Samayat Services LLP Plans 6.5% Stake Sale in Vishal Mega Mart via ₹3,507.5 Crore Block Deal
Samayat Services LLP is likely to divest up to 6.5 percent of its stake in Vishal Mega Mart Ltd through a block deal, according to sources familiar with the development. The proposed transaction is valued at ₹3,507.5 crore.The floor price for the deal has been set at ₹115 per share, reflecting a discount of 9.8 percent to the prevailing market price. Shares sold under the block arrangement will be subject to a 150 day lock in period.
The potential stake sale comes at a time when Vishal Mega Mart has reported steady growth in earnings and continued expansion across key markets.
Vishal Mega Mart Q3 Results: Profit Rises 19.1% to ₹312.9 Crore
For the third quarter, Vishal Mega Mart reported a net profit of ₹312.9 crore, marking a 19.1 percent increase from ₹262.7 crore in the corresponding period last year.Revenue for the quarter rose 17 percent to ₹3,670 crore, compared with ₹3,135.9 crore in Q3 of the previous year.
Operational performance remained strong. EBITDA grew 20 percent year on year to ₹605.4 crore from ₹504.5 crore. EBITDA margins improved to 16.5 percent from 16.1 percent, reflecting better operational efficiency.
Adjusted same store sales growth stood at 9.6 percent. The company said there was a 2.1 percent adverse impact in Q3 due to the early onset of Durga Puja festivities shifting to the second quarter this year.
Store Expansion Gains Momentum Across Key States
During the quarter, the company added 29 new stores without any closures. This took the total store additions for the first nine months to 80.Expansion efforts continue across strategic states including Kerala, Gujarat, and Maharashtra, as the supermarket chain accelerates its rollout plans.
Managing Director and CEO Gunender Kapur said the company witnessed healthy festive demand across product categories. He highlighted the strength of the company’s own brands and its positioning in opening price points as key drivers of store footfalls. The company also maintained momentum in its accelerated store expansion strategy.
He added that India is positioned for the next phase of consumption growth, supported by GST rate rationalisation and reforms in direct taxation, and expressed optimism about the potential long term impact on the business.
Vishal Mega Mart Share Price
Shares of Vishal Mega Mart Ltd ended at ₹127.50 on the BSE on February 26, gaining ₹4.65 or 3.79 percent during the session.The proposed block deal and strong quarterly performance place the company in focus for investors tracking developments in the retail and supermarket sector.
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