Vishal Mega Mart Ltd.’s web revenue for the fourth quarter of the monetary 12 months 2024-25 surged 88% year-on-year. Brokerages attributed the robust efficiency to strong festive-led demand, improved retailer productiveness, and the next contribution from personal manufacturers.
Each Jefferies and JPMorgan stay upbeat on the corporate’s progress outlook, citing double-digit same-store gross sales progress of over 13%, retailer additions, and rising traction in personal labels.
They famous the robust SSSG within the March quarter as a key optimistic, particularly in a broader backdrop of tepid consumption commentary from most consumer-facing companies. In addition they highlighted the growing share of personal manufacturers — now over 73% — and Vishal’s rising presence in new geographies like Kerala, Maharashtra, and Gujarat.
Each brokerages agree that whereas margin enlargement might be modest going ahead, it is going to be used as a lever to drive quantity progress and seize market share from the unorganised sector.
Jefferies raised its adjusted Ebitda estimates for monetary years 2025-26 and 2026-27 by 4–6%, resulting in a hike in its goal worth to Rs 142.
JPMorgan elevated its earnings per share forecast for a similar years by 5–7%, now projecting 18% income CAGR and 25% EPS CAGR over the monetary years 2024-25 to 2026-27.
