The Q4 net loss of value fashion retailer V-Mart Retail widened to Rs 39 crore from Rs 37 crore recorded in the corresponding quarter last year.
Despite the loss, the company’s revenue for the quarter increased by 13 per centto Rs 669 crore from Rs 594 crore in the corresponding quarter of the previous fiscal year.
For the full financial year 2024, V-Mart reported a net loss of Rs 97 crore on a revenue of Rs 2,786 crore.
The same store sales grew by 6 per cent Y-o-Y for the quarter, driven by better footfall growth during the festive and wedding seasons. The company remains focused on its store expansion plan, having opened 46 new stores in FY24 while closing 25 underperforming ones, bringing the total number of stores across India to 444 by the year-end.
Founded in 2002, V-Mart Retail is an omni retail store chain offering fashion apparel, footwear, home furnishings, general merchandise, and kirana.
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