Shares of Vishal Mega Mart slid 0.6% to ₹105.45 on Thursday, marking a 22% decline year‑to‑date. The dip followed a brief investor day where the company unveiled new private‑label initiatives and a fast‑fashion line.
The firm introduced its "Beyond & Co" apparel format, aiming for an average selling price of ₹900. Analysts noted that the brand’s inventory curation and execution differentiate it from peers.
HSBC analysts maintain a "buy" rating with a target of ₹153, implying a 44.3% upside over the current closing price. Jefferies, also bullish, sets a ₹160 target, a 51% premium. Both brokers highlighted the company’s expansion plans across existing and new formats.
HSBC projected modest Q2 earnings moderation due to the festive shift, yet expects the full‑year performance to stay flat. Jefferies emphasized that heavy investments in tech, supply chain, and automation are offset by strong volumes and sourcing advantages.
The stock sits under the coverage of 21 analysts, 20 of whom recommend a "buy". Despite the negative YTD trend, the consensus remains optimistic about the retailer’s long‑term growth runway.
Looking ahead, investors will watch the forthcoming Q2 earnings for any deviation from the forecast. Guidance on capital expenditure and margin targets will likely shape the next trading session.