Investor Presentation

Ref. No. CS/S/L-991/2026-27 24th July, 2026 TNoA:T IONAL STOCK EXCHANGE OF INDIA LIMITED TToH:E BSE LTD The Listing Department The Corporate Relationship Department “Exchange Plaza” PSchriripoz Ceo Jdeeej:e 5e3b4h9oy7 6T owers, BScarnidpr Ca oKduer:l aV CMoAmRpTle x, Dalal Street, Mumbai – 400 001 Bandra (E ), Mumbai – 400 051 Fax: 022-22723121 Fax: 022-26598120 Email: corp.relations@bseindia.com SEumb:a Pilr: ecsmelnistta@tinosne .tcoo A.inn alysts/Investors Dear Sir/Madam, Please find enclosed herewith the presentation being forwarded to Analysts/Investors on unaudited financial results of the Company for the first quarter ended on June 30, 2026. The above presentation is also available on the Company's website: www.vmart.co.in. We request you to kindly take the above information on record. Thanking You, V-Mart Retail Limited Y ours Truly Megha Tandon Company Secretary and Compliance Officer Encl: As above INVESTOR PRESENTATION · Q1 FY’27 V-Mart Retail Limited www.vmart.co.in | www.limeroad.com This presentation by V-Mart Retail Limited (“V-Mart”) does not constitute a prospectus, placement memorandum, or an offer to acquire any securities. It should not be deemed an offer in any form. No representation or warranty, express or implied, is made regarding the fairness, accuracy, completeness, or correctness of the information or opinions herein. The information is current only as of its date. Certain statements may be “forward-looking,” involving risks, uncertainties, and other factors that could cause actual results to differ materially. These risks include those related to V-Mart’s fashion,FMCG, and online marketplace businesses. Data and opinions are based on assumptions and subject to risks, which may cause actual results to differ materially. Figures are rounded and may not depict exact numbers. The Company and its affiliates are not obligated to update any forward-looking statements. They are not liable for any loss arising from the use of this presentation. Do not place undue reliance Disclaimer on forward-looking statements, which reflect the current view of the Company’s management. We use various financial and operational indicators to measure performance. These indicators have limitations and should not be considered in isolation from our historical financial performance. Past performance is not necessarily indicative of future results. V-Mart may alter the content of this presentation without obligation to notify any person. This presentation cannot be copied or disseminated. This summary does not contain all information needed to evaluate any potential transaction. Recipients should conduct their own analysis, consulting legal, business, tax, and financial advisers. The information has not been independently verified or reviewed by any statutory or regulatory authority in India. No representation or warranty is made regarding the fairness, accuracy, completeness, or correctness of the information and opinions herein. This document does not constitute legal, business, tax, or financial advice. No person is authorized to provide information or make representations not contained in this presentation. If such information or representations are given, they should not be relied upon as authorized by V-Mart. Q1 FY’27 Key Performance Highlights Financial Parameters Operational Parameters V-MART RETAIL LIMITED Key Highlights: Q1 FY’27 vs Q1 FY’26 Q1 FY’27 Broad-based growth across revenue, profitability and customer base demonstrates improving business momentum and execution quality. ₹10,888 Mn ₹1,606 Mn ₹410 Mn ₹472 Mn Revenue EBITDA · 14.8% of Revenue Pre-Ind AS PAT· 3.8% of Revenue Post-Ind AS PAT · 4.3% of Revenue ▲23% YoY ▲27% YoY ▲90% YoY ▲41% YoY Increasing Customer Traffic Footfall Growth: 39% | Memo Growth: 18% Same Store Sales Growth: 9% V-Mart: 8% | Unlimited: 13% LimeRoad Marketplace Performance NMV Growth: 18% YoY & Losses down: 39% YoY To ₹28 Mn Inventory Days of Sales: -8% YoY Improved from 93 to 86 days —leaner, more efficient operations Store Network: 591 Total Stores V-Mart 490 | Unlimited 101 | Opened 15 | Closed 1 Figures for the corresponding previous period/year have been regrouped/reclassified, wherever necessary V-MART RETAIL LIMITED Financial Parameters Q1 FY’27 EBITDA outpaced revenue growth, reflecting operating leverage and disciplined cost management while maintaining a stable revenue mix. Revenue from Operations (₹ Millions) Revenue Mix (%) Q1 FY'26 Q1 FY'27 Q1 FY'26 Q1 FY'27 23%▲ 10,888 21%▲ 80% 81% 8,852 8,992 7,407 33%▲ 18%▲ 1,842 1,383 10% 9% 10% 10% 188 222 Total V-Mart Unlimited LimeRoad NMV* Apparel Non-Apparel FMCG *LimeRoad Commission Income is ₹ 104 Mn (Q1 FY’26 ₹ 81 Mn); NMV: Net Merchandise Value EBITDA (₹ Millions, % to Revenue) PAT (₹ Millions, % to Revenue) Q1 FY'26 Q1 FY'27 Q1 FY'26 Q1 FY'27 27%▲ 22%▲ 4.3% 14.8% 3.8% 14.3% 14.4% 14.3% 40%▲ 41%▲ 17.7% 18.6% 39%▲ 472 343 -46 336 245 -28 1,262 1,606 1,063 1,291 Total V-Mart Unlimited LimeRoad Q1 FY'26 Q1 FY'27 V-MART RETAIL LIMITED Operational Parameters – Key Performance Indicators Q1 FY’27 Higher footfall and memo growth continue to strengthen customer engagement while maintaining pricing discipline. Footfall (Millions) Memo (Millions) 39%▲ 18%▲ Q1 FY'26 Q1 FY'27 Q1 FY'26 Q1 FY'27 Average Transaction Size (₹) Average Selling Price (ASP) (₹) Q1 FY'26 Q1 FY'27 0%▼ 1%▼ 1,716 1,715 2%▲ 1,004 1,033 932 955 223 204 393 332 314 428 Total V-Mart Unlimited Total V-Mart Unlimited ASP(Total) ASP (Apparel) Total V-Mart Unlimited % change YoY V-MART RETAIL LIMITED Operational Parameters – Network & Space Q1 FY’27 Tier 4 markets delivered the highest SPSF growth (+15% YoY), reinforcing the huge potential in Tier 4 Markets. Store Count (Nos) Tier Wise Sales per square feet (Per Month) (₹) Q1 FY'26 Q1 FY'27 Q1 FY'26 Q1 FY'27 16%▲ 7%▲ 2%▲ 9%▲ 7%▲ 15%▲ 591 767 745 763 774 763 768 510 716 710 711 666 11%▲ 21%▲ 277 308 36%▲ 10%▲ 59 80 62 68 Total Tier 1 Tier 2 Tier 3 Tier 4 Total Tier 1 Tier 2 Tier 3 Tier 4 Sales per square feet (Per Month) (₹) Retail Space (Million Square Feet) Q1 FY'26 Q1 FY'27 Q1 FY'26 Q1 FY'27 7%▲ 4%▲ 14%▲ 18%▲ 5.1 15%▲ 767 748 780 4.4 716 710 4.1 603 3.6 10%▲ 0.8 0.9 Total V-Mart Unlimited Total V-Mart Unlimited V-MART RETAIL LIMITED Operational Parameters – Efficiency Q1 FY’27 Improved merchandise assortment and supply chain efficiencies led to improvement in inventory days alongside higher SSSG. Same Store Sales Growth (SSSG) (%) Same Store Volume Growth (SSVG) (%) Q1 FY'26 Q1 FY'27 Q1 FY'26 Q1 FY'27 6% 5% 1% 1% 1% 1% 1% Total V-Mart Unlimited Total V-Mart Unlimited Inventory (Days of Sales) Provision for aged Inventory including shrinkage Q1 FY'26 Q1 FY'27 7%▼ 8%▼ 1.3% 93 97 98 95 86 89 6%▼ 64 60 0.7% Total Apparel Non Apparel FMCG Q1 FY'26 Q1 FY'27 V-MART RETAIL LIMITED Operating Expenses Q1 FY’27 Continued Cost Discipline; Operating expenses remained in line with Store expansion. Manpower (₹ Millions) Power & fuel (₹ Millions) 17%▲ Q1 FY'26 Q1 FY'27 17%▲ Q1 FY'26 Q1 FY'27 1,112 19%▲ 18%▲ 950 903 370 356 759 302 18%▲ 14%▲ 150 177 67 76 40 32 0 0 Total V-Mart Unlimited LimeRoad Total V-Mart Unlimited LimeRoad Advertisement (₹ Millions , % to Total Revenue) Other Expenses (₹ Millions) Q1 FY'26 Q1 FY'27 Q1 FY'26 Q1 FY'27 1.3% 15%▲ 1.3% 427 0.9% 1.0% 0.4% 17%▲ 0.3% 66 77 115 141 85 100 30 40 9 Total V-Mart + Unlimited LimeRoad Total V-Mart Unlimited LimeRoad V-MART RETAIL LIMITED LimeRoad: NMV rises 18% while Losses shrink 39% YoY Q1 FY’27 Strengthening the omni-channel ecosystem through LimeRoad Marketplace. NMV and EBITDA (₹ Millions) 188 192 30 28 Q1 FY'26 Q2 FY'26 Q3 FY'26 Q4 FY'26 Q1 FY'27 NMV EBITDA Loss V-Mart’s Sale Mix V-Mart Inventory contribution in LimeRoad online orders 44% 45% 35% 34% Q1 FY'26 Q2 FY'26 Q3 FY'26 Q4 FY'26 Q1 FY'27 1111 V-MART RETAIL LIMITED Q1 FY’27 Statement of Profit & Loss Balance Sheet Cash flow Statement 1122 Statement of Profit & Loss Q1 FY’27 PAT growth significantly outpaced revenue growth, reflectin [Showing first 8,000 characters — download PDF for full document]