Vishal Mega Mart shares sink 8% as Q2 margin takes a hit despite profit growth
60-Word AI Digest
Vishal Mega Mart shares fell sharply on Wednesday after the retailer reported a 110-basis-point year-on-year contraction in EBITDA margin to 12.1% in Q2FY27. Net profit rose 3.7% to Rs 157.9 crore, while revenue increased 14% to Rs 3,398.5 crore. The company attributed margin pressure to a shift in festival timing.
Key Takeaways
- Vishal Mega Mart shares fell sharply on Wednesday after the retailer reported a 110-basis-point year-on-year contraction in EBITDA margin to 12.1% in Q2FY27.
- Net profit rose 3.7% to Rs 157.9 crore, while revenue increased 14% to Rs 3,398.5 crore.
- The company attributed margin pressure to a shift in festival timing.
Vishal Mega Mart shares fell sharply on Wednesday after the retailer reported a 110-basis-point year-on-year contraction in EBITDA margin to 12.1% in Q2FY27. Net profit rose 3.7% to Rs 157.9 crore, while revenue increased 14% to Rs 3,398.5 crore. The company attributed margin pressure to a shift in festival timing.
Original Publisher Attribution
This summary was curated from Economic Times.