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V-Mart is a value fashion and lifestyle products retailer and primarily operates in tier-2, tier-3 and tier-4 cities of India. Three-fourths of V-Mart stores are located in four states — Uttar Pradesh, Uttarakhand, Jharkhand and Bihar.
Last month, the company announced that it plans to treble its turnover to ₹3,500 crore and double its store count in the next five years by investing ₹300 crore. It will fund the expansion through internal accruals.
In 2017-18, the company had reported a revenue of over ₹1,200 crore. (RKS)
Fibre2Fashion News Desk – India
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