The quarter witnessed a shift in sales owing to a larger share of Durga Puja festivities falling in Q2 in the current year, compared with the previous year.
Same-store sales growth (SSSG) remained flat during the quarter, with V-Mart reporting nil growth, while Unlimited, the fashion retail chain acquired from Arvind Fashions in 2021, recorded a 2% increase.
During the quarter, the company opened 23 and closed 2 stores. This brings year-to-date (YTD) additions to 63 and closures to 6, resulting in a total operating portfolio of 554 stores as at Q3 end.
The 23 new stores include 5 stores in Uttar Pradesh, 4 stores in Gujarat, 3 stores Bihar, 2 stores each in Haryana, Madhya Pradesh & Tamil Nadu, and 1 store each in Delhi, Chhattisgarh, Uttarakhand, Jharkhand and Punjab.
V-Mart operates a chain of value retail stores across multiple Indian cities. The company reported standalone net loss of Rs 8.87 crore in Q2 FY26 compared with net loss of Rs 56.51 crore in Q2 FY25. Net sales surged 22.1% YoY to Rs 806.87 crore in Q2 FY26.