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V-Mart Retail Ltd ( (IN:VMART) ) has shared an announcement.
V-Mart Retail Limited reported a significant financial performance improvement for the third quarter of FY25, with a 15% year-on-year increase in revenue to INR 1,027 crore and a 154% rise in profit after tax. The company’s same-store sales grew by 10% during the quarter, and it expanded its footprint by opening 21 new stores, bringing the total to 488 stores nationwide. This growth, coupled with the receipt of the ICSI Awards for Excellence in Corporate Governance, underlines V-Mart’s strong market positioning and commitment to ethical standards, enhancing its reputation among stakeholders.
More about V-Mart Retail Ltd
V-Mart Retail Limited is a leading value fashion retailer in India, operating 488 stores across 305 cities in 27 states and Union Territories. Founded in 2002, the company focuses on providing affordable, high-quality fashion apparel, footwear, home furnishings, general merchandise, and kirana primarily for Tier II and III cities. V-Mart adopts a value retailing approach, catering to the aspirations of the growing middle class, and supports a digital-first strategy through its omni-channel platform LimeRoad and other leading marketplaces.
YTD Price Performance: -17.17%
Average Trading Volume: 3,617
Current Market Cap: 63.56B INR
See more insights into VMART stock on TipRanks’ Stock Analysis page.