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Published
Nov 8, 2021
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V-Mart Retail expands retail presence with seven new stores

Published
Nov 8, 2021

Value fashion retailer V-Mart Retail Ltd has strengthened its retail presence with the addition of seven new stores across India during the ongoing festive season.
 

V-Mart Retail expands retail presence with 7 new stores - V-Mart


The company opened four stores in the state of Uttar Pradesh, two in Bihar and one in Uttarakhand in the month of October 2021.
 
V-Mart Retail has witnessed an increase in footfalls over the last two months and expects revenue growth over the next two quarter on the back of strong festive season sales.

In the last quarter, V-Mart had managed to narrow its net loss to Rs 29 crore ($4 million) with revenue jumping two-folds to Rs 177 crore despite the Covid-19 disruptions.
 
The company hopes to recover from the Covid-19 caused disruptions over the next few quarters on the back of its retail expansion.
 
With the addition of the seven new stores, V-Mart currently has a store count of 375 and plans to open around 50 stores every year to further fuel its growth in the Indian market.

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