Vishal Mega Mart | Business Upturn

Vishal Mega Mart subsidiary receives Rs 3.29 crore income tax order

Yash Agarwal — Tue, 31 Mar 2026 08:57:28 +0000

Vishal Mega Mart’s subsidiary, Airplaza Retail Holdings Private Limited, has received an order from the Office of the Assistant Commissioner of Income Tax, TDS Circle 1(1) Chennai, the company disclosed to the National Stock Exchange on March 31, 2026.

The order was passed under Section 201 and 201(1A) of the Income Tax Act, 1961, and was issued on March 30, 2026. The tax authority alleged non-deduction of Tax Deducted at Source (TDS) and non-payment of interest on TDS for the financial year 2019-20.

The total monetary impact of the order amounts to ₹3,28,86,743, comprising a tax demand of ₹1,86,10,422 and interest of ₹1,42,76,321. However, Vishal Mega Mart stated that there is no further material impact on the financial, operational, or other activities of the company due to the order.

The subsidiary company is currently reviewing the order and evaluating its next steps in response to the tax authority’s direction. Vishal Mega Mart made the disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Vishal Mega Mart faces Rs 71.85 lakh tax demand for excess input tax credit

Yash Agarwal — Tue, 24 Mar 2026 12:53:48 +0000

Vishal Mega Mart has been served with an order from the Assistant Commissioner, LGSTO 38- Bengaluru, DGSTO-5, Bengaluru, Karnataka, under Section 74 of the CGST Act, 2017. The order alleges that the company availed or utilised excess Input Tax Credit during the financial year 2019-20.

The order, received on 24th March 2026, outlines a financial impact totalling ₹71,85,432. This includes a tax demand of ₹23,43,585, interest amounting to ₹24,98,262, and a penalty of ₹23,43,585. Despite the significant monetary implications, Vishal Mega Mart has stated that the order will not have a material impact on its operations or other activities.

The company is currently reviewing the order and evaluating its next steps to address the situation. The management has not disclosed any further details on how they plan to respond to the tax demand or whether they intend to contest the order.

Vishal Mega Mart, a prominent retail chain, is known for its wide range of consumer goods and has a substantial presence in the Indian market. The impact of this order, while financially notable, is not expected to disrupt its ongoing business operations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Vishal Mega Mart shares jump over 2% as Q2 revenue rises 22.4% YoY to Rs 2,982 crore, profit up 46.6%

Aman Shukla — Fri, 14 Nov 2025 03:47:38 +0000

Vishal Mega Mart’s stock moved more than 2% higher after the company released its consolidated financial results for the September 2025 quarter, showing steady growth across key metrics on a year-on-year basis.

For Q2 FY26, the company reported revenue of ₹2,982 crore, an increase of 22.4% compared with ₹2,436 crore in the same period last year. Operating performance also improved, with EBITDA rising 30.5% to ₹395 crore from ₹302 crore a year earlier. The EBITDA margin stood at 13.2%, slightly higher than last year’s 12.4%.

Net profit for the quarter came in at ₹152 crore, up 46.6% from ₹104 crore in the corresponding quarter of the previous year, reflecting stronger operational efficiency and higher store-level performance.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Vishal Mega Mart Q2 Results: Net profit jumps 46.4% YoY to Rs 152.3 crore, revenue up 22.4%

Aman Shukla — Thu, 13 Nov 2025 10:37:02 +0000

Vishal Mega Mart has released its financial results for the second quarter, reporting consistent growth across profit, revenue, and operating performance.

The company posted a net profit of ₹152.3 crore for Q2, compared with ₹104 crore in the same quarter last year. This reflects a year-on-year increase of 46.4%.

Revenue for the quarter stood at ₹2,981 crore, up from ₹2,436 crore last year, marking a 22.4% increase. The topline growth shows continued demand across the company’s retail network.

Vishal Mega Mart reported an EBITDA of ₹394 crore for the quarter, compared with ₹302 crore in the previous year. This represents a 30.7% year-on-year rise. The EBITDA margin improved to 13.2%, slightly higher than last year’s 12.4%, indicating better operating efficiency.

Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.

Vishal Mega Mart shares jump over 3% as Q1 revenue rises 21% YoY to Rs 3,140 crore, net profit up 37.3% YoY

Aman Shukla — Thu, 14 Aug 2025 03:58:22 +0000

Shares of Vishal Mega Mart rose over 3% in early morning trade after the company posted a strong set of Q1 results, reflecting healthy growth across revenue, margins, and profitability. As of 9:25 AM, the shares were trading 3.47% higher at Rs 149.19.

Vishal Mega Mart reported a robust 21% growth in revenue at ₹3,140 crore, up from ₹2,596 crore in the same quarter last year. EBITDA increased 25.6% to ₹459 crore, compared with ₹366 crore previously, while margins improved slightly to 14.6% from 14.1%. Net profit jumped 37.3% to ₹206 crore versus ₹150 crore in Q1 FY25, reflecting strong operational performance.

The stock opened at ₹154.00 and traded in a range of ₹148.15 to ₹155.60, touching its 52-week high of ₹155.60, while the 52-week low remains ₹95.99. The previous close was ₹144.19.

Vishal Mega Mart shares jump 5% as Q4 revenue rises 23.2% YoY to Rs 2,547.9 crore

Aman Shukla — Wed, 30 Apr 2025 03:59:34 +0000

Vishal Mega Mart shares gained 5% in early trade after the retail giant reported a stellar 88% year-on-year (YoY) rise in net profit for the March quarter (Q4 FY25). The company posted a net profit of ₹115.1 crore, compared to ₹61.2 crore in the same quarter last year.

Revenue from operations grew by 23.2% YoY, reaching ₹2,547.9 crore in Q4 FY25, up from ₹2,068.9 crore in Q4 FY24. The strong top-line performance was driven by higher store footfalls and expansion across urban and semi-urban markets.

At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortisation) stood at ₹357 crore, registering a sharp 42.6% growth from ₹250.5 crore in Q4 FY24. The EBITDA margin improved to 14% from 12.1% in the corresponding period last year, indicating better cost management and operating efficiency.

Vishal Mega Mart shares opened at ₹111.90 today, reaching a high of ₹114.80 and a low of ₹111.50. The stock remains active within its 52-week range, with a high of ₹126.87 and a low of ₹95.99.

Vishal Mega Mart Q3 FY25 Results: Profit Jumps 27.9% YoY, Revenue up 19.5%

Aditya Bhagchandani — Fri, 31 Jan 2025 13:35:07 +0000

Vishal Mega Mart reported its Q3 FY25 results with strong growth in profit and revenue. The company’s net profit surged 27.9% YoY to ₹2,627.18 million compared to ₹2,053.61 million in Q3 FY24, reflecting improved operational efficiencies and cost management.

Key Highlights:

Revenue from operations: ₹31,359.38 million, a 20.1% increase from ₹26,235.53 million in the same quarter last year.
Total income: ₹31,549.63 million, up 19.8% YoY from ₹26,337.52 million.
Total expenses: ₹28,030.53 million, higher than ₹23,615.23 million in Q3 FY24 due to increased purchases of stock-in-trade and other costs.
Profit before tax: ₹3,519.10 million, marking a 29.2% YoY rise from ₹2,722.29 million.

The company’s sustained focus on expanding product offerings and optimizing supply chain efficiencies has been a key driver of growth.

Nine-Month Performance:

Revenue: ₹81,684.51 million, up 19.4% from ₹68,430.14 million.
Net profit: ₹5,168.55 million, a 28.9% increase from ₹4,007.18 million during the same period last year.

Vishal Mega Mart’s consistent growth highlights its ability to adapt to changing consumer demands and effectively compete in the retail space.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice.

Vishal Mega Mart IPO Listing Today: Check latest GMP details

Aditya Bhagchandani — Wed, 18 Dec 2024 03:25:27 +0000

Vishal Mega Mart shares are set to make their much-anticipated debut on the stock exchanges today following an oversubscribed ₹8,000-crore IPO. The public issue saw strong investor demand, with a total subscription of 27.28 times during the three-day bidding window last week.

Key IPO Subscription Details:

Qualified Institutional Buyers (QIBs): 80.75 times
Non-Institutional Investors (NIIs): 14.24 times
Retail Investors: 2.31 times

GMP:

Ahead of the listing, Vishal Mega Mart shares are trading at a ₹22 grey market premium (GMP), indicating a possible listing price of ₹100 per share against the IPO price of ₹78, representing a 25% gain. However, market experts caution that the GMP is speculative and not an official indicator of the actual listing price.

Company Overview:

Vishal Mega Mart operates a chain of 645 retail stores across 414 cities as of FY24, catering primarily to middle and lower-middle-class consumers.

Store Distribution: ~35% of stores are concentrated in Uttar Pradesh, Karnataka, and Assam.
Revenue Segments:
- Apparel: 44%
- FMCG: 27%
- General Merchandise: 29%

Analysts’ Take:

With robust investor interest, analysts suggest booking profits if listing gains exceed 25%, given the high subscription levels and consistent performance of the retail giant.

Vishal Mega Mart’s successful market debut underscores investor confidence in its growth story, driven by a vast retail network and strong focus on value-driven products.

Vishal Mega Mart IPO: Final day of subscription; Check latest GMP

Aditya Bhagchandani — Fri, 13 Dec 2024 04:26:32 +0000

Vishal Mega Mart’s ₹8,000 crore IPO, a fully offer-for-sale issue involving 102.56 crore shares, is set to close today, December 13, 2024. The IPO price band is ₹74-₹78 per share, with a minimum application lot size of 190 shares, requiring a retail investment of ₹14,820.

Subscription and Allotment Details:

The IPO has been subscribed 1.63 times so far.
Retail investors have subscribed 1.23 times, while NIIs have oversubscribed the issue by over 4 times.
The allotment is expected on December 16, with a tentative listing date of December 18 on BSE and NSE.

Grey Market Premium: The IPO is trading at a ₹16 per share premium in the grey market, suggesting a potential listing price of ₹94, a 20.51% premium over the upper price band of ₹78.

Key Managers: Kotak Mahindra Capital, ICICI Securities, Intensive Fiscal Services, Jefferies India, J.P. Morgan India, and Morgan Stanley India are the book-running lead managers, with Kfin Technologies as the registrar.

The raised ₹8,000 crore proceeds will entirely benefit the selling shareholders, with no funds allocated for the company’s operations.

Vishal Mega Mart IPO: How much to invest for one lot?

Aditya Bhagchandani — Fri, 06 Dec 2024 07:23:48 +0000

Vishal Mega Mart, the supermarket chain, has set a price band of ₹74-₹78 per share for its ₹8,000 crore initial public offering (IPO). The IPO will open for subscription from December 11 to December 13, with anchor investor bidding scheduled for December 10.

Key IPO details:

Offer structure: The IPO is entirely an Offer for Sale (OFS), with Samayat Services LLP, the majority stakeholder holding 96.55% of the company, offloading shares worth ₹8,000 crore.
Face value: ₹10 per share.

Lot size and investment:

Investors can bid for a minimum of one lot consisting of 190 shares. At the upper price band of ₹78, the minimum investment required will be ₹14,820.

Reservation details:

Qualified Institutional Buyers (QIBs): 50% of the net offer.
Retail investors: 35%.
Non-institutional investors: 15%.

IPO timeline:

Subscription period: December 11 to December 13.
Allotment date: December 16.
Refund initiation: December 17.
Credit to Demat accounts: December 17.
Listing date: December 18 (on NSE and BSE).

Book-running lead managers:

The IPO is being managed by Jefferies India Pvt Ltd, Kotak Mahindra Capital Company Ltd, Intensive Fiscal Services Pvt Ltd, ICICI Securities Ltd, JP Morgan India Pvt Ltd, and Morgan Stanley India Company Pvt Ltd. KFin Technologies has been appointed as the IPO registrar.

About Vishal Mega Mart:

Vishal Mega Mart operates 645 stores across India and offers products in three key categories: FMCG, apparel, and general merchandise. It also provides a digital shopping experience via its mobile application and website.

This IPO is one of the biggest public offers this year, following Hyundai Motors India (₹27,000 crore), Swiggy (₹11,000 crore), and NTPC Green (₹10,000 crore).

Vishal Mega Mart’s Rs 8,000-crore IPO to open on December 11: Check key details

Aditya Bhagchandani — Thu, 05 Dec 2024 08:07:21 +0000

The highly anticipated Rs 8,000-crore initial public offering (IPO) of Vishal Mega Mart is set to open for public subscription on December 11, 2024. The bidding for anchor investors will commence a day earlier, on December 10, as per the Red Herring Prospectus (RHP) disclosed on Thursday.

Key highlights of the IPO:

Offer Structure: The IPO is entirely an Offer For Sale (OFS), with no fresh equity issuance. Promoter Samayat Services LLP will divest a portion of its 96.55% stake in the Gurugram-based retail chain.
Proceeds: Since it is an OFS, the company itself will not receive any funds from the offering. All proceeds will go to the selling shareholder, Samayat Services LLP.
Regulatory Approvals: Vishal Mega Mart filed its confidential Draft Red Herring Prospectus (DRHP) in July 2024, which was approved by SEBI on September 25. The updated DRHP (UDRHP) was filed in October after incorporating regulatory feedback and was made available for public comments for 21 days.
Business Model: Vishal Mega Mart is a retail chain catering to middle and lower-middle-income consumers. Its product categories include apparel, general merchandise, and FMCG, offering both in-house and third-party brands.
Presence: As of June 30, 2024, the company operates 626 stores across India, along with a robust mobile app and website.
Industry Overview: India’s aspirational retail market was valued at Rs 68-72 trillion in 2023 and is projected to grow at a CAGR of 9% to reach Rs 104-112 trillion by 2028, according to a Redseer report. Factors like urbanization, organized retail penetration, and better product quality are driving growth.

Lead Managers:

The IPO is managed by Kotak Mahindra Capital Company, ICICI Securities, Intensive Fiscal Services, Jefferies India, JP Morgan India, and Morgan Stanley India Company.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.