V-Mart Retail Limited — Updates, 04-02-2025: Press Release

V-Mart Retail Limited has reported a strong performance for the quarter ended December 31, 2024, with revenue from operations increasing by 15% year-on-year to INR 1,027 crore. EBITDA surged by 43% YoY to INR 171 crore, while profit after tax (PAT) skyrocketed by 154% to INR 72 crore, rebounding from a loss of INR 28 crore in the same quarter last year. The same store sales growth (SSSG) was robust at 10% for Q3 and 12% year-to-date. The company successfully opened 21 new stores during the quarter, expanding its footprint to 488 stores across 305 cities. Additionally, V-Mart received the ICSI Awards for Excellence in Corporate Governance, reflecting its commitment to high ethical standards. The outlook remains positive as the company continues to focus on store expansion to serve the growing demand, particularly in Tier II and III cities.