Consumer Cyclical
V-mart Q4 Revenue up 24% Ebitda Grows 56% Yoy
V-Mart Retail Limited reports a 24% revenue growth and 56% EBITDA increase for Q4, showcasing strong performance.
V-Mart Retail Limited reported a significant financial performance for the quarter ended March 31, 2026. The company’s revenue grew by 24% year-on-year (YoY) to INR 971 crore, while EBITDA surged by 56% YoY to INR 106 crore. Notably, the adjusted PAT increased by 1101% to INR 10 crore.
Strong Full-Year Performance
For the full year ending March 31, 2026, V-Mart’s revenue reached INR 3,789 crore, marking a 16% YoY increase. EBITDA also climbed by 36% YoY to INR 513 crore, and the adjusted PAT rose by 507% to INR 125 crore. These impressive results underscore the company’s robust growth trajectory.
Strategic Expansion and Operational Efficiency
The company accelerated its expansion strategy by adding 29 new stores in Q4, bringing the total store count to 577. This marks the highest number of store additions in a year. Moreover, V-Mart achieved a 12% same-store sales growth for the quarter and a 5% increase for the full year. The company also improved its inventory management, reducing per store inventory by 13% YoY and achieving a 3-day improvement in Days of Inventory.
As a pioneer in organized value fashion, V-Mart continues to focus on fulfilling the aspirations of the middle class with affordable, high-quality fashion. With its omni-channel platform, V-Mart caters to digital-first customers through www.limeroad.com and other leading marketplaces.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of V-Mart Retail Limited
V-Mart Retail Limited belongs to the Consumer Cyclical › Department Stores sector. Here’s a quick read on where the business and the stock stand today.
V-Mart rises 12.9% over three months, with buying pressure holding steady. The PEG of 0.70 signals undervaluation relative to growth. It is a potential re-rating candidate. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 7.5x the volume of sellers. Moreover, they dominated on 17 of recent sessions versus 13 for sellers — a healthy accumulation pattern. Revenue grows at 25.1% and profits at 57.8%. 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 V-Mart Retail Limited.
Consumer Cyclical
Meesho Limited Q2 FY27: NMV Growth 23% Yoy, Festive-aligned NMV Up 33%
Meesho Limited (MEESHO) reports 23% YoY NMV growth in Q2 FY27; net losses narrow 68% as festive-aligned NMV grows 33%.
Meesho Limited (MEESHO) announced its financial results for Q2 FY27 ended September 30, 2026, showcasing a robust performance across various metrics. The company’s Net Merchandise Value (NMV) grew 23% year-on-year to ₹12,911 crore, reflecting stronger consumer engagement and platform growth. Notably, festive-aligned NMV surged 33% year-on-year over the 90 days preceding Dussehra, underscoring the platform’s resilience and appeal during peak shopping seasons.
Strong Festive Momentum Across Bharat
The festive season saw significant growth, with annual purchase frequency reaching 10.4 transactions per user. First-time buyers increased 16% quarter-on-quarter, highlighting the platform’s expanding consumer base. Meesho Mall, now home to approximately 1,800 brands, recorded 81% NMV growth year-on-year, with growth reaching 89% in Tier 3+ cities. This growth is indicative of the platform’s ability to cater to diverse consumer needs and preferences.
Margin Expansion Driven by Structural Efficiencies
Contribution Margin expanded to 6.0% of NMV, compared with 4.6% in the previous quarter, driven by logistics efficiencies and improved platform monetisation. Marketplace Revenue from Operations grew 34% year-on-year to ₹4,120 crore, supported by stronger advertising monetisation and better matching of seller demand with consumer intent.
As a result, Meesho generated ₹345 crore in quarterly free cash flow, compared with an outflow of ₹226 crore in the previous quarter, supported by seasonal working capital benefits. Net losses narrowed approximately 68% year-on-year to ₹132 crore, compared with ₹411 crore in Q2 FY26, reflecting continued improvement in the company’s financial performance.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Meesho Limited
Meesho Limited belongs to the Consumer Cyclical › Internet Retail sector. Here’s a quick read on where the business and the stock stand today.
Meesho gains 20.9% over three months and trades near its 52-week highs. Thin margins at 8.7% leave limited room for error — any demand softness or cost spike hits the bottom line hard. 5 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. The stock trades at 79% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 20.9% in three months. Yet revenue grows at only 30.1% and the PEG stands at 99.00. Either the market prices in a turnaround that has not shown up yet, or this is momentum without substance. Check the next two earnings prints before drawing conclusions. Check Fundamentals of Meesho Limited.
Auto Manufacturers
Tvs Motor Company Limited Achieves Record Revenue and Profit in Q2 Fy26-27
TVS Motor Company Limited (NSE: TVSMOTOR) reports record revenue and profit in Q2 FY26-27, with 44% revenue growth and 52% profit surge.
TVS Motor Company Limited (NSE: TVSMOTOR) announced its financial results for the second quarter of the fiscal year 2026-27, marking a significant milestone with record revenue and profit. The company posted a revenue of Rs. 17,103 crores, marking a 44% growth compared to Rs. 11,905 crores in the same period last year. Moreover, Profit After Tax (PAT) surged by 52% to Rs. 1,377 crores, up from Rs. 904 crores in Q2 FY25-26.
Record Sales and Growth
The company’s sales reached an all-time high of 1.9 million units, reflecting a robust 27% growth compared to the 1.5 million units sold in Q2 FY25-26. This impressive performance was driven by strong demand across all product segments, including motorcycles, scooters, and three-wheelers. Notably, the two-wheeler electric vehicles segment experienced a remarkable 133% growth, selling 186,186 units compared to 80,009 units in the previous year.
EBITDA and Margin Improvement
TVS Motor Company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at Rs. 2,219 crores, a 47% increase from Rs. 1,507 crores in Q2 FY25-26. The EBITDA margin improved by 30 basis points to 13.0% from 12.7% in the same quarter last year, highlighting the company’s efficient cost management and operational excellence.
As a result, the company’s overall financial health has strengthened, setting a positive tone for the future. With these impressive results, TVS Motor Company continues to solidify its position as a leader in the two and three-wheeler industry, committed to delivering sustainable and innovative mobility solutions.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of TVS Motor Company Limited
TVS Motor Company Limited belongs to the Consumer Cyclical › Auto Manufacturers sector. Here’s a quick read on where the business and the stock stand today.
TVS rises 13.2% over three months, with buying pressure holding steady. D/E reaches 3.03. High leverage in this environment is a material risk the market cannot ignore. Thin margins at 5.7% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock holds at 69% of its 52-week range with RSI at 54. In other words, neither side has a clear edge right now. Revenue grows at 20.2% and profits at 31.5%. 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 TVS Motor Company Limited.
Auto Manufacturers
Hyundai Motor India Limited (hyundai) Q2 FY27: Record Revenue and Sales, Profitability Impacted by Commodity Costs
Hyundai Motor India Limited (HYUNDAI) achieves record quarterly revenue of ₹20,000 crore in Q2 FY27, despite commodity cost impacts.
Hyundai Motor India Limited (HYUNDAI) has announced its financial results for the second quarter and half year of FY 2026-27. The company recorded its highest-ever quarterly revenue of ₹20,000 crore, marking a significant milestone. Despite commodity headwinds affecting profitability, the company achieved record sales of 219,072 units, a 15% year-over-year growth and a 23% quarter-over-quarter increase.
Record Sales and Market Penetration
The domestic market saw a robust 19% growth in volumes both year-over-year and quarter-over-quarter. Notably, rural penetration reached an all-time high of 26.6%, and the contribution from compressed natural gas (CNG) vehicles stood at a record 19.1%. Exports also grew by 4% year-over-year and surged 38% sequentially, despite geo-political challenges.
EBITDA Margin Improvement
Although commodity costs weighed on profitability, the company’s operating leverage, healthy mix, and cost reduction initiatives helped improve the EBITDA margin to 9.5% in Q2 FY27 from 9.3% in Q1 FY27. The company remains optimistic about the second half of the fiscal year, with the launch of the BAYON and a dedicated mass market EV in Q4 FY27.
Mr. Tarun Garg, Managing Director & Chief Executive Officer, commented, “Q2 FY27 was a milestone quarter for HMIL, marked by record volumes and quarterly revenue exceeding ₹20,000 crore for the first time since our inception. Looking ahead, we see H2 as a period of accelerated momentum for us. Launch of BAYON marks the onset of our golden product cycle. We are also fully geared up for the launch of dedicated mass market EV in Q4 FY27. While macro-economic uncertainties and cost pressures persist, we remain focused on strengthening our leadership across key segments, delivering sustainable growth and profitability.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Hyundai Motor India Limited
Hyundai Motor India Limited belongs to the Consumer Cyclical › Auto Manufacturers sector. Here’s a quick read on where the business and the stock stand today.
Hyundai moves sideways over three months, with neither buyers nor sellers taking control. The PEG stands at 6.65 — severely stretched. Any earnings miss could trigger a sharp de-rating. Thin margins at 7.0% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock holds at 41% of its 52-week range with RSI at 42. In other words, neither side has a clear edge right now. Revenue grows at 5.5% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Hyundai Motor India Limited.
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