Digital
Why OpenAI is hiring 100 ex-bankers: Inside the ChatGPT-maker's secret project to automate Wall Street's grunt work
V-Mart Retail's profit jumps by 177% to Rs 34 crore in Q1 FY26
V-Mart's revenue from operations surged from Rs 786 crore in Q1 FY25 to Rs 885 crore in Q1 FY26
V-Mart has 510 stores pan-India as of June 30, 2025.
V-Mart Retail's posted a 177% rise in profit in 1 Quarter for the fiscal year 2026 while the revenue from operation surged by 13% in the same period.
According to the stock exchange filing, the retailer's Q1 FY26 profit stood at Rs 33.6 crore. In the previous fiscal, the company had clocked a profit of Rs 12.14 crore in first quarter.
V-Mart's revenue from operations surged from Rs 786 crore in Q1 FY25 to Rs 885 crore in Q1 FY26. The value fashion retailer's EBITDA for the quarter rose by 27% YoY to Rs 126 crore, , with days of inventory improving by 5% YoY to 93 days.
Same-store sales growth (SSSG) for the quarter stood at 1% year-on-year. However, it said that after adjusting for the preponement of Eid to the previous quarter this year, "normalised SSSG stood at 5% YoY, driven equally by V-Mart and Unlimited, both delivering 5% growth".
V-Mart continued its store expansion plan with the opening of 15 new stores. However, it shut two underperforming stores during the quarter. Currently, the retailer has 510 stores pan-India as of June 30, 2025.
SPOTLIGHT
From Delhi’s sharp-tongued lyricists to Chennai’s bilingual innovators and North-East India’s experimental beatmakers, Rap 91 LIVE’s lineup was a sonic map of the country’s cultural diversity.
Read MoreEnd of the Old Guard? Publicis outperforms, WPP declines, Havas rises, Omnicom readies IPG merger
As WPP reels from revenue declines and vows sweeping restructuring, Publicis and Havas ride strong AI-led client demand. With Omnicom and IPG on the cusp of a historic merger, the global advertising landscape braces for a power realignment built on data, technology, and efficiency.