V-Mart Retail delivered steady operational performance during the quarter ended December 31, 2025 (Q3 FY26), supported by revenue growth and continued expansion of its physical store network. The company reported provisional revenue from operations of ₹1,126 crore for the quarter, compared with ₹1,027 crore in the same period last year, marking a year-on-year increase of 10%.
The quarter reflected stable demand trends, though same-store sales growth (SSSG) remained muted due to festive calendar shifts. V-Mart’s SSSG stood at 0% during Q3 FY26, while its Unlimited format recorded a modest growth of 2%. Management highlighted that the timing of Durga Puja played a key role in shaping quarterly numbers, as a larger portion of festive sales moved to Q2 this year compared with the previous financial year.
To adjust for this seasonal distortion, the company assessed performance on a combined Q2 and Q3 basis. On a cumulative level, the two quarters together delivered a healthier same-store sales growth of 5%, alongside a robust 15% growth in total revenue, indicating underlying demand strength across formats and regions.
Alongside revenue performance, V-Mart continued to focus on expanding its retail footprint. During the quarter, the company opened 23 new stores while closing 2 underperforming locations. This took year-to-date additions to 63 stores and closures to 6 stores. As of the end of Q3 FY26, V-Mart operated a total of 554 stores across India.
The newly opened stores were strategically spread across key states to deepen regional presence. Uttar Pradesh accounted for five new outlets, followed by four stores in Gujarat and three in Bihar. Haryana and Madhya Pradesh added two stores each, reinforcing the company’s focus on tier-2 and tier-3 markets where value fashion demand remains strong.
