Department Stores company V-Mart Retail announced Q4FY23 & FY23 results: Q4FY23: Revenue of Rs 594 crore, up 29% YoY EBITDA and PAT stood at Rs 23 crore and Rs (-37) crore respectively. The same store sales (SSSG) grew by 10% YoY for the quarter and by 23% YoY for the full year. FY23: Revenues for full year FY23 was Rs 2,465 crore, growing by 48% YoY EBITDA and PAT for the year stood at Rs 269 crore and Rs (-8) crore, respectively. Maintaining a steady rate of expansion, the company opened 17 new stores in Q4 and 59 new stores in the year, taking the tally of total stores to 423. Result PDF
Conference Call with V-Mart Retail Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
V-Mart Retail announced Q3FY23 results: Q3FY23: Company reported a revenue of Rs 777 crore, up 12% YoY. EBITDA and PAT stood at Rs 104 crore and Rs 20 crore, respectively for the quarter. The company opened 15 new stores including 1 store in the South, and closed 6 stores, during the quarter, taking the total store count to 414 as on Q3FY23. The Unlimited stores in South, which were acquired last year, completed 1 year of continued profitable operations and is growing steadily with 7 store additions this year. The newly acquired Limeroad.com business is in a stabilization phase and both these acquisitions remain the future growth drivers for the company. Result PDF