Vishal Mega Mart Q2 FY26 results have reaffirmed the company’s strong growth trajectory, with India’s leading value retail chain delivering solid revenue expansion, improved profitability, and accelerated store additions across the country. The company reported a robust performance for both Q2 FY26 and H1 FY26, supported by healthy same-store sales growth, margin improvement, and rising customer engagement through its massive loyalty ecosystem.
The results, filed with NSE and BSE, highlight Vishal Mega Mart’s strengthening position in India’s fast-growing value retail landscape.
Consistent Growth Across Quarter and Half-Year
Vishal Mega Mart continued its robust financial trajectory with revenue rising across all three key segments: Apparel, General Merchandise, and FMCG. Importantly, the company also maintained healthy Adjusted Same Store Sales Growth (SSSG) — reflecting sustained consumer demand across its 742-store network.
- Q2 FY26 Adjusted SSSG: 12.8%
- H1 FY26 Adjusted SSSG: 12.1%
Margins expanded across categories, driven by efficient sourcing, disciplined merchandising, and improved product-mix optimization.
Vishal Mega Mart Q2 FY26: Financial Highlights
| Metric | Q2 FY25 | Q2 FY26 | YoY Growth |
| Revenue | 2,436.2 | 2,981.5 | 22.4% ↑ |
| Adjusted SSSG | 13.5% | 12.8% | — |
| EBITDA | 302.5 | 394.6 | 30.5% ↑ |
| EBITDA Margin | 12.42% | 13.23% | 6.52% ↑ |
| Profit After Tax | 104.0 | 152.3 | 46.5% ↑ |
| PAT Margin | 4.27% | 5.11% | 19.67% ↑ |
Vishal Mega Mart H1 FY26: Financial Performance
| Metric | H1 FY25 | H1 FY26 | YoY Growth |
| Revenue | 5,032.5 | 6,121.8 | 21.6% ↑ |
| Adjusted SSSG | 12.6% | 12.1% | — |
| EBITDA | 668.0 | 853.7 | 27.8% ↑ |
| EBITDA Margin | 13.27% | 13.95% | 5.12% ↑ |
| Profit After Tax | 254.1 | 358.4 | 41.0% ↑ |
| PAT Margin | 5.05% | 5.85% | 15.84% ↑ |
Expanding Retail Footprint: 742 Stores Across India
Vishal Mega Mart continues to aggressively expand its brick-and-mortar presence, especially in Tier-2 and Tier-3 markets.
Network Snapshot (as of September 2025)
- Total Stores: 742
- Total Retail Area: 12.76 million sq. ft.
- Cities Covered: 493
- States/UTs: 30
- H1 FY26 Gross Store Additions: 51 stores
- Q2 FY26 Gross Additions: 28 stores
Tier-wise distribution:
- Tier 3: 361 stores
- Tier 2: 185 stores
- Tier 1: 196 stores
Regional distribution:
- North: 291
- West: 193
- East: 189
- South: 69
The company’s continued focus on smaller markets provides a distinct competitive edge in India’s booming value retail segment.
Loyalty Engine Powers Growth: 15.7 Crore Registered Customers
Vishal Mega Mart’s mobile-based loyalty program remains one of the largest in the Indian retail industry. In Vishal Mega Mart Q2 FY26, the loyalty metrics continued to show strong performance, with around 15.7 crore registered customers, reflecting 17% year-on-year growth. Nearly 95% of the company’s revenue comes from loyalty customers. The platform also enables highly personalized targeting for enhanced customer engagement
Omnichannel and Quick Commerce Momentum
Vishal’s hybrid retail strategy continues to gain strong traction. In Vishal Mega Mart Q2 FY26, Vishal Mega Mart reported robust digital performance, with approximately 1.1 crore registered app users, reflecting 60% year-on-year growth. The company now operates 695 stores enabled for hyperlocal delivery and provides quick-commerce coverage across 460 cities. With features such as store pickup, doorstep delivery, an improved app interface, and daily value offers, Vishal is further strengthening its position in the rapidly growing value e-commerce ecosystem.
Outlook: Positioned for Scalable and Profitable Growth
Vishal Mega Mart Q2 and H1 FY26 strong performance—marked by robust profitability, improved margins, and expanding store presence—underscores the retailer’s strategic focus on operational efficiency and market penetration. The company remains well-placed to capture India’s accelerating value-retail demand, supported by:
- rising consumption in smaller cities
- strong loyalty-driven repeat business
- growing omnichannel capabilities
- an efficient cost structure and sourcing backbone
With 742 stores and a massive consumer base, Vishal Mega Mart enters the second half of FY26 with strong momentum. For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription, stay tuned to IPO Central.