GURUGRAM, INDIA | January 31, 2025 – Vishal Mega Mart Limited (NSE: VMM, BSE: 544307) has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company recorded strong revenue growth and profitability, supported by robust sales performance and cost efficiency.
Key Financial Highlights (₹ in Crores)
| Particulars | Q3 FY2025 (Unaudited) | Q3 FY2024 (Unaudited) | YoY Growth | 9M FY2025 (Unaudited) | 9M FY2024 (Unaudited) | YoY Growth |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹31,359.38 | ₹26,237.52 | 19.5% | ₹81,684.51 | ₹68,430.14 | 19.4% |
| Total Income | ₹31,549.63 | ₹26,494.34 | 19.1% | ₹82,083.79 | ₹68,691.88 | 19.5% |
| EBITDA | ₹3,519.10 | ₹2,722.29 | 29.3% | ₹6,935.57 | ₹5,358.79 | 29.4% |
| Profit Before Tax (PBT) | ₹3,519.10 | ₹2,722.29 | 29.3% | ₹6,935.57 | ₹5,358.79 | 29.4% |
| Net Profit | ₹2,627.18 | ₹2,053.61 | 27.9% | ₹5,168.55 | ₹4,007.18 | 29.0% |
| Earnings Per Share (EPS) (₹) | 1.02 | 0.89 | 14.6% | 1.15 | 1.02 | 12.7% |
Segment-Wise Performance
- Retail Operations: The company’s retail sales segment continued to drive growth, contributing a significant portion to the revenue increase.
- E-commerce: Vishal Ecommerce Private Limited, the online subsidiary, reported increased traction, although revenue contribution remains relatively small.
- Inventory Management: Improved stock turnover ratio and optimized procurement strategies led to lower inventory costs.
Key Corporate Developments
- Successful IPO Listing: Vishal Mega Mart's IPO was completed in December 2024, with the company's shares listed on NSE and BSE on December 18, 2024. The IPO comprised an offer for sale of 1,02,56,41,025 equity shares, aggregating ₹80,000 million.
- Expansion Plans: The company is focused on expanding its retail footprint across Tier-II and Tier-III cities.
- Operational Efficiency: Cost control measures and technology adoption have contributed to improved margins.
Management Commentary
CEO's Statement:"We are pleased with the strong performance in Q3 FY2025, reflecting our commitment to operational excellence and customer engagement. Our expansion strategy and focus on cost efficiency have positioned us well for sustainable growth."
Strategic Outlook
- Revenue Growth: Vishal Mega Mart expects double-digit growth in the coming quarters, backed by strong retail demand and expansion efforts.
- Margin Improvement: The company remains focused on cost rationalization, supply chain optimization, and technology-driven efficiencies.
- E-commerce Integration: Strengthening the digital platform to complement physical stores remains a strategic focus.