VMVishal Mega Mart544307Retail

Vishal Mega Mart reported Q2 results with modest EBITDA growth; Jefferies and Morgan Stanley commented on the stock with cut/maintained target prices amid a PE sell-down overhang

By ScoutQuest · Thu 22 Oct 2026, 8:37 AM IST · 1 min read

EBITDA this quarter

412 crore rupees

EBITDA prior quarter

385 crore rupees

EPS

Rs 2

Stock price

Rs 90

Promoter sale price

around Rs 115-117

Heard on business television between 08:40:26 - 08:43:26 IST.

• Parag Bhai noted promoters sold shares around Rs 115-117 before results, calling it a smart move given non-compulsory selling.
• EBITDA grew only from Rs 385 crore to Rs 412 crore, with EPS of Rs 2 against a stock price of Rs 90, indicating limited growth.
• Jefferies maintained a buy but cut target price to Rs 130 from Rs 160, citing a strong Q3 setup but flagging the PE sell-down as an overhang on stock performance.
• Morgan Stanley maintained overweight with a target price of Rs 146, citing a broad-based mixed festive season impact and reiterating FY27 double-digit same-store-sales growth target, with margins expected to be maintained via cost re-engineering.

The call above is Jefferies's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev