Vivara stock reports 9.5 percent revenue growth in Q2
Published on 10/07/2026 at 06:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Vivara (BRVIVAACNOR0) reported Q2 2026 net revenue of BRL 833.10 million, up 9.5 percent from the prior-year quarter. The stock was last at BRL 27.84 on B3 on October 6, 2026, up 1.46 percent for the session.
Revenue grows faster than profit
According to TraderNews, Q2 EBITDA before IFRS 16 reached BRL 205.40 million, an increase of 4.9 percent, while pre-IFRS 16 net income rose 0.9 percent to BRL 156.70 million. Revenue therefore expanded more quickly than operating profit, making expense control the central operating issue.
The same Q2 analysis reported BRL 416.70 million in cash including securities as of June 30, 2026, and net debt of BRL 140.90 million. The balance sheet gives Vivara room to fund store growth, but the profit comparison shows that expansion must translate into operating leverage rather than only higher sales.
Store growth meets metal costs
Bloomberg Linea reported on October 2, 2026, that Vivara plans to open a JK Iguatemi store in Sao Paulo on October 17, 2026. The company had 520 points of sale across 316 malls at the end of June, after adding 22 locations during the first half.
The expansion comes with a cost challenge. Bloomberg Linea said first-half gross margin reached 70.9 percent, while net debt fell 57 percent year over year to BRL 140.90 million. The combination of margin protection and lower leverage supports the store strategy, but slower profit growth leaves less room for execution errors.
Targets remain above the stock
In a report published on September 29, 2026, JPMorgan reiterated an overweight rating and a BRL 30 price target for December 2027, according to El Fondo. The bank also cut its 2026 net income forecast by 9 percent to BRL 596 million, citing higher precious-metal prices and volatile tax credits.
TraderNews listed 17 analyst opinions on September 30, 2026, with a Buy consensus, 15 Buy ratings and 2 Neutral ratings. The average target was BRL 34.73, which lies 24.75 percent above the October 6 stock price of BRL 27.84. For investors, the gap depends on whether new stores can lift profit faster than costs.
Vivara stock advances on B3
Vivara stock was last at BRL 27.84 on B3 on October 6, 2026, up 1.46 percent. Its market capitalization was BRL 6.5 billion on October 6, 2026.
Vivara stock facts
- Company: Vivara Participações S.A.
- ISIN: BRVIVAACNOR0
- Ticker: VIVA3
- Trading venue: B3
- Price (as of October 6, 2026): BRL 27.84
- Market capitalization: BRL 6.5 billion (as of October 6, 2026)
- Sector / Industry: Cyclical consumer goods / jewelry retail
Upcoming dates for Vivara stock
- October 17, 2026: JK Iguatemi store opening
- November 5, 2026: Q3 2026 results
- November 6, 2026: Q3 2026 results conference
