V-Mart Retail’s stock price surged on July 3rd, reaching a 52-week high of Rs 3,035, fueled by their positive quarterly update. Here’s a breakdown of the key factors:
Strong Revenue Growth:
V-Mart Retail’s revenue for Q1 FY25 jumped 16% year-over-year to Rs 790 crore.
Healthy Same-Store Sales Growth (SSSG): SSSG stood at 11%, indicating growth in existing stores.
Store Expansion: The company also added new stores, contributing to the overall revenue increase.
Improved Performance Across Verticals: SSSG for both V-Mart (core) and Unlimited improved for the third consecutive quarter, at 12% and 8% respectively.
