<ul><li>Vishal Mega Mart is well placed for sustained profitable growth with its value pricing strategy and focus on private labels.</li><li>ICICI Securities sees up to 32% upside potential for Vishal Mega Mart.</li><li>Vishal Mega Mart has the opportunity to negotiate better terms of trade from branded FMCG players compared to larger peers.</li><li>Vishal Mega Mart is focused on targeting the middle class population and prioritizing private labels to provide value to customers.</li></ul>

'Buy' Vishal Mega Mart Maintains ICICI Securities, Sees Upto 32% Upside — Here's Why

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