Vishal Mega Mart IPO: Is it a mega deal for mega savings?
Live MintVishal Mega Mart, a household name synonymous with affordable fashion, is set to launch its ₹8,000 crore initial public offering on Wednesday. Impressive show Vishal Mega Mart has demonstrated a strong track record of growth and profitability, with revenue rising at a compound annual growth rate of 26.3% between FY22 and FY24. This metric, calculated as store capital expenditure to annual store Ebitda, highlights the efficiency of its operations and positions Vishal Mega Mart as the leader in store payback among leading offline-first diversified retailers in India. Geographic gamble Despite its rapid store expansion, Vishal Mega Mart's revenue is heavily concentrated in a few key regions. This shift in household demographics aligns with Vishal Mega Mart’s target market, providing ample scope to expand its presence and capture a larger share of India’s retail market.