Business Update for Q4FY26
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 01 Apr 2026, 05:00 PM IST · BSE ID: fcac6259-73da-416d-8f53-f1c8e9090207
View Original BSE Filing (PDF)
💡
In Simple Terms
V-Mart Retail's sales jumped 24% this quarter to Rs. 971 Crores, opened 29 new stores, and now runs 577 shops across India.
🤖 AI Summary
- V-Mart Q4FY26 revenue Rs. 971 Crores vs Rs. 780 Crores prior year, +24% growth
- Same-store sales growth +12% in quarter; V-Mart brand +12%, Unlimited banner +9%
- Opened 29 stores, closed 6 in Q4; total portfolio 577 stores March 31, 2026
- FY26 marked highest ever year with 92 store additions and 12 closures
- Revenue numbers provisional pending statutory auditor review
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q4FY26 Total Revenue from Operations
Rs. 971 Crores
+24%
Q4FY26 Prior Year Revenue (Q4FY25)
Rs. 780 Crores
Same-Store Sales Growth (SSSG) Q4FY26
+12%
V-Mart Banner SSSG Q4FY26
+12%
Unlimited Banner SSSG Q4FY26
+9%
Total Operating Portfolio (March 31, 2026)
577 stores
FY26 Stores Opened (Full Year)
92
FY26 Stores Closed (Full Year)
12
🏢 How This Affects the Company
Revenue expansion of Rs. 191 Crores in Q4FY26 reflects continued sales momentum. Same-store sales growth of +12% indicates existing store performance strength. Store network expansion to 577 stores with 92 net additions in FY26 (highest ever) demonstrates accelerated retail footprint growth across geographies.
Q4FY26 revenue increase to Rs. 971 Crores from Rs. 780 Crores improves top-line trajectory. Numbers remain provisional pending statutory auditor certification, creating contingent disclosure risk until finalized.
Q4 store expansion of 23 net units (29 opened, 6 closed) and full-year net addition of 80 stores (92 opened, 12 closed) requires supply chain scaling, staffing, and inventory management across 11 states with concentration in Uttar Pradesh and Tamil Nadu expansion zones.
Rapid store expansion (92 additions annually) introduces execution risk on new store productivity, working capital deployment, and return-on-investment timelines. Revenue numbers flagged as provisional creates earnings confirmation uncertainty.
👥 What This Means For Shareholders
✅
Action Required
Monitor Q4FY26 statutory audit completion for final revenue certification and earnings release timeline.
👤
Who Is Affected
All shareholders depend on final audited numbers for accurate earnings per share and dividend eligibility assessment. Revenue finalization determines full-year profitability and cash generation.
🔍
Management Signal
Management prioritizes rapid store network expansion (80 net units annually) as growth lever while maintaining +12% same-store sales discipline across existing retail footprint.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Statutory auditor certification of Q4FY26 provisional revenue numbers — verify Rs. 971 Crores finalized
Q4FY26 full financial results disclosure — track profitability, margins, EBITDA vs revenue growth
FY27 guidance and store expansion targets — monitor if 80+ annual store addition pace continues
MEDIUM RISK
Provisional revenue numbers pending audit certification introduce earnings confirmation uncertainty. Rapid 92-store annual expansion requires sustained working capital deployment and new-unit productivity execution.
💡 Investor Takeaway
V-Mart delivered Q4FY26 revenue Rs. 971 Crores, up Rs. 191 Crores or +24% YoY from Rs. 780 Crores. Same-store sales +12% confirms underlying business strength. FY26 saw record 80-store net expansion, reaching 577-store total portfolio. Numbers remain provisional pending audit completion.
⚖️ Strengths & Concerns
✅ Positives
- Q4FY26 revenue Rs. 971 Crores delivers +24% YoY growth, outpacing prior year baseline of Rs. 780 Crores
- FY26 achieved record 80 net store additions (92 opened, 12 closed), signaling successful expansion execution across 11 states
⚠️ Concerns
- Provisional revenue numbers await statutory auditor review, delaying final earnings certainty and investor confidence in reported figures
- Same-store sales growth +12% in Unlimited banner lags V-Mart +12%, indicating potential deceleration in secondary brand performance trajectory