V-Mart Retail Ltd. share price target

Revenue declined 44% YoY (11% beat), better than other apparel companies. Strong cost control measures enabled it to achieve breakeven at the EBITDA level at -INR3m (est. INR32m loss). We increase our FY21E revenue/EBITDA estimates by 7%/2% on better than expected result. Further, we revise FY22E EBITDA up by 26% on gross...

V-Mart Retail (VMART) reported a Q2FY21 revenue decline of 44% YoY to Rs 1.8bn in a seasonally dull quarter compounded by the lockdown.

Key takeaways from our recent interaction with the V-Mart Retail management (VMART).

Battered by no meager stress in the retail fashion industry owing to large scale lockdowns nationally, V-Mart Mart posted 82.1% decline in revenues in the first quarter of FY21 the sharpest decline thus far. Business remained largely impacted in April and mostt parts of May with operational days at a dismal 2% and 22% respectively. Stress in discretionary consumer spend...

V-Mart Retail (VMART) reported a below-expected Q1FY21 revenue plunged 83% YoY to Rs 781mn as SSSg dropped 85% in a lockdown-hit quarter.

The renewed lockdown in V-Mart Retail's (VMART) key markets of Bihar and UP (56% of total stores) will retard demand recovery.

We discussed consumptions trends in the wake of Covid-19 with the management of V-Mart Retail (VMART).

Expensive Valuation:Despite the correction post the pandemic, the stock has retraced to nearly 10% from the peak seen around March 2020.

Weekly Wrap: Better macro prints supported markets. VMART: Lockdown exacts severe toll on business. Banking Credit Tracker: Lockdown mars retail credit growth

Moving from Rural to Urban: V-Mart has gradually been shifting its reach from smaller to bigger cities and towards higher value retailing.