V-Mart Retail reported an 18% revenue jump to Rs 953 crore for the September quarter. While reported Same Store Sales Growth (SSSG) stood at 3%, management noted an adjusted growth of 11% when accounting for a festive calendar shift. The company expanded its footprint to 613 stores, signaling aggressive network growth.
V-Mart Retail Q2 Revenue Grows 18% to Rs 953 Crore
Revenue for Q2 FY27 reached Rs 953 crore compared to Rs 807 crore in Q2 FY26. Total store network expanded to 613 locations with 23 new openings this quarter.
Reader Takeaway: Revenue growth remains strong at 18%, but investors should track Q3 performance to validate festive demand recovery.
What just happened
V-Mart Retail released its provisional results for the quarter ending September 30, 2026. The company recorded a top-line growth of 18% year-on-year. While reported Same Store Sales Growth (SSSG) was moderate at 3%, the company provided an adjusted SSSG figure of 11% to account for a 19-day delay in the onset of the festive season compared to last year.
Why this matters
The adjustment for the festive calendar shift is critical for investors to understand the underlying momentum of the business. With Navratri starting in October this year versus September last year, the Q2 figures do not fully capture the festive spending cycle. The 11% adjusted SSSG suggests that demand remains healthier than the raw headline number indicates.
What changes now
The company continues to scale its operations rapidly. With 23 new store additions in the current quarter, V-Mart is leveraging its reach across Uttar Pradesh, Bihar, and other regions to capture market share. The focus remains on integrating these new assets to improve overall throughput in the coming quarters.
Context metrics
- Total Revenue (YTD FY27): Rs 2,042 crore (21% YoY growth).
- Current Portfolio: 613 stores.
- Store additions: 23 new stores, 1 closure in Q2.
What to track next
Investors should look to the upcoming Q3 results, which will encompass the peak festive shopping period. The key monitorable will be whether the anticipated festive demand translates into improved profitability and higher organic sales growth, validating the expansion strategy.