Cash sales fallen post demonetisation, says V-Mart

In an interview to CNBC-TV18, Lalit Agarwal, CMD of V-Mart Retail spoke about the results and his outlook for the company.

He further said that V-Mart Retail distributed cash to people via card machines during demonetisation months. Hence, gained new customers due to cash dispensation. According to him, cash sales have fallen from 90 percent to 62 percent post demonetisation. However, demand uptick continues in Q4, said Agarwal.  For entire interview, watch accompanying video.