Vishal Mega Mart Shares May Rally 34%, Says ICICI Securities — Check Stock Rating, Target Price

Vishal Mega Mart's management sees Kerala as a major opportunity with a potential of ~100 stores, comparable to Uttar Pradesh’s current ~125-store network. Early traction has been encouraging, supported by compact formats and strong value positioning. Tamil Nadu entry will be phased to safeguard store economics..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.ICICI Securities has maintained its 'Buy' rating on Vishal Mega Mart Ltd., assigning a target price of Rs 175, indicating a 34% upside from the current market price of Rs 131. The brokerage highlights robust expansion plans, premiumisation trends, and strong execution as key drivers of growth..Expansion momentum strengthens medium-term visibility Vishal Mega Mart continues to build a dense, repeatable expansion model across tier II/III markets. Kerala has emerged as a strong next-leg opportunity, with management identifying a ~100-store potential, a meaningful opportunity given UP currently has ~125 stores. Early traction has been encouraging, supported by compact formats and strong value perception. Tamil Nadu will be approached in a calibrated manner to protect early unit economics and ensure consistency across the model as the footprint expands..Strong value-led positioning vs peers In Kerala, customers were historically accustomed to cooperative formats offering ~2- 5% savings; Vishal Mega Mart’s sharply priced FMCG and general merchandise products provide a materially stronger value proposition. In markets with DMart overlap, Vishal Mega Mart plays a distinct role in consumer basket, led by fast fashion sharply priced private labels, while DMart remains dominant in full-basket FMCG. This differentiated positioning limits direct head-to-head competition and supports Vishal Mega Mart’s margin resilience..Key risks: Slower-than-expected store addition and same-store sales growth, exit of key managerial personnel and customer shifting towards convenience (quick commerce)..Click on the attachment to read the full report:.India Cements Shares In Focus: ICICI Securities Re-Initiates Coverage With 'Hold' Rating.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Vishal Mega Mart Shares May Rally 34%, Says ICICI Securities — Check Stock Rating, Target Price

ICICI Securities is positive on Vishal Mega Mart, sees a potential upside of 34%, check target price.

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