The shares of V-Mart Retail, Baazar Style and V2 Retail are clocking strong gains of up to 12 percent on April 2 following positive updates on business performance in the January-March quarter of FY25.
Baazar Style's shares jumped over 12 percent, while V-Mart shares rose nearly 8 percent, and V2 Retail was higher by 5 percent to remain locked at upper circuit during the session.
V-Mart Retail Q4 Updates
In an exchange filing on April 1, V-Mart Retail said its total revenue from operations surged 17 percent on-year to Rs 780 crore in Q4FY25, with its digital marketplace LimeRoad seeing a 47 percent fall in revenue.
During the quarter, V-Mart opened 13 new stores, four in Uttar Pradesh, two each in Bihar and Jharkhand, and one each in West Bengal, Jammu and Kashmir, Assam, Arunachal Pradesh and Tamil Nadu. It also closed four stores during Q4FY25, and posted a same store sales growth (SSSG) of 8 percent for the quarter and 11 percent for FY25.
For FY25, V-Mart reported revenue from operations at Rs 3,254 crore, which is 17 percent higher than the Rs 2,786 crore revenue reported in FY24. V-Mart Retail opened 62 stores during the financial year, and closed nine stores, taking the total store count to 497 as on March 31.
Baazar Style Retail Q4 Updates
The Kolkata-based Baazar Style Retail on April 2 reported the Q4FY25 revenue growth of 55 percent on year at Rs 345.6 crore. For FY25, Baazer Style reported revenue from operations at Rs 1,343.8 crore, a rise of 38 percent from the Rs 972.7 crore reported in FY24.
During the March quarter, Baazer's total stores jumped 32 percent YoY to 214 while the sales per square feet rose 19 percent YoY to Rs 679 per month. It added 15 stores during in the quarter with a Same Store Sales Growth (SSSG) of 20 percent in Q4FY25 and 13 percent in FY25.
V2 Retail Q4 Updates
V2 Retail on April 2 reported a revenue growth of 69 percent on-year to Rs 499 crore in Q4FY25, citing 'stronger product demand, improved store experience and efficient supply chain management' for the revenue growth.
The Same Store Sales Growth (SSSG) for V2 Retail stood at 24 percent while Sales per Square Feet (PSF) stood at Rs 896 during the quarter. "We added 29 new stores in Q4 FY25 alone, taking the total store count to 189 and expanding our retail footprint to approximately 20.27 lakh sq.ft, penetrating deeper into Tier 2 and Tier 3 cities," V2 Retail said.
For FY25, V2 Retail reported 74 new store openings and two closures. "We are confident that the strong foundation built in FY25 positions V2 Retail for sustained growth and leadership in the value fashion space," it said.
The positive trend has rubbed off on to other retail peers as well, with Vishal Mega Mart shares trading over 6 percent higher, while DMart share were up nearly 2 percent.
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