% (from 8.5%) and adjusted PAT margin fell to 5.1% (from 5.4%).
- H1 FY27 Growth: Half-year revenue reached ₹7,126 crores (+16.4%), with same-store sales growth of 7.7% and adjusted PAT up 15.8% to ₹437 crores.
- Store Expansion: Total store count increased to 844 by Sept 2026 end; management guided for more than 100 new store openings in FY27.

- [Vishal Mega Mart Limited has informed the Exchange regarding Resignation of Ms Soumya Rajan as Non- Executive Independent Director of the company w.e.f. November 02, 2026. |SUBJECT: Resignation](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026181257_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- [Vishal Mega Mart Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026181923_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- [Vishal Mega Mart Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026182702_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- [Vishal Mega Mart Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/VMM_ROID_103059_KMP_Doc.zip)
- [Vishal Mega Mart Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_24077_WebXMLFile_20261102_184519860.xml)
- [Vishal Mega Mart Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/VMM_ROID_103060_KMP_Doc.zip)
- [Vishal Mega Mart Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/VMMP2024_30102026173519_Intimation_Regulation_30_Change_in_Directorate.pdf)
- [Vishal Mega Mart Limited has informed the Exchange regarding Appointment of Ms. Ashok Revathy as Non- Executive Independent Director of the company w.e.f. October 30, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/VMMP2024_30102026172916_Intimation_Regulation_30_Change_in_Directorate.pdf)
- [Vishal Mega Mart Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_24077_WebXMLFile_20261030_173724194.xml)
- [Vishal Mega Mart Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/VMMP2024_26102026130822_Disclosure_Transcript_VMM_Oct_2026.pdf)

### Fundamentals

Vishal Mega Mart (VMM) demonstrates robust top-line expansion but faces a sequential earnings deceleration in Q2 FY2026-27. Revenue fell to ₹3,399 crore from ₹3,727 crore in Q1, while operating profit contracted sharply from ₹346 crore to ₹211 crore. Despite this quarterly dip, the trailing twelve months (TTM) show strong momentum with sales growing 18% and net profit rising 22%. Earnings quality remains high, evidenced by Cash Flow from Operations (CFO) of ₹1,621 crore for Mar 2026 against an Operating Profit of ₹1,918 crore, indicating that profits are converting efficiently into cash. The balance sheet is expanding, with total assets reaching ₹12,642 crore as of Sep 2026, supported by increased borrowings (₹2,123 crore) and investments (₹1,888 crore). Shareholding patterns show a significant shift, with promoter holding dropping to 40.02% in Sep 2026 from 54.11% in Sep 2025, while DII and FII stakes have risen. The key checkpoint is whether VMM can stabilize margins and sustain growth beyond the seasonal or operational headwinds seen in Q2.

- Sequential Q2 FY2026-27 revenue declined to ₹3,399 crore (from ₹3,727 crore in Q1), with operating profit falling to ₹211 crore from ₹346 crore.
- TTM performance remains strong: Sales grew 18% and Net Profit grew 22%, with EPS at ₹1.92.
- Cash conversion is healthy; CFO for Mar 2026 was ₹1,621 crore, representing ~85% of Operating Profit (₹1,918 crore).
- Promoter stake decreased to 40.02% in Sep 2026 (from 54.11% in Sep 2025), while DIIs and FIIs increased their holdings to 36.45% and 18.75% respectively.

### Bear Case

Vishal Mega Mart (VMM) exhibits significant technical deterioration and elevated volatility as of November 6, 2026. The stock is trading at ₹94.0, reflecting a year-to-date decline of -30.8% and a one-year return of -33.3%. Technical indicators across daily, weekly, and monthly timeframes are uniformly bearish, with the Supertrend direction signaling downside pressure on all three horizons. The Average Directional Index (ADX) remains above 25 on daily (36.7), weekly (26.2), and monthly (24.5) charts, confirming that the downward trend has strength rather than being a random fluctuation. Furthermore, the stock is currently in a deep drawdown of -38.6%, approaching its historical maximum drawdown of -44.9%, while annualized volatility stands at +34.4%. Immediate resistance is located just 1.18% higher at ₹95.11, suggesting limited upside momentum in the near term.

- Uniform bearish technical signals: Supertrend is bearish on daily, weekly, and monthly charts, supported by ADX values 25 indicating strong downward trend momentum.
- Significant underperformance: Year-to-date return is -30.8% and one-year return is -33.3%, with the current price of ₹94.0 sitting near recent lows.
- High volatility and drawdown risk: Annualized volatility is +34.4% and the current drawdown of -38.6% is close to the maximum recorded drawdown of -44.9%.

- [Vishal Mega Mart Limited has informed the Exchange regarding Resignation of Ms Soumya Rajan as Non- Executive Independent Director of the company w.e.f. November 02, 2026. |SUBJECT: Resignation](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026181257_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- [Vishal Mega Mart Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026181923_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- [Vishal Mega Mart Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026182702_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- [Vishal Mega Mart Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/VMM_ROID_103059_KMP_Doc.zip)
- [Vishal Mega Mart Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_24077_WebXMLFile_20261102_184519860.xml)
- [Vishal Mega Mart Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/VMM_ROID_103060_KMP_Doc.zip)
- [Vishal Mega Mart Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/VMMP2024_30102026173519_Intimation_Regulation_30_Change_in_Directorate.pdf)
- [Vishal Mega Mart Limited has informed the Exchange regarding Appointment of Ms. Ashok Revathy as Non- Executive Independent Director of the company w.e.f. October 30, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/VMMP2024_30102026172916_Intimation_Regulation_30_Change_in_Directorate.pdf)
- [Vishal Mega Mart Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_24077_WebXMLFile_20261030_173724194.xml)
- [Vishal Mega Mart Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/VMMP2024_26102026130822_Disclosure_Transcript_VMM_Oct_2026.pdf)

### FAQs

**Who resigned from the Board of Vishal Mega Mart, and when did their departure take effect?**

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.

**What is the current technical trend for VMM shares based on daily and weekly indicators?**

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.

**How has VMM's stock performance tracked over the past year compared to recent weeks?**

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.

- [Vishal Mega Mart Limited has informed the Exchange regarding Resignation of Ms Soumya Rajan as Non- Executive Independent Director of the company w.e.f. November 02, 2026. |SUBJECT: Resignation](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026181257_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- [Vishal Mega Mart Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026181923_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- [Vishal Mega Mart Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026182702_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- [Vishal Mega Mart Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/VMM_ROID_103059_KMP_Doc.zip)
- [Vishal Mega Mart Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_24077_WebXMLFile_20261102_184519860.xml)
- [Vishal Mega Mart Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/VMM_ROID_103060_KMP_Doc.zip)
- [Vishal Mega Mart Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/VMMP2024_30102026173519_Intimation_Regulation_30_Change_in_Directorate.pdf)
- [Vishal Mega Mart Limited has informed the Exchange regarding Appointment of Ms. Ashok Revathy as Non- Executive Independent Director of the company w.e.f. October 30, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/VMMP2024_30102026172916_Intimation_Regulation_30_Change_in_Directorate.pdf)
- [Vishal Mega Mart Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_24077_WebXMLFile_20261030_173724194.xml)
- [Vishal Mega Mart Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/VMMP2024_26102026130822_Disclosure_Transcript_VMM_Oct_2026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹93.51
- Risk regime: Higher Price Risk

### Support levels
- 84.4
- 92.29999999999998
- 90.69999999999999

### Resistance levels
- 106.35
- 108.535
- 111.185

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.11% |
| return_10 | +7.61% |
| return_1m | -6.88% |
| return_1y | -33.33% |
| return_20 | -3.09% |
| return_3m | -14.17% |
| return_5 | +11.37% |
| return_6m | -24.32% |
| return_since_start | -11.25% |
| return_ytd | -30.79% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -44.90% |
| annualized_volatility | +34.39% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Vishal Mega Mart Limited FY2026-27 Q2: Profit falls 39% sequentially

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 eased from Q1 but grew year on year

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.

## Expenses fell less than revenue as profit declined

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.

## EPS followed the sequential earnings decline

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.

## Liquidity, inventory and payables

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.

## Key Takeaway

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.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +40.09%
- FII holding: +20.43%
- DII holding: +34.80%
- Mutual fund holding: +30.58%
- Retail holding: +3.26%
- Promoter pledged: +0.00%

### Major reported shareholders

- Samayat Services LLP — +40.09% (Bodies Corporate)
- HDFC MUTUAL FUND - HDFC BSE 500 ETF — +9.44%
- KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SERVICES F — +4.94%
- SBI NIFTY MIDCAP 150 INDEX FUND — +4.18%
- NIPPON LIFE INDIA TRUSTEE LTD- A/C NIPPON INDIA VI — +2.82%
- GOVERNMENT OF SINGAPORE — +2.75%
- AXIS ELSS TAX SAVER FUND — +1.91%
- CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO CONSER — +1.75%
- MONETARY AUTHORITY OF SINGAPORE — +1.57%
- EMPLOYEES PROVIDENT FUND BOARD MANAGED BY AMUNDI A — +1.17%

## Official filings

- 2026-11-02 — Management Change: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026181257_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- 2026-11-02 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026181923_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- 2026-11-02 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_02112026182702_Final_Intimation_to_Stock_Exchanges_Resignation_of_Soumya.pdf)
- 2026-11-02 — Management Change: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMM_ROID_103059_KMP_Doc.zip)
- 2026-11-02 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_24077_WebXMLFile_20261102_184519860.xml)
- 2026-11-02 — Management Change: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMM_ROID_103060_KMP_Doc.zip)
- 2026-10-30 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_30102026173519_Intimation_Regulation_30_Change_in_Directorate.pdf)
- 2026-10-30 — Management Change: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_30102026172916_Intimation_Regulation_30_Change_in_Directorate.pdf)
- 2026-10-30 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_24077_WebXMLFile_20261030_173724194.xml)
- 2026-10-26 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_26102026130822_Disclosure_Transcript_VMM_Oct_2026.pdf)
- 2026-10-26 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24077_WebXMLFile_20261026_131417695.xml)
- 2026-10-22 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_22102026110647_Disclosure_to_Exchange_Oct_2026_Newspaper_Advertisement.pdf)
- 2026-10-21 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_21102026125928_Final_Outcome_BM_Oct_21_2026.pdf)
- 2026-10-21 — Press Release: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_21102026130523_Disclosure_Press_Release_VMM_Oct_2021.pdf)
- 2026-10-21 — Earnings Presentation: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_21102026131308_Disclosure_Investor_Presentation_VMM_Oct_2026.pdf)
- 2026-10-21 — Financial Results Filing: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1742674_21102026013358_WEB.xml)
- 2026-10-21 — Financial Results Filing: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1742673_21102026013339_WEB.xml)
- 2026-10-21 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_21102026175305_Disclosure_Audio_Recording_-_Earnings_Call_VMM_July_2026.pdf)
- 2026-10-21 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24077_WebXMLFile_20261021_175739488.xml)
- 2026-10-15 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_15102026164113_Final_Disclosure_Earning_Call_VMM_Oct_2026.pdf)
- 2026-10-15 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24077_WebXMLFile_20261015_164739832.xml)
- 2026-10-14 — Board Meeting Notice: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VMMP2024_14102026124243_Prior_Intimation_of_Board_Meeting_Oct_21_2026.pdf)
- 2026-10-14 — Generic Announcement: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24077_WebXMLFile_20261014_125051776.xml)
- 2026-10-14 — Board Meeting Notice: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24077_WebXMLFile_20261014_125051776.xml)
- 2026-10-07 — Shareholding Disclosure: Vishal Mega Mart Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1733720_07102026012928_WEB.xml)

## News and market events

- 2026-10-22 — Mint: **Lost 30% in 6 months! Motilal Oswal sees 39% upside in Vishal Mega Mart stock - Check target price** — 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.  — [Source](https://www.livemint.com/market/stock-market-news/lost-30-in-6-months-motilal-oswal-sees-39-upside-in-vishal-mega-mart-stock-check-target-price-11792660892683.html)
- 2026-10-21 — CNBC-TV18: **Earnings Central: Growth meets margin pressure as Eternal, SRF, Indian Hotels report Q2 numbers** — 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. — [Source](https://www.cnbctv18.com/market/earnings-central-growth-meets-margin-pressure-as-eternal-srf-indian-hotels-report-q2-numbers-20016358.htm)
- 2026-10-21 — Economic Times: **Vishal Mega Mart shares sink 8% as Q2 margin takes a hit despite profit growth** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/vishal-mega-mart-shares-sink-8-as-q2-margin-takes-a-hit-despite-profit-growth/articleshow/135087535.cms)
- 2026-10-21 — BUSINESS: **Vishal Mega Mart falls 6% as festive shift weighs on margins, SSSG in Q2** — 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. — [Source](https://www.business-standard.com/markets/news/vishal-mega-mart-falls-6-as-festive-shift-weighs-on-margins-sssg-in-q2-126102100565_1.html)
- 2026-10-21 — FREEPRESSJOURNAL.IN: **Vishal Mega Mart Records ₹157.9 Crore Q2 PAT, Strong Revenue Growth Amid Festive Shift; Expands Store Footprint** — 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. — [Source](https://www.freepressjournal.in/business/vishal-mega-mart-records-1579-crore-q2-pat-strong-revenue-growth-amid-festive-shift-expands-store-footprint)
- 2026-10-21 — MONEYCONTROL: **Vishal Mega Mart reports Q2 results below estimates; shares fall 6%** — Vishal Mega Mart share price, Vishal Mega Mart q2 results, Vishal Mega Mart stock price, Vishal Mega Mart q2fy27 results, Vishal Mega Mart quarterly results — [Source](https://www.moneycontrol.com/news/business/markets/vishal-mega-mart-reports-q2-results-below-estimates-shares-fall-6-14056647.html)
- 2026-10-21 — CNBC-TV18: **Vishal Mega Mart Q2 Results: Stock sees sharp 7% fall after margin pressure** — 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. — [Source](https://www.cnbctv18.com/market/vishal-mega-mart-q2-results-same-store-sales-impact-festive-season-shift-margin-pressure-share-price-reaction-20016019.htm)
- 2026-10-21 — FEEDS: **Vishal Mega Mart Q2 Results: Profit Rises Nearly 4%, Margin Narrows; Stock Plunges 7%** — In the year-ago period, Vishal Mega Mart had posted a profit of Rs152 crore. — [Source](https://www.ndtvprofit.com/markets/vishal-mega-mart-q2-results-profit-rises-nearly-4-margin-narrows-12214128)
- 2026-10-21 — BUSINESS: **Midcap 100, Smallcap 100 index down 1%; MRF, Biocon, Swiggy at 52-week lows** — Yes Bank, PI Industries, MRF, Swiggy, Biocon, NMDC, Tube Investments of India, Vishal Mega Mart, Voltas and Max Financial Services from the Midcap 100 index hitting their respective 52-week lows. — [Source](https://www.business-standard.com/markets/news/midcap-100-smallcap-100-index-down-1-mrf-biocon-swiggy-at-52-week-lows-126102100269_1.html)
- 2026-10-21 — The Hindu: **Q2 Results Today Live: Eternal, Adani Green, Indian Hotels, SRF, Vishal Mega Mart, KEI Ind, M&M Financial Services, PC Jeweller Share to announce Q2 results** — Q2 Results Today, 21th October 2026 Live Updates: Follow the latest announcements and developments on the company's September quarter earnings, revenue and profit, updates on Aditya Birla Sun Life AMC, Adani Green Energy, Aye Finance, Eternal, PC Jewellers, KEI Industries, Mahindra & Mahindra Financial Services, SRF, Vishal Mega Mart, Indosolar, Welspun Specialty Solutions and others. — [Source](https://www.thehindubusinessline.com/companies/q2-results-today-live-updates-eternal-adani-green-indian-hotels-srf-vishal-mega-mafrt-kei-ind-mampm-financial-services-pc-jeweller-company-results-21-october-2026/article71606182.ece)
- 2026-10-21 — Mint: **Q2 results 2026 today: Eternal, Adani Green, Indian Hotels among 38 firms to announce quarterly earnings | Full list** — Q2 results 2026 today: Among the prominent companies scheduled to report their quarterly earnings today are Eternal, Adani Green Energy, Indian Hotels, SRF, Vishal Mega Mart, KEI Industries, Mahindra and Mahindra Financial Services, and PC Jeweller. — [Source](https://www.livemint.com/market/stock-market-news/q2-results-2026-today-eternal-adani-green-indian-hotels-among-38-firms-to-announce-quarterly-earnings-full-list-11792550102736.html)
- 2026-10-21 — Mint: **Top stocks to watch today: Eternal, Reliance Industries, IREDA, RailTel shares in focus on Wed, 21 Oct | Full list** — Top stocks to watch: Eternal, Adani Green, Reliance Industries, IREDA, Bajaj Finance, Hindustan Zinc, Waaree Renewable Technologies are among the shares that will remain in focus on Wednesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-eternal-reliance-industries-ireda-railtel-shares-in-focus-on-wed-21-oct-full-list-11792546323951.html)
- 2026-10-21 — CNBC-TV18: **Q2 Results LIVE Updates: Bajaj Finance, Just Dial react to earnings; Eternal, SRF report today** — Q2 Results LIVE Updates: Eternal, Aditya Birla Sun Life SMC, Indian Hotels, Adani Green Energy, PC Jeweller, M&M Finance, KEI Industries, Vishal Mega Mart, SRF, International Gemmological Institute, Wendt, are among the companies reporting their earnings today. Watch for all the LIVE updates. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-bajaj-finance-eternal-mm-fin-srf-vishal-mega-mart-kei-ireda-adani-indian-hotels-hzl-share-price-liveblog-20015663.htm)
- 2026-10-05 — Mint: **Value retail stocks slide on cautious consumer spending** — The correction reflects growing investor anxiety that higher prices and softer demand could squeeze the value-retailers’ core proposition. — [Source](https://www.livemint.com/market/stock-market-news/value-retail-stocks-slide-on-cautious-consumer-spending-11791201715070.html)
- 2026-09-24 — Mint: **Vishal Mega Mart share price dips | Here’s what brokerages see, share price target** — Vishal Mega Mart's share price rose nearly 2% before closing 1.13% lower at ₹105.20. Emkay Global and Jefferies maintain 'Buy' ratings, citing growth in store expansion, private labels, and quick commerce, with potential upside targets of ₹170 and ₹160, respectively. — [Source](https://www.livemint.com/market/stock-market-news/vishal-mega-mart-share-price-dips-here-s-what-brokerages-see-share-price-target-11790240944412.html)
- 2026-09-24 — CNBC-TV18: **Vishal Mega Mart shares could rise another 50%, bullish analysts predict after investor day** — Vishal Mega Mart's value-for-money playbook is evolving with rising aspirations. The management sees a long growth runway via store expansion, refurbishments, private labels and quick commerce, while new formats expand total addressable market. — [Source](https://www.cnbctv18.com/market/vishal-mega-mart-share-price-analysts-project-up-to-50-percent-upside-growth-outlook-overhang-valuations-buy-sell-19997617.htm)
- 2026-09-24 — BUSINESSTODAY: **Vishal Mega Mart shares gain as Jefferies, Morgan Stanley suggest up to 51% upside** — Vishal Mega Mart share price, Vishal Mega Mart shares, VMM share price, Vishal Mega Mart analyst meet, Jefferies Vishal Mega Mart, Morgan Stanley Vishal Mega Mart, Vishal Mega Mart target price, Vishal Mega Mart stock, VMM stock, retail stocks — [Source](https://www.businesstoday.in/markets/stocks/story/vishal-mega-mart-shares-gain-as-jefferies-morgan-stanley-suggest-up-to-51-upside-557573-2026-09-24)
- 2026-09-24 — MONEYCONTROL: **Buy Vishal Mega Mart; target of Rs 170: Prabhudas Lilladher** — Prabhudas Lilladher, Vishal Mega Mart, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-vishal-mega-mart-target-of-rs-170-prabhudas-lilladher-14037077.html)
- 2026-09-22 — NEWS.WEBINDIA123.COM: **Consumer growth supported by premiumisation, digital adoption; margins key near-term concern: Jefferies** — India's consumer sector is seeing growth opportunities from premiumisation, rising digital adoption and the expansion of organised retail beyond major cities, but raw material inflation is emerging as a key near-term pressure on margins, Jefferies said in a report based on its India Consumer & Internet Forum. — [Source](https://news.webindia123.com/news/articles/business/20260922/4501932.html)
- 2026-09-16 — BUSINESSTODAY: **Paytm, KRN Heat Exchanger, Ather Energy, Vishal Mega Mart: Expert shares key entry levels, targets** — Paytm shares, KRN Heat Exchanger shares, Ather Energy shares, Vishal Mega Mart shares, Paytm stock, KRN Heat Exchanger stock, Ather Energy stock, Vishal Mega Mart stock, stock market, share market, entry levels, target price, stop loss, technical analysis, Akshay Bhagwat, JM Financial Services — [Source](https://www.businesstoday.in/markets/stocks/story/paytm-krn-heat-exchanger-ather-energy-vishal-mega-mart-expert-shares-key-entry-levels-targets-555944-2026-09-16)
- 2026-09-01 — The Hindu: **Sensex today | Stock Market Highlights: Sensex ends 12 pts down, Nifty closes at 24,055 on higher crude prices; banks, autos lead losses** — Sensex, Nifty, Share Prices Highlights: Indian shares edged lower on ​Tuesday as escalating Middle East tensions pushed oil prices and ‌bond yields higher, while heavyweight banks reversed Monday's ​closing auction gains. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-1st-september-2026/article71412225.ece)
- 2026-08-25 — Mint: **Vishal Mega Mart gets a 5-year vote of confidence** — Gunender Kapur’s reappointment eases a key investor concern, but promoter stake sales, intensifying competition and a richer valuation could test the stock’s next leg of growth. — [Source](https://www.livemint.com/market/mark-to-market/vishal-mega-mart-share-price-stock-outlook-11787641464604.html)
- 2026-08-24 — CNBC-TV18: **FIIs reverse selling trend, turn net buyers at ₹1,182 crore; DIIs add ₹2,493 crore** — Foreign institutional investors had remained net sellers in the previous two sessions, while domestic institutions extended their buying streak. — [Source](https://www.cnbctv18.com/market/fiis-reverse-selling-trend-turn-net-buyers-at-%25e2%2582%25b91182-crore-diis-add-%25e2%2582%25b92493-crore-19975904.htm)
- 2026-08-24 — CNBC-TV18: **Closing Bell on August 24: Why Sensex, Nifty ended lower despite early gains** — Indian equities surrendered early gains to end lower on Monday, dragged by financial stocks and PSU banks. Metals limited losses, while midcaps outperformed. Stock-specific moves in Vishal Mega Mart, BLS International and Shanti Gears also kept investors busy. — [Source](https://www.cnbctv18.com/market/closing-bell-on-august-24-why-sensex-nifty-ended-lower-despite-early-gains-19975723.htm)
- 2026-08-24 — CNBC-TV18: **Vishal Mega Mart shares jump 12% on MD Gunender Kapur's reappointment** — On August 21, Vishal Mega Mart's board approved Kapur's reappointment for five years from September 1, 2026, through August 31, 2031, subject to shareholder approval. He will also be redesignated as Founder, Managing Director & Chief Executive Officer of the company. — [Source](https://www.cnbctv18.com/market/vishal-mega-mart-share-price-jumps-on-md-gunender-kapurs-reappointment-for-5-years-19975451.htm)

## Business profile

**Strategic vision:** Value retail chain serving middle-income consumers across India.

### Business segments
- **Apparel and Fashion:** This segment includes kidswear, menswear, womenswear, seasonal wear, and other budget fashion items, with a significant portion consisting of in-house private labels.
- **Home Essentials and General Merchandise:** This segment covers products for home and kitchen, appliances, and travel-related items.
- **Daily Essentials and Groceries:** The company also provides packaged food, groceries, personal care, and household care products, fulfilling a wide array of daily consumer needs.

### Competitive strengths
- Extensive private labels across key product categories.
- Focus on value retail in Tier 2 and Tier 3 cities.
- Efficient store operations and bulk sourcing.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/vmm
Markdown representation: https://faxioms.com/stocks/vmm?render=md