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Vishal Mega Mart's highest share price target implies 17% upside on growth potentialDespite a soft industry demand environment, Vishal Mega Mart has been able to drive same-store sales growth on a daily basis, brokerage firm Jefferies said.By Meghna Sen   September 23, 2025, 10:56:50 AM IST (Published)2 Min ReadBrokerage firm Jefferies has maintained its 'Buy' recommendation on hypermarket chain Vishal Mega Mart Ltd., with a price target of ₹175 per share. This target implies a potential upside of 17% from Monday's closing levels.

Despite a soft industry demand environment, Vishal Mega Mart has been able to drive same-store sales growth on a daily basis, the brokerage said.

According to Jefferies, visibility remains high with plans to add more than 80 stores per year, and a pilot program is underway for smaller store formats in towns with populations of fewer than 50,000.

Vishal Mega Mart continues to maintain leadership in entry-level price points and offers a high-quality private-label portfolio, the brokerage added.

For the June quarter, Vishal Mega Mart reported results that were higher on a year-on-year basis.

Revenue for the quarter increased by 21% from last year to ₹3,140 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose by 25.6% year-on-year to ₹459 crore.

EBITDA margin for the quarter rose by 60 basis points from last year to 14.6%. Margins for the quarter expanded despite higher other expenses, employee benefit expenses and finance costs. Gross profit margin for the quarter expanded by 20 basis points to 28.4% from 28.2% last year.

Net profit for the period surged by 37.3% from last year to ₹206 crore. Profit for the period was aided by a higher other income, which grew to ₹17 crore from ₹7.7 crore last year.

Same store sales growth stood at 10.5% year-on-year, while on an adjusted basis, that figure stood at 11.4%.

At the current market level, the stock is nearly double of its IPO price at ₹78 per share. The stock listed in December last year.

12 analysts have coverage on Vishal Mega Mart, of which eight of them have a 'Buy' rating, three say 'Hold' and one has a 'Sell' recommendation.

Shares of Vishal Mega Mart are currently trading 0.20% higher, having cooled off from opening highs at ₹149.32.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayVishal Mega Mart