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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Vishal Mega Mart
Vishal Mega Mart (VMM) investor relations material
Vishal Mega Mart Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary21 Oct, 2026
Executive summary
Consolidated Q2 revenue rose 14.0% YoY to ₹3,398.53 crore; H1 revenue increased 16.4% to ₹7,125.54 crore.
Festive-calendar timing shifted purchases into Q3, weighing on Q2 margins; reported SSSG was 5.4% in Q2 and 7.7% in H1, versus calendar-adjusted ~9% and ~9.5%.
Financial highlights
Consolidated Q2 net profit was ₹157.88 crore versus ₹152.31 crore YoY; H1 net profit was ₹416.65 crore versus ₹358.38 crore.
Adjusted PAT grew 6.4% to ₹172.0 crore in Q2 and 15.8% to ₹436.7 crore in H1.
Q2 gross profit rose 12.7% to ₹950.1 crore; H1 gross profit increased 16.4% to ₹2,018.9 crore.
Standalone Q2 revenue was ₹1,990.09 crore and net profit ₹165.18 crore; H1 revenue was ₹3,877.40 crore and net profit ₹338.37 crore.
Outlook and guidance
Full-year SSS growth target is double digit; Q3 SSSG would need to exceed 10% for the first nine months to reach double-digit growth.
Guidance remains for 100+ store openings this year, with annual openings intended to exceed the prior year's count; new stores are expected to be profitable and viable.
Gross margins are expected to remain stable YoY in H2; management sees no need for further price increases at current inflation levels.
Management expects EBITDA margin to improve by ~30 bps annually as double-digit growth outpaces 6%-7% store-level cost inflation.
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Latest events from Vishal Mega Mart
- Revenue and PAT grew, alongside debt prepayment and an expanded manufacturing remit.VMM
Q4 23/24 - Revenue up 18.7% YoY, PAT up 25.6%, 819 stores, private brands at 75.2%, foreign cap at 49.99%.VMMQ1 2027
- Double-digit revenue and profit growth, margin gains, and continued expansion in FY26.VMMQ4 25/26
- Q3 FY26 revenue up 17% YoY, with margin gains and rapid omni-channel and store expansion.VMMQ3 25/26
- Strong revenue and profit growth, margin expansion, and digital-led store rollout in Q2 and H1 FY26.VMMQ2 25/26
- Strong revenue and profit growth in FY25, highlighted by a major IPO and improved margins.VMMQ4 24/25
- Q1 FY26 saw 21% revenue growth, margin expansion, and rapid omni-channel and store network growth.VMMQ1 2026
- Q3 FY25 saw robust revenue and profit growth, highlighted by a successful IPO.VMMQ3 24/25
Next Vishal Mega Mart earnings date
Q3 26/2727 Jan, 2027
Vishal Mega Mart
Next Vishal Mega Mart earnings date
Q3 26/2727 Jan, 2027
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Frequently asked questions
Vishal Mega Mart Limited is a retail company operating a chain of value-focused stores that offer a wide range of products including apparel, general merchandise, and fast-moving consumer goods (FMCG). The company serves customers through large-format stores located across urban and semi-urban areas, targeting affordability and accessibility. Its product portfolio includes clothing for men, women, and children, along with household items, food products, and personal care goods. The company is headquartered in Gurugram, India, and its shares are listed on the BSE.