Part of V-Mart Retail
V-Mart Retail
V-Mart Retail is expanding fast, with Q1 FY27 revenue of ₹1,088.8 crore (IMAGES Business of Fashion, 17 Aug), and its 600th store opened in Patna (Apparel Resources India, 12 Aug). Oil-linked input costs are pushing it to raise prices on selected products by 2%-5% over the next one to six months (NDTV Profit, 27 Aug).
What it means
V-Mart Retail's scale now pays for itself: room for new stores and sharper entry prices.
Reported: Net profit +40.5% on revenue +23% in Q1 FY27.
Watch: Q2 FY27 results, expected late Oct — net profit growth drops below revenue growth.
Before its next results, expected late Oct:Before then:
- Affected
- Trent — facing a better-funded V-Mart RetailDo now: By late Oct: defend your strongest catchments: it has profit to spend where it competes with you.
- Apparel vendors and fabric mills across its 591 stores () — a stronger buyer at the tableDo now: By late Oct: expect firmer terms from it; lock volumes and prices.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Footprint: where V-Mart Retail opened
1 store opening in 1 city on record since May 2026; 1 announced plan.
Background
From 7 stories, the newest dated 9 Oct 2026. Summary written 10 Oct 2026.
Show 3 paragraphs and 7 sources
V-Mart Retail is an Indian value-fashion retailer with 600+ stores. Its strategy centres on private labels, faster design-to-shelf cycles, fabric planning, localized assortments and tighter inventory. [1] source: IMAGES Business of Fashion Apparel made up 79% of FY26 revenue, which reached ₹3,789 crore. [1] source: IMAGES Business of Fashion The private-label share of apparel sales was 64% in FY25. [1] source: IMAGES Business of Fashion
Q1 FY27 revenue was ₹1,088.8 crore, up 23%, with same-store sales growth of 9%. [1] source: IMAGES Business of Fashion In the July-September quarter, total revenue grew 18% and same-store sales rose 3%. V-Mart held prices while other apparel retailers raised them by 10% to 15%. [2] source: CNBC-TV18 NDTV Profit put its Q2 revenue at Rs 953 crore. [3] source: NDTV Profit In August 2026, V-Mart planned 2%-5% price increases on selected products over six months to offset input-cost pressure. [4] source: NDTV Profit In October 2026 it was reported to be eyeing a 3% to 5% apparel price hike in Q3FY27. [5] source: Indian Retailer[2] source: CNBC-TV18 Its market capitalisation was ₹6,296.40 crore. [2] source: CNBC-TV18
CFO Anand Agarwal discussed the price plan. [2] source: CNBC-TV18 V-Mart is among the retailers that reported margin pressure from minimum-wage hikes across more than 15 states. [6] source: ET Small Business Vishal Mega Mart and V2 Retail appear alongside V-Mart in value-fashion coverage. [3] source: NDTV Profit[7] source: Financial Express
Sources
Questions about V-Mart Retail
How many V-Mart Retail stores are there?
V-Mart Retail had 600+ stores, as reported in August 2026. [1] source: IMAGES Business of Fashion
How fast is V-Mart Retail growing in India?
V-Mart Retail reported total revenue growth of 18% and same-store sales growth of 3% for the July-September quarter, reported in October 2026. In Q1 FY27 its revenue was ₹1,088.8 crore, up 23%. [2] source: CNBC-TV18[1] source: IMAGES Business of Fashion
What is V-Mart Retail's current strategy in India?
V-Mart Retail planned 2%-5% price increases on selected products over six months in August 2026 to offset input-cost pressure. It held prices through the July-September quarter and in October 2026 was reported to be eyeing a 3% to 5% hike in Q3FY27. Its store strategy centres on private labels and localized assortments. [4] source: NDTV Profit[2] source: CNBC-TV18[5] source: Indian Retailer[1] source: IMAGES Business of Fashion
Who are V-Mart Retail's main competitors?
V-Mart Retail is covered alongside Vishal Mega Mart and V2 Retail among value-fashion retailers. In August 2026 Motilal Oswal set a Rs 975 target for V-Mart, implying roughly 13% upside, and a Rs 165 target for Vishal Mega Mart, implying nearly 50% upside. [7] source: Financial Express
More stories about V-Mart Retail
- Q2 FY25 earnings deluge: V-Mart, Marico, Vedant Fashions report alongside Reliance, HUL, ITC
- V-Mart, Marico, Devyani among 80+ firms reporting Q1FY25 earnings on Aug 5
Stories that mention V-Mart Retail
3 stories
V-Mart Retail is named in these stories but is not their subject.