Kya chal raha hai Vishal Mega Mart mein?
Company ne ekdum solid performance dikhaya hai, revenue mein 17% ka jump year-on-year. Is growth ka main reason hai inka store network badhana. Pichhle saal ke comparison mein 29 naye stores add kiye gaye hain, matlab inka retail network 15% expand ho gaya hai! Store sales bhi grow hui hain, comparable store sales growth around 7.5% rahi hai.
Festive season ka impact?
Haan, last quarter ki 12.8% SSSG se yeh figure thoda kam lag raha hai, par iske peeche ka reason samjho. Festive season ka kuch hissa is quarter mein shift ho gaya tha, jiska adverse impact lagbhag 210 basis points ka raha.
Profitability aur Valuation ka funda
Performance sirf revenue tak hi limited nahi hai, company ki margins bhi expand hui hain. EBITDA margins mein 40 basis points ka izafa hua hai YoY. Operating leverage aur tight cost controls ki wajah se yeh sab possible hua hai. Abhi company ka market cap lagbhag ₹18,500 Crore hai aur share price around ₹148.50 (Jan 30, 2026) ke aas-paas chal raha hai.
Analyst kya bol rahe hain?
Motilal Oswal ne is report ke baad bhi apni BUY rating aur ₹170 ka target price maintain kiya hai. Ye target DCF approach par based hai, matlab FY28 ke liye 40 times EV/EBITDA ka valuation. Simple bhasha mein, analysts ko lagta hai ki company aage bhi growth aur margin expansion maintain karegi, jo Indian retail sector ke liye ek achha sign hai.