Consumer Cyclical
Vishal Mega Mart Limited (VMM) Q4fy26: Revenue Up 22.2%, PAT Surges 45.9%
Vishal Mega Mart Limited (VMM) reports a 22.2% YoY revenue growth to ₹31,141 Mn in Q4FY26, with PAT up 45.9%.
Vishal Mega Mart Limited (NSE: VMM), a leading retail player in apparel, general merchandise, and FMCG categories, announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a robust performance with revenue from operations at ₹31,141 million, marking a 22.2% year-on-year growth. The profit after tax (PAT) surged by 45.9% to ₹1,679 million. This impressive growth was underpinned by an industry-leading adjusted same-store sales growth (SSSG) of 13.2%.
Financial Highlights
The consolidated financial highlights for Q4FY26 include:
- Revenue from operations stood at ₹31,141 million, up 22.2% YoY.
- Adjusted SSSG was 13.2% (reported SSSG of 12.1%).
- Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at ₹2,753 million, with a 32.3% YoY growth.
- PAT stood at ₹1,679 million, up 45.9% YoY.
- 25 gross and 24 net stores were added.
Full Year FY26 Performance
For the full year FY26, the company reported:
- Revenue from operations at ₹129,063 million, up 20.4% YoY.
- Adjusted SSSG was 11.0% (reported SSSG of 9.8%).
- Adjusted EBITDA (pre-INDAS 116 and pre-ESOP charges) stood at ₹13,211 million, with a 27.8% YoY growth.
- PAT stood at ₹8,392 million, up 32.8% YoY.
- 105 gross and 99 net stores were added, bringing the total store count to 795.
Commenting on the results, Mr. Gunender Kapur, Managing Director and Chief Executive Officer, said: “FY26 marks another remarkable year in our journey, delivering strong operational and financial performance. The revenue from operations grew by 22.2% YoY in Q4FY26 to Rs. 31,141 million. This was driven by an industry-leading adjusted SSSG of 13.2% which is mainly an outcome of aspirational merchandise, ability to cater to diverse and evolving customer needs and great execution. For FY26, our revenue from operations grew by 20.4% YoY to Rs. 129,063 million, driven by adjusted SSSG of 11%. The performance reflects growing contribution of our aspirational own brands and high quality execution across the board. Further, growth remained broad-based across all product categories. Our expansion strategy remained firmly on track with gross new store openings of 25 during the quarter and 105 during the full year, further strengthening our network and market presence.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Vishal Mega Mart Limited
Vishal Mega Mart Limited belongs to the Consumer Cyclical › Department Stores sector. Here’s a quick read on where the business and the stock stand today.
Vishal moves sideways over three months, with neither buyers nor sellers taking control. Thin margins at 6.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue grows at 24.3% and profits at 46.1% CAGR. Both numbers are exceptional. The stock gains 4.3% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 24.3% and profits at 46.1%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Vishal Mega Mart Limited.
Consumer Cyclical
Taj GVK Hotels & Resorts Limited (tajgvk) Q2 Fy26/27: Greenwoods Palaces Revenue Up 7%, Ebitda and PAT Surge
Taj GVK Hotels & Resorts Limited (TAJGVK) reports Q2 FY26/27 results with Greenwoods Palaces revenue up 7%, EBITDA and PAT surges.
Taj GVK Hotels & Resorts Limited (TAJGVK) announced its consolidated financial results for Q2 FY26/27, highlighting a robust performance from its subsidiary Greenwoods Palaces and Resorts Private Limited. The subsidiary, which operates Taj Santacruz, Mumbai, reported a revenue of INR 54.20 crores, marking a 7% increase compared to INR 50.69 crores in the same period last year. The EBITDA rose to INR 18.10 crores from INR 17.64 crores, and the PAT surged to INR 10.99 crores from INR 8.29 crores. These figures reflect the company’s strategic growth initiatives and operational efficiencies.
H1 FY 26/27 Performance
For the first half of FY 26/27, Greenwoods Palaces and Resorts Private Limited delivered even stronger results with a revenue of INR 110.89 crores, up from INR 105.14 crores in the previous year. The EBITDA increased to INR 38.97 crores from INR 38.27 crores, and the PAT grew to INR 23.97 crores from INR 18.22 crores. These consolidated figures, now aligned with the company’s full ownership, underscore the subsidiary’s contribution to TAJGVK’s overall financial health.
Future Expansion Plans
Looking ahead, TAJGVK is set to open Taj Yelahanka, Bengaluru on November 20th, 2026. This new luxury hotel marks a significant addition to the company’s portfolio and aligns with its long-term growth strategy. The opening is expected to enhance the company’s room inventory and provide a competitive edge in one of India’s most dynamic hotel markets.
TAJGVK remains focused on driving long-term growth through organic developments, asset enhancements, and strategic acquisitions. The company is exploring opportunities to expand in demand-rich markets while maintaining financial discipline and operational efficiencies.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Taj GVK Hotels & Resorts Limited
Taj GVK Hotels & Resorts Limited belongs to the Consumer Cyclical › Lodging sector. Here’s a quick read on where the business and the stock stand today.
Taj moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.07 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Industry-leading margins of 73.1% reflect exceptional pricing power and operational efficiency. Buyers show up with 1.9x the volume of sellers. Moreover, they dominated on 19 of recent sessions versus 11 for sellers — a healthy accumulation pattern. Both the business and the stock move in the right direction. Revenue grows at 9.8%, profits at 72.3%, and the PEG sits at 0.07 — below its growth rate. That combination is rare. Check Fundamentals of Taj GVK Hotels & Resorts Limited.
Consumer Cyclical
Thomas Cook (india) Limited Expands Nature Trails Network with Seventh Resort in Dodamarg
Thomas Cook (India) Limited’s Nature Trails expands its resort network with its seventh property in Dodamarg, Maharashtra.
Thomas Cook (India) Limited’s experiential hospitality brand, Nature Trails, has expanded its resort network to seven properties by adding Nature Trails INA Resort in Dodamarg, Maharashtra. This marks its fourth property in the state, further strengthening the brand’s presence across Maharashtra’s nature-rich destinations. Nestled in the Sahyadri countryside, Dodamarg offers a distinctive proposition for travelers looking beyond conventional Goa holidays.
Strategic Expansion
Located in close proximity to North Goa, the destination combines lush green landscapes, tranquil countryside surroundings, and opportunities to experience the outdoors, making it an appealing choice for travelers seeking a more relaxed getaway. Spread across three acres, Nature Trails INA Resort brings this setting to life through nature-led stays, outdoor recreation, and experiences that encourage guests to connect with their surroundings.
Resort Amenities
The resort offers three accommodation categories – Vana Forest View Rooms, Ira Cottages, and Arka Cottages. Guests can enjoy trekking, birdwatching, archery, treasure hunts, and team games, offering opportunities for exploration, recreation, and shared experiences. An outdoor swimming pool, set amidst lush greenery, adds to the leisure offering, making the property suitable for both relaxed family holidays and engaging group getaways.
Future Prospects
Mr. Mahesh Iyer – Managing Director and Chief Executive Officer, Thomas Cook (India) Limited said, “The expansion of Nature Trails is aligned with our broader strategy of building a differentiated hospitality portfolio that responds to the growing opportunity in experiential and nature-led travel. As we expand the portfolio, we will continue to evaluate opportunities that align with our long-term growth priorities, strengthen our geographic footprint, and create sustainable value for the business.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Thomas Cook (India) Limited
Thomas Cook (India) Limited belongs to the Consumer Cyclical › Travel Services sector. Here’s a quick read on where the business and the stock stand today.
Thomas trades in the lower quarter of its 52-week range. The PEG of 0.11 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gains 3.9% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Both the business and the stock move in the right direction. Revenue grows at 18.5%, profits at 223.6%, and the PEG sits at 0.11 — below its growth rate. That combination is rare. Check Fundamentals of Thomas Cook (India) Limited.
Apparel Manufacturing
Gokaldas Exports Limited (gokex) Clarifies on Customer Bankruptcy Filing and Announces New Customer Additions in Africa
Gokaldas Exports Limited (GOKEX) clarifies on a U.S. customer’s bankruptcy filing and announces new customer additions in Africa.
Gokaldas Exports Limited (NSE: GOKEX), a leading apparel manufacturer and exporter, today issued a clarification and operational update following its recent disclosure to the stock exchanges regarding a customer’s Chapter 11 bankruptcy filing in the United States. Further to the Company’s regulatory filing with the stock exchanges on November 09, 2026, Gokaldas Exports confirms that one of its customers, The Children’s Place, has filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States. As anticipated, Atraco Industrial Enterprise FZE holds total outstanding receivables amounting to USD 4.11 million associated with the customer. Currently, The Children’s Place contributes approximately 5%-6% of the Company’s consolidated total income. Based on a preliminary evaluation, the Company’s management sees a reasonably high probability of achieving a significant recovery of the outstanding receivables. Gokaldas Exports is actively monitoring the proceedings and taking all requisite legal and commercial steps to safeguard its financial interests.
New Customer Additions in Africa
In line with its ongoing geographical and client diversification strategy, Gokaldas Exports has onboarded two major new customers within its African manufacturing operations (Atraco): one large, marquee U.S. retail customer and one prominent European customer. The Company is actively reallocating capacity and focusing its operational execution on scaling production and deepening commercial engagement with these two newly onboarded customers.
Company Overview
Established in 1979, Gokaldas Exports has evolved into a one-stop solution for some of the world’s most recognized apparel brands. Gokaldas Exports is one of India’s largest manufacturers and exporters of apparel, exporting to more than 50 countries, and currently has over 30+ production units that can produce about 92 million garments annually. With 55,000+ employees working together, the company is committed to its vision of being a globally reputed apparel manufacturer and exporter, with an emphasis on innovation and sustainability.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Gokaldas Exports Limited
Gokaldas Exports Limited belongs to the Consumer Cyclical › Apparel Manufacturing sector. Here’s a quick read on where the business and the stock stand today.
Gokaldas falls 13.6% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock gains 0.3% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 20.9% yet the PEG reaches 99.00 — expensive for that growth. Furthermore, the stock drops 13.6% in three months. Neither value nor momentum supports this setup. It needs an earnings beat or a price reset first. Check Fundamentals of Gokaldas Exports Limited.
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