V-Mart Retail shares gained about 5% to a 52-week high of Rs 3,035 on July 3, lifted by the company’s strong quarterly updates, which showed good revenue and same-store sales growth.
At 11.11 a.m., V-Mart Retail shares were trading at Rs 2,994 on the National Stock Exchange.
The retailer’s revenue increased 16 percent year on year to Rs 790 crore in the first quarter of FY25, driven by 11 percent same-store sales growth (SSSG) and footprint addition.
SSSG for V-Mart (core) and Unlimited increased for the third consecutive quarter, reaching 12 percent and 8 percent, respectively, in the June quarter. The outstanding development in these two verticals also helped the retailer’s revenue growth.
In the meantime, during the quarter under review, the firm also closed three stores and opened seven new ones (two Unlimited stores and five V-Mart stores), bringing the total number of stores to 448 (370 V-Mart stores and 78 Unlimited stores).
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