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V-Mart Retail Sees 10% Revenue Boost Amidst Flat Sales
2 Jan
Summary
- V-Mart Retail reported 10% revenue growth to ₹1,126 crore in Q3 FY26.
- Same-store sales remained flat due to festive timing shifts.
- The company opened 23 new stores, bringing the total to 554.
V-Mart Retail Ltd. announced a significant 10% year-on-year revenue growth for the December quarter, reporting ₹1,126 crore in revenue from operations. This financial performance occurred even as same-store sales growth remained flat at 0% for the V-Mart format, while the Unlimited format saw a modest 2% growth.
The retailer attributed the flat same-store sales largely to the timing of festive sales, noting that the Durga Puja festival occurred primarily in the September quarter this year compared to the previous year. When adjusting for this seasonal shift, the company indicated that combined performance for the September and December quarters showed a 5% same-store sales growth and a 15% revenue increase.
V-Mart Retail also reported substantial expansion during the quarter, opening 23 new stores and closing two. This expansion brings their total store count to 554 as of the end of December. New stores were strategically opened across various states including Uttar Pradesh, Gujarat, and Bihar, among others.
