V-Mart Retail is engaged in the business of Value Retailing through the chain of stores situated at various cities in India. VMRL is mainly involved in value retailing of apparel with a minor presence in non-apparels (footwear, accessories, toys/ games, home textile, furnishing, décor, and appliances, etc.) and Kirana bazaar. It is one of the largest value retail chains in India in terms of store count and retail area, operating 400+ stores with total retail area of ~33 lakh sq. ft. as of September 2022. Most of VMRL stores are located in tier-II, III, and IV cities of India.
- V-Mart Retail Ltd reported Total revenue for Q4 FY23 of ₹593 Crore, up from ₹459 Crore year on year depicting a growth of 29%.
- Total Expenses for Q4 FY23 of ₹653 Crore up, from ₹470 Crore year on year, a growth of 39%.
- Consolidated Net Profit of -(₹37) Crore, down 1,133% from -(₹3) Crore in the same quarter of the previous year.
- The Earnings per Share is -(₹18.70), down 1,506% from -(₹1.33) in the same quarter of the previous year.