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Net Sales are expected to decrease by 10 percent Y-o-Y (up 188.3 percent Q-o-Q) to Rs. 505.9 crore, according to Yes Securities.
Postponement of festive season sales to Q3 this fiscal (versus late Q2 in FY18) impacted the performance of all companies.
It remains to be seen as to how the company manages to gain incremental market share without hurting its margins.
Retail remains a promising industry in the Indian context, given the large consumer base throughout the country.
Backed by healthy fundamentals, a good margin profile and an aggressive expansion strategy, the company has succeeded in positioning itself as one of India’s best performing retailers.
Overall retail sector earnings are expected to grow in double digits for the quarter ended June 2018, but far lower growth than the year-ago period.
Growing share of private labels, volume-led revenue growth, cost rationalisation measures, and network augmentation will pave the path ahead for the company.
The company is poised to grow from the boom in India’s retail space inspite of the high competitive intensity from large format stores and online portals.
V-Mart Retail reported strong Q1 numbers. In an interview to CNBC-TV18, Lalit Agarwal, CMD of V-Mart Retail spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Lalit Agarwal, CMD of V-Mart Retail spoke about the results and his outlook for the company.
Demand in the semi urban belt continues to remain muted and because of that, same-store-sales growth has also dipped, Lalit Agarwal, CMD of V-Mart Retail told CNBC-TV18.
The retail chain reported a 70 percent decline in standalone net profit at Rs 48 lakh as in the fourth quarter compared to a net profit of Rs 1.60 crore in year-ago period. Net sales during Q4 rose 4.28 percent to Rs 177.50 crore.
Lalit Agarwal, CMD, V-Mart Retail said the Same-store sales growth (SSSG) was weak in Q3 due to weak footfalls which impacted profits.
V-Mart, a store which calls itself to be a true value for money, targets a growth of around 30 percent for FY16 with a same store sales growth of about 10 percent for the coming quarters.