V-Mart Q3 Revenue Rises 10% YoY

V-Mart, a fashion retailer, recently shared its business update for the December quarter.

Their total revenue grew by 10% compared to the same period last year, reaching ₹1,126 crore.

However, sales in their existing stores (same-store sales) did not grow for their main V-Mart format, but their Unlimited format saw a 2% increase.

The company explained that the timing of festivals, like Durga Puja, affected their sales.

When looking at the combined performance of the September and December quarters, they saw a 5% increase in same-store sales and a 15% rise in revenue, showing that demand is still strong.

V-Mart also opened 23 new stores during the quarter, bringing their total to 554 stores across various states in India.

Their stock price ended at ₹706 on January 2, but it has decreased by 10.10% over the past month.