BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
V-Mart Retail Ltd.'s Q2 FY21 revenues declined 44% YoY to Rs 1.8 billion (11% beat) in Q2 FY21 due to only 79% operational days and weak footfall.
This is better than retailers with a higher presence in tier-one cities such as Shoppers Stop Ltd. /Aditya Birla Fashion & Retail Ltd.)/Trent Ltd. that have seen a 65%/56%/45% decline in revenues.
Gross margin declined 240 basis point YoY to 28.8% due to an extended end of season sale.
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