V-Mart Retail Q2 FY27: revenue up 18% to ₹9,530 Mn, EBITDA up 20%, but PAT loss widens to ₹163 Mn
Q2 FY27 revenue up 18% to ₹9,530 Mn and EBITDA up 20% to ₹861 Mn, but the PAT loss widened 84% to ₹163 Mn from ₹89 Mn.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue from Operations
- ₹9,530 Mn, up 18% from ₹8,069 Mn a year earlier
- Q2 FY27 EBITDA
- ₹861 Mn, up 20%; margin at 9.0% versus 8.9%
- Q2 FY27 PAT
- Loss of ₹163 Mn against a loss of ₹89 Mn, an 84% wider loss
- Period
- Q2 & YTD FY27, ended September 2026
- Positioning
- The presentation positions V-Mart as a value retailer across Apparel (77% of Q2 FY27 revenue), Non-Apparel and FMCG, with 577 stores, 5.0 Mn sq. ft. of retail space and 90 Mn footfalls in FY26.
📉 Q2 FY27 revenue from operations was ₹9,530 Mn, up 18% from ₹8,069 Mn a year earlier, and EBITDA rose 20% to ₹861 Mn with margin at 9.0% versus 8.9%. Profit after tax was a loss of ₹163 Mn against a loss of ₹89 Mn, an 84% wider loss, which the presentation attributes to depreciation under Ind AS 116.
📈 For the half year to September 30, 2026, revenue was ₹20,418 Mn, up 21%, EBITDA ₹2,467 Mn, up 25% at a 12.1% margin against 11.7%, and PAT ₹309 Mn, up 25%. Gross margin slipped to 34.0% from 34.5%.
📈 By format in Q2 FY27, V-Mart revenue was ₹7,750 Mn (up 17%), Unlimited ₹1,721 Mn (up 25%) and LimeRoad NMV ₹298 Mn (up 55%); apparel held 77% of the mix. For the half year, manpower cost rose 16% and power and fuel 17%, with advertisement spend at 1.9% of revenue versus 1.8%.
💰 The company reports net free cash flow (pre-Ind AS 116) of -₹1,138 Mn for the half year versus ₹266 Mn a year earlier, which it says reflects festive inventory build-up and faster vendor payments; borrowings rose to ₹1,900 Mn from ₹1,000 Mn at March 31, 2026 and inventories to ₹11,904 Mn from ₹9,875 Mn.
Also from V-Mart Retail
V-Mart Retail uploads recording of November 4, 2026 conference call with analysts and investors
5 Nov 2026
Q2 and H1 FY27 results emailed to shareholders
5 Nov 2026
Q2 FY27 press release: revenue up 18% to ₹953 crore, EBITDA up 20% to ₹86 crore
3 Nov 2026
More numbers
- Revenue from operations, Q2 FY279,530 (₹ Millions)
- EBITDA, Q2 FY27861 (₹ Millions)
- Profit after tax, Q2 FY27-163 (₹ Millions)
- EBITDA margin, Q2 FY279.0%
- Revenue from operations, YTD FY2720,418 (₹ Millions)
- Profit after tax, YTD FY27309 (₹ Millions)
- Net free cash flow (pre-Ind AS 116), YTD FY27-1,138 (₹ Millions)
- Borrowings as at September 30, 20261,900 (₹ Millions)
- Total stores, FY26577
- Revenue from operations, FY2637,894 (₹ Mn)
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