V-Mart In For The Long Haul: Motilal Oswal
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Motilal Oswal Report
In the last one-year, the apparel retail sector has been one of the worst hit and is still operating below pre-Covid-19 levels, raising concerns of a permanent business impairment risk to retailers.
Yet what we like about V-Mart Retail Ltd. is -
With a focus on smaller towns and largely on high streets, the company has seen a better recovery than other apparel retailers. Footfalls are expected to normalize in the coming one to two quarters.
Value retail has a long runway for growth, with a large lower tier market and a compelling value proposition.
The company’s disciplined and strong execution capability is reflected in its healthy store economics, efficient working capital, and largely internally funded growth.
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