Investor Presentation

VISHAL MEGA MART LIMITED (Formerly known as Vishal Mega Mart Private Limited) Corporate & Regd. Office: 5th Floor, Platinum Tower, Plot No. 184 Udyog Vihar, Phase – 1, Gurugram, Haryana-122016, India. Phone: +91-124-4980000 Fax: +91-124-4980001 Email: secretarial@vishalwholesale.co.in, Website: www.aboutvishal.com CIN: L51909HR2018PLC073282 Date: October 21, 2026 National Stock Exchange of India Ltd., BSE Limited To To Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400001 Bandra (E), Mumbai – 400 051 Scrip Code: 544307 NSE Scrip Symbol: VMM Dear Sir/ Madam, Subject: Earnings Presentation on the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please �ind enclosed herewith the Earnings Presentation on the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026. The Earnings Presentation is also being disseminated on the Company’s website at https://aboutvishal.com/. You are kindly requested to take the same on record. Thanking you. Vishal Mega Mart Limited Rahul Luthra Company Secretary & Compliance Officer ICSI Membership No: F9588 Encl: As above Vishal Mega Mart Limited Udaipur, Tripura Performance Highlights Q2FY27 and H1FY27 Financial Highlights (₹ crores) Revenue from Operations1 & Revenue Contribution (%) Gross Profit & Margin % Operating EBITDA3 & Margin % Adjusted PAT4 & Margin % Apparel General Merchandise FMCG 3,398.5 2,981.5 950.1 262.2 843.1 252.9 1,376.7 172.0 1,256.9 40.5% 161.7 7 42.2% F 1,004.1 2 867.4 29.6% Q 29.1% 28.7% 854.8 1,010.2 29.7% Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 SSSG 2 - 5.4% Margin - 28.3% 28.0% 8.5% 7.7% 5.4% 5.1% Apparel General Merchandise FMCG 2,018.9 7,125.5 649.2 6,121.8 1,734.4 577.3 436.7 7 377.2 2 3,142.1 44.1% Y 2,746.3 F 44.9% 2,020.9 28.4% 28.2% 1,725.2 26.8% 1,641.8 1,947.7 27.3% H11FY26 H12FY27 H1FY126 H1FY227 H1FY26 H1FY27 H1FY26 H1FY27 SSSG 2 - 7.7% Margin - 28.3% 28.3% 9.4% 9.1% 6.2% 6.1% Notes: Figures have been rounded to one decimal place. 1. Revenue from operations; includes other operating income (not shown separately on the chart). Percentage figures in chart represent sales contribution to revenue from each category. 2. In current year, there was an 18 days shift in festive calendar. The festivals this year have shifted from Q2 to Q3. This has an impact of 3-4% on Q2 SSSG and 1.5-2% on H1 SSSG. Adjusting for that, SSSG will be about 9% for Q2FY27 and about 9.5% for H1FY27. SSSG is calculated as the growth in net revenue of all stores that have been operational for atleast 15 months at the beginning of each quarter during the period, adjusted to exclude stores which are temporarily closed this quarter due to refurbishment, area reduction, or any one-off reason, while they were open in the same quarter last year. 3. Operating EBITDA is EBITDA pre-ESOP charges and pre-INDAS 116. 4. Adjusted PAT is PAT pre-ESOP charges. Operational Highlights Accelerated Store Additions Sales of Products 1 Revenue Across Region2 From Own Brands East South From Third-Party Brands North West Stores as at period end Gross Store Additions 8.6% 27.3% 30.5% 2 23.5% Y Q2FY27 28 Q2FY27 Q 23 72.5% 37.4% 844 8.6% 29.5% 25.9% 23.4% 2 H1FY27 Y H1FY27 F FY25 EXIT Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 73.9% 38.5% # C lS ot so ur re e s -2 -3 0 -1 -3 -1 Notes: 1. Split of Revenue excludes other operating revenues. 2. East includes North East; West includes Central. Pan-India network of stores 26 Gross1 New stores added in Q2FY27 and 53 in H1FY27 As at Region3 -wise Store footprint, Sept-26 end Tier wise Store count2 Sep’26 North East # Stores South West # Cities Sept-26 # States / UT4 1.41 cr 197 Retail sq. ft. Tier I Tier II Tier III Notes:. 1. NetNewStoreAdditionforQ2FY27is25andforH1FY27is49.2. Tier 1: Cities with population greater than 1m, Tier 2: Cities with population 200k to 1mn , Tier 3: Cities with population less than 200k (as per 2011 census. 3. East includes North East; West includes Central. 4. 28 States and 2 Union territories 3 Healthy growth in Loyalty Large and loyal consumer base Q2FY27 & Growth YoY Loyalty Program allows us to create targeted promotions that drive cross-selling and up-selling of products ~18.1 cr 15% Earn & Redeem points: Offering tangible value on every purchase Registered Loyalty1 Customers Omni-Channel Flexibility: Earn rewards in-store and redeem them online Quick Digital Enrolment: Become a loyal member with just phone number Smarter Personalized Engagement Revenue2 from Loyalty customers Notes: 1. Mobile-based loyalty program which consumers can enrol to accrue and redeem points on all transactions and receive targeted marketing communications. A registered customer on loyalty program is a customer identified by the unique mobile number provided at the time of invoicing by Vishal Mega Mart stores. Such person is considered as a customer registered under our Loyalty program irrespective of whether he or she has made any future purchase(s) or claimed any benefit under our Loyalty program. #loyalty customers as at 30th September 2026. 2. Revenue from Registered Loyalty customers to Gross Revenue (Revenue including GST) for H1FY27 Consistent Progress on Quick Commerce platform Easy access to available products at nearest store offered through our website and mobile application c Q2FY27 & Growth YoY y 781 12% i Stores with hyperlocal delivery s 532 16% r Cities covered ~1.52 cr 41% New offers everyday, new collection every season # registered users Earn points on every order Hassle-free express doorstep delivery and store pickup facility available Secure payment options, flexible return and exchange policy We launched the first pilot store of ‘Belong & Co.’ Our new apparel format catering to young, affluent urban consumers, with a distinct brand proposition offering effortless fashion. Media and Promotion Campaigns (1/2) Festive Collection 2026 - Pujo Media and Promotion Campaigns (2/2) Festive Collection 2026 - Ganesh Chaturthi Festive Collection 2026 - Onam Q2FY27 & H1FY27: Consolidated Financial Performance (₹ crores) Consolidated Profit and Loss Statement % to Revenue % to Revenue % to Revenue % to Revenue Profit and Loss Metrics Q2 FY27 Q2 FY26 Growth H1 FY27 H1 FY26 Growth from Ops from Ops from Ops from Ops Revenue from operations 3,398.5 2,981.5 14.0% 7,125.5 6,121.8 16.4% SSSG* 5.4% 7.7% Other Income 38.4 20.2 71.5 37.2 Total Income 3,436.9 3,001.7 14.5% 7,197.1 6,159.0 16.9% Cost of Goods Sold 2,448.5 2,138.4 5,106.6 4,387.4 Gross Profit 950.1 28.0% 843.1 28.3% 12.7% 2,018.9 28.3% 1,734.4 28.3% 16.4% Employee Benefit Expense 223.0 176.1 437.4 347.2 Other Expenses 315.1 272.4 624.8 533.4 EBITDA 412.0 12.1% 394.6 13.2% 4.4% 956.7 13.4% 853.7 13.9% 12.1% Depreciation & Amortization 191.9 169.1 377.4 328.2 Finance Cost 47.2 41.2 93.5 82.4 Profit Before Tax 211.3 6.2% 204.4 6.9% 3.4% 557.3 7.8% 480.3 7.8% 16.0% Profit After Tax 157.9 4.6% 152.3 5.1% 3.7% 416.6 5.8% 358.4 5.9% 16.3% ESOP expense 18.9 12.6 26.9 25.2 INDAS 116 impact on EBITDA (Rent) 168.7 154.3 334.3 301.7 Operating EBITDA 262.2 7.7% 252.9 8.5% 3.7% 649.2 9.1% 577.3 9.4% 12.5% (pre-INDAS116 and pre-ESOP charges) Adjusted Profit after tax 172.0 5.1% 161.7 5.4% 6.4% 436.7 6.1% 377.2 6.2% 15.8% (pre-ESOP charges) *In current year, there was an 18 days shift in festive calendar. The festivals this year have shifted from Q2 to Q3. This has an impact of 3-4% on Q2 SSSG and 1.5-2% on H1 SSSG. Adjusting for that, SSSG will be about 9% for Q2FY27 and about 9.5% for H1FY27. EBITDA & PAT Margin were impacted by operating deleverage arising from the shift in festive buying from Q2 to Q3. Notes: Figures have been rounded to one decimal place. SSSG is calculated as the growth in net revenue of all sto [Showing first 8,000 characters — download PDF for full document]