Shares of Vishal Mega Mart are up over 6.5% on Wednesday, April 2, and are among the top gainers in the broader markets.

The stock has seen a sharp surge as many of its peer retailers have come out with strong business updates for the March quarter.

V-Mart Retail reported a 17% revenue growth for the quarter, while its Same Store Sales grew by 8% from last year. The company also added 53 net stores during the financial year.

Shares of V-Mart Retail are trading with gains of 10% on Wednesday.

Another retailer, V2 Retail, saw 69% revenue growth during the March quarter, while same store sales grew by 24% on a year-on-year basis. For financial year 2025, same store sales grew by 29%.

The company opened 74 new stores during the financial year and closed only two.

Shares of V2 Retail are locked in an upper circuit of 5% at ₹1,809.9.

Baazar Style Retail came out with its business update on Wednesday, where its revenue grew by 55% during the March quarter and 38% for the full financial year.

Same store sales for the quarter and the full financial year saw growth of 20% and 13% respectively compared to the same period last year.

Total store network also expanded to 58 stores during the year, a growth of 76% year-on-year.

Shares of Baazar Style Retail are trading 17% higher on Wednesday at ₹303.48.

In light of these strong business update, the street is anticipating an equally strong update from Vishal Mega Mart.

Ahead of its Q4 business update announcement, shares of Avenue Supermarts, parent company of hypermarket chain D-Mart are also trading with gains of 1.7% on Wednesday.

Shares of Vishal Mega Mart are currently trading 5.7% higher at ₹109.65.