Conference Call with V2 Retail Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Department Stores company V2 Retail announced 9MFY25 & Q3FY25 results Q3FY25 Financial Highlights: Revenue from operations stood at Rs 590.9 crore, registering a growth of 58% on YoY basis. Gross Margin stood at 32.1% for Q3FY25 as compared to 31.4% for Q3FY24. EBIDTA for Q3FY25 stood at Rs 111.5 crore as compared to Rs 60.9 crore in Q3FY24, registering a growth of 83% on YoY basis. EBIDTA margin stood at 18.9% for Q3FY25 as compared to 16.3% for Q3FY24. PAT for the Q3FY25 stood at record Rs 51.2 crore as compared to Rs 23.6 crore in Q3FY24, registering a growth of 117% on YoY basis. 9MFY25 Financial Highlights: Revenue from operations stood at Rs 1,386 crore, registering a growth of 60% on YoY basis. Gross Margin stood at 29.8% for 9MFY25 as compared to 30.3% for 9MFY24. EBIDTA for 9MFY25 stood at Rs 200 crore as compared to Rs 116.4 crore in 9MFY24, registering a growth of 72% on YoY basis. EBIDTA margin stood at 14.4% for 9MFY25 as compared to 13.4% for 9MFY24. PAT for the 9MFY25 stood at record Rs 65.6 crore as compared to Rs 24 crore in 9MFY24, registering a growth of 172% on YoY basis. Ram Chandra Agarwal, Chairman & Managing Director said: "We're thrilled to report a stellar overall performance for the first nine months of the financial year. The Company has been able to deliver industry leading performance despite higher base and overall subdued consumer sentiment. We believe, the outperformance is a testament to the success of our strategic initiatives, which have driven excellence in innovative product development; enhanced store experiences; exceptional customer satisfaction. At V2 Retail, the strategic initiatives undertaken so far and those under implementation has a potential to further improve our overall performance positively. By focusing on penetrating underserved rural markets and maintaining a strong presence in Tier I and Tier II cities, we reach a diverse customer base alongside understanding and responding to the unique preferences and needs of our customers across different regions through localized product offerings and personalized shopping experiences has given us the edge compared to others. We believe this is just the start and we are geared to set up new benchmark both in terms of customer satisfaction and resultant reflection in our performance. We have added another 21 stores during the current quarter. The store addition momentum will continue as we have a very healthy pipeline of upcoming stores. Our diverse product range, competitive pricing and exceptional shopping experience ensure that we provide significant value to our customers. As we continue to grow and innovate, we remain committed to making fashion accessible to all, uplifting communities, and driving sustainable growth. Our seasoned team of designers, merchandisers, and inventory management experts has given us a competitive edge, setting us apart from our peers. Their expertise enables us to, create on-trend designs that captivate our customers; curate product assortments that meet evolving market demands; optimize inventory levels for maximum efficiency and minimal waste. Our customers' enthusiastic embrace of our unique products at competitive prices (MRP) is a resounding endorsement of our customer-centric approach. By prioritizing, fresh and varied product offerings; uncompromising quality and exceptional value for money. The growth across all our stores have been encouraging, translating into a robust SSG of 31% in 9MFY25. “ Result PDF