Vishal Mega Mart Q2 results: The company has reported a consolidated net profit of ₹157.9 crore in Q2, up 3.7 per cent on a Y-o-Y basis. Its profit margin contracted to 4.6 per cent in the quarter.
Gunender Kapur was appointed MD and CEO for a period of three years, with effect from June 27, 2024. His existing term of three years is due to expire on June 26, 2027.
Total expenses increased 18.5 per cent to ₹3,414.19 crore, while the board proposed capping aggregate foreign ownership at 49.99 per cent, subject to shareholder approval