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23 hours ago
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Vishal Mega Mart Share Price Target 2026: Indian hypermarket chain Vishal Mega Mart recently delivered a mixed set of results in Q4FY26. While revenue came in line with estimates, EBITDA and PAT saw slight misses, and margins were weaker than expected. The key positive was strong same-store sales growth (SSSG), reflecting healthy demand momentum.
Brokerages have reviewed the performance of the company and rated its stock along with the target price.
The company reported strong like-for-like growth. Adjusted SSSG (excluding stores impacted by operational disruptions) stood at a healthy 13.2 per cent, while reported SSSG was 12.1 per cent. Vishal Mega Mart added 24 net stores during the quarter, taking its total store count to 795.
Category-wise Revenue Breakup (Q4)
- Apparel: 42.6 per cent
- General Merchandise: 29.1 per cent
- FMCG: 27.8 per cent
Emkay on Vishal Mega Mart
- Topline growth robust, ~1.5 per cent ahead of estimate
- Gross margin dipped by ~50bps to 27.8 per cent in Q4 (lower than estimate of 28.4 per cent)
- Increased promotions/inventory liquidation impacted gross margin
- Unit economics maintained in tier 2 and beyond cities
- Store additions remained healthy
HDFC Securities on Vishal Mega Mart
- Q4 revenue rises 22.2 per cent YoY to Rs31.1 billion
- SSSG at 12.1 per cent in Q4FY26
- EBITDA grows 38.9 per cent YoY
- Net cash stands at Rs17 billion
- Operating leverage drives margin expansion despite promotional intensity
Vishal Mega Mart Share Price Target 2026
HDFC Securities maintained Buy with a target price of Rs 130. Emkay too maintained Buy with a target price of Rs 160 (Upside ~34.5 per cent).
On Friday, the stock was closed at Rs 119, up 1.06 per cent from its previous closing, on BSE.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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