V-Mart Retail Limited announced its financial results for the third quarter ending December 31, 2024, showcasing impressive growth in revenue and a significant turnaround in net profit.
Key Financial Highlights (YoY Comparison):
- Revenue from Operations: ₹1,026.73 crore, up 15.6% YoY from ₹889.05 crore in Q3 FY24, driven by higher store footfalls and festive season demand.
- EBITDA: ₹171 crore compared to ₹119 crore YoY, reflecting a robust growth of 43.7%.
- EBITDA Margin: 16.69% vs 13.46% YoY, showing improvement due to better cost controls and increased operational efficiencies.
- Net Profit: ₹71.63 crore compared to a loss of ₹56.51 crore YoY, marking a substantial recovery attributed to effective cost management and improved inventory turnover.
V-Mart Retail attributed its robust performance to a combination of strategic expansion, increased consumer spending, and strong same-store sales growth. The company highlighted that its focus on efficient inventory management and pricing strategy contributed significantly to profitability.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.
