Q2 2025 V-mart Retail Ltd Earnings Call Transcript
Key Points
- V-Mart Retail Ltd (BOM:534976) reported a 20% overall sales growth, with a like-to-like same store sales growth of 15%.
- The company opened 16 new stores during the quarter, contributing to its expansion strategy.
- Footfalls increased by almost 47%, indicating a rise in customer visits and engagement.
- The company has seen a significant improvement in inventory management, with days of inventory improving by 21 days year-on-year.
- V-Mart Retail Ltd (BOM:534976) has successfully reduced losses from its LimeRoad business by 63% year-on-year, showing progress in its digital strategy.
- The gross margin decreased by 1% year-on-year due to a decline in commission revenue from the LimeRoad marketplace business.
- The company closed two V-Mart stores in the current quarter, indicating some challenges in store performance.
- There is a concern about delayed winters in North India, which could impact seasonal sales.
- The company faces pressure from inflation and changing fashion trends, which could affect pricing and inventory management.
- Despite improvements, the LimeRoad business still incurs losses, and achieving break-even remains a challenge.
Ladies and gentlemen, good day, and welcome to V-mart Q2 FY25 earnings conference call hosted by Anand Rathi Shares and Stock Brokers. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Vaishnavi Mandhaniya from Anand Rathi Shares and Stock Brokers. Thank you, and over to you, ma'am.
Thank you. Good morning, everyone on behalf of Anand Rathi Shares and Stock Brokers, it's our pleasure to host the Q2 FY25 earnings conference call of the V-mart Retail Limited. From the management side, today we have Mr. Lalit Agarwal, Managing director; and Mr. Anand Agarwal, CFO. I'll now hand over the call to the management for the opening remarks followed by a Q&A session. Thank you.
Thank you Vaishnavi. Good morning, everyone. Happy (inaudible) Happy Diwali to all our listeners and all the participants and all the
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