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V-Mart Gets 'Buy' Upgrade From HDFC Securities As It Sees Favorable Risk-Reward — Check New Target Price
HDFC Securities upgrades V-Mart to 'Buy' from Add, as it sees demand momentum to continue.
01 Oct 2025, 01:45 PM IST 
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Despite longer monsoons, V-Mart maintains its high-single digit same-store sales growth guidance.
(Photo Source: Company's official Facebook page)
The performance of core V-Mart stores remains steady; while Unlimited’s turnaround seems decisively in play (40 new stores added since acquisition are now firing at 5-6% pre-IND AS Ebitdam vs 1.5% for legacy stores)
