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Markets

Vishal Mega Mart shares sink 8% as Q2 margin takes a hit despite profit growth

viaeconomictimes.indiatimes.com21 Oct
Vishal Mega Mart shares sink 8% as Q2 margin takes a hit despite profit growth
Vishal Mega Mart shares fell sharply on Wednesday after the retailer reported a 110-basis-point year-on-year contraction in EBITDA margin to 12.1% in Q2FY27. Net profit rose 3.7% to Rs 157.9 crore, while revenue increased 14% to Rs 3,398.5 crore. The company attributed margin pressure to a shift in…

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