V-Mart Retail Q3 net profit jumps 152 percent to Rs 72 crore

Value fahsion retailer V-Mart Retail Ltd reported a 154 percent surge in net profit to Rs 72 crore ($8.3 million) for the third quarter ended December 2024, as against Rs 28 crore in the year ago quarter.

The company’s revenue for the quarter rose by 15 percent to Rs 1,027 crore, as against Rs 889 crore in the corresponding quarter of the previous fiscal year.

During the quarter, V-Mart’s retail trade revenue stood at Rs 1,016 crore while the e-commerce segment contributed Rs 11 crore.

“The same-store sales growth increased by 10 percent year-on-year for Q3 FY25. The company remains focused on its store expansion plan and opened 21 new stores in Q3 FY25, taking the total number of stores pan India to 488 as at quarter end,” V-Mart said in a press release.

Founded in 2022, V-Mart is an omni retail store chain offering fashion apparel, footwear, home furnishings, general merchandise, and kirana with a strong presence in tier 2, 3 cities across India.