• The document is a transcript of the Q1 FY27 Earnings Conference Call for V-Mart Retail Limited, held on July 27, 2026. The call was hosted by IIFL Capital Services Limited.
  • The stated purpose of the event was to discuss the company's financial and operational performance for the first quarter of the financial year 2026-27.
  • The meeting was held after the earnings announcement, as it is a discussion of the quarterly results.
  • Management participants included Mr. Lalit Agarwal (Managing Director) and Mr. Anand Agarwal (Chief Financial Officer & Chief Operating Officer). The call was moderated by Mr. Sameer Gupta from IIFL Capital.
  • The company has indicated that the transcript is being filed pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. There is no specific statement in the transcript indicating that no Unpublished Price Sensitive Information (UPSI) was shared; however, the discussion is based on already announced results.
  • The financial period discussed is Q1 FY27 (April to June 2026). Key financial highlights disclosed include:
  • Revenue growth of 23% year-on-year.
  • Same-store sales growth (SSG) of 9%, marking the 11th consecutive quarter of positive SSG.
  • Pre-IndAS EBITDA of INR 83 crore, up 36% YoY, with a margin of 7.6% (up from 6.9% in Q1 FY26).
  • Post-IndAS EBITDA of INR 161 crore, up 27% YoY, with a margin of 14.8% (up 50 bps).
  • Profit Before Tax (PBT) of INR 60 crore, up 39% YoY.
  • Profit After Tax (PAT) of INR 47 crore, up 41% YoY.
  • Gross margin declined 80 bps to 34.5%, attributed to a product mix change and regular provisioning on aged inventory.
  • CAPEX for the quarter stood at INR 38 crores.
  • The company generated positive cash flows of INR 76 crores.
  • Forward-looking statements and strategic themes explicitly referenced include:
  • Expansion guidance for FY27 remains unchanged at 90+ new stores (gross additions).
  • Management expects a negative impact on Q2 sales and margins due to the shift of the Durga Puja festival into Q3, but expects a recovery in Q3.
  • The company is focused on managing raw material inflation (estimated at ~10%), with a cautious approach to passing on costs to consumers, targeting ASP increases of 3-5%.
  • A long-term focus on improving product freshness, inventory management (days of inventory reduced to 86 days), and reducing dependence on discounts.
  • The Unlimited format in South India is a key growth driver, with sales per square foot reaching INR 710.
  • The LimeRoad marketplace reduced its losses by 39% YoY.

Additional Notes Section

  • The document is the official transcript of the conference call, filed with the stock exchanges. There is no mention of additional attachments like investor decks or presentation slides in this specific text.
  • The announcement itself does not contain the primary financial data; it is a transcript of the discussion that followed the results announcement. The key financial figures were reiterated during the call.
  • Logistical details such as dial-in numbers were part of the live call but are not the focus of this transcript summary.