Motilal Oswal reiterates a BUY rating on V-Mart Retail with a revised target price of INR 1,040. The brokerage anticipates robust revenue growth driven by store additions and same-store sales growth, benefiting from increased disposable incomes in rural India and a shift towards organized retail. Margin expansion is also projected due to reduced losses from LimeRoad, improved store productivity, and cost efficiencies. V-Mart is highlighted as a top retail pick for 2026, trading at a modest valuation compared to peers.