Slides
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Kottakkal, Kerala Performance Highlights Q2FY26 and H1FY26 Vishal Mega Mart Limited
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14,203 17,344 1 2 13,799 16,418 14,014 17,252 22,448 27,463 1 2 7,237 8,548 7,053 8,674 10,039 12,569 2,724 3,772 1,160 1,617 1,884 2,529 4,310 5,773 6,872 8,431 Revenue from Operations1 & Revenue Contribution (%) Gross Profit & Margin % Adjusted EBITDA3 & Margin % Adjusted PAT4 & Margin % (₹m) Margin - Financial Highlights Q2FY25 Q2FY26 Apparel General Merchandise FMCG Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 7.7%28.2% 28.3% 8.5% 4.8% 5.4% 26.9%53.0% 52.7% 26.9% H1FY25 H1FY26 H1FY25 H1FY26H1FY25 H1FY26 24,362 29,815 Apparel General Merchandise FMCG 8.6%28.2% 28.3% 9.4% 5.4% 6.2% 1 Q2FY26H1FY26 41% 29% 30% 42% 29% 29% 45% 28% 27% 45% 28% 27% Notes: Figures have been rounded to the nearest integer or one decimal place. 1. Revenue from operations; includes other operating income (not shown separately on the chart). Percentage figures in chart rep resent sales contribution to revenue from each category. 2. SSSG here is Adjusted SSSG calculated as the growth in net revenue of all stores that have been operational for at least 1 5 months at the beginning of each quarter during the year, adjusted to exclude stores which are temporarily non -comparable with base due to refurbishment, cannibalization, area reduction, or any such event which may make it incomparable with base. 3. Adjusted EBITDA is EBITDA pre-ESOP charges and pre-INDAS 116. 4. Adjusted PAT is PAT pre-ESOP charge 50,325 61,218 H1FY26H1FY25 Margin -SSSG 2 - 12.8% SSSG 2 - 12.1%
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Q2FY26 31.6% 37.6% 22.6% 8.2%26.4% 73.6% Operational Highlights Revenue Across Region2 East North South West Sales of Products 1 From Third-Party Brands From Own Brands Q2FY26 2 Notes: 1. Split of Revenue excludes other operating revenues which constituted 0.08% and 0.14% of total revenue from operatio ns for Q2FY26 and H1FY26 respectively. 2. East includes North East; West includes Central. H1FY26 H1FY26 Q2FY26 25.2% 74.7% 611 626 645 668 696 717 742 16 19 23 32 23 28 F Y 2 4 E X I T Q 1 F Y 2 5 Q 2 F Y 2 5 Q 3 F Y 2 5 Q 4 F Y 2 5 Q 1 F Y 2 6 Q 2 F Y 2 6 Stores as at period end Gross Store Additions Accelerated Store Additions # Store Closures -1 0 -4 -20 -3 30.0% 40.1% 21.7% 8.2% H1FY26
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3Notes:. 1. Net New Store Addition for Q2FY26 is 25 and for H1FY26 is 46. 2. Tier 1: Cities with population greater than 1m , Tier 2: Cities with population 200k to 1m , Tier 3: Cities with population less than 200k ( as per 2011 census. 3. East includes North East; West includes Central. 4. 28 States and 2 Union territories 742 # Stores 30 # States / UT4 493 # Cities 12.76m Retail sq. ft. Pan-India network of stores Region3 -wise Store footprint, Sept-25 end 189 69 193 291 As at Sep’25Tier wise Store count2 196 185 361 Tier I Tier III Sept-25 end East South West North Tier II 28 Gross1 New stores added in Q2FY26 and 51 in H1FY26
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4 Notes: 1. Mobile-based loyalty program which consumers can enrol to accrue and redeem points on all transactions and receive tar geted marketing communications. A registered customer on loyalty program is a customer identified by the unique mobile number provided at the time of invoicing by Vishal Mega Mart stores. Such person is considered as a customer registered under our Lo yalty program irrespective of whether he or she has made any future purchase(s) or claimed any benefit under our Loyalty program . #loyalty customers as at 30 th Sept 2025. 2. Revenue from Registered Loyalty customers to Gross Revenue (Revenue including GST) for Q2FY26 Large and loyal consumer base Healthy growth in Loyalty ~157 m 17% Registered Loyalty1 Customers ~95% Revenue2 from Loyalty customers Q2FY26 & Growth Y oY Earn & Redeem points: Offering tangible value on every purchase Omni-Channel Flexibility: Earn rewards in-store and redeem them online Privacy-First Approach: Become a loyal member with just phone number Consent-Led Enrolment: Freedom to opt-in or opt-out at any time. Smarter Personalized Engagement Loyalty Program allows us to create targeted promotions that drive cross-selling and up-selling of products
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5 New offers everyday, new collection every season Earn points on every order Hassle-free express doorstep delivery and store pickup facility available Secure payment options, flexible return and exchange policy 695 16% Stores with hyperlocal delivery ~11 m 60% # registered users 460 18% Cities covered Consistent Progress in Quick Commerce platform Q2FY26 & Growth Y oY Easy access to available products at nearest store offered through our website and mobile application New User-friendly Interface
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Media and Promotion Campaigns (1/2) 6
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Media and Promotion Campaigns (2/2) 7
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Notes: Figures have been rounded to the nearest integer or one decimal place. SSSG here is Adjusted SSSG calculated as the gr owth in net revenue of all stores that have been operational for atleast 15 months at the beginning of each quarter during the period, adjusted to exclude stores which are temporarily non -comparable with base due to refurbishment, cannibalization, area reduction, or any such event which may make it incomparable with base. Q2FY26 & H1FY26: Consolidated Financial Performance 8 (₹m) Profit and Loss Metrics Q2 FY26 % to Revenue from Ops Q2 FY25 % to Revenue from Ops Growth vs Q2 FY25 H1 FY26 % to Revenue from Ops H1 FY25 % to Revenue from Ops Growth vs H1 FY25 Revenue from operations 29,815 24,362 22.4% 61,218 50,325 21.6% Adjusted SSSG 12.8% 13.5% 12.1% 12.6% Other Income 202 132 372 209 Total Income 30,017 24,494 22.5% 61,590 50,534 21.9% Cost of Goods Sold 21,384 17,490 43,874 36,122 Gross Profit 8,431 28.3% 6,872 28.2% 22.7% 17,344 28.3% 14,203 28.2% 22.1% Employee Benefit Expense 1,761 1,525 3,472 3,024 Other Expenses 2,724 2,322 5,334 4,499 EBITDA 3,946 13.2% 3,025 12.4% 30.5% 8,537 13.9% 6,680 13.3% 27.8% Depreciation & Amortization 1,691 1,405 3,282 2,789 Finance Cost 412 342 824 684 Profit Before Tax 2,044 6.9% 1,409 5.8% 45.1% 4,803 7.8% 3,416 6.8% 40.6% Profit After Tax 1,523 5.1% 1,040 4.3% 46.5% 3,584 5.9% 2,541 5.0% 41.0% ESOP expense 126 163 252 246 INDAS 116 impact on EBITDA (Rent) 1,543 1,304 3,017 2,616 Adjusted EBITDA (pre-INDAS116 and pre-ESOP charges) 2,529 8.5% 1,884 7.7% 34.2% 5,773 9.4% 4,310 8.6% 33.9% Adjusted Profit after tax (pre-ESOP charges) 1,617 5.4% 1,160 4.8% 39.4% 3,772 6.2% 2,724 5.4% 38.5% Consolidated Profit and Loss Statement
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Safe Harbor 9 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vishal Mega Mart Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company.
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Nandyal, Andhra Pradesh Thank you Company: Vishal Mega Mart Limited CIN: L51909HR2018PLC073282 Mr. Rahul Luthra, Company Secretary & Compliance Officer Email id: secretarial@vishalwholesale.co.in Tel No: +91 124- 4980000 Investor Relations Advisors: Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Devika Shah / Shikha Puri Email id: devika.shah@sgapl.net / shikha.puri@sgapl.net Tel No: +91 9920764659 / +91 9819282743 Thank Y ou