Diversified Retail industry
20 companies · ₹3.2 L cr · 5 with AI deep dives · Q1FY27 report
SSSG recovery broad-based but uneven; input-cost and wage inflation cap gross margin even as footfall surges.
- Revenue YoY
- +17.2%
- EBITDA margin
- 8.8%
- +30bps YoY
- Price, 1 year
- -5.8%
- 50% of names up
- P/E vs own 5y
- -39.7%
- 49.0x now
Exhibit 1The quarter in numbers
constant panel of 5 companies above ₹500 cr- Jun 26
- 23,600 cr
- Mar 26
- 21,780 cr
- QoQ
- +8.4%
- Jun 25
- 20,145 cr
- YoY
- +17.2%
- Peak
- 23,600 cr
- vs peak
- 0.0%
- Jun 26
- 8.8%
- Mar 26
- 7.5%
- QoQ
- +130bps
- Jun 25
- 8.5%
- YoY
- +30bps
- Peak
- 8.9%
- vs peak
- -10bps
Breadth: 100% of 7 companies grew revenue year on year (was 100% a quarter earlier) and 43% expanded margin (was 50%).
Exhibit 2What it costs
33.17x - 57.07x across the panel todayThe median name trades at 49.0x, -39.7% against this industry's own 5-year median of 81.3x, and -60.0% against its own peak of 122.5x.
Exhibit 3Structure
₹3.2 L crAvenue Supermarts Ltd is 77.4% of this industry by market cap. The top 5 are 98.7% and the top 10 are 99.9%.
Exhibit 4Screen
P/E below the sub-industry median of 49x, 5y ROCE above its median of 8.93%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (20 of 20)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹239 cr
- P/E
- 277.6x
- EV/EBITDA
- 57.0x
- ROCE
- 2.5%
- Margin
- 3.9%
- Rev YoY
- +100.4%
- Mcap
- ₹14 cr
- P/E
- -
- EV/EBITDA
- 4.5x
- ROCE
- 2.6%
- Margin
- 14.6%
- Rev YoY
- +21.5%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30All five managements reported positive like-for-like or same-store growth: EMIL 34.2%, VMM 10%, VMART 9%, Shoppers Stop 6%, DMART 8.1% on a 24-month basis. Bill cuts and footfall…
- VMM (Q1FY27): “we did a revenue from operations of INR 3,727 crores. This was a growth of 18.7% over…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
Create a free account →