Vishal Mega Mart shares plunge 7% as promoter likely offloads 14.2% stake via block deal

Shares of Vishal Mega Mart plunged as much as 7% to a day’s low of Rs 118 on the BSE on Friday after 14.2% equity stake worth Rs 7,915 crore changed hands in a block deal. Ahead of market opening, news agencies had reported that the block deal size was revised upward to about Rs 7,400 crore.

A day earlier, ET Now had reported that promoter Samayat Services LLP was looking to offload a 6.5% stake in the company through a block deal at Rs 115 per share, implying a discount of about 10% to the previous closing price.

As of December 31, 2025, Samayat Services owned a 54.09% stake, equivalent to 252.74 crore shares, in Vishal Mega Mart. The proposed transaction involves the sale of 3.05 crore shares, the report added. The shares sold through the block deal will be subject to a lock-in period of 150 days.


Vishal Mega Mart operates as a leading fashion-focused hypermarket chain in India, with a network of more than 780 stores catering to middle-income consumers through affordable fashion, general merchandise and grocery offerings.

Vishal Mega Mart share price performance

On Thursday, Vishal Mega Mart shares settled at Rs 127.53 on the NSE, gaining Rs 4.56 or 3.71% over the previous close. The counter witnessed heavy trading activity during the session, with more than 4 crore shares exchanging hands.

Over the past year, the stock has climbed 24%, outperforming the 13% rise in the Nifty and the 10% gain in the BSE Sensex during the same period.

As for 2026, the stock is up 10% in the last five days but still trades lower by more than 6% on a year-to-date basis.

Vishal Mega Mart Q3 snapshot

Vishal Mega Mart delivered a strong performance in the third quarter of FY26, posting a 19.1% year-on-year rise in net profit to Rs 312.9 crore, compared with Rs 262.7 crore in the corresponding period last year.

Revenue for the quarter climbed 17% to Rs 3,670 crore from Rs 3,135.9 crore in Q3 FY25, driven by sustained traction across its retail network and healthy consumer demand.

EBITDA rose 20% to Rs 605.4 crore versus Rs 504.5 crore a year ago. Margins expanded to 16.5% from 16.1% YoY, reflecting improved operating leverage and better cost efficiencies.

Adjusted same-store sales growth (SSSG) came in at 9.6%, after factoring in an estimated 2.1% negative impact in Q3 due to the shift of Durga Puja festivities to the second quarter this year.

As per the company’s exchange filing, it opened 29 gross new stores during the quarter without any closures, taking total additions in the first nine months to 80 stores. The expansion drive remained focused on key markets including Kerala, Gujarat and Maharashtra.

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