Daijiworld Media Network- Mumbai

Mumbai, Aug 14: Shares of retail giant Vishal Mega Mart edged higher on Wednesday after the company reported a sharp jump in earnings for the first quarter of FY26.

The hypermarket chain posted a 37.3% surge in consolidated net profit, touching Rs 206 crore, against Rs 150 crore in the same quarter last year. Revenue from operations rose 21% year-on-year to Rs 3,140.3 crore from Rs 2,596.2 crore, reflecting steady consumer demand.

On the operational front, EBITDA climbed 25.6% to Rs 459 crore, while EBITDA margin improved by 60 basis points to 14.6%. The company also saw its gross profit margin expand slightly to 28.4% from 28.2% despite higher other expenses, employee costs, and finance charges.

Vishal Mega Mart shares rose as much as 7.91% intraday to Rs 155.6 apiece on the NSE, before trimming gains to trade 1.43% higher at Rs 146.22 by 10:38 a.m., outperforming the Nifty 50, which was up 0.20%. On a year-to-date basis, the stock has delivered a 36.97% return.

Trading volumes were notably high, clocking 10 times the 30-day average. The stock’s relative strength index stood at 48.3. As per Bloomberg data, nine of the 12 analysts tracking Vishal Mega Mart maintain a ‘buy’ rating, two advise ‘hold’, and one suggests ‘sell’. The 12-month consensus target price is Rs 147.1, indicating a marginal downside of 0.2%.