The company has reported a 13 per cent increase in revenue from operations, which rose to Rs 885 crore in the recently concluded quarter
Marking a significant improvement in its performance, V-Mart Retail, a value fashion retailer, has reported a 177 per cent year-on-year (YoY) surge in its net profit in the first quarter of the current financial year (Q1FY26). The net profit rose to Rs 33.6 crore in Q1FY26 from Rs 12.14 crore in Q1FY25.
The financial results of the company revealed a 13 per cent increase in revenue from operations, which rose to Rs 885 crore in the recently concluded quarter from Rs 786 crore in Q1FY25. The profit percentage was 3.8 per cent in Q1FY26, as compared to 1.5 per cent in Q1FY25. The days of inventory improved by 5 per cent YoY to 93 days.
Same-store sales growth (SSSG) for the quarter stood at 1 per cent YoY. Adjusting for the preponement of Eid to the previous quarter this year, normalised SSSG was 5 per cent YoY, driven equally by V-Mart and Unlimited, both delivering 5 per cent growth
The earnings before interest, tax, depreciation and amortisation (EBITDA) grew 27 per cent YoY to Rs 126 crore from Rs 99 crore in the corresponding period of the previous fiscal (Q1FY25), the company said in a regulatory filing.
The company remains focused on its store expansion plan and opened 15 new stores and closed two underperforming stores during the quarter, taking the total number of stores pan-India to 510 across 27 states and union territories (UTs) at quarter end. The company emphasised that primarily focusing on tier two and three cities, V-Mart is present pan-India with an average store size of 8,000 square feet.
