Maximize your media exposure with our single PR package
V Mart Retail reports sales of ₹781 mn in Q1 FY21
25 Aug 20 1 min read
V Mart Retail, India's leading value fashion retailer, has reported sales decline to ₹781 million in it first quarter (Q1) for fiscal 2021 that ended on June 30, 2020 compared to the sales of ₹4,530 million in same period last year. Company incurred a loss during the reported quarter of ₹336 million compared to profit of ₹175 million during Q1 FY20.
Advertisement
Apparel sales were down to around 78.3 per cent in Q1 FY21 compared to 82.1 per cent of total sales in Q1 FY20. Whereas, non-apparel sales were stagnant at 11.2 per cent (Q1 FY20: 11.5 per cent).
Company’s EBITDA was a loss making to ₹58.0 million compared to earnings of ₹578 million in Q1 FY20. Loss after tax for the quarter was ₹336 million compared to profit of ₹176 million in Q1 FY20.
The number of stores after the second quarter were 266 with 2 new stores added and 2 stores were closed as well.
Fibre2Fashion News Desk (JL)
Popular News
|
|
EU Council set to begin talks on revision of waste framework directive |
|
|
Major global brands commit to decarbonise fashion sector |
|
|
Net sales of US retailer Tilly’s at $115.9 mn in Q1 FY24 |
|
|
Middle East apparel imports rise despite Israel-Palestine conflict |
|
|
Tiruppur's labour woes deepen as UP attracts textile workers |
|
|
Yemen to fully exempt textile, clothing, sewing factories from taxes |
