HomeMarket NewsStocks NewsVishal Mega Mart promoter Samayat Services likely to sell 10% stake via ₹5,057-crore block deals
Vishal Mega Mart, as of December 31, 2024, operates a total of 668 stores spread across cities. Shares of Vishal Mega Mart Ltd ended at ₹124.90, up by ₹1.15, or 0.93%, on the BSE.
Samayat Services LLP, the promoter entity of supermarket chain Vishal Mega Mart Ltd, is likely to offload a 10% equity stake in the company through block deals, according to sources familiar with the matter.
The deal size is pegged at ₹5,057 crore, with the floor price set at ₹110 per share.
Q4 boost
Vishal Mega Mart reported an 88% year-on-year (YoY) hike in net profit at ₹115.1 crore in the March quarter compared to ₹61.2 crore a year ago. Revenue from operations was up 23.2% YoY to ₹2,547.9 crore in Q4FY25 against ₹2,068.9 crore.
At the operating level, EBITDA climbed 42.6% to ₹357 crore from ₹250.5 crore in the Q4FY24. The EBITDA margin stood at 14% in the reporting quarter against 12.1%. EBITDA is earnings before interest, tax, depreciation, and amortisation.
Vishal Mega Mart is a one-stop destination catering to middle and lower-middle-income consumers in India. The product range includes both in-house and third-party brands, covering three key categories — apparel, general merchandise, and fast-moving consumer goods (FMCG).
Vishal Mega Mart, as of December 31, 2024, operates a total of 668 stores spread across cities.
Shares of Vishal Mega Mart Ltd ended at ₹124.90, up by ₹1.15, or 0.93%, on the BSE.
Also Read: Vishal Mega Mart shares surge 10% on 88% profit jump in Q4; Analysts see targets up to ₹161
(Edited by : Shoma Bhattacharjee)