V-Mart Retail Limited — Q1FY27 earnings call summary

Filed 30 July 2026 · Official transcript

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