V-Mart Retail Limited — Q1FY27 Earnings Call Summary

VMART · Q1FY27 · Filed 30 Jul 2026

Key Takeaways

• Q1 FY27 revenue grew 23% y-y; 9% same-store sales growth (SSG) marks 11th consecutive positive quarter
• Expansion: 15 new stores added, total 591 stores; FY27 expansion guidance 90+ stores with disciplined approach
• Q2 FY27 expected to see timing impact due to shifted Durga Puja; recovery expected in Q3 with festive growth
• Management targets mid-to-high single digit SSG for FY27; 3%-4% SSG needed to offset inflationary pressures
• Focus on improving rupee gross margin and customer proposition; supply chain volatility remains key risk
• PAT grew 41% y-y to INR 47 Cr; positive cash flow of INR 76 Cr; CAPEX INR 38 Cr for new stores and refurbishments
• RM inflation ~10% impacting costs; cautious price hikes planned within 3%-5% ASP increase
• Minimum wage hikes partially factored; focus on efficiency to manage employee cost as % of sales
• Unlimited format in South India grew 33% revenue and 40% EBITDA; sales per sq ft up 18% y-y
• Gross margin declined 80 bps to 34.5% due to mix change and inventory provisioning

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Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.