V-Mart Q3 business update: Revenue grows 10% on-year, same-store sales flat

V-Mart Retail Ltd reported a 10% year-on-year rise in revenue for the December quarter, even as same-store sales remained flat, with performance impacted by shifts in festive timing, the company said in an exchange filing on Friday, January 2.

Revenue from operations increased to ₹1,126 crore in Q3 FY26, compared with ₹1,027 crore in the year-ago period. Same-store sales growth (SSSG) stood at 0% for the V-Mart format during the quarter, while the Unlimited format recorded SSSG of 2%.

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retailer said quarterly trends were influenced by the timing of festive sales, with a larger share of Durga Puja falling in the September quarter this year, compared with the December quarter last year. Adjusting for this impact, the company said combined performance across Q2 and Q3 showed SSSG of 5% and revenue growth of 15%, pointing to underlying demand traction.

On the expansion front, V-Mart opened 23 new stores and closed two during the quarter. Year-to-date, the retailer has added 63 stores and closed six, taking its total store count to 554 as of the end of December.

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New stores were added across several states, including Uttar Pradesh (five), Gujarat (four), Bihar (three), Haryana, Madhya Pradesh and Tamil Nadu (two each), and one store each in Delhi, Chhattisgarh, Uttarakhand, Jharkhand and Punjab.

The company noted that the revenue figures are provisional and subject to review by statutory auditors.

Ahead of the announcement, shares of V-Mart Retail Ltd ended 1.17% higher at ₹706 on Friday. The stock has declined 10.10% over the past month.