Integrated Filing — IndAS



General information about company

Scrip Code 534976
NSE Symbol VMART
MSEI Symbol NOTLISTED
ISIN INE665J01013
Name of company V-MART RETAIL LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 22-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 22-01-2026   13:35:00
End date and time of board meeting 22-01-2026   14:05:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 1,12,638.00 2,81,847.00
Other income 396.00 1,032.00
Total income 1,13,034.00 2,82,879.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 62,369.00 1,78,934.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 9,539.00 3,811.00
(d) Employee benefit expense 10,178.00 29,435.00
(e) Finance costs 2,055.00 5,624.00
(f) Depreciation, depletion and amortisation expense 7,789.00 21,691.00
(f) Other Expenses
1 Other Expenses 9,602.00 28,949.00
Total other expenses 9,602.00 28,949.00
Total expenses 1,01,532.00 2,68,444.00
3 Total profit before exceptional items and tax 11,502.00 14,435.00
4 Exceptional items (211.00) (211.00)
5 Total profit before tax 11,291.00 14,224.00
6 Tax expense
7 Current tax 2,270.00 2,513.00
8 Deferred tax 222.00 439.00
9 Total tax expenses 2,492.00 2,952.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 8,799.00 11,272.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 8,799.00 11,272.00
17 Other comprehensive income net of taxes (23.00) (77.00)
18 Total Comprehensive Income for the period 8,776.00 11,195.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 7,944.00 7,944.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 11.08 14.2
Diluted earnings (loss) per share from continuing operations 11.03 14.12
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 11.08 14.2
Diluted earnings (loss) per share from continuing and discontinued operations 11.03 14.12
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. These financials results have been prepared in accordance with Indian Accounting Standard Ind AS as prescribed under Section 133 of the Companies Act 2013 read with Rule 3 of Companies Indian Accounting Standards Rules 2015 and relevant amendments thereafter. 2. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 22 2026 and have been reviewed by the statutory auditors of the Company. 3. Pursuant to the Companys Employee Stock Option Scheme 2020 and 2012 Scheme the Company has issued 51893 shares and 13328 shares during the quarter ended December 31 2025 and September 30 2025 respectively on account of exercise of vested stock options. 4. There are no subsidiary or associate or joint venture of the Company as on December 31 2025 hence no requirement to present consolidated financial results for the quarter and nine months ended December 31 2025. 5. A. On November 21 2025, the Government of India notified four new Labour Codes the Code on Wages 2019 the Code on Social Security 2020 the Industrial Relations Code 2020 and the Occupational Safety Health and Working Conditions Code, 2020 consolidating 29 existing labour laws. The Ministry of Labour Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and accounted for the incremental impact of these changes with the best information available and guidance provided by the Institute of Chartered Accountants of India. The impact of the above change amounting to Rs. 211 lakhs has been disclosed as Exceptional items in the financial results for the quarter and nine months ended December 31 2025. The Company continues to monitor the finalization of Central or State Rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effect as and when such clarifications are issued or rules are notified. B During the year ended March 31 2025 the Company reassessed its lease term estimates for store leases in accordance with Ind AS 116 Leases. This reassessment reflects the evolving nature of the Companys store portfolio based on historical trends as well as future operating strategy. Accordingly lease term estimates had been revised to closely align with the period over which management reasonably expects to exercise option to renew its lease contracts. This had led to a reassessment of the estimates of measurement and recognition of Right of Use assets including associated security deposits and corresponding lease liabilities under Ind AS 116 Leases. The above reassessment resulted in the recognition of a net exceptional gain of Rs. 2418 lakhs during the year ended March 31 2025. 6. During the quarter ended June 30 2025 the Company has issued 3 bonus shares on 1 fully paid up equity share having face value of Rs. 10 each. Accordingly the Earninga or loss per share for the prior periods have been restated in accordance with Ind AS 33 Earnings per share 7. For better understanding of the financial performance the Company has chosen to present Earnings Before Interest Taxes Depreciation and Amortisation EBITDA as an additional information. EBITDA is derived from profit or loss before exceptional item and tax less other income and adding back finance costs and depreciation and amortization expense.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Retail Trade 1,12,023.00 2,79,961.00
2 Digital Market Place 1,067.00 2,728.00
Total Segment Revenue 1,13,090.00 2,82,689.00
Less: Inter segment revenue 452.00 842.00
Revenue from operations 1,12,638.00 2,81,847.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Retail Trade 12,649.00 17,360.00
2 Digital Market Place (518.00) (1,394.00)
Total Profit before tax 12,131.00 15,966.00
i. Finance cost 402.00 847.00
ii. Other Unallocable Expenditure net off Unallocable income 227.00 684.00
Profit before tax 11,502.00 14,435.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Retail Trade 2,43,415.00 2,43,415.00
2 Digital Market Place 3,623.00 3,623.00
Total Segment Asset 2,47,038.00 2,47,038.00
Un-allocable Assets 11,957.00 11,957.00
Net Segment Asset 2,58,995.00 2,58,995.00
4 Segment Liabilities
Segment Liabilities
1 Retail Trade 1,55,663.00 1,55,663.00
2 Digital Market Place 2,383.00 2,383.00
Total Segment Liabilities 1,58,046.00 1,58,046.00
Un-allocable Liabilities 7,199.00 7,199.00
Net Segment Liabilities 1,65,245.00 1,65,245.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement gain/ (loss) of net defined benefit obligations (31.00) (103.00)
Total Amount of items that will not be reclassified to profit and loss (31.00) (103.00)
2 Income tax relating to items that will not be reclassified to profit or loss (8.00) (26.00)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (23.00) (77.00)