V-Mart Retail Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 14, 2024 at 08:59 am
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V-Mart Retail Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 6,686 million compared to INR 5,939.1 million a year ago. Revenue was INR 6,730.3 million compared to INR 6,014.4 million a year ago. Net loss was INR 389.2 million compared to INR 369.6 million a year ago. Basic loss per share from continuing operations was INR 19.68 compared to INR 18.7 a year ago. Diluted loss per share from continuing operations was INR 19.68 compared to INR 18.7 a year ago.
For the full year, sales was INR 27,856 million compared to INR 24,648.4 million a year ago. Revenue was INR 28,065.5 million compared to INR 24,798.1 million a year ago. Net loss was INR 967.6 million compared to INR 78.5 million a year ago. Basic loss per share from continuing operations was INR 48.93 compared to INR 3.97 a year ago. Diluted loss per share from continuing operations was INR 48.93 compared to INR 3.97 a year ago.
V-Mart Retail Limited is an India-based retail store chain that offers readymade garments and accessories. The Company operates through two segments: Retail Trade, and Digital Marketplace. The Retail Trade segment is engaged in domestic sales to customers at stores. Digital Marketplace is engaged in the commission and other income by providing a Limeroad platform for vendors. It provides a range of apparel and accessories for men, women, boys, girls, and toddlers. Its general merchandise includes footwear, home furnishings, kitchenware, toys and games, bags and luggage, and crockery. Its Kirana bazaar includes fast-moving consumer goods (FMCG) products, packaged food items, beauty, and personal care, home care, and staple products. It operates through approximately 423 stores across 26 states. Its stores are located in states/cities, including Uttar Pradesh, Delhi, Bihar, Jharkhand, Haryana, Uttarakhand, Madhya Pradesh, and West Bengal.
V-MART RETAIL LIMITED 
