V-Mart’s Retail Blitz: More Stores, More Sales, More Smiles in Q1FY26

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V-Mart Retail Ltd has logged a strong FY26 beginning with a 13% year-on-year revenue from operations increase in the April–June quarter to ₹8.85 billion. The company's same-store sales growth (SSSG) was +1%, and normalised SSSG was +5% YoY, showing underlying demand strength despite a challenging retail environment. The number of total stores of V-Mart as of June 30, 2025, have increased to 510 outlets, which is a reflection of its aggressive expansion plan.

Management attributes the performance to improved footfalls, robust rural demand, and a sharper product strategy, especially at the young consumer. The ongoing wedding season and hope for a good monsoon also supported the sales momentum during the quarter. CFO Anand Agarwal noted that the company is well ahead of the target of opening 60–65 new stores in FY26 and that there is a specific focus on southern markets.

V-Mart's increased emphasis on product quality, faster replenishment, and digital connect is propelling performance in its V-Mart and Unlimited brands. V-Mart has also been optimizing its portfolio by closing underperforming stores, and maintaining good inventory levels to propel future sales seasons.

Key Highlights:

Q1FY26 revenue from operations: ₹8.85 billion, 13% YoY growth.
Same-store sales growth (SSSG): +1%; Normalised SSSG: +5% YoY.
Store network: 510 stores as of June 30, 2025.
Expansion: 60–65 new stores to be added in FY26, including in south India.
Growth drivers: Strength of rural demand, wedding season boom, Gen Z consumer focus, and digital transformation.
Management view: Positive tone, with a focus on sustainable rupee-margin growth and further digital loss reduction.