Archive · 30 Sep 2025
JM Financial Initiates Coverage on Vishal Mega Mart with Buy Rating
JM Financial, a financial company, is recommending people buy stock in Vishal Mega Mart (VMM), a store that sells clothes and other things.
They believe VMM is a good investment because it's growing by selling in smaller towns and offering its own brands.
JM Financial expects the company to make more money and increase sales.
Their analysis indicates strong growth potential due to its asset-light structure, efficient supply chain and strong private label sales.
They believe the stock price will increase, estimating a 22% upside.
JM Financial initiated coverage on Vishal Mega Mart with a 'Buy' rating.
The brokerage firm set a 12-month price target of Rs 175.
VMM focuses on expansion in Tier 2+ markets.
Private label products make up approximately 73% of VMM revenue.
JM Financial projects strong revenue and EBITDA growth for VMM.
- Who
- JM Financial and Vishal Mega Mart (VMM)
- What
- JM Financial initiated coverage of VMM with a 'Buy' rating.
- When
- Coverage initiated recently.
- Where
- Operates across India, with a focus on Tier 2+ markets.
- Why
- Based on growth potential, operational efficiency, expansion plans, and financial performance.
- Rating (JM Financial)
- BUY
- Target Price (JM Financial)
- Rs 175
- Potential Upside
- 22%
- Number of Stores (June 30)
- 717
- Private Label Revenue (FY25)
- ~73%
- Store-Level RoCE
- ~58%
- Expansion Cadence
- 90-100 stores per year
