V-Mart Retail shares rocket over 30% in three days! What’s fuelling the rally?

Shares of V-Mart Retail Ltd. rose as much as 14% to hit an intraday high of Rs 623 on the BSE on Monday, extending gains for a third straight session. The stock has rallied about 31% during this period.

The upmove follows a strong quarterly update from the company. Revenue from operations came in at Rs 971 crore for the quarter, up 24% from Rs 780 crore in the same period last year. Same store sales growth stood at 12%, with V-Mart at 12% and Unlimited at 9%. The company said these figures are provisional and subject to review by its statutory auditors.

Expansion remained robust during the quarter, with 29 store openings and 6 closures, taking the total store count to 577 as of March 31, 2026. The company also recorded its highest-ever annual additions, with 92 new stores opened and 12 closed during the year. Of the stores added in the quarter, 11 were in Uttar Pradesh, four in Tamil Nadu, three each in Bihar and West Bengal, and two each in Jharkhand.

V-Mart share price performance

Despite the recent sharp gains, V-Mart Retail shares are down 25% in the last six months and about 11% since the beginning of the year. In the last 1 year, V-Mart shares are down 20%.

V-Mart Q3 snapshot

V-Mart Retail Ltd. reported a sharp turnaround in the December 2025 quarter, posting a net profit of Rs 87.99 crore compared with a loss of Rs 8.87 crore in the preceding September quarter.

According to an exchange filing, revenue from operations rose to Rs 1,126.38 crore during the quarter, up from Rs 1,026.73 crore in the year-ago period. Total income came in at Rs 1,130.34 crore for the quarter ended December 31, 2025, compared with Rs 810.30 crore in the September quarter and Rs 1,030.11 crore a year earlier.

EBITDA also saw a strong improvement, rising to Rs 209.50 crore from Rs 71.51 crore in the previous quarter and Rs 171.37 crore in the corresponding quarter last year.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)