V-Mart Retail News and Updates

Name: Latest research reports of V-Mart Retail Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: V-Mart Retail Ltd.
Rating: 5
Author: Axis Direct

Keep track of all breaking news on V-Mart Retail from all sources in a single place.

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V-Mart Retail Ltd.

19 May 2023, 12:00AM

737.90

-2.19%

Result Update:V-Mart Retail

Buy: V-Mart Retail Ltd.

Target

Axis Direct

Recommendation With a 22% upside potential from the CMP, we maintain our BUY rating on the stock.

V-Mart Retail Ltd. is trading below all available SMAs

V-Mart Retail Ltd.

18 May 2023

737.90

-2.19%

LimeRoad integration continues to hurt profitability

Buy: V-Mart Retail Ltd.

Target

Motilal Oswal

V-Mart Retail Ltd. is trading below all available SMAs

V-Mart Retail Ltd.

18 May 2023

737.90

-2.19%

V-Mart Ltd.

Hold: V-Mart Retail Ltd.

Target

ICICI Direct

V-Mart Retail Ltd. has an average target of 1051.75 from 5 brokers.

V-Mart Retail Ltd.

17 May 2023

737.90

-2.19%

to see Rapid results content

V-Mart Retail Ltd.

17 May 2023

737.90

-2.19%

Unlimited and online segment drag overall performance

Accumulate: V-Mart Retail Ltd.

Target

ICICI Securities Limited

V-Mart’s Q4FY23 result continues to be tepid. Its revenue performance has been decent (at 8% vs 12% retail expansion 4Y CAGR, 80% revenue share). In Unlimited, we like the relative outperformance in new stores (vs the acquired ones) led by strategic interventions such as: (1) Smaller size stores at ~8,000 sqft (vs 10,000 sqft acquired stores), (2) lower ASP (-7% YoY FY23), (3) high focus on tier-3 cities (75% stores added in tier-3 cities in FY23).

V-Mart Retail Ltd. has an average target of 1051.75 from 5 brokers.

V-Mart Retail Ltd.

17 May 2023

737.90

-2.19%

Pick of the Week:15 May 2023

Buy: V-Mart Retail Ltd.

Target

Axis Direct

We recommend a BUY with a near-term TP of Rs 2,360/share, implying an upside of 10% from the CMP.

V-Mart Retail Ltd. is trading below all available SMAs

V-Mart Retail Ltd.

08 Feb 2023

737.90

-2.19%

Result Update:V-Mart Retail

Buy: V-Mart Retail Ltd.

Target

Axis Direct

Recommendation With a 25% upside potential from the CMP, we maintain our BUY rating on the stock.

V-Mart Retail Ltd. has an average target of 1051.75 from 5 brokers.

V-Mart Retail Ltd.

07 Feb 2023

737.90

-2.19%

V-Mart Retail Results Earnings Call for Q3FY23

Conference Call with V-Mart Retail Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.

audio

V-Mart Retail Ltd.

07 Feb 2023

737.90

-2.19%

Late winter and cost challenges impact 3Q performance

Accumulate: V-Mart Retail Ltd.

Recommendation Target

ICICI Securities Limited

Result has been unexciting; pressure on SSSG (due to late winter), declining margins due to (1) raw material cost pressure, (2) value repositioning (launch of sharp price points) and (3) ~150bps impact of online-platform cash-burn (on EBITDA margin) have been concerning. Positively, incremental store addition in South India (of Unlimited) is tracking well (similar revenue psf as VMART).