V-Mart Begins FY26 on Disappointing Note as Growth Slows

V Mart Retail Ltd's shares fell about 4% on Wednesday after its latest business update came as a disappointment. Revenue from operations increased 13% in the June quarter (Q1 of FY26) from a year earlier.

- Pallavi Pengonda

In comparison, revenue growth in FY25 was almost 17%.

Same store sales growth (SSSG), a measure of comparable sales over a period, came in at 1%, lower for the third consecutive quarter. V-Mart-format SSSG stood at 1% versus 7% in Q4 of FY25 and 10% in Q3 of FY25. Unlimited-format SSSG also came in at 1% in Q1 versus 10% in Q4 of FY25 and 11% in Q3 of FY26. As per V-Mart, after adjusting for the impact of advancement of Eid to the previous quarter, overall SSSG was up 5% year-on-year in Q1, with the SSSG for both V-Mart and Unlimited at 5% each.