V-MART Retail: An Under-Earning Asset or a Melting Ice Cube? Upgrade to BUY
After going through a challenging period marked by (1) an unfavourable rural cycle, (2) deteriorating unit economics, and (3) stumbling in...
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V-Mart Ltd -Demand To Recover Gradually; Maintain BUY
Adj EBITDA margins were 13%. However, management remains cautiously optimistic about demand, seeing early signs of recovery in certain markets,...
341 Views
V-Mart Ltd - Demand To Recover Gradually; Maintain BUY
The company’s revenue grew 30% YoY (21% on a 3-Year CAGR) while SSSG grew 10% YoY as it undertook price reduction to drive footfall.
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Pick of the Week:15 May 2023 - V-Mart Retail Ltd
Higher inflation and increase in prices of essential goods have been impacting overall consumption in rural and smaller towns.
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Festive temperature check: Festive mood sombre
We recently interacted with numerous store managers and companies to assess the festive performance and demand in discretionary categories
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