V-Mart Q1 FY27 revenue up 23% to ₹1,089 crore

Key update and why it matters

V-Mart Retail Limited (NSE: VMART) reported a strong start to FY27, with provisional revenue from operations rising to ₹1,089 crore for the quarter ended June 30, 2026 (Q1 FY27). The company said the figure was up 23% year on year from ₹885 crore in Q1 FY26. The update stands out in a June quarter that saw uneven growth across listed retailers, as per the context shared in the company’s business update commentary. V-Mart’s performance is closely tracked because its core customer base is concentrated in smaller cities and towns, where demand trends can differ from large metros.

The company also disclosed same-store sales growth (SSSG) of 9% for the quarter, offering a cleaner read on underlying demand beyond store additions. While the business update did not provide category-wise or margin details for Q1 FY27, the combination of double-digit revenue growth and healthy SSSG signals broad-based traction across formats. V-Mart also continued expanding its footprint, opening 15 stores and closing one in the quarter.

Revenue growth: ₹1,089 crore, provisional and subject to audit

For Q1 FY27, V-Mart reported total revenue from operations of ₹1,089 crore. The company compared this with ₹885 crore in Q1 FY26, translating into 23% year-on-year growth. V-Mart clarified that these reported revenue figures are provisional and subject to review by its statutory auditors.

The company’s quarterly business update was submitted to the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) under the relevant provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Beyond the revenue number, the update focused on SSSG and store count changes and did not provide additional operational details.

Same-store sales growth crosses 9%; Unlimited leads

V-Mart reported overall SSSG of 9% during the quarter. The company’s core V-Mart format recorded SSSG of 8%. Its southern-focused Unlimited format posted higher same-store sales growth of 13%.

With both formats reporting positive SSSG, the quarter’s momentum was not limited to new store additions alone. However, the company did not share more granular information in the business update, such as regional splits beyond the store opening list or category-level trends.

Store expansion continues; network rises to 591 outlets

V-Mart opened 15 new stores and closed one store during Q1 FY27. This took its total operational store count to 591 as of June 30, 2026. The update also describes the expansion as spanning seven states, with a detailed state-wise list of openings.

New stores were added across multiple regions, led by Uttar Pradesh and Uttarakhand. The company also added stores in Gujarat, Jharkhand, Karnataka, New Delhi, Tamil Nadu and West Bengal. The store actions imply net additions of 14 stores in the quarter (15 opened minus 1 closed), aligning with the company’s stated operating portfolio at quarter-end.

State-wise list of newly opened stores

The business update disclosed the following distribution of the 15 store openings:

Conference call scheduled for July 27, 2026

V-Mart Retail said it will hold a conference call on July 27, 2026, to discuss its corporate performance for the first quarter ended June 30, 2026. The earnings call is scheduled to begin at 4:00 PM IST. The company indicated the call is intended to provide investors and analysts an overview of its operational results for the period.

For dial-in, V-Mart disclosed universal access numbers as +91 22 6280 1259 and +91 22 7115 8160.

Management change: COO resignation effective July 15, 2026

Separately, the company disclosed that it has accepted the resignation of Mr. Vineet Jain from the position of Chief Operating Officer (COO). The resignation is effective from the close of business hours on July 15, 2026.

The disclosure in the provided text does not add further details on succession plans or interim responsibilities.

Market snapshot and context

In the broader market context cited alongside the update, benchmarks closed Thursday, July 9, modestly higher, with the Sensex at 76,741.82 amid a cautious start to the earnings season. V-Mart’s quarterly update was positioned as one of the stronger business prints among listed retailers in the June quarter.

The company’s commentary also suggested demand in its key catchments, smaller cities and towns, held up through the quarter. The SSSG print above 9% supports that view, since it measures growth from existing stores rather than only incremental floor space.

Key numbers at a glance

Why the update matters for investors

V-Mart’s Q1 FY27 update gives three clear signals: revenue growth remained strong, same-store sales were positive across both formats, and store expansion continued. Because the company flagged the revenue number as provisional and subject to statutory audit, the final reported financial statements will remain the reference point for audited figures.

The conference call scheduled for July 27, 2026 is the next formal opportunity for investors and analysts to seek more colour on operations, including any details that were not included in the business update. Separately, the disclosed COO resignation effective July 15, 2026 is a corporate development investors may track for further updates from the company.

Conclusion

V-Mart Retail’s Q1 FY27 business update reported provisional revenue from operations of ₹1,089 crore, up 23% year on year, alongside 9% overall same-store sales growth and an expanded store base of 591 outlets as of June 30, 2026. The company will discuss the quarter in an earnings call on July 27, 2026 at 4:00 PM IST, following its exchange disclosures and other corporate updates, including the COO’s resignation effective July 15, 2026.