V Mart Retail , a leading value fashion retailer in India, has outlined an expansion plan aimed at achieving 25% year-over-year revenue growth and expanding its store network to over 450 locations. The company's strategy, coupled with its recent financial performance, signals a robust outlook for the fashion retail sector in India's tier II and III cities.

Expansion and Omnichannel Integration

V-Mart is accelerating its omnichannel integration, focusing on strengthening its digital presence while continuing to expand its physical store network. The company plans to increase its private label product mix, a move that could potentially boost profit margins.

Rural Market Focus

The retailer is doubling down on its presence in rural markets through a 'Value Fashion' strategy. This approach aims to cater to the growing aspirations of consumers in smaller towns and cities, where V-Mart has traditionally held a strong foothold.

Operational Efficiency

V-Mart is placing a significant emphasis on supply chain digitization and inventory efficiency improvements. These initiatives are expected to streamline operations and potentially reduce costs, contributing to the company's profitability goals.

Q2 Financial Highlights

V-Mart's second quarter results demonstrate the company's growth trajectory:

The company's EBITDA margin improvement is particularly noteworthy, increasing from 5.80% to 8.90%, indicating enhanced operational efficiency.

Store Expansion

During the quarter, V-Mart continued its expansion strategy:

• Opened 25 new stores
• Closed 2 stores
• Total store count reached 533 across 28 states and Union Territories

Digital Marketplace Performance

V-Mart's digital arm, LimeRoad, showed signs of improvement:

• Loss reduced by 53% year-over-year to ₹34.00 million
• Net Merchandise Value (NMV) decreased by 32% YoY

While the digital marketplace's NMV has declined, the significant reduction in losses suggests that V-Mart is optimizing its online operations.

Looking Ahead

V-Mart Retail's growth plans and strong Q2 performance indicate a positive outlook for the company. The focus on omnichannel integration, rural market penetration, and operational efficiencies aligns well with the evolving retail landscape in India.

As the company targets a 25% year-over-year revenue growth and aims to surpass 450 stores, investors and market watchers will be keen to see how V-Mart executes its strategy in the coming quarters. The balance between physical store expansion and digital growth will be crucial in determining the company's success in capturing a larger share of India's burgeoning value fashion market.

V Mart Retail , a leading value fashion and lifestyle products retailer, has reported mixed results for the quarter ended September 30, 2025, showing revenue growth but losses in key segments.

Revenue and Segment Performance

V-Mart Retail's total segment revenue reached ₹80,880.00 lakhs across both retail trade and digital marketplace segments. The retail trade segment, which forms the core of V-Mart's business, generated revenue of ₹80,032.00 lakhs. However, this segment reported a loss of ₹563.00 lakhs.

The digital marketplace segment recorded revenue of ₹848.00 lakhs but faced a loss of ₹370.00 lakhs, indicating challenges in this growing area of the business.

Balance Sheet Highlights

As of September 30, 2025, V-Mart Retail's balance sheet shows:

Total Assets increased from ₹243,624.00 lakhs as of March 31, 2025, while Cash and Cash Equivalents decreased from ₹3,942.00 lakhs.

Corporate Actions

The company issued 13,328 shares during the quarter under its Employee Stock Option Scheme, demonstrating ongoing efforts to align employee interests with company performance.

Governance

The quarterly results were reviewed by the audit committee and approved by the Board of Directors in their meeting held on November 10, 2025, ensuring proper corporate governance practices.

While V-Mart Retail shows revenue growth, the losses in both retail trade and digital marketplace segments indicate challenges that the company may need to address in its operations and strategy going forward.