• Q1 FY27 performance: V-Mart reported a 23% revenue growth and a 27% rise in EBITDA with margins expanding to 14.8%, supported by 9% same-store sales growth and a 40% increase in footfalls.
• On-ground demand trends: Consumer demand remains strong across South, West, and core markets like UP, Bihar, and West Bengal, driven by internal product adjustments and improved store offerings in tier 2, 3, and 4 regions.
• Inventory rationalization: The company is targeting a reduction in inventory days from 84–85 to around 75 over the long term, having already lowered turnaround times by 2–3 days, reduced per-store inventory by 5% to 6%, and brought working capital utilization to near nil.
• Full-year guidance: Management maintained its full-year revenue growth target of 15% to 20% and same-store sales growth guidance in the mid-to-high single digits, noting that any real impact of rainfall deficits will become visible during the September–October harvest season.