Motilal Oswal: V-Mart’s Strong Cost Control Measures Aids In Ebitda Breakeven In Q2
Customers look at clothes displayed on mannequins at a hypermarket in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Motilal Oswal: V-Mart’s Strong Cost Control Measures Aids In Ebitda Breakeven In Q2

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Motilal Oswal Report

V-Mart Retail Ltd.’s Q2 FY21 revenues declined 44% YoY to Rs 1.8 billion (11% beat) in Q2 FY21 due to only 79% operational days and weak footfall.

This is better than retailers with a higher presence in tier-one cities such as Shoppers Stop Ltd. /Aditya Birla Fashion & Retail Ltd.)/Trent Ltd. that have seen a 65%/56%/45% decline in revenues.

Gross margin declined 240 basis point YoY to 28.8% due to an extended end of season sale.

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Motilal Oswal V-Mart Q2FY21 Result Update.pdf

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