Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at firstname.lastname@example.org in case you need any other additional information.
During FY17, The company's revenue increased by 24 per cent to Rs 1001.72 crore, EBITDA by 33 per cent to Rs 82.58 crore and PAT by 43 per cent to Rs 39.53 crore, YoY.
The company now runs 143 stores under the V-Mart brand across Delhi, UP, Uttarakhand, Haryana, Rajasthan, Punjab, Bihar, Jharkhand, Gujarat, Maharashtra, Madhya Pradesh, Orissa, West Bengal and J&K.
Lalit Agarwal, CMD, V-Mart Retail Ltd, contributed to the company's growth in 2016-17 to greater focus on customers' expectations, increase the same store sales growth to 13 per cent YoY, opening of 21 new stores during the year, the smart ATM initiative launched by the company to help customers get cash from V-Mart stores during demonetisation which helped gain significant new customers for the company and gaining operating efficiencies through automation in supply chain.
"Focus on customers' expectations, technology adoption and store expansion have been key to our high performance," said Agarwal.
For 2017-18, the company aims to further seek improvements in per square feet sales, opening of new stores, launching of new collections for festivities, target marketing for the key customer segments in rural and urban areas and improving fashion offerings at even better price points as company’s key drivers for growth.
V-Mart would strongly focus on enhancing customer shopping experience in FY18, making it a distinguishing factor. The company's newly launched customer loyalty program – Value Club is further being expanded to offer significantly better value to the customer base.
The company feels that the upcoming changes in trade laws around GST are an area of concern and may prove to be inflationary to the value conscious customers in the transition phase. However, the company is confident of the move to the new tax regime and it hopes that this should boost the economy and better the confidence level amongst the business and consumers alike thereby increasing consumption. (KD)
Fibre2Fashion News Desk – India
| On 4th Dec 2020
The pandemic has raised the demand for more responsible products and...
| On 4th Dec 2020
The organisers of Frankfurt Fashion Week have announced that they are ...
| On 4th Dec 2020
Guess, a US-based designer and marketer of lifestyle collection of...
‘New vendor is welcome if he offers cost, quality and timely delivery’
Money never disappears-it just finds new opportunities
Dow Microbial Control
'Silvadur is most rapidly adopted in areas where hygiene-conscious and...
Valter De Carli
Savio Macchine Tessili is at the head of a group that holds a know-how of...
Idealin Fogging Systems has been engaged in designing and manufacturing...
Ravindra Jain, Ashish Baid
Oswal Prints Private Limited has been manufacturing and exporting ethnic...
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Atlanta-based private start-up Brrr° was founded in 2014 to develop...
A Humming Way
A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...
The creations by Aprajita Toor were born out of a deep desire to create...
From its modest beginning in the late 1960s, Shrujan has grown into a...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.