V-Mart vs V2 Retail: Which value retailer offers you the best bang for your buck?
January 03, 2020 / 11:39 PM IST
Most retailers report that their business was a complete washout in April due to localised lockdowns across the country.
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
India is predominantly a price-sensitive consumer market which gives value retailers an edge in the market. V-Mart and V2 Retail are two value retailers who operate predominantly in northern and eastern India markets.
In the June quarter, V-Mart outperformed V2 Retail on the sales growth front. Both saw a sharp compression in their gross and bottom line margins. However, on the positive side, operational efficiencies led to an uptick in EBITDA margins. Market volatility has seen a sharp correction in the shares of...