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What is the story about?
Shares of V-Mart Retail are bucking the trend in an otherwise weak market on Thursday, April 2, in reaction to its fourth quarter business update that was shared after market hours on Wednesday.
The stock is seeing gains of as much as 12% on Thursday, on a day when over 2,000 stocks on the National Stock Exchange (NSE) are trading with losses, in reaction to the sell-off in global equities after US President Donald Trump's address which stated that Operation Epic Fury will continue in Iran.
In its business update, V-Mart Retail announced that its revenue grew by 24.5% during the March quarter to ₹971 crore from ₹780 crore during the same quarter last year.
The same-store-sales-growth (SSSg) for the quarter stood at 12%, while for "Unlimited", the figure stood at 9%.
During the quarter, V-Mart opened 29 stores and closed a total of six, taking the total store count to 557, with 92 stores added in financial year 2026.
Based on the update, the company's revenue for the full financial year could have grown by 16.4% from financial year 2025 to ₹3,789 crore.
In an earlier interaction with CNBC-TV18, the management of V-Mart Retail had highlighted that the second and fourth quarter are generally a lean period for the company.
However, they plan on closing the year with growth ranging between 15% to 18% and that the margin improvement momentum should also continue going forward.
Shares of V-Mart Retail are trading 11% higher on Thursday at ₹536. The stock is still down 25% so far in 2026.
The stock is seeing gains of as much as 12% on Thursday, on a day when over 2,000 stocks on the National Stock Exchange (NSE) are trading with losses, in reaction to the sell-off in global equities after US President Donald Trump's address which stated that Operation Epic Fury will continue in Iran.
V-Mart's Business Update
In its business update, V-Mart Retail announced that its revenue grew by 24.5% during the March quarter to ₹971 crore from ₹780 crore during the same quarter last year.
The same-store-sales-growth (SSSg) for the quarter stood at 12%, while for "Unlimited", the figure stood at 9%.
During the quarter, V-Mart opened 29 stores and closed a total of six, taking the total store count to 557, with 92 stores added in financial year 2026.
Based on the update, the company's revenue for the full financial year could have grown by 16.4% from financial year 2025 to ₹3,789 crore.
Earlier Guidance
In an earlier interaction with CNBC-TV18, the management of V-Mart Retail had highlighted that the second and fourth quarter are generally a lean period for the company.
However, they plan on closing the year with growth ranging between 15% to 18% and that the margin improvement momentum should also continue going forward.
Shares of V-Mart Retail are trading 11% higher on Thursday at ₹536. The stock is still down 25% so far in 2026.
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