Retail

Vishal Mega Mart draws brokerage cheer on double-digit SSSG

Store expansion, margin gains and quick-commerce push offset promoter stake overhang for the value hypermarket chain.

Meera Iyer, Retail correspondent·25 September 2026·4 min read

Crowded aisle of hanging apparel and stacked household packs under bright store lights

Brokerages on 24 September flagged double-digit same-store sales growth, continued expansion and margin improvement as positives for Vishal Mega Mart even after a 30 percent stock drop on promoter sales and rich valuations. The chain trades around 40 times FY28 EPS with visibility on scaling.

Network stood at 819 stores across 559 cities by end-June after 27 gross additions in the quarter. Management continuity and private-label thrust support the outlook.

A till operator in a Lucknow store sees higher basket conversion on value apparel and staples; private labels priced sharply keep footfall sticky against kirana discounting. Quick-commerce pilots add another layer without heavy dark-store capex.

Double-digit same-store sales growth, expansion plans and margin gains offer support.

The numbers help Vishal hold ground versus DMart and Reliance Smart while pressuring pure fashion value players on price. Promoter stake sales remain the overhang that keeps multiples in check.

Next catalyst is the 24 September analyst store visit in Lucknow and any Q2 update on area addition pace before festive.

Filed under Retail·Meera Iyer

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