With this, total number of stores increased to 263 stores in 189 cities across 19 states and total tally of stores in Uttar Pradesh to 101 and in Rajasthan to 12, the company said in a statement during market hours today, 3 March 2020.
Shares of V-Mart Retail tanked 15.25% in the past five trading sessions to settle at Rs 2079.05 on yesterday, 2 March 2020, from its close of Rs 2453.20 on 24 February 2020.
On a standalone basis, V-Mart Retail’s net profit jumped 39.7% to Rs 58.22 crore on a 20.7% surge in net sales to Rs 562.16 crore in Q3 December 2019 over Q3 December 2018.
V-Mart Retail retails readymade garments and accessories. The firm is engaged in value retailing through the chain of stores situated at various places in India. It operates through retail sales segment. It offers products across three verticals, which include apparel, general merchandise (non-apparel and home mart) and kirana bazaar.