Winds of change

14 Dec 2023
5 Min read 
  • V-MART, a retail company, has reported weak earnings in recent years.
  •  There are signs of a gradual reversal in trend, driven by management actions.
  •  Improvement in the core business is expected from 3QFY24 onwards.
  •  The Unlimited format is likely to close more than 15 stores in 4QFY24.
  •  Management is looking to reduce investments in Limeroad and curb losses.
  •  The stock is trading at a lower valuation compared to other retailers.
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