V-Mart Retail Limited — Credit Ratings, 20-05-2025: Credit Rating

ICRA has reaffirmed V-Mart Retail Limited’s credit ratings at [ICRA]AA- (stable) for its long-term bank facilities of Rs. 295 Cr and [ICRA]A1+ for its short-term non-fund based facility of Rs. 5 Cr. The stable outlook reflects the company’s steady financial health, supported by healthy liquidity and manageable debt levels. This affirmation signals continued lender confidence, helping V-Mart sustain favorable borrowing costs and maintain adequate operational flexibility for growth initiatives.