V-Mart Retail: Will the value retailer reach normalcy soon?
A near-normal monsoon as well as improving economy would drive consumption in rural areas, with V-Mart Retail already witnessing a faster recovery than the last fiscal
August 12, 2021 / 10:17 AM IST
We are proud to bring the ‘Unlimited’ stores within the umbrella of V-Mart family, said Lalit Agarwal, MD, V-Mart Retail
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Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
The outlook for V-Mart Ltd (CMP: Rs 3,420; Market Capitalisation: Rs 6,740 crore), the value fashion retailer, is expected to improve as the rural economy comes out of the dent inflicted by the second wave of COVID-19.
Near-normal monsoon as well as improving economy would drive consumption in rural areas, with the company already witnessing a faster recovery, compared to the last fiscal. The company is expecting to reach normalcy in H2FY22, triggered by festive and marriage season, and is...