V-Mart Retail Surges Over 12% After Strong Q2FY26 Updates

On Friday, October 3, shares of V-Mart Retail Ltd surged sharply after the small-cap retailer released a strong provisional earnings report for the second quarter of FY26. The company's revenue growth and plans to expand stores fueled optimism among investors, which helped the stock rise more than 12% intraday.

Stock Market Performance

On the BSE, V-Mart Retail shares surged as much as 12.6% to Rs. 816.40 per share, their largest single-day uptick in months. The surge was backed by a high volume of trading, with nearly 26 lakh shares changing hands compared to an average of 63,000 shares over the past week and an average of 2 lakh shares over the past month.

By late morning, around 12:20 AM, the stock was still holding firm, up 7.70% at Rs. 780.15 apiece.

Q2FY26 Business Update

V-Mart Retail has reported a 22% year-on-year rise in consolidated revenue from operations for the quarter ended September at Rs. 807 crore compared to Rs. 661 crore in the same quarter last year.

The Same Store Sales Growth (SSSG) was +11% for the quarter, for both the flagship stores under the V-Mart brand (+11%) and for Unlimited brand outlets (+11%), showing consistent growth and an improvement in demand across its retail assets.

During the quarter, the company stayed on its expansion track by opening 25 new stores and closing two failing stores. As of September 30, 2025, V-Mart had a total of 533 stores. 

The new stores were located across the country, reflecting a move into tier-II and tier-III cities. The rollout included five outlets in Karnataka, four each in Uttar Pradesh and Bihar, two each in West Bengal and Jharkhand, and one store each in Jammu & Kashmir, Odisha, Rajasthan, Telangana, Uttarakhand, Chhattisgarh, Andhra Pradesh, and Meghalaya.

Long-Term Share Price Trends

While Friday’s surge provided relief to investors, V-Mart’s share price performance has been mixed over different time frames:

• 1-month: up over 6%

• Year-to-date (YTD): down 18%
  

• 1-year: down 28%

• 10-year: strong gains (over 550%)

Despite short-term volatility, the stock has delivered impressive long-term returns, with a 60% rally at one point in the past year.

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Outlook

Analysts say that V-Mart's strategy to increase its footprint, particularly in less developed areas, combined with stable same-store growth, may bolster its long-term growth potential. Margin pressures, as well as competitive intensity in the retail environment, are complementary risks.

For now, V-Mart's healthy Q2 update has injected optimism in the stock, and Friday's price movement and rally reflect renewed investor confidence in this growth story.