V-mart Retail

V-Mart faces tough road ahead despite promising June quarter: Nuvama

The retail chain operator faces several hurdles, including evolving customer preferences, disruptions in transport logistics, and intensifying competition, analysts at domestic brokerage Nuvama said.

Axis Securities picks V-Mart as 'Stock Pick of the Week'; Check strategy

Axis Securities on V-Mart: The brokerage remains optimistic on the diversified retail player V-Mart and has assigned a buy rating on the stock while naming it the stock pick of the week for investors

V-Mart up 5% after Q1 biz update impresses investors; store sales up 11%

Shares of retail chain operator V-Mart Retail jumped as much 4.77 per cent to hit a fresh 52-week high of Rs 3,030.25 per share on Wednesday

V-Mart Q3 results: Profit rises 41.3% at Rs 28.23 cr, revenue up 14.4%

V-Mart Retail Ltd on Monday reported a 41.36 per cent increase in net profit to Rs 28.23 crore for the third quarter ended December 2023, helped by the festive season. It had reported a net profit of Rs 19.97 crore in the October-December period a year ago, according to a regulatory filing by the value retailer. Its revenue from operations was up 14.43 per cent to Rs 889.05 crore during the quarter under review. It was at Rs 776.88 crore in the corresponding quarter. "Good festive demand in the quarter helped increase footfalls by 23 per cent reflecting an improved consumer sentiment. Winter season was delayed and remained muted during the quarter. Working capital improved with a decrease in inventory by 12 per cent from last quarter," said an earning statement from the company. V Mart's total expenses were up 15.18 per cent to Rs 865.20 crore, up 15.18 per cent in the December quarter of FY24. Its revenue from retail trade was at Rs 872.04 and Rs 17.01 crore from digital market p

Rajesh Exports, Brightcom: Trading strategies for top losers in 2023 so far

Among the Nifty 500 index losing pack so far, Rajesh Exports, Delta Corp and V-Mart Retail can potentially gain up to 15 per cent from current levels, charts show.

V-Mart Retail reports net loss at Rs 64 crore in July-September quarter

V-Mart Retail Ltd on Monday reported a net loss of Rs 64.12 crore for the second quarter ended September 2023. It had incurred a net loss of Rs 11.31 crore in July-September period a year ago, according to a regulatory filing by the value retailer. Revenue from operations in the September quarter was Rs 549.43 crore. It was at Rs 506.16 crore in the corresponding quarter, it said. According to the company, its results are not comparable as the results include business operations of digital marketplace LimeRoad acquired during the previous year. "Accordingly, result of the quarter ended September 30, 2022 is not comparable," it said. V Mart's total expenses in the September quarter were at Rs 637.84 crore. Shares of V-Mart Retail Ltd on Monday settled at Rs 1,702.45 apiece, down 0.46 per cent from the previous close.

V-Mart Retail posts Rs 22 crore net loss in Q1 for quarter ending June

V-Mart Retail on Wednesday reported a net loss of Rs 21.94 crore in the June quarter. It had reported a net profit of Rs 20.45 crore in the April-June period a year ago, V-Mart said in a regulatory filing. However, its revenue from operations was up 15.41 per cent to Rs 678.52 crore in the first quarter of the ongoing fiscal as against Rs 587.88 crore in the year-ago period. "The company's EBITDA margin stood strong at 13 per cent of revenue excluding the loss contributed from the newly acquired Limeroad marketplace segment," an earning statement from V-Mart Retail said. EBITDA refers to Earnings Before Interest, Taxes, Depreciation and Amortisation. Total expenses of the value fashion retailer were up 25.67 per cent to Rs 708.99 crore in the first quarter of FY 2023-24. In the June quarter, its total income was at Rs 680.02 crore, up 14.87 per cent. The company continued its store expansion plan and opened 9 new stores in the June quarter, taking the total count to 431. Shares

Fashion retailer V-Mart Retail to acquire online marketplace LimeRoad

Fashion retailer V-Mart Retail Ltd on Monday said it will acquire online marketplace LimeRoad, in a move which will help the company expand its presence in the omni-channel space. The company has signed a "business transfer agreement with A M Marketplaces (LimeRoad) and certain other parties for the acquisition of its LimeRoad business as a going concern on a slump sale basis," said V-Mart Retail in a regulatory filing. Over the nature of consideration, V-Mart said: "for the acquisition of LimeRoad business, the company shall pay lump sum cash consideration of Rs 31.12 crore, which amount shall be subject to adjustments as mutually agreed between the parties." Moreover, V-Mart is also "acquiring assets worth Rs 14.61 crore and assuming current liabilities of Rs 36.26 crore", which shall be subject to adjustments as mutually agreed between them, it added. LimeRoad's net revenue in FY22 was Rs 69.31 crore. In a statement, V-Mart said: "Given the underlying strong unit economics post

HSBC Bank Mauritius sells 7% shares of V-Mart Retail for Rs 392 cr

HSBC Bank Mauritius on Monday offloaded 13.91 lakh shares of retail company V-Mart Retail for Rs 392 crore through an open market transaction. According to the bulk deal data available with the BSE, HSBC Bank Mauritius Limited AC Jwalamukhi Investment Holdings sold 13,91,826 shares, amounting to 7.04 per cent stake in the company. The shares were disposed off at an average price of Rs 2,816.29 apiece, taking the transaction value to Rs 391.97 crore. Meanwhile, Plutus Wealth Management LLP picked up 11,45,000 shares of the company. As of June quarter, HSBC Bank Mauritius Limited AC Jwalamukhi Investment Holdings owned 7.04 per cent stake in the company, shareholding pattern showed with the bourse. On Monday, shares of V-Mart Retail settled 3.49 per cent lower at Rs 2,892.75 apiece on the BSE.

After 2-yr pandemic thrift, 'revenge spending' likely this festival season

The festival season kicks off with Onam end-August right through Diwali in October

Despite biting inflation, analysts bullish on retail stocks for long haul

Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic

Arvind Fashions to sell Unlimited retail biz to V-Mart Retail; stock up 16%

The company would receive cash consideration estimated at about Rs 150 crore upon the closure of transaction and thus, will fully recover the capital employed in the business

Apparel retailers on weak footing as Covid-related curbs dent sales

Higher raw material costs will put pressure on profitability

V-Mart Retail raises Rs 375 cr from qualified institutional buyers

V-Mart Retail on Wednesday said it has raised Rs 374.99 crore

Safety factor swells the carts of e-commerce firms this festive season

Convenience and comfort of ordering from homes apart from discounts pushing people to choose e-commerce over offline

V-Mart Retail gains in trade; stock advances 26% in three sessions

For the quarter ended June 2020, V-Mart reported a loss of Rs 33.64 crore as against net profit of Rs 17.60 crore in the year-ago period.

Lockdown 4.0: Stand-off between retailers and malls over rentals worsens

At the heart of the matter are revenue-share rental agreements that retailers are mooting over fixed-rent contracts that they say are unsustainable

Value-chain fashion retailers see a blip in business in 2019 amid slowdown

Future Group also has plans to invest Rs 350 crore to open 140 exclusive outlets in the next two years.

V-Mart to hire 2,000 people, invest Rs 115 crore for 60 new stores in FY20

V-Mart has already opened 20 new stores this fiscal and now operates 233 outlets.

Fashion firms feel slowdown pangs for second straight quarter; sales down

Same-store sales growth down to 2-7% in Q1, lower than 3-9% reported in Q4