Vishal Mega Mart shares jump 5% a day after promoters sold Rs 10,500 crore stake via block deal
(VMM) shares rose 5% to Rs 133.1 in Wednesday's intraday trade on the BSE, a day after the company's promoter, Samayat Services LLP, sold a 20% equity stake via a
block deal
.
According to media reports, around 91 crore shares worth Rs 10,488 crore changed hands at Rs 115 per share.
On Tuesday, the stock had closed at Rs 126.95, up 1.6%.
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As of March 31, 2025, Samayat Services held a 74.55% stake in the company.
The mid-cap company, with a market capitalisation of Rs 59,560 crore, was listed on December 18, 2024.
Vishal Mega Mart shares
have surged 21% in 2025, so far outperforming Sensex, which has delivered 4.12% returns on a year-to-date basis.
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Vishal Mega Mart is a diversified
retail company in India
, primarily operating as a hypermarket chain. Their core business revolves around providing a wide range of products at affordable prices to middle and lower-middle-income groups. They offer products under categories like apparel, general merchandise and Fast-Moving Consumer Goods (FMCG), including groceries, personal care items and household essentials.
The retail chain reported an 88% year-on-year (YoY) rise in net profit to Rs 115.1 crore for the March 2025 quarter, compared with Rs 61.2 crore in the same quarter last year.
Revenue from operations rose 23.2% to Rs 2,547.9 crore in Q4 FY25, up from Rs 2,068.9 crore in Q4 FY24. Operating performance also improved, with EBITDA climbing 42.6% to Rs 357 crore from Rs 250.5 crore in the year-ago period.
EBITDA margin expanded to 14% in the reporting quarter, compared with 12.1% a year earlier. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.
According to Trendlyne, the average target price for Vishal Mega Mart is Rs 130, indicating an upside of nearly 2% from current levels. Among the seven analysts tracking the stock, the consensus rating is 'Buy'.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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