V-Mart Reports Robust Growth in Q3FY25; Share Price in Focus

V-Mart Retail Limited reported a 16% year-on-year (YoY) revenue growth in Q3FY25, achieving total revenue of ₹1,027 crore, up from ₹889 crore in Q3FY24. For the nine months ending December 2024, revenue rose 17% to ₹2,473 crore from ₹2,117 crore in the same period last year.

Same-store sales growth (SSSG) stood at 10%, with Unlimited, a subsidiary brand, recording 11%. YTD SSSG stood at 12%

Key Highlights:

• QoQ revenue increased by 55% and YoY revenues grew by 16%. 
• Due to the shift in the Hindu calendar, the Durga Pujo sales period moved from Q3 to Q2 in the current year. 
• LimeRoad digital marketplace recorded ₹11 crore in commission income, despite a 35% YoY decline.

Store Expansion and Market Presence

V-Mart demonstrated aggressive expansion by opening 21 new stores in Q3FY25 without closing any outlets.

New Store Locations:

• Uttar Pradesh – 8 stores
• Bihar – 6 stores
• Manipur – 2 stores
• Odisha, Assam, Tripura, Karnataka, and Tamil Nadu – 1 store each

Year-to-date (YTD), the company has opened 49 stores and closed 5, bringing the total store count to 488 outlets as of December 31, 2024.

Digital Marketplace Performance

V-Mart’s LimeRoad digital platform contributed ₹11 crore through commission income from Net Merchandising Value (NMV) of ₹29 crore. However, this segment faced a 35% YoY decline due to market challenges.

Share Price Performance

Following the announcement, V-Mart’s share price opened higher on January 3, 2025, and hit an intraday high of ₹4,039.30 on the NSE as of 9:58 AM.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.