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V-Mart Q4 Results Review: Steady Show Amid Intensifying Competition, Says Systematix Maintaining 'Hold'

Systematix maintains 'Hold' rating on V-Mart and cuts target price to Rs 3,588.

<div class="paragraphs"><p>V-Mart Retail’s Q4 FY25 operating performance was marginally above expectations.</p><p>(File Photo/ source: Company's FB page)</p></div>
V-Mart Retail’s Q4 FY25 operating performance was marginally above expectations.

(File Photo/ source: Company's FB page)

V-Mart's revenue grew 16.7% YoY to Rs 7.8 billion led by +19%YoY growth in V-Mart (84% of revenue) and +11% growth in Unlimited (15% revenue) while Limeroad revenue declined 35% (1% revenue). The strong doubledigit growth was led by volumes. Same store sales growth stood at 8% (7% for V-Mart, 10% for Unlimited) led by 11% rise in footfalls.
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