Here's a concise summary of Vishal Mega Mart's investor presentation: **1. Business Performance:** Vishal Mega Mart reported strong Q4 FY26 and full-year FY26 results.

Revenue grew 22.2% in Q4 to ₹3,114.1 Cr, and 20.4% for FY26 to ₹12,906.3 Cr.

Apparel, General Merchandise, and FMCG were key contributors, with North and East regions leading.

Adjusted SSSG remained robust at 13.2% in Q4 and 11.0% for the year. **2. Growth Drivers or Strategy:** Strategic expansion added 105 gross new stores in FY26, reaching 795 stores.

Own brands are a significant driver, contributing 74.1% of total revenue. **3. Recent Developments:** VMM's loyalty program grew to ~169 million customers, generating 95% of revenue.

Its Quick Commerce platform rapidly expanded, with 745 stores offering hyperlocal delivery across 505 cities and ~13 million users. **4. Key Financial Metrics:** Adjusted EBITDA surged 32.3% in Q4 to ₹275.3 Cr (8.8% margin) and 27.8% for FY26 to ₹1,321.1 Cr (10.2% margin). PAT jumped 45.9% in Q4 to ₹167.9 Cr (5.4% margin) and 32.8% for FY26 to ₹839.2 Cr (6.5% margin). **5. Management Commentary / Outlook:** VMM remains focused on retail expansion and enhancing customer engagement via its loyalty program and quick commerce, committed to "Making Aspirations Affordable."