VMART Q2 FY27 Guidance vs Delivery (VMART Management Mirror)

Sep'26 Qtr Revenue Grows 18.1% YoY to Rs 95,299 Lakh, Delivering on Durga Puja Shift Expected in Jun'26 Qtr

V-Mart reported Sep'26 Qtr standalone revenue of INR 95,299 lakh, up 18.1% YoY, with same-store sales growth (SSSG) at 3%, while like-for-like growth adjusted for a 19-day festive shift stood at 11%, according to the financial results and concall. This aligns with the Jun'26 Qtr guidance, which anticipated a negative YoY impact on Q2 sales and margins due to the shift of Durga Puja into Q3 FY27. Earlier in Mar'26 Qtr, management had targeted 6% to 7% like-for-like sales growth for FY27, with Jun'26 Qtr targeting mid-to-high single-digit SSSG. Looking ahead, management expects a full recovery with healthy festive-to-festive growth in Q3 and reaffirmed its full-year revenue growth guidance of 17% to 20%.