Vishal Mega Mart Ltd

Revenue from operations increased 19.53% YoY to Rs 31,35.93 crore in Q3 FY25. Profit before tax (PBT) jumped 29.27% YoY to Rs 351.91 crore in Q3 FY25. Reported EBITDA climbed 18.3% to Rs 505 crore in Q3 FY25 against 427 crore in Q3 FY24. EBITDA margin stood at 16.1% in Q3 FY24 as against 16.3% in Q3 FY24. During the quarter, same-stores sales growth (SSSG) stood at 10.5%, and 23 net new stores were added. As on December 31 2024, the company operates 668 stores across 432 cities with a total retail area of around 11.8 million Sq. Ft. Gunender Kapur, managing director and chief executive officer, said, 'Despite subdued demand conditions in the consumer industry, we delivered a robust financial performance, achieving revenue growth of 19.5% in Q3FY25 and 19.4% in 9MFY25 taking the revenue from operations to Rs. 31,359 million and Rs. 81,685 million respectively. Our profit after tax grew by 27.9% in Q3FY25 to Rs. 2,627 million and by 29.0% in 9MFY25 to Rs. 5,169 million. We focus on the middle and lower-middle income groups in India, representing the largest consumer segment in India. Our consumer centric approach, coupled with an enhanced consumer value proposition, a unique merchandise mix at attractive price points, and enhanced in-store experience, has helped drive strong SSSG of 10.5% in Q3FY25 and 11.3% in 9MFY25. With 668 stores operational across India, we continue to strategically expand our footprints, with a focus on tapping the large underserved organized retail market across geographies.' Vishal Mega Mart curates a unique range of merchandize through its portfolio of its own brands and third-party brands to fulfil the aspirational and daily needs of consumers. The company offers products across three major product categories, i.e., apparel, general merchandise and FMCG, through a pan-India network.Powered by Capital Market - Live

Net profit of Vishal Mega Mart rose 27.93% to Rs 262.72 crore in the quarter ended December 2024 as against Rs 205.36 crore during the previous quarter ended December 2023. Sales rose 19.53% to Rs 3135.94 crore in the quarter ended December 2024 as against Rs 2623.55 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3135.942623.55 20 OPM %16.1016.27 - PBDT492.57404.22 22 PBT351.91272.23 29 NP262.72205.36 28 Powered by Capital Market - Live

Vishal Mega Mart will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

The scrip was listed at Rs 110, exhibiting a premium of 41.03% to the issue price. So far, the stock has hit a high of 110.95 and a low of 104.92. On the BSE, over 395.28 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Vishal Mega Mart received was subscribed 27.28 times. The issue opened for bidding on Wednesday (11 December 2024) and it closed on Friday (13 December 2024). The price band of the IPO was fixed between Rs 74 and 78 per share. The IPO consisted of an offer-for-sale (OFS) of Rs 8,000 crore. The proposed offer is entirely an OFS of shares by promoter Samayat Services LLP, with no fresh issue of equity shares. Since the IPO is entirely an OFS, the company will not receive any funds from the issue, and the proceeds will go to the selling shareholder. Ahead of the IPO, Vishal Mega Mart on Tuesday, 10 December 2024, raised Rs 30.76 lakh from anchor investors. The board allotted 2399.99 crore shares at Rs 78 each to 89 anchor investors. Vishal Mega Mart (VMM) is a one-stop destination catering to middle- and lower-middle-income consumers in India. The company offers a diverse range of merchandise through its brands and third-party brands, addressing both aspirational and everyday needs. VMM engages in the business of wholesale, cash, and carry trading under the 'Vishal' brand and grants franchise rights for Vishal Mega Mart franchise stores. VMM operates retail stores through its wholly owned subsidiary, Airplaza Retail Holdings (ARHPL). The firm reported a consolidated net profit of Rs 254.14 crore and sales of Rs 5,032.51 crore for the six months ended on 30 June 2024.Powered by Capital Market - Live

The equity shares of Vishal Mega Mart (Scrip Code: 544307) are listed effective 18 December 2024 and admitted to dealings on the Exchange in the list of ''B'' Group Securities. Powered by Capital Market - Live