V-Mart Cuts FY26 Revenue Growth Forecast to 15-18% After Weak Festive Sales

• V-Mart Retail has lowered its FY26 revenue growth forecast to 15-18% from 17-20% due to weaker-than-expected festive season sales.
• Managing Director Anand Agarwal noted steady demand but soft festive momentum, expecting gradual margin improvement despite a seasonally weak Q4.
• The company plans to expand its store network by 13-15% annually, focusing on V-Mart and Unlimited brands, seeing long-term potential in organized apparel retail.
• V-Mart's shares are down over 21% in the past year, with a market capitalization of approximately ₹4,635 crore.
• Agarwal highlighted significant headroom for growth in India's organized apparel retail, with only 30% currently organized, and new stores showing good traction.

Why It Matters: V-Mart revised down its FY26 revenue growth target due to weak festive sales, but remains optimistic on long-term growth.