V-Mart Retail’s stock price reached a 52-week high today.

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.

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