>>
Home / Knowledge / News / Apparel/Garments / V-mart's turnover for FY17 crosses Rs 1,000 crore
V-mart's turnover for FY17 crosses Rs 1,000 crore
06
May '17
V-Mart Retail Ltd, North India's fastest growing retail chain, has reached a major milestone by crossing the benchmark Rs 1,000 crore in turnover, according to the financial results for the year ending March 31, 2017. The milestone is all the more significant in the stressed brick and mortar retail environment due to growing clout of e-commerce platforms.

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


Must ReadView All

L-R: Rebekah Chapman - Kalopsia, Lorna Slater - Minister for the Circular Economy and Iain Gulland - Zero Waste Scotland. Pic: Zero Waste Scotland

Textiles | On 25th Jun 2022

Scotland launches £2 mn fund to cut environmental impact of textiles

Zero Waste Scotland and the Scottish Government have launched a new...

Pic: Shutterstock

Textiles | On 25th Jun 2022

USD exchange rate falls by Tk8.15 in less than 11 months in Bangladesh

The US dollar exchange rate appreciated by Tk8.15 in less than 11...

Pic: Dong Nhat Huy/Shutterstock

Textiles | On 25th Jun 2022

FDI into Vietnam rebound in May, 2022 GDP growth forecast at 6.5%: UOB

Foreign direct investment (FDI) inflows into Vietnam rebounded in May ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Ricardo Garay & Larissa Roviezzo,

Ricardo Garay & Larissa Roviezzo

Regenerate Fashion is an international consultancy focused on integrating...

Herve Orzech,

Herve Orzech

Centric Brands LLC is a leading lifestyle brand collective that designs,...

Mohd. Showkot Ali,

Mohd. Showkot Ali

Bangladesh-based Maksons Group owns and operates multiple corporations and ...

Ricardo Fernandes, Trim NW

Ricardo Fernandes
Trim NW

Trim NW, Lda. Is a producer of industrial nonwovens and nonwoven fabrics...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Ester Kubisz, Label - Ester Kubisz

Ester Kubisz
Label - Ester Kubisz

Ester Kubisz, a London-based designer and founder of her eponymous label,...

Paola Masperi, Label - Mayamiko

Paola Masperi
Label - Mayamiko

Established by Paola Masperi, Mayamiko is a responsible womenswear and...

Meghana Goyal, Label - Summer Somewhere

Meghana Goyal
Label - Summer Somewhere

Summer Somewhere is a conscious clothing brand designed for every girl in...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Guess Europe Sagl,
BTSR International S.P.A.
Midas Clothing Limited
EUROVET ASIA LTD
Shima Seiki Mfg. Ltd.
Restoque S.A.
PVH Corporation
Aquarelle Clothing Limited
Calvin Klein
Nandan Denim Limited
K AND D ITMACH EXPOSITIONS LLP
Gokaldas Exports Limited
Aleph Srl
Performance Days
Aramark Uniform ;& Career Apparel, LLC
Hela Clothing Pvt Ltd
Color Service s.r.l.
Maceton Limited
Rieter India Private Limited
TESCO INTERNATIONAL SOURCING LIMITED
Benetton Group
The LYCRA Company Singapore  Pte. Ltd
Lifestyle
Savio Macchine Tessili S.P.A.
China World International Exhibition Company Limited
The Top Form Brassiere Manufacturing Company Limited
Green Fibre
Esprit Europe Services GmbH
SYNERGIES HONG KONG LIMITED
Jiangsu Yingyang Nonwoven Machinery Company Limited
IKEA of Sweden AB
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Grasim Industries Limited
Alix Partners
Eastman Chemical Company
Newtech Textile Technology Development (Shanghai) Company Limited
Recron Polyester from Reliance Industries Limited
IFF Media Ag - International Media Services
Lisa S.P.A.
Datatex Consulting Srl
Lenzing Aktiengesellschaft
Chori Company Limited
John Varvatos
Italian Trade Commission
Landmark Group
Under Armour Global Sourcing Ltd
Huntsman (Singapore) Pte Ltd
UBM China (Shanghai)
Mayer & Cie. GmbH & Co. KG
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Kornit Digital Asia Pacific Ltd
Rayonese Textile Inc., Division de Culp Inc.
Thermore (Far East) Ltd.
MAS Active / MAS Kreeda / MAS Bodyline
USTER
N9 World Technologies Private Limited
Jindal Worldwide Limited
Groz-Beckert KG
International Sourcing Expo Australia
DuPont de Nemours, Inc.,
Infor (Hong Kong) Limited
Woolmark Services India Pvt. Ltd.
Colours India Inc
Chico’ FAS
GIOVANNI BOZZETTO S.p.A.
Indo Tex
Amazon China
Kern – Liebers Textile
Helly Hansen Far East Ltd
Messe Frankfurt Exhibition GmbH
Desigual - ABASIC, S.A.
NITI Aayog
Gloria Jeans
LC Waikiki
Lenzing Aktiengesellschaft - India
Pt. Peraga Nusantara Jaya Sakti
Recron Polyester from Reliance Industries Limited
Hirdaramani International Export Private Limited
Zünd Systemtechnik AG
GHCL LIMITED
TESTEX AG, Swiss Textile Testing Institute
Lectra Technologies India Pvt Ltd.
COTTON COUNCIL INTERNATIONAL
APLF Limited
IDH – The Sustainable Trade Initiative
BTC Textiles LLC
Karl Mayer Textilmaschinenfabrik GmbH
Groz-Beckert East Asia LLP
Stahl Holdings B.V.,
Sainsbury's Argos Asia Limited
KAS Direct Sourcing
Varner AS Retail
Lacoste (Wanchai)
Vianney Textil Hogar S.A. De C.V.
Arvind Limited
GERBER TECHNOLOGY LTD.
Babyshop
KIABI
Taiwan Textile Federation (TTF)
BIMBA ;& LOLA SL
The LYCRA Company Singapore  Pte. Ltd
Saurer Textile Solutions Pvt. Ltd.
J ;& P Coats
Dow Silicones Corporation
Nihalani Events Management
Lululemon Athletica Inc
Brandix Lanka Limited
EPCH
Tommy Hilfiger
Abit
Copenhagen Fashion Summit
H;&M Hennes ;& Mauritz (Far East) Ltd
G.A.S. unternehmenskommunikation gmbh
Applied DNA Sciences Inc
Rosset ;& Cia Limited
Bluestem Global Sourcing Limited
Palexpo SA
BIANCA
Phong Phu international JSC (PPJ)
Inter Expo Center Ltd.
G-Star Raw C.V.
Alison Hayes Romania
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
VNU Exhibitions Asia
Xtema - Thomas Lebherz Textilmaschinen
T.T. Limited
Etam Group Strategy Hong Kong Limited
Eurofins BLC Leather Technology Centre Ltd
Bluesign Technologies Ag
H. Stoll AG & Company KG
ZAITEX spa
Loris Bellini S.r.l.
Reiter India Private Limited
Weitmann & Konrad GmbH & Co. KG
Tchibo GmbH
Mesdan SPA
Truetzschler India Private Limited
Gatsby Africa
Itema Weaving (India) Private Limited
Haelixa AG
Seasalt Limited
NV Michel Van de Wiele
Marzoli Machines Textile s.r.l.
SHAHI Exports Pvt Ltd
Coats Digital Limited
Datacolor AG Europe
Tory Burch Hong Kong Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
THE BOMBAY DYEING ;& MFG.CO. LTD
CSGIA(China Screen Printing & Graphic Imaging Association)
ITMA Services Pte Ltd
FULGAR SpA
IIGM Private Limited
Sportmaster Ltd.
Vardhman Textile Ltd
Page Industries Limited (Bangalore)
EMBEE CORPORATION
TEXVALLEY MARKET LIMITED
Thai Trade Center
Centric Software
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
JES MEDIA, INC
Sateri (Jiujiang) Fiber Co.,Ltd
Sportswear Company Spa
Decathlon
FESPA (Reigate)
OVS Hong Kong Sourcing Ltd.
Officina Meccanica Dora Enrico Srl
Comasia Limited
Meera Dyestuff Industries
DyStar India Pvt. Ltd
Walmart
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Brückner Trockentechnik GmbH & Co. KG
Splash
Flainox S.r.l.
Target Corporation (MN)
Messe Duesseldorf
Istanbul Fuarcilik A.S.
Indofil Industries Limited - Specialty & Performance Chemicals Division
Boardriders Asia Sourcing Limited
Thai Acrylic Fibre Company Limited
X-Rite Asia Pacific Limited (HK)
Gap International Sourcing Limited
Lottmann Communications
TÜYAP IHTISAS FUARLARI A.S.
Equinox Impex India
Puma
C;&A Sourcing International Ltd
International Textile Manufacturers Federation
CGS Inc.
Tradewind International Servicing
Shanghai  Aige Exhibition Service Co., Ltd
Zydex Industries
Tuyap Tum Fuarcilik Yapim A.S.
Cat Tuong Real Estate Group Joint Stock Company
BRINKMANN GMBH
Asos

June 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search