V-Mart Retail Q4 Results Revenue Rs 971 Crore Up 24 Percent SSSG 12 Percent 577 Stores

V-Mart Retail Q4 results for FY26 announced in a provisional business update in April 2026 and confirmed by the board on 7 May 2026 showed total revenue from operations of Rs 971 crore, up 24% year on year from Rs 780 crore in Q4 FY25. The V-Mart Retail Q4 same-store sales growth stood at a robust 12% for the quarter, with the core V-Mart stores delivering 12% SSSG and the Unlimited format stores recording 9% growth.

Investors tracking V-Mart Retail Q4 results FY26 will note that the company opened 29 new stores and closed 6 during Q4, resulting in a total operating network of 577 stores as of March 31, 2026. The V-Mart Retail Q4 period also marked the highest-ever annual store additions for the company with 92 net new stores opened during FY26, surpassing management’s guidance of 75 stores.

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V-Mart Retail Q4 FY26 Results at a Glance

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Key Highlights from V-Mart Retail Q4 FY26

Revenue Growth Driven by Expansion and Same-Store Sales

The V-Mart Retail Q4 revenue growth of 24% to Rs 971 crore was powered by a combination of contribution from new stores opened during FY26 and the strong 12% same-store sales growth in existing stores. The V-Mart Retail Q4 SSSG of 12% significantly outperforms the historical trend, reflecting improved consumer sentiment in tier-2 and tier-3 cities where V-Mart focuses its retail operations.

Record Store Additions in FY26

The V-Mart Retail Q4 period caps a record year for store expansion with 92 net new stores added in FY26, against management’s initial guidance of 75 stores. This V-Mart Retail Q4 outperformance on store additions reflects management’s increased confidence in retail market conditions and the company’s operational capability to open and stabilise new stores quickly across smaller cities in North India and adjacent markets.

Value Retail Positioning and Consumer Demand

The V-Mart Retail Q4 results reflect the company’s value fashion retail positioning, offering affordable clothing, footwear, and accessories for middle-income consumers in cities with limited organized retail access. The V-Mart Retail Q4 performance benefits from the shift of consumer spending from unorganised local retail to organized value fashion chains as consumers seek consistent quality and pricing.

Risks to Monitor

• Rural demand cyclicality: V-Mart Retail Q4 revenues are sensitive to rural and semi-urban income levels, which can be affected by agricultural income variability and employment conditions.
• Fashion trend management: Getting the merchandise mix right in a value fashion context requires accurate trend forecasting, with missed seasonal buys creating inventory markdowns.
• Competition from Trent Zudio and Reliance: Fast-expanding value fashion competitors with greater financial resources could challenge V-Mart Retail Q4 market share in its core geographies.
• Store profitability ramp-up: New stores take 12 to 18 months to reach mature profitability, meaning the record 92 store additions in FY26 will create near-term earnings pressure from pre-mature stores.

Conclusion

The V-Mart Retail Q4 results FY26 confirm a strong performance with revenue up 24% to Rs 971 crore, SSSG of 12%, and record 80-plus net store additions in FY26. The V-Mart Retail Q4 results reflect a value retailer well-positioned in India’s tier-2 and tier-3 city consumer story.

For FY27, the most important variable for V-Mart Retail Q4 investors is whether the 12% SSSG momentum sustains as the base effect grows, and whether the 92 new stores opened in FY26 ramp up to mature profitability quickly enough to support overall earnings growth.

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Disclaimer: This article is for educational and informational purposes only and does not constitute investment advice. Univest analysts are SEBI-registered research analysts (SEBI RA: INH000012449). Investments in the securities market are subject to market risk. Consult a SEBI-registered financial advisor before making any investment decisions.

Frequently Asked Questions

What was V-Mart Retail Q4 FY26 revenue?

V-Mart Retail Q4 FY26 revenue from operations was Rs 971 crore, up 24% year on year from Rs 780 crore in Q4 FY25. These are provisional figures; audited quarterly results were announced on May 7, 2026.

What is V-Mart Retail Q4 FY26 SSSG?

V-Mart Retail Q4 FY26 same-store sales growth was 12% for V-Mart stores and 9% for Unlimited format stores, significantly above historical trend levels, reflecting improving consumer sentiment in tier-2 and tier-3 cities.

How many stores does V-Mart Retail operate?

V-Mart Retail operates 577 stores as of March 31, 2026, with 80-plus net additions in FY26, the highest-ever annual store expansion for the company, exceeding management’s guided target of 75 net stores.

What formats does V-Mart Retail operate?

V-Mart Retail Q4 operates two retail formats: the core V-Mart stores focused on affordable fashion for middle-income families, and the Unlimited format targeting a slightly higher-income consumer with a wider product range.

What is V-Mart Retail Q4 FY27 outlook?

V-Mart Retail Q4 FY27 depends on whether the 12% SSSG momentum sustains, whether the 92 new FY26 stores ramp to mature profitability, and management’s guidance on FY27 store addition targets.

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