V-Mart Retail: Is it the right time to look at the value retailer?

Higher COVID-19 infections in semi urban and rural areas are likely to affect demand in the near term for V-Mart Retail

June 01, 2021 / 10:13 AM IST
V-Mart Retail: Is it the right time to look at the value retailer?

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PRO Only Highlights
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

V-Mart Retail Limited (V-Mart) (CMP: Rs 2,767; Market Capitalisation: Rs 5,452 crore), the value-for-money family fashion store, well-entrenched in smaller towns, saw its revenues crossing the pre-COVID levels in Q4FY21. Margin improvement on lower discounting led to the company almost breaking even at the net level. Higher incidence of COVID-19 cases in semi urban/rural areas, where V-Mart has a strong presence, is likely to affect near-term demand. However, strong agri income in FY22 can offset the demand weakness and lead...

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