Q1 2025 V-mart Retail Ltd Earnings Call Transcript
Key Points
- Sales grew by 20% for V-Mart and 5% for Unlimited year-on-year, indicating strong overall growth.
- New stores under the Unlimited brand in the South are delivering higher sales and profitability.
- Improved footfalls and higher number of invoices cut reflect better efficiency measures.
- Gross margins for the offline business remained healthy and stable.
- Significant reduction in LimeRoad losses by 60% year-on-year, showing improvement in the digital segment.
- Impact of political events and election rallies caused disturbances in smaller towns, affecting business operations.
- Inflation rate around 5% continues to be a problem for consumers, impacting spending on non-essential items.
- Closure of 15 Unlimited stores since last year affected sales growth for the brand.
- Reduction in marketing spend by 59% could potentially impact brand visibility and customer acquisition.
- Employee costs increased by 17% due to increments and higher incentive payouts, affecting overall expenses.
Operator^ Ladies and gentlemen, good day, and welcome to V-Mart Retail Q1 FY25 Earnings Conference Call, hosted by Avendus Spark. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Tejas Shah from Spark Institutional Equities Private Limited. Thank you, and over to you, sir.
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Thank you, Sagah. On behalf of Avendus Spark, it's our pleasure to host the Q1 FY25 Earnings Conference Call of V-Mart Retail Limited. From the management side, we have today, Mr. Lalit Agarwal, Managing Director; and Mr. Anand Agarwal, Chief Financial Officer.
I'll now hand over the call to the management for their opening remarks, followed by a Q&A session. Thanks.
Good afternoon, ladies and gentlemen. Thank you, Tejas. Great to see you guys on once again in the call.
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