Vishal Mega Mart promoters likely sell Rs 10,500 crore stake via block deal, stock down 8%

Shares of Vishal Mega Mart cracked 7.8% to their day’s low of Rs 115.10 on the BSE in Tuesday's early trade after the company’s promoter, Samayat Services LLP, likely offloaded a 20% equity stake via a block deal.

91 crore shares of the company worth Rs 10,488 crore change hands at Rs 115 apiece, according to CNBC TV-18.

However, the official parties of the transaction are not currently known.

Previous reports suggested that the promoter was set to offload a 10% stake in the company through block deals, estimated at Rs 5,057 crore, and expected to be executed at a floor price of Rs 110 per share — about 12% lower than Monday’s closing price of Rs 124.90.

On Monday, Vishal Mega Mart shares closed with gains of Rs 1.15, or 0.93%.

Samayat Services held 74.55% stake in the company as on March 31, 2025.

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The mid-cap company, with a market capitalisation of Rs 58,096 crore, was listed on December 18, 2024.

Vishal Mega Mart shares have surged 18% in 2025, so far outperforming Nifty, which has delivered 5% returns on a year-to-date basis. Since its listing, the stock's returns stand at 12%.

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Vishal Mega Mart is a diversified retail company in India, primarily operating as a hypermarket chain. Their core business revolves around providing a wide range of products at affordable prices to middle and lower-middle-income groups. They offer products under categories like apparel, general merchandise and Fast-Moving Consumer Goods (FMCG), including groceries, personal care items and household essentials.

The retail chain reported an 88% year-on-year (YoY) rise in net profit to Rs 115.1 crore for the March 2025 quarter, compared with Rs 61.2 crore in the same quarter last year.

Revenue from operations rose 23.2% to Rs 2,547.9 crore in Q4 FY25, up from Rs 2,068.9 crore in Q4 FY24. Operating performance also improved, with EBITDA climbing 42.6% to Rs 357 crore from Rs 250.5 crore in the year-ago period.

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EBITDA margin expanded to 14% in the reporting quarter, compared with 12.1% a year earlier. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.

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