ICICI Securities: V-Mart - Best Play In Value Fashion Segment
Women’s clothes are displayed on mannequins at a hypermarket in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

ICICI Securities: V-Mart - Best Play In Value Fashion Segment

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

V-Mart Retail Ltd. (value fashion retailer) is well positioned to capture growth opportunities in tier two-four cities with aggressive store openings and first-mover advantage.

It has already built a successful and highly profitable business model.

However, near term focus would be on preserving cash through cost reduction, rationalising capex and optimising working capital.

Rising competition, increasing share of new stores versus matured stores, and investment in supply chain will keep margin range-bound and return ratios steady.

We like the company’s revenue growth potential, timely execution and best-in-class return ratios.

Click on the attachment to read the full report:

ICICI Securities VMART Retail Initiating Coverage.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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