Motilal Oswal Recommends 'Buy' on Vishal Mega Mart; Sets Rs 170 Target

• Motilal Oswal reiterates 'Buy' rating for Vishal Mega Mart with a revised target price of INR 170.
• Management expects sustained double-digit Same-Store Sales Growth (SSSG) driven by a 75% own brands portfolio.
• Company focuses on premiumization, volume-led growth, and technology adoption like warehouse automation and RFID.
• Efficient supply chain (<3% of revenue) and frugal operations are expected to drive EBITDA margin expansion.
• Outlook remains positive due to consistent growth trajectory and potential for margin expansion.

Why It Matters: Motilal Oswal recommends 'Buy' on Vishal Mega Mart, citing strong growth and margin expansion potential.