Investor Presentation

Ref. No. CS/S/L-1020/2026-27 3rd November, 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 second quarter and half year ended on September 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 · Q2 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. Q2 FY’27 Key Performance Highlights Financial Parameters Operational Parameters V-MART RETAIL LIMITED Key Highlights: Q2 FY’27 vs Q2 FY’26 Q2 FY’27 Strong performance across financial and operational parameters, driven by healthy customer traction and improving business momentum. 613 Stores ₹9,530 Mn ₹861 Mn SSSG: 3% Net Store Addition: 22 Revenue EBITDA : 9.0% of Revenue *Festive Adjusted SSSG :11% ▲15% YoY ▲18% YoY ▲20% YoY V-Mart: 10% | Unlimited: 12% Store Network: 613 Total Stores V-Mart 509 | Unlimited 104 | Opened 23 | Closed 1 Crossed the 600-store milestone during the quarter. Increasing Customer Traffic Footfall Growth: 36% | Memo Growth: 15% Total Sales Growth: 18% V-Mart: 17% | Unlimited: 25% Same Store Sales Growth: 3% V-Mart: 2% | Unlimited: 11% LimeRoad Marketplace Performance NMV grew by 55% YoY & Loss % to NMV reduced to 8% from 18% YoY *Festive dates shifted from Q2 to Q3 due to a 19-day shift in the festive calendar, with Navratri commencing on 11 October 2026 in current year vs 22 September 2025 last year. V-MART RETAIL LIMITED Financial Parameters Q2 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 (%) Q2 FY'26 Q2 FY'27 Q2 FY'26 Q2 FY'27 18%▲ 17%▲ 77% 77% 9,530 8,069 7,750 6,624 25%▲ 55%▲ 1,380 1,721 11% 10% 12% 13% 192 298 Total V-Mart Unlimited LimeRoad NMV* Apparel Non-Apparel FMCG * LimeRoad Commission Income is ₹ 143 Mn (Q2 FY’26 ₹ 85 Mn); NMV: Net Merchandise Value EBITDA (₹ Millions, % to Revenue) PAT (₹ Millions, % to Revenue) Q2 FY'26 Q2 FY'27 Q2 FY'26 Q2 FY'27 20%▲ 13%▲ 9.0% 8.9% 8.8% 38% ▲ 32%▲ -1.1% -1.7% 9.1% 11.6% 84%▼ 10.5% -17.9% -7.8% -89 199 -34 -163 144 -23 715 861 605 685 Total V-Mart Unlimited LimeRoad Q2 FY'26 Q2 FY'27 V-MART RETAIL LIMITED Operational Parameters – Key Performance Indicators Q2 FY’27 Strong festive-adjusted SSSG and volume-led traffic expansion reaffirm core brand momentum while maintaining pricing discipline. Same Store Sales Growth (SSSG) (%) Same Store Volume Growth (SSVG) (%) Q2 FY'26 Q2 FY'27 Festive Adjusted SSSG Q2 FY'27 Q2 FY'26 Q2 FY'27 Festive Adjusted SSVG Q2 FY'27 11% 11% 11% 10% 11% 9% 9% 9% 3% 5% 5% Total V-Mart Unlimited Total V-Mart Unlimited Footfall & Memo (Millions) Average Selling Price (ASP) (₹) Footfall Memo 2%▼ 3%▼ 36%▲ 15%▲ 209 190 388 348 331 424 Total V-Mart Unlimited Total V-Mart Unlimited ASP(Total) ASP (Apparel) Q2 FY'26 Q2 FY'27 Q2 FY'26 Q2 FY'27 % change YoY V-MART RETAIL LIMITED YTD FY’27 Key Performance Highlights Financial Parameters Operational Parameters V-MART RETAIL LIMITED Key Highlights: YTD FY’27 vs YTD FY’26 YTD FY’27 Accelerating store rollout and strong footfall gains drive robust top-line momentum, supported by festive demand alignment and inventory leanings. ₹20,418 Mn ₹2,467 Mn ₹309 Mn 90 Days Revenue EBITDA · 12.1% of Revenue PAT · 1.5% of Revenue Inventory Days of Sales ▲21% YoY ▲25% YoY ▲25% YoY ▼Improved by 7 Days Increasing Customer Traffic Footfall Growth: 37% | Memo Growth: 17% Same Store Sales Growth: 6% V-Mart: 5% | Unlimited: 12% LimeRoad Marketplace Performance NMV Growth: 37% YoY & Losses down: 36% YoY To ₹51 Mn Inventory Days of Sales: -7% YoY Improved from 97 to 90 days —leaner, more efficient operations Store Network: 613 Total Stores V-Mart 509 | Unlimited 104 | Opened 38 | Closed 2 Figures for the corresponding previous period/year have been regrouped/reclassified, wherever necessary V-MART RETAIL LIMITED Financial Parameters YTD FY’27 Operating leverage and strategic cost optimization drive margin expansion, strengthening bottom-line resilience. Revenue from Operations (₹ Millions) Revenue Mix (%) YTD FY'26 YTD FY'27 YTD FY'26 YTD FY'27 21%▲ 19%▲ 79% 79% 20,418 16,921 16,742 14,031 29%▲ 37%▲ 2,763 3,564 10% 10% 11% 11% 380 520 Total V-Mart Unlimited LimeRoad NMV* Apparel Non-Apparel FMCG * LimeRoad Commission Income is ₹ 247 Mn (YTD FY’26 ₹ 166 Mn); NMV: Net Merchandise Value EBITDA (₹ Millions, % to Revenue) PAT (₹ Millions, % to Revenue) YTD FY'26 YTD FY'27 YTD FY'26 YTD FY'27 25%▲ 18%▲ 12.1% 1.5% 11.7% 11.8% 40% ▲ 36%▲ 1.5% 11.9% 15.2% 25%▲ 14.1% -21.0% -9.9% 309 542 -80 388 -51 1,977 2,467 1,668 1,976 Total V-Mart Unlimited LimeRoad YTD FY'26 YTD FY'27 V-MART RETAIL LIMITED Operational Parameters – Key Performance Indicators YTD FY’27 Steady growth in store footfalls and transaction bills reinforces brand preference across regional markets. Footfall (Millions) Memo (Millions) 37%▲ 17%▲ YTD FY'26 YTD FY'27 YTD FY'26 YTD FY'27 Average Transaction Size (₹) Average Selling Price (ASP) (₹) YTD FY'26 YTD FY'27 0%▼ 1%▲ 1,643 1,636 0%▼ 1%▼ 981 1,002 [Showing first 8,000 characters — download PDF for full document]