V-Mart Retail Q2 FY27 Results: Standalone Net Loss ₹16.34 Crore on Total Income of ₹956 Crore
- Earnings
- Retail
Reviewed byRachit TripathiBlacklitt Research
V-Mart Retail (NSE: VMART) reported a standalone total income of ₹955.67 crore and a net loss of ₹16.34 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. The company has no subsidiary, so no consolidated results were presented.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹955.67 crore, up 17.9% YoY and down 12.4% QoQ
- Net profit: Loss of ₹16.34 crore; EPS basic ₹-2.06 against ₹-1.12 a year earlier
- Finance costs: ₹20.69 crore, up 18.6% YoY and 4.4% QoQ
- Depreciation: ₹88.75 crore, up 24.8% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 956 | 810 | +17.9% | 1,091 | -12.4% | |
| Revenue from operations | 953 | 807 | +18.1% | 1,089 | -12.5% |
| Other income | 3 | 3 | -21.9% | 3 | +1.1% |
| -16 | -9 | -84.2% | 47 | n/a | |
| Profit before tax | -21 | -14 | -52.1% | 60 | n/a |
| Finance costs | 21 | 17 | +18.6% | 20 | +4.4% |
| Depreciation | 89 | 71 | +24.8% | 84 | +5.7% |
| Tax expense | -4 | -5 | +8.0% | 12 | n/a |
| Net profit margin | -1.71% | -1.09% | -0.62 pp | 4.33% | -6.04 pp |
| EPS, basic (₹) | -2.06 | -1.12 | -83.9% | 5.94 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The quarter shows a loss while income grew. Total income rose 17.9% year on year, but the company moved from a loss of ₹8.87 crore in the year-earlier quarter to a loss of ₹16.34 crore, a 84.2% larger loss, and the loss before tax widened from ₹13.61 crore to ₹20.70 crore.
Depreciation of ₹88.75 crore rose 24.8% and finance costs of ₹20.69 crore rose 18.6%, so these two lines grew faster than income. Finance costs are 2.2% of total income this quarter. Other income of ₹2.68 crore is 0.3% of total income, and its share of the business is small.
Against the preceding quarter, total income fell 12.4% and the company moved from a net profit of ₹47.21 crore to a net loss. The filing does not give a reason for this change.
The notes say the Labour Codes impact of ₹1.19 crore was shown as an exceptional loss in the year ended 31 Mar 2026, and that prior periods have been reclassified, regrouped or restated where necessary. The statutory auditor S.R. Batliboi & Co. LLP issued a limited review report that reports no material misstatement.
Inference
The company approved a final dividend of ₹1 per equity share for FY2025-26 at its AGM on 30 Jul 2026, and paid ₹7.95 crore. Employee stock option exercises allotted 27,388 shares in the quarter and 89,713 shares in the prior quarter. The Board also approved reclassifying two promoter group members, Raghav Agarwal and Ditya Agarwal, who each hold no shares, to the Public category, subject to stock exchange approval. The filing does not say whether those approvals have been received, and it does not give a reason for the quarter's loss.
Filed with BSE on . Reference: Original filing (PDF)
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