Vishal Mega Mart's Q1 FY25 profit surged 37% to ₹206 crore, underscoring the growth of India’s value retail market – via Puneripages.in
By Prashant for PuneriPages.in
Unlisted retail powerhouse Vishal Mega Mart has kicked off the new financial year on a high note, with its Q1 consolidated net profit soaring 37.3% year-on-year to ₹206.1 crore, while revenue from operations climbed 21% to ₹3,140.3 crore for the April–June quarter. These strong results underscore the resilience of India’s value-led retail sector and have attracted attention in the unlisted stock market.
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The Headline Numbers: Q1 Performance Breakdown
- Net Profit: ₹206.07 crore, up 37% from ₹150 crore in Q1 FY25
- Revenue from Operations: ₹3,140.3 crore, up 21% year-on-year
Important Context: An Unlisted Market Powerhouse
Vishal Mega Mart isn’t listed on BSE or NSE, making it a key player in India’s unlisted market. It’s backed by private equity giants Kedaara Capital and Partners Group, who acquired it in 2018 from TPG and Shriram Group Kedaara. This backing adds weight to the company’s expansion and credibility among investors.
What’s Driving the Growth?
- Store Expansion: The retailer added 23 new stores in Q1, bringing its total count to 717 outlets across 472 cities NDTV Profit.
- Value-Focused Strategy: Positioned as an affordable apparel and general merchandise retailer, it taps into the high-demand value retail segment.
- Consumer Strength: The uptick in earnings reflects sustained consumer spending, especially in Tier-2 and Tier-3 markets.
The IPO Question: What’s Next?
With its strengthened financial performance, speculation is mounting about a possible Initial Public Offering. Such a move would allow public participation while offering an exit route for existing PE backers. Earlier reports noted that the IPO, priced between ₹74–78, was fully subscribed 27×, with an estimated gross public offer of ₹8,000 crore ChittorgarhReddit.
Authoritative Resources
Final Takeaway:
With a 37% jump in profit and 21% higher revenue, Vishal Mega Mart is riding high on value retail demand. Its unlisted status, strong PE backing, and expansion strategy make it a compelling stock in the private markets—and a potential IPO to watch closely.
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