V-Mart Retail Limited — Important, 04-02-2025: General Updates

**Financial Highlights:** V-Mart Retail reported a 15% year-on-year growth in revenue for Q3FY25, reaching ₹1,210 million, with a 43% increase in EBITDA, indicating a robust performance. The EBITDA margin improved to 17% from 13.5% in the prior year, reflecting effective cost management. The company achieved a significant reduction in losses for LimeRoad by 54%.

**Strategic Initiatives and Growth Drivers:** The company has focused on store expansion, opening 21 new stores in Q3, bringing the total count to 488. Same Store Sales Growth (SSSG) stood at 10%, showcasing a positive trend in customer retention and sales effectiveness.

**Business Developments:** V-Mart's operational improvements included a 15% enhancement in Days of Inventory to 92 days, highlighting effective inventory management strategies. The company received the ICSI Award for Excellence in Corporate Governance, reinforcing its commitment to ethical business practices.

**Market Position and Competitive Advantage:** V-Mart continues to strengthen its market presence, with a sales channel mix heavily favoring its core brand, which accounted for 84% of sales. Its competitive edge is supported by efficient operations and a growing store footprint.

**Investor Implications:** The strong financial performance and strategic store expansions present favorable opportunities for growth. Investors may view V-Mart's operational efficiency and commitment to governance as positive indicators for long-term value creation.