V-Mart Returns to Profit in Q3; Revenue Hits ₹1,126 Cr

V-Mart Retail is back in the black in Q3 FY26. The company reported a standalone net profit of ₹87.99 crore for the quarter ended December 31, 2025 — a clear recovery after the ₹8.87 crore loss in the September quarter.

Revenue from operations climbed to ₹1,126 crore, compared with ₹1,026.73 crore a year earlier. Total income for the quarter stood at ₹1,130 crore. After the results, V-Mart’s shares ended higher, rising 3.21% to ₹590.55.

How Strong Is the Retail Engine Compared to Digital?

The retail business was the main driver in Q3. Revenue from the retail segment rose 10.23% year-on-year to ₹1,120.23 crore, helping lift overall sales.

But the digital marketplace segment did not keep pace. Revenue in this business fell 21.71% to ₹10.67 crore in the quarter ended December 31, 2025.

Was the Festive Season the Key Behind V-Mart’s Profit Bounce?

Yes, the company said the improvement was driven by festive and winter sales, along with a return of footfalls across key regions.

Total expenses increased 23.3% quarter-on-quarter to ₹1,015.32 crore, but the growth was kept in check relative to revenue gains. EBITDA more than doubled to ₹209.5 crore from ₹71.51 crore in Q2. Finance costs rose to ₹20.55 crore, while depreciation was ₹77.89 crore. Earnings per share turned positive at ₹11.08, compared with a negative ₹1.12 in the previous quarter.

V-Mart said its strong Q3 performance was supported by higher throughput during Diwali and December holidays, a richer product mix, and leaner inventory. EBITDA margin expanded to 18.6%, helped by better operating leverage and stronger contribution from rural and tier-2 markets. The company also continues to optimise its store portfolio while pushing digital initiatives.

Nine-Month Figures Signal Turnaround

In the first nine months of FY26, V-Mart reported revenue of ₹2,818.47 crore, up from ₹2,473.78 crore in the same period last year. Net profit also saw a sharp rise, reaching ₹112.72 crore compared with ₹25.34 crore in 9M FY25 — more than four times higher.

The company said it has continued to gain traction through its omni-channel business and maintained operational discipline, positioning itself strongly as it heads into the final quarter of the fiscal year.

Conclusion

V-Mart’s Q3 numbers show a clear recovery, driven mainly by strong retail demand during the festive season. Investors should now watch whether this momentum continues into the final quarter, especially as the company works to keep costs under control while growing sales. The retail segment remains the main growth driver, while the digital marketplace continues to lag. Traders may also track how the stock performs in the coming weeks after its positive reaction to the results.

Sources:

FreePressJournal

BusinessStandard

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