Vishal Mega Mart Reports Weaker 2QFY27, Motilal Oswal Sets Rs 125 Target
Motilal Oswal said Vishal Mega Mart’s revenue rose about 14% year over year, below its estimate of about 16%, while same-store sales growth was 5.4%. Pre-Ind AS EBITDA margin contracted.
Motilal Oswal said Vishal Mega Mart (VMM) had a slightly weaker 2QFY27, with revenue up about 14% YoY, compared with the firm’s estimate of about 16% YoY. Growth was driven by 5.4% SSSG, which faced a 300-400bp impact from the festive shift, and about 10.5% YoY area addition. Pre-Ind AS EBITDA margin narrowed by about 90bp…