V-mart Retail Ltd
NSE:VMART
V-mart Retail Ltd
V-Mart Retail Ltd. engages in the retails of readymade garments and accessories in India. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2013-02-19. The firm is engaged in value retailing through a chain of stores situated in various places in India. The company operates through the Retail Sales segment. The company offers products across three verticals, which include apparel, general merchandise (non-apparel and home mart), and Kirana bazaar. The company provides a range of apparel and accessories for men, women, boys, girls, and toddlers. Its general merchandise includes footwear, home furnishing, kitchenware, toys and games, bags and luggage, and crockery. Its Kirana bazaar includes fast-moving consumer goods (FMCG) products, packaged food items, beauty, and personal care, home care, and staple products. The company operates through approximately 380 stores across 25 states. Its stores are located in states/cities, including Uttar Pradesh, Delhi, Bihar, Jharkhand, Haryana, Uttarakhand, Madhya Pradesh, and West Bengal.
V-Mart Retail Ltd. engages in the retails of readymade garments and accessories in India. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2013-02-19. The firm is engaged in value retailing through a chain of stores situated in various places in India. The company operates through the Retail Sales segment. The company offers products across three verticals, which include apparel, general merchandise (non-apparel and home mart), and Kirana bazaar. The company provides a range of apparel and accessories for men, women, boys, girls, and toddlers. Its general merchandise includes footwear, home furnishing, kitchenware, toys and games, bags and luggage, and crockery. Its Kirana bazaar includes fast-moving consumer goods (FMCG) products, packaged food items, beauty, and personal care, home care, and staple products. The company operates through approximately 380 stores across 25 states. Its stores are located in states/cities, including Uttar Pradesh, Delhi, Bihar, Jharkhand, Haryana, Uttarakhand, Madhya Pradesh, and West Bengal.
Solid Quarter: V-Mart reported one of its best quarters, with strong financial delivery despite mixed signals from weather disruptions and regional challenges.
Profitability: Both EBITDA and PAT saw significant year-on-year growth, with margins expanding due to operational efficiencies, cost control, and improved inventory management.
Expansion: The company added 23 new stores, bringing the total to 554, with new stores ramping up faster than historical averages.
Margin Focus: Gross margin remained stable, supported by higher full price sell-through and reduced discounting; efficiency gains led to improved operating leverage.
Disciplined Growth: Store expansion is fully funded by internal accruals, keeping the balance sheet virtually debt-free and CapEx per square foot below industry averages.
Guidance: Management reaffirmed plans for 75+ new stores this year and expects continued stable to slightly improved margins, with SSSG targeted at 5–8% mid- to long-term.
