Aakhir hua kya? Profit Badhne Ke Baad Bhi Stock Kyun Gira?
Dekho bhai, company ne numbers toh mast diye hain. Revenue ₹3,670.3 crore tak pahunch gaya, aur profit ₹312.9 crore ho gaya. EBITDA bhi 20% badh ke ₹605.1 crore ho gaya hai. Poore FY25 ki baat karein toh revenue ₹10,716.35 crore ho gaya aur profit ₹631.97 crore tak pahunch gaya. Debt bhi lagbhag zero hai. Lekin jo asli chinta hai na, woh hai Same-Store Sales Growth (SSSG). Company ne adjusted SSSG 9.6% bataya, par unadjusted 6.1% tha. Investors ko iss clarity mein doubt hai, especially jab stock ka valuation itna high hai. P/E ratio lagbhag 72.4x hai aur market cap ₹56,900 crore ke aas paas hai. Itni mehngi valuation par, chhota sa bhi issue investors ko nervous kar deta hai.
Analysts Kya Bol Rahe Hain?
Bhale hi aaj stock thoda gir gaya ho, par experts abhi bhi positive hain. 14 analysts ne mil kar 'Buy' rating di hai aur average target price ₹161.29 diya hai, matlab lagbhag 32% ka upside dikh raha hai. ICICI Securities ne toh ₹175 ka target de rakha hai. Unko umeed hai ki revenue aur profit aage bhi 19% aur 26% CAGR se badhte rahenge.
Aage Ka Plan Kya Hai?
VMML apni expansion ki race mein bhi peeche nahi hai. Quarter mein 29 naye stores khole hain aur FY26 tak 100 aur naye stores kholne ka plan hai, especially Kerala, Gujarat, Maharashtra jaise states mein. Unka focus value aur affordable retail par hai.