V-Mart Revenue Jumps 24% in Q4 FY26 on Strong Sales

Introduction

V-Mart Retail Ltd. has announced a strong operational performance for the fourth quarter ending March 31, 2026, reporting a 24% year-on-year increase in revenue from operations. The growth was primarily driven by a combination of steady same-store sales and a continued aggressive expansion of its retail footprint across India. This positive update signals sustained momentum for the value retailer, building on a profitable third quarter and reinforcing investor confidence.

Q4 Operational Highlights

In its provisional business update, V-Mart disclosed that its total revenue from operations for Q4 FY26 stood at ₹971 crore. This represents a significant 24% rise compared to the ₹780 crore recorded in the corresponding quarter of the previous fiscal year. The performance indicates healthy consumer demand and effective execution of the company's sales strategy during what is often considered a lean period for the retail sector.

Sustained Same-Store Sales Growth

A key indicator of the company's health, Same-Store Sales Growth (SSSG), was reported at a robust 12% for the quarter. This growth was consistent across its primary business format, with the core V-Mart stores also posting 12% SSSG. The 'Unlimited' format, another brand under the company's umbrella, contributed with a solid 9% growth, showcasing broad-based demand for its offerings.

Aggressive Store Expansion Strategy

V-Mart continued its strategic network expansion throughout the fourth quarter. The company opened 29 new stores while closing 6 underperforming ones, resulting in a net addition of 23 stores. This brought the total store count to 577 as of March 31, 2026. The new stores were strategically located in key states such as Uttar Pradesh, Tamil Nadu, Bihar, and West Bengal, deepening the company's presence in its target markets.

For the full financial year FY26, V-Mart achieved its highest-ever annual store additions. The company inaugurated 92 new stores against 12 closures, underscoring its commitment to capturing a larger market share through physical retail expansion.

Financial Performance Trajectory

The strong Q4 update follows a positive performance in the third quarter of FY26. In Q3, V-Mart had successfully turned its business around to post a net profit of ₹87.99 crore, a significant improvement from a loss in the preceding quarter. The December quarter's results were attributed to better demand conditions during the festive season and improved cost efficiencies, which also led to a sharp increase in EBITDA.

Market Reaction and Stock Performance

Investor sentiment surrounding V-Mart has been positive following the operational update. Ahead of the announcement, shares of V-Mart Retail were trading at ₹489.90 on the National Stock Exchange (NSE), up 2.66%. While the stock has seen a decrease of nearly 20% over the past year, recent quarterly performances have helped renew investor confidence. The company's consistent growth in revenue and physical presence are key factors driving this optimism.

Management Outlook

The company's management has expressed confidence in maintaining this growth trajectory. Anand Agarwal, the Chief Financial Officer, previously stated that V-Mart plans to close the financial year 2026 with a revenue growth of 15-18%. He also indicated that the momentum in margin improvement is expected to continue, supported by operational efficiencies and a favorable demand environment.

Conclusion

V-Mart Retail's provisional Q4 FY26 results highlight a period of robust growth and strategic expansion. The 24% revenue increase, coupled with 12% same-store sales growth, demonstrates the company's resilience and ability to attract consumers. The record number of store openings in FY26 further solidifies its market position. While these figures are subject to a final audit, the update provides a strong indication of the company's positive financial health and operational strength heading into the new fiscal year.