Optimizes costs, improves metrics

Company
11 Mar 2024
5 Min read 
  • V-Mart Retail's 3QFY24 results show improved metrics and cost optimization.
  •  EBITDA grew 15% YoY, driven by revenue growth and cost-control measures.
  •  Consolidated revenue grew 14.4% YoY, driven by footprint expansions.
  •  SSSG for V-Mart and Unlimited stood at 5% and 1% respectively in 3QFY24.
  •  The company plans to add 10 stores and close 20 stores in 4QFY24.
  •  Neutral rating maintained with a TP of INR2,100.
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