V-Mart exits FY25 in style, but competition threat lingers

Investors in V-Mart Retail Ltd appear thrilled with its business update for the March quarter (Q4FY25) and are likely expecting another good year.

- Pallavi Pengonda

V-Mart's shares shot up over 10% on Wednesday. This comes after the stock had fallen 35% from its 52-week high of ₹4,520 apiece seen on 31 October. So, valuations were relatively cheaper.

Year-on-year (y-o-y) growth in total revenue, including V-Mart and LimeRoad digital marketplace, was 17% in both Q4 and 9MFY25.

Store additions aided Q4 growth. Besides, same-store sales growth (SSSG) came in at 8% versus 10% and 15% in Q3 and Q2, respectively. This SSSG is for combined V-Mart and Unlimited stores. SSSG measures comparable sales over a period of time.