Shares of V-Mart Retail Ltd were trading higher in early deals on Monday, January 5, after the value fashion retailer reported a 10% year-on-year increase in revenue for the December quarter, even as same-store sales growth remained flat.
In an exchange filing on Friday, January 2, V-Mart said its revenue from operations rose to Rs 1,126 crore in Q3 FY26, compared with Rs 1,027 crore in the corresponding quarter last year. The stock was up over 3%, reflecting investor focus on topline growth and store expansion momentum.
Same-store sales impacted by festive timing
The company reported 0% same-store sales growth (SSSG) for the core V-Mart format during the quarter, while the Unlimited format posted SSSG of 2%. Management attributed the muted quarterly performance largely to changes in festive timing, noting that a larger portion of Durga Puja sales fell in the September quarter this year, unlike last year when they contributed more meaningfully to the December quarter.
Accounting for this shift, V-Mart said that combined performance across Q2 and Q3 FY26 showed SSSG of 5% and revenue growth of 15%, indicating steady underlying demand.
Store expansion remains strong
V-Mart continued to expand its retail footprint during the quarter, opening 23 new stores and closing two, taking its total store count to 554 as of end-December. On a year-to-date basis, the company has added 63 stores and shut six.
New stores were opened across multiple states, including Uttar Pradesh (five), Gujarat (four), Bihar (three), Haryana, Madhya Pradesh and Tamil Nadu (two each), along with additions in Delhi, Chhattisgarh, Uttarakhand, Jharkhand and Punjab.
Provisional numbers
The retailer clarified that the revenue figures are provisional and subject to review by its statutory auditors.
Despite short-term pressure on same-store sales, investors appear encouraged by V-Mart’s consistent revenue growth and aggressive store rollout, supporting the stock’s positive reaction in today’s session.
