JEFFERIES ON VISHAL MEGA MART ; BUY | TP CUT TO ₹130 FROM ₹160

• Festive timing weighed on Q2, but overall outlook remains intact. • Q3 setup looks stronger. • Management reiterated double-digit full-year SSSG; higher apparel mix in Q3 should support margins. • Store expansion remains on track. • Quick commerce continues to scale, while Belong & Co. is seeing encouraging response.

VISHAL MEGA MART LIMITED

← Back to feed