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Vishal to ramp up launches
Mint Mumbai
|December 07, 2024
Retailer will open 90-100 stores every year from current rate of 60-80: MD and CEO Kapur
edaara-backed value retailer Vishal Mega Mart, which is set to roll out a ₹8,000 crore public listing next week, will ramp up store launches in the coming years as it enters new markets and expands in existing ones.
The Gurugram-based company is looking to open 90-100 stores every year from the current rate of 60-80, its managing director and chief executive officer Gunender Kapur told Mint on Friday. "Our ambition to increase the pace of store openings is for two reasons. Firstly, we have enough and more financial resources to fast-track our growth. Secondly, the performance of our new stores has been very good. Our store capex payback is 19 months, the shortest in Indian retail," Kapur said.
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