Vishal Mega Mart earnings calls.

Vishal Mega Mart delivered a strong Q1 FY26 with 21% revenue growthCurrent reported value: 21% revenue growth. No comparable prior figure is available in the source record. driven by 11.4% SSGCurrent 11.4% SSG. Reported change: +11.4% YoY. and 23 new store additions. The EBITDA margin expanded 50bps to 14.6Current 14.6 crore vs previous available quarter 16.5 crore.%, reflecting operating leverage benefits. Private brand contribution rose to 75.8%Current 75.8%. Reported change: +170bps YoY., up 170bps YoY, with continued momentum expected. Quick commerce scaled to 670Current 670. Reported change: +670 cities. stores across 445 cities with 10MCurrent 10M. Reported change: +10M. registered customers—20% of whom are entirely new to VMM. The management reiterated gross margins will remain flat as improvements are reinvested into growth, while EBITDA margins will continue expanding at historical rates. New smaller-format stores (50% of regular size) targeting towns with populations under 50,000 are being accelerated. South India productivity lag (~15% below company average) is being addressed through rightsizing exercises in Karnataka. The Karol Bagh fire incident has prompted engagement with global fire safety consultants for system upgrades. The competitive environment remains intense but disciplined store selection and execution focus remain the response.