12 February 2022, Mumbai:
The consolidated net profit of V-Mart Retail increased by 19.30 per cent year-on-year (YoY) to Rs 57.11 crore in the third quarter ended December 31, 2021. The company's profit stood at Rs 47.87 crore in the corresponding quarter of the previous financial year.
The value fashion and lifestyle products retailer's revenue from operations grew 47.23 per cent YoY to Rs 692.01 crore in the reported quarter against Rs 470.01 crore in October to December period a year ago.
Its EBITDA grew by 30.33 per cent to Rs 135.31 crore in the December 2021 quarter, as against Rs 103.82 crore posted last year.
Total expenses rose to Rs 618.24 crore as against Rs 406.58 crore a year ago. Founded in 2002, V-Mart is a complete family retail store chain offering apparel, footwear and accessories for men, women and kids. The company also offers a wide range of home furnishings, general merchandise, toys, tableware, utensils, and other home utility items.
The rich expertise of 17 years in delivering high-quality affordable fashion, coupled with a wide network of 200+ stores across 171 towns in 17 states and the motto of ‘Price"Less" Fashion' has helped V-Mart win the trust of more than 3 crore satisfied customers every year.
