V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q4 FY2026 Earnings Presentation
31 slides from V-mart Retail's earnings presentation, May 7, 2026
Slide 1: Exchange filing cover letter: Presentation to Analysts/Investors
Ref. No. CS/S/L-963/2026-27 7th May, 2026 To: To: The Listing Department The Corporate Relationship Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED THE BSE LTD “Exchange Plaza” Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (E ), Mumbai – 400 051 Scrip Cod
Slide 2: V-Mart Retail Limited Investor Presentation Q4FY26
V-Mart Retail Limited Investor Presentation Q4FY26 www.vmart.co.in / www.limeroad.com
Slide 3: Disclaimer
This presentation by V-Mart Retail Limited (“V-Mart”) does not constitute a prospectus, placement memorandum, or an offer to acquire any securities. It should not be deemed an offer in any form. No representation or warranty, express or implied, is made regarding the fairness, accuracy, completeness
Slide 4: Q4FY26 Key Performance Highlights
Q4FY26 Key Performance Highlights Financial Parameters Operational Parameters
Slide 5: Key Highlights: Q4FY26 vs Q4FY25
Key Highlights: Q4FY26 vs Q4FY25 ▪ Revenue Growth : 24% YoY ▪ Memo Growth : 21% YoY ▪ Footfall Growth : 47% YoY ▪ Same Store Sales Growth : 12% (V-Mart: 12%, Unlimited: 9%) ▪ Total Stores : 577 (V-Mart : 478, Unlimited : 99) • Stores Opened : 29 (V-Mart: 25, Unlimited: 4) • Stores Closed : 6 (V-Mart
Slide 6: Financial Parameters
Financial Parameters Revenue from operations (₹ Millions) Revenue Mix (%) Q4 FY'25 Q4 FY'26 Q4 FY'25 Q4 FY'26 24%▲ 78% 78% 25%▲ 9,709 7,800 8,163 6,556 28%▲ 12%▼ 11% 11% 11% 11% 1,164 1,487 234 205 Total V-Mart Unlimited LimeRoad NMV* Apparel Non-Apparel FMCG * LimeRoad Commission Income is ₹ 99 Mn
Slide 7: Operational Parameters
Operational Parameters Same Store Sales Growth (SSSG) (%) Same Store Volume Growth (SSVG) (%) Q4 FY'25 Q4 FY'26 Q4 FY'25 Q4 FY'26 11% 12% 12% 10% 10% 10% 10% 9% 8% 8% 8% 7% Total V-Mart Unlimited Total V-Mart Unlimited Footfall (Millions) & Memo (Millions) Average Selling Price (ASP) (₹) 1%▼ Footfal
Slide 8: Key Highlights: FY26 vs FY25
Key Highlights: FY26 vs FY25 ▪ Revenue Growth : 16% YoY ▪ Memo Growth : 18% YoY ▪ Footfall Growth : 22% YoY ▪ Same Store Sales Growth : 5% (V-Mart: 5%, Unlimited: 5%) ▪ Total Stores : 577 (V-Mart : 478, Unlimited : 99) • Stores Opened : 92 (V-Mart: 74, Unlimited: 18) • Stores Closed : 12 (V-Mart: 8,
Slide 9: Financial Parameters
Financial Parameters Revenue from operations (₹ Millions) Revenue Mix (%) 16%▲ FY'25 FY'26 FY'25 FY'26 79% 79% 37,894 17%▲ 32,539 31,644 27,063 18%▲ 25%▼ 5,071 6,002 10% 10% 11% 11% 1,096 819 Total V-Mart Unlimited LimeRoad NMV* Apparel Non-Apparel FMCG *LimeRoad Commission Income is ₹ 372 Mn (FY25
Slide 10: Operational Parameters
Operational Parameters Footfall (Millions) Memo (Millions) 38 90 73 32 22%▲ 18%▲ FY'25 FY'26 FY'25 FY'26 Average Transaction Size (₹) Average Selling Price (ASP) (₹) FY'25 FY'26 5%▼ 3%▼ 6%▼ 2%▲ 3%▲ 1,746 1%▼ 1,658 0%▲ 1%▼ 0%▲ 1,045 1,033 977 965 233 216 400 362 347 441 Total V-Mart Unlimited Total V
Slide 11: Operational Parameters
Operational Parameters Store Count (Nos) Tier Wise Sales per square feet (Per Month) (₹) 16%▲ FY'25 FY'26 FY'25 FY'26 577 2%▼ 3%▲ 7%▲ 3%▲ 497 9%▲ 13%▲ 728 776 758 735 710 690 691 711 702 643 304 21%▲ 269 6%▲ 32%▲ 110 133 56 74 62 66 Total Tier 1 Tier 2 Tier 3 Tier 4 Total Tier 1 Tier 2 Tier 3 Tier 4
Slide 12: Operational Parameters
Operational Parameters Same Store Sales Growth (SSSG) (%) Same Store Volume Growth (SSVG) (%) FY'25 FY'26 FY'25 FY'26 14% 11% 12% 9% 9% 9% 9% 5% 5% 5% 4% 4% Total V-Mart Unlimited Total V-Mart Unlimited Inventory (Days of Sales) Provision for aged Inventory including shrinkage * FY'25 FY'26 1.1% 5%▼
Slide 13: Operating Expenses
Operating Expenses Manpower (₹ Millions) Power & fuel (₹ Millions) 9%▲ FY'25 FY'26 14%▲ FY'25 FY'26 11%▲ 1,321 15%▲ 3,949 3,634 1,164 3,193 1,068 2,874 927 15%▲ 7%▲ 37%▼ 18%▼ 539 618 236 252 221 138 1 1 Total V-Mart Unlimited LimeRoad Total V-Mart Unlimited LimeRoad Advertisement (₹ Millions , % to
Slide 14: Navy Jeans
Navy Jeans 3599 Now Available on LimzeRo From Friday to Forever YOUR SPRING “Ate PRINTED BLOSSOM! Ya.) poeae) Ress 2499 nw 7
Slide 15: LimeRoad: Loss reduced by 56% YoY, NMV reduced by 12%
LimeRoad: Loss reduced by 56% YoY, NMV reduced by 12% NMV and EBITDA (₹ Millions) YOY NMV growth 12%▼ 480 430 YOY EBITDA Loss reduction 56%▼ 140 380 120 234 235 330 100 280 188 192 205 80 230 60 68 180 40 130 46 20 35 80 30 23 30 0 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 NMV EBITDA Loss V-Mart’s Sale Mix
Slide 16: Q4 FY26 Statements
Q4 FY26 Statement of Profit & Loss Balance Sheet Cash flow Statement 15
Slide 17: Statement of Profit & Loss (Q4)
Statement of Profit & Loss (Q4) Post Ind AS 116 Pre Ind AS 116 ₹ Millions Q4 FY26 Q4 FY25 YOY Q4 FY26 Q4 FY25 YOY Particulars (Audited) (Audited) % (Audited) (Audited) % Revenue from operations 9,709 7,801 24% 9,709 7,801 24% COGS 6,588 5,219 6,588 5,219 Gross Profit 3,121 2,582 21% 3,121 2,582 21%
Slide 18: Statement of Profit & Loss (FY)
Statement of Profit & Loss (FY) Post Ind AS 116 Pre Ind AS 116 ₹ Millions FY26 FY25 YOY FY26 FY25 YOY Particulars (Audited) (Audited) % (Audited) (Audited) % Revenue from operations 37,894 32,539 16% 37,894 32,539 16% COGS 24,862 21,297 24,862 21,297 Gross Profit 13,031 11,241 16% 13,031 11,241 16%
Slide 19: Ind-AS 116: P&L Impact
Ind-AS 116 : P&L Impact ₹ Millions FY26 FY25 Pre-Ind Increased/ Post-Ind Pre-Ind Increased/ Post-Ind Particulars AS 116 (Decreased) AS 116 AS 116 (Decreased) AS 116 Other Expenses* 6,725 -2,776 3,949 6,184 -2,347 3,836 EBITDA 2,358 2,776 5,134 1,424 2,347 3,771 Finance Cost 274 481 755 240 1,125 1,3
Slide 20: Balance Sheet
Balance Sheet ₹ Millions As At As At Particulars March 31, 2026 March 31, 2025 Particulars March 31, 2026 March 31, 2025 (Audited) (Audited) (Audited) (Audited) EQUITY AND LIABILITIES ASSETS Equity Property, plant and equipment 5,836 5,274 Equity share capital* 795 198 Capital work-in-progress 83 43
Slide 21: Cash Flow Statement
Cash Flow Statement ₹ Millions FY26 FY25 Particulars Free Cash Flow FY26 FY25 (Audited) (Audited) (A) Cash flows from Operating activities Net cash flow from operating activities (A) 5,034 3,494 IndAS 116 adjustment (B) (2,844) (2,347) Profit/ (Loss) before Income Tax 1,548 440 Pre IndAS 116 Net cas
Slide 22: Key Financial Ratios
Key Financial Ratios S. No. Key Ratios Formula UOM FY'26 FY'25 YoY Δ PROFITABILITY 1 Net Profit Margin Net Profit ÷ Revenue from Operations (%) 3.3% 0.6% +2.7% 2 Operating Profit Margin EBIT ÷ Revenue from Operations (%) 6.1% 5.5% +0.5% 3 EBITDA Margin EBITDA ÷ Revenue from Operations (%) 13.6% 11.6
Slide 23: Q4 FY26 Store Geographical Spread, Other Significant Updates
Q4 FY26 Store Geographical Spread Other Significant Updates 22
Slide 24: Cluster Based Expansion - New Stores Additions (Q4 FY26)
Cluster Based Expansion - New Stores Additions (Q4 FY26) TOTAL 29 UTTAR PRADESH 11 1 BIHAR 3 WEST BENGAL 3 1 TAMIL NADU 3 1 RAJASTHAN 3 11 JHARKHAND 2 3 3 CHHATTISGARH 1 2 3 JAMMU AND KASHMIR 1 UTTARAKHAND 1 1 PUDUCHERRY 1 Total 29 Tier 1 9 Tier 2 4 1 3 Tier 3 13 Tier 4 3 Powered by Bing © GeoNames,
Slide 25: Total Stores as on 31st March 2026
Total Stores as on 31st March 2026 STATE FY26 FY25 UTTAR PRADESH 176 155 BIHAR 82 70 TAMIL NADU 38 30 11 JHARKHAND 33 28 RAJASTHAN 33 29 1 WEST BENGAL 24 21 5 KARNATAKA 19 17 20 5 UTTARAKHAND 20 15 5 2 MADHYA PRADESH 17 16 TELANGANA 18 16 33 176 14 2 1 GUJARAT 17 12 82 2 ASSAM 14 15 ORISSA 15 13 17
Slide 26: New Stores Opened
New Stores Opened Rajasthan Uttar Pradesh Uttarakhand Tamil Nadu 25
Slide 27: Awards & Recognition
Awards & Recognition “Triple Crown” of governance ICSI Award (2024) Golden Peacock Award (2022) Silver Award for Excellence in Financial Reporting (2025) 26
Slide 28: Awards & Recognition
Awards & Recognition The LACP (League of American Communications Professionals) is an international organisation that recognises excellence in corporate communications and annual reporting. Platinum Award: Recognised for Global Ranking: Ranked 19th among Technical Achievement Award: excellence in an
Slide 29: ESG
ESG 11,750+ 1.4 Cr ~14000 30% A1+ 50% Sampling planted Polybag reduced Total Employees Women Representation Short Term Credit Rating Board comprises ID Environment Social Governance • Achieving ~90% carton reuse across • Total employee base expanded to • Supplier Due Diligence: ~300 operations ~1400
Slide 30: ESG
ESG Explore our comprehensive ESG profile and learn Current ESG Ratings about V-Mart’s commitment to sustainability and ethical practices by visiting our ESG World ESG Rating Rating / Category As of What does it means page on our website: Agency Score Click Here to visit our ESG World Page Strong ri
Slide 31: Thank you
Thank you www.vmart.co.in / www.limeroad.com For further information, please contact: Suraj Rathor : suraj.rathor@vmartretail.com ir_vmart@vmartretail.com 30