Vishal Mega Mart Limited IPO (Vishal Mega Mart Limited IPO) Details

Incorporation Year: 2001
Industry: Retail – Hypermarkets and Supermarkets

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Business Profile

Vishal Mega Mart is one of India’s leading hypermarket chains, offering a diverse range of products to meet the daily needs of middle- and lower-middle-income families. The company operates through a Pan-India network of stores, a mobile app, and a website, providing an omnichannel shopping experience.

Product Categories:

1. Apparel: Men’s, women’s, children’s, and infants’ clothing, including casual, formal, and ethnic wear.
2. General Merchandise: Home appliances, cookware, furnishings, toys, stationery, travel products, and footwear.
3. Fast-Moving Consumer Goods (FMCG): Packaged foods, staples, and non-food items such as home care products.

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Key Metrics and Operations

• Store Network:

  • As of September 30, 2024: 645 stores across 414 cities in 28 states and two union territories.
  • As of June 30, 2024: 626 stores nationwide.

• Delivery Services:

  • Direct Local Delivery: Available in 600 stores across 391 cities, catering to 6.77 million registered users (as of September 30, 2024).

• Employees: 16,537 employees (as of September 30, 2024).

• Business Model: Asset-light, with all distribution centers and stores leased, and products manufactured or sourced from third-party vendors.

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Own Brand Portfolio

1. Apparel:
   • Classics, Fashion, Denim, Ethnic
2. General Merchandise:
   • Tandem Home Appliances, Home Select, Home Finery
3. FMCG:
   • Savory Products, Staples, Home Care

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Competitive Strengths

1. Large Consumer Base: Serves a significant and growing section of the Indian population.
2. Consumer-Centric Approach: Focus on affordability, quality, variety, and convenience has fostered loyalty.
3. Diverse Product Portfolio: Strong mix of own and third-party brands across multiple categories.
4. Pan-India Presence: Established in 414 cities, showcasing successful store expansion.
5. Technology-Driven Operations: Systems-enabled processes for efficiency.
6. Experienced Management: Led by a professional and experienced team.
7. Strong Financial Performance: Track record of delivering revenue and profit growth.

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Revenue Highlights

• Own Brand Performance:
  Over the three months ending June 30, 2024, revenue from own brands contributed 74.09%, 71.81%, 70.50%, and 70.20%, respectively.

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Vision and Strategic Mission

Vishal Mega Mart aims to provide a seamless shopping experience through affordable and diverse offerings. With a focus on expanding its footprint and leveraging technology, the company is committed to meeting the daily needs of Indian households while driving sustainable business growth.