V Mart Retail declares Q4FY22 result: V-Mart reports 30% revenue growth and 50% increase in EBITDA YoY, for Q4, FY’22 Full year revenue zooms by 55% and EBITDA by 56%, proposes 7.5% dividend The company reported revenues of 459 cr, +30% YoY in partially covid impacted Q4 for FY’22 led by a good festive season across most of its markets, pan-India. Fresher inventory, higher gross margin contribution from south India stores, lower discounts, and control over expenses despite significant inflationary pressures, led to a healthy 50% increase in EBITDA, YoY. For the full year, revenues increased to Rs. 1,666 cr, +55% YoY for FY’22 reflecting a sharper growth from a significantly covid impacted last year. EBITDA for the full year also rose by 56% to Rs.204 cr, while the PAT increased to Rs.12 cr, vs a loss of Rs.-6 cr in the covid impacted previous year. The board of directors in their meeting held today, proposed a 7.5% dividend for the FY’22 subject to approval by the shareholders in the ensuing general meeting. Result PDF
Department Stores firm V Mart Retail declares Q3FY22 result: V-Mart revenue grows by 67% and EBITDA by 58% YTD December, YoY Sales & EBITDA both above pre-pandemic levels in Q3 Q3 saw a bounce back across all markets with strong festive demand and onset of winters. The company reported Quarterly Revenue of INR 692 Cr and EBITDA of INR 135 Cr growing by 47% and 30% year on year (YoY), respectively. The quarter also saw a successful integration of the Unlimited business in South and West India which also contributed positively to the overall profitable growth. For the period ended 31st December, the company’s revenue grew by 67% YoY to INR 1207 Cr and EBITDA grew by 58% to INR 154 Cr. The Company added 9 new stores and closed 3 stores in the quarter, taking the overall store count to 374 as of 31st December 2021. The outlook remains positive for the ramp up of new stores which is in line with historical growth trends. The company also revamped its online platform with significant tech upgrades leading to an enhanced customer experience and parallel launch on Amazon and Myntra. Commenting on the company’s performance in Q3, Mr. Lalit Agarwal, MD, said “Consumer trust in V-Mart has seen an all time high growth with significant increases in their average bill sizes and repeat rates, this overall increasing the annual customer value. Attractive marketing schemes and campaigns coupled with vibrant new season merchandise increased the customer footfalls and conversions. Digital content and social media initiatives remain increasingly central to the overall marketing strategy.” Special festive drives such as “Love for fashion every occasion” also played a significant hand in propelling the quarters sales. Loyalty customers continued to demonstrate a strong growth trajectory. Multi-dimensional customer segmentation, personalized communication, coupon-based activations, and gamification vastly improved customer experience. Result PDF