V-Mart Retail shares rose over 10% to a 52-week high on Thursday, continuing gains for the second consecutive day after the company reported strong earnings for the first quarter of FY25.

In today’s trading, the stock increased by 9.8% to reach its 52-week high of ₹3,820, following a 6.66 percent gain in the previous session. The stock has increased by more than 17% in the last two sessions. Following today’s rise, the stock has now surged 140% from its October 30, 2023 52-week low of ₹1,591.

After suffering a loss of ₹22 crore during the same period previous year, V-Mart Retail announced a net profit of ₹12 crore for the June quarter. Revenues for the firm increased by 16 percent year over year to ₹786 crore in Q1 of the previous fiscal year, from ₹678.5 crore in the same time the year before.

As of 12:03 pm, V-Mart Retail shares were trading 4.38% higher at Rs 3,621.35 on the NSE.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

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).

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.