Vishal Mega Mart

Vishal Mega Mart is a listed Indian value-fashion retailer that operates 833 stores. [1] source: Financial Express[2] source: Financial Express Its private-label penetration is high, according to Jefferies. [3] source: Financial Express It has launched a premium apparel format, Belong & Co., in Delhi. [4] source: Mint Motilal Oswal noted that the promoter and PE holders own about 40% of the company. [5] source: NDTV Profit

In September 2026 Vishal Mega Mart outlined a path from 833 stores to about 2,000, with 100-plus annual openings in its existing format. [6] source: Business Today It is testing smaller formats in Uttar Pradesh and Haryana towns of 40,000-50,000 population. [1] source: Financial Express The pilot involves 4-5 openings per quarter. [6] source: Business Today Jefferies sees a long-term opportunity of around 4,000 stores including smaller formats. [3] source: Financial Express Jefferies retained Buy with a Rs 160 target, implying 54% upside. [3] source: Financial Express Motilal Oswal reiterated Buy with a Rs 135 target and sees scope for 1,200 additional large-format stores. [5] source: NDTV Profit Motilal Oswal said the company's margin expanded around 25 bps in Q1 FY27. [2] source: Financial Express Vishal Mega Mart also cited cost pressure from minimum-wage increases in September 2026. [7] source: Financial Express

Gunender Kapur is Founder, MD and CEO, and the company extended his tenure by five years in September 2026. [8] source: NDTV Profit V-Mart and V2 Retail also cited wage-cost pressure. [7] source: Financial Express Motilal Oswal sees nearly 50% upside for Vishal Mega Mart and about 13% for V-Mart. [2] source: Financial Express