V-Mart Retail announced Q2FY23 results: The company reported a revenue of Rs 506 crore, up 50% YoY from Rs 338 crore EBITDA and PAT stood at Rs 54 crore and Rs -11 crore, respectively for the quarter. The company opened 16 new stores in the quarter, including two in the south, taking the total store count to 405 as on September 30, 2022, maintaining an accelerated pace of expansion. Result PDF
Department Stores firm V Mart Retail announced Q1FY23 Result : V-Mart reports 225% revenue growth YoY and a strong 15% EBITDA for Q1 For the first quarter, the company reported revenues of Rs. 592 Cr, up 225% YoY from Rs. 182 Cr. in last year. EBIDTA and PAT stood at Rs. 89 Cr and Rs. 20 Cr respectively, showcasing strong recovery against the Covid impacted Q1FY22. The Company remained debt free with comfortable inventory, liquidity and cash position. Continued inflationary pressures and increase in product pricing impacted rural and semi urban demand with stores in urban areas & Tier 1 towns performing relatively better. Recently acquired Unlimited stores in South India performed steadily delivering healthy profitability validating a much higher potential to perform at par with V-Mart stores in the future. Result PDF