A number one retail chain identified for its value-focused style and way of life merchandise has posted exceptional monetary outcomes for the third quarter. The corporate’s stellar efficiency consists of substantial income progress and a dramatic revenue surge, marking a major turnaround from earlier quarters whereas demonstrating sturdy market resilience and efficient enterprise methods.
Share Worth Motion
The share value of V-Mart Retail Restricted went up 12.65 % to Rs. 3,775 per share on Tuesday, a rise from its earlier shut of Rs. 3,351.10 per share. The market capitalisation now stands at roughly Rs. 6,929 crore as of February 04, 2025.
Q3 Monetary Highlights
V2 Retail’s income for Q3FY25 reached Rs. 1,026.73 crore, exhibiting a 15.5% YoY progress from Rs. 889.05 crore in Q3FY24 and a 55.3% QoQ improve from Rs. 660.97 crore in Q2FY25. Revenue for Q3FY25 was Rs. 71.63 crore, a major rise of 153.2% YoY from Rs. 28.23 crore in Q3FY24, and a turnaround from the Rs. 56.51 crore loss reported in Q2FY25.
Rivals
V2 Retail competes with a number of key gamers within the Indian retail market, together with Flipkart, Reliance Retail, DMart, V-Mart Retail, Buyers Cease, Aditya Birla Vogue and Retail, and Jabong. These firms provide a spread of merchandise in clothes, each on-line and offline.
Market Outlook
The Indian textile trade is on observe for speedy progress, with its market worth anticipated to hit $350 billion by 2030, contributing 5% to India’s GDP. This growth is fuelled by a number of elements, together with rising client demand for sustainable and comfy clothes, developments in expertise, sturdy authorities assist, and rising world demand.
Moreover, India is capitalising on China’s shrinking market share, as worldwide patrons search for different sourcing locations.
Written By Fazal Ul Vahab C H
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