V-Mart Retail Q1 Review - Second Wave Impacted Momentum In Core Markets: Centrum Broking

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Centrum Broking Report.On expected lines, the second wave impacted V-Mart Retail Ltd.’s performance in Q1 FY22. Revenue grew 127.3%; yet Ebitda/adjusted profit after tax declined, with loss of Rs 20 million/Rs 287 million. Management indicated that its core rural markets were impacted severely, with only 51% operational days. June/July saw sharp rebound, drawing on better consumer sentiment, coupled with short wedding season, driving normal demand. Gradual recovery in footfalls, with robust conversion rate at 70.7% drove transaction size by 2.9%. To offset rising input prices, V-Mart took ~5% price increase. Further, tighter cost controls held gross margins at ~31%; however, lower scale of operations with rising other expenditure and employee cost led to Ebitda loss. .Click on the attachment to read the full report:.DISCLAIMERThis 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 author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

V-Mart Retail Q1 Review - Second Wave Impacted Momentum In Core Markets: Centrum Broking

V-Mart Retail Q1 Review - Second Wave Impacted Momentum In Core Markets: Centrum Broking

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