Conference Call with V-Mart Retail Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Department Stores company V-Mart Retail announced Q1FY24 results: Revenue of Rs 679 crore in Q1FY24, up 15% YoY. The company's EBITDA and PAT stood at Rs 53 crore and Rs (-22) crore respectively. The Company’s EBITDA margin stood strong at 13% of revenue excluding the loss contributed from the newly acquired Limeroad marketplace segment. The strategic integration of LimeRoad continued to thrive as the pla?orm's revenues increased by 47% QoQ paving the way for robust omni operations in the coming future. The Company remains focused on its store expansion plan and opened 9 new stores in Q1FY24, taking the total number of stores to 431. The Company’s newly owned warehouse in Palwal, Haryana also became operational during Q1FY24. Result PDF