Bullish Moving Averages
14
Bearish Moving Averages
2
Back Stocks profile
Stock analysis tool for investors
Performance
Today’s low
749.60Today’s High
791.5052W low
120.0052W High
812.20Open Price
791.00Prev. Close
532.4000Volume
62772.00Value
48299915.40Fundamentals
Market Cap
2661.50
Price to Earnings
96.00
Price to Book Value
9.70
Dividend Yield
0.00
PE to Growth
0.30
Op Revenue TTM
1164.73
Net Profit TTM
27.71
Cash From Operating Activity
93.42
Return on Equity %
10.12
EMA & SMA
DELIVERY AND VOLUME
DAILY AVG. DELIVERY VOLUME %
05 Jul, 2024
100
Week
100
Month
100
LEGEND
Positive Indicator
Neutral Indicator
Negative Indicator
RESISTANCE AND SUPPORT
770.20
PIVOT
First Resistance
790.75
Second Resistance
812.05
Third Resistance
832.60
First Support
748.90
Second Support
728.35
Third Support
707.05
Relative Strength Index
69.84
Money Flow Index
75.76
MACD
65.64
MACD Signal
61.02
Average True Range
35.65
Average Directional Index
55.62
Rate of Change (21)
51.27
Rate of Change (125)
121.81
Commodity Channel Index
81.2
Williams %R
-21.1
BETA
1 Month
0.62
3 Month
0.75
1 Year
0.61
3 Year
0.35
PRICE CHANGE ANALYSIS
↓ -0.38%
1 Week
Low
High
741.05
812.2
↑ 51.27%
1 Month
Low
High
500
812.2
↑ 58.58%
3 Months
Low
High
421
812.2
↑ 108.07%
6 Months
Low
High
312.7
812.2
↑ 460.01%
1 Year
Low
High
120
812.2
| Indicator | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Graph |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Qtr Revenue cr | 296.82 | 376.57 | 233.31 | 264.89 | 195.48 | 241.95 | 195.43 | 212.17 | 161.70 | 239.93 | 151.55 | |
| Operating Expenses Qtr | 265.73 | 313.20 | 212.52 | 230.93 | 180.86 | 202.38 | 187.19 | 189.63 | 152.52 | 200.05 | 135.00 | |
| Operating Profit Qtr | 30.30 | 60.56 | 18.80 | 32.67 | 12.57 | 37.27 | 7.32 | 21.65 | 5.74 | 38.84 | 14.54 | |
| EBIDT Qtr Cr | 31.09 | 63.36 | 20.80 | 33.96 | 14.62 | 39.57 | 8.24 | 22.54 | 9.19 | 39.88 | 16.55 | |
| Depreciation Qtr | 18.29 | 19.78 | 17.26 | 17.19 | 16.48 | 16.82 | 14.95 | 15.68 | 12.90 | 14.55 | 14.26 | |
| Net Profit Qtr | 3.87 | 24.09 | -5.68 | 4.92 | -8.17 | 9.30 | -13.39 | -2.09 | -9.47 | 11.92 | -5.17 | |
| Basic EPS Qtr | 1.12 | 6.97 | -1.65 | 1.42 | -2.38 | 2.70 | -3.89 | -0.61 | -2.76 | 3.48 | -1.50 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total Revenue Annual | 1171.60 | 845.03 | 644.81 | 560.81 | 703.49 | |
| Operating Expenses Annual Cr | 1022.37 | 760.06 | 568.50 | 489.88 | 625.18 | |
| Operating Profit Annual | 142.36 | 78.82 | 60.72 | 48.77 | 76.04 | |
| Operating Profit Margin Annual % | 12.15 | 9.33 | 9.42 | 8.70 | 10.81 | |
| Total Expenses Annual Cr | 1141.01 | 863.87 | 661.17 | 573.90 | 705.56 | |
| EBIDT Annual Cr | 149.23 | 84.97 | 76.31 | 70.93 | 78.30 | |
| EBIDT Annual margin % | 12.74 | 10.06 | 11.83 | 12.65 | 11.13 | |
| Depreciation | 72.53 | 63.93 | 56.59 | 53.79 | 50.45 | |
| PAT Before ExtraOrdinary Items Annual Cr | 27.29 | -14.49 | -12.90 | -11.04 | 10.15 | |
| Net Profit Annual | 27.29 | -14.49 | -12.90 | -11.04 | 10.15 | |
| Basic EPS Annual | 7.89 | -4.21 | -3.76 | -3.24 | 2.97 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total ShareHolders Funds Annual | 274.53 | 247.22 | 260.14 | 271.86 | 280.54 | |
| Minority Interest Liability Annual Cr | - | - | - | - | - | |
| Total Non Current Liabilities Annual Cr | 390.84 | 330.87 | 306.67 | 308.55 | 269.07 | |
| Total Current Liabilities Annual Cr | 300.72 | 188.15 | 204.92 | 212.66 | 157.62 | |
| Total Capital Plus Liabilities Annual Cr | 966.10 | 766.24 | 771.74 | 793.07 | 707.23 | |
| Fixed Assets Annual | 449.16 | 389.47 | 374.70 | 387.11 | 333.64 | |
| Total Non Current Assets Annual | 521.73 | 461.78 | 444.34 | 451.71 | 407.32 | |
| Total Current Assets Annual | 444.37 | 304.46 | 327.40 | 341.36 | 299.92 | |
| Total Assets Annual | 966.10 | 766.24 | 771.74 | 793.07 | 707.23 | |
| Contingent Liabilities plus Commitments Annual Cr | - | 56.42 | 169.00 | 54.36 | 51.10 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Cash from Operating Activity Annual | 85.56 | 79.99 | 62.90 | -15.38 | 94.33 | |
| Cash from Investing Activity Annual | -28.95 | -9.11 | -13.28 | -15.88 | -5.32 | |
| Cash from Financing Annual Activity | -52.33 | -74.89 | -58.85 | -14.04 | -36.83 | |
| Net Cash Flow Annual | - | -4.00 | -9.23 | -45.29 | 52.18 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Book Value Per Share Annual | 79.37 | 71.89 | 75.65 | 79.71 | 82.26 | |
| ROE Annual % | 9.93 | -5.86 | -4.95 | -4.06 | 3.61 | |
| ROCE Annual % | 11.52 | 3.64 | 3.47 | 2.95 | 5.06 | |
| Total Debt to Total Equity Annual | 0.28 | 0.19 | 0.19 | 1.42 | 1.11 | |
| EBDIT Annual Margin % | 12.81 | 10.12 | 12.12 | 13.16 | 11.16 |
| Indicator | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Graph |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Qtr Revenue cr | 296.98 | 376.79 | 233.45 | 265.00 | 195.56 | 242.05 | 195.69 | 212.25 | 161.91 | 239.96 | 151.55 | |
| Operating Expenses Qtr | 264.63 | 312.82 | 211.44 | 228.03 | 179.20 | 201.53 | 184.45 | 189.72 | 151.78 | 199.02 | 132.01 | |
| Operating Profit Qtr | 31.40 | 60.94 | 19.88 | 35.58 | 14.23 | 38.13 | 10.06 | 21.56 | 6.47 | 39.87 | 17.53 | |
| EBIDT Qtr Cr | 32.35 | 63.96 | 22.01 | 36.97 | 16.36 | 40.52 | 11.24 | 22.53 | 10.13 | 40.94 | 19.55 | |
| Depreciation Qtr | 19.47 | 20.86 | 18.24 | 18.15 | 17.33 | 17.60 | 15.65 | 16.48 | 13.66 | 15.09 | 14.74 | |
| Net Profit Qtr | 3.60 | 23.57 | -5.70 | 6.24 | -7.71 | 9.32 | -11.59 | -2.83 | -9.51 | 12.29 | -3.14 | |
| Basic EPS Qtr | 1.04 | 6.82 | -1.64 | 1.81 | -2.24 | 2.71 | -3.37 | -0.82 | -2.77 | 3.58 | -0.91 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total Revenue Annual | 1172.22 | 845.55 | 645.11 | 561.61 | 703.70 | |
| Operating Expenses Annual Cr | 1016.91 | 754.90 | 564.57 | 490.11 | 626.35 | |
| Operating Profit Annual | 147.82 | 83.99 | 64.66 | 48.54 | 74.88 | |
| Operating Profit Margin Annual % | 12.61 | 9.93 | 10.02 | 8.64 | 10.64 | |
| Total Expenses Annual Cr | 1140.84 | 862.50 | 659.97 | 576.90 | 707.58 | |
| EBIDT Annual Cr | 155.31 | 90.66 | 80.54 | 71.50 | 77.35 | |
| EBIDT Annual margin % | 13.25 | 10.72 | 12.49 | 12.73 | 10.99 | |
| Depreciation | 76.71 | 67.05 | 58.83 | 55.51 | 50.98 | |
| PAT Before ExtraOrdinary Items Annual Cr | 27.81 | -12.82 | -11.68 | -12.84 | 8.78 | |
| Net Profit Annual | 27.81 | -12.82 | -11.68 | -12.84 | 8.78 | |
| Basic EPS Annual | 8.04 | -3.73 | -3.39 | -3.76 | 2.57 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total ShareHolders Funds Annual | 274.71 | 246.92 | 258.20 | 268.69 | 279.17 | |
| Minority Interest Liability Annual Cr | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Total Non Current Liabilities Annual Cr | 412.34 | 342.14 | 318.64 | 312.41 | 278.21 | |
| Total Current Liabilities Annual Cr | 340.09 | 205.21 | 215.34 | 231.86 | 163.14 | |
| Total Capital Plus Liabilities Annual Cr | 1027.14 | 794.28 | 792.18 | 812.97 | 720.52 | |
| Fixed Assets Annual | 118.36 | 408.53 | 393.83 | 399.57 | 342.91 | |
| Total Non Current Assets Annual | 540.70 | 467.41 | 449.79 | 450.18 | 412.67 | |
| Total Current Assets Annual | 486.44 | 326.88 | 342.40 | 362.78 | 307.85 | |
| Total Assets Annual | 1027.14 | 794.28 | 792.18 | 812.97 | 720.52 | |
| Contingent Liabilities plus Commitments Annual Cr | - | 56.42 | 169.00 | 54.36 | 51.10 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Cash from Operating Activity Annual | 93.42 | 86.36 | 58.61 | 3.37 | 74.10 | |
| Cash from Investing Activity Annual | -39.30 | -12.27 | -15.71 | -20.30 | 6.54 | |
| Cash from Financing Annual Activity | -49.60 | -75.70 | -58.29 | -21.64 | -28.43 | |
| Net Cash Flow Annual | - | -1.62 | -15.39 | -38.56 | 52.21 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Book Value Per Share Annual | 79.42 | 71.80 | 75.08 | 78.78 | 81.86 | |
| ROE Annual % | 10.12 | -5.19 | -4.52 | -4.77 | 3.14 | |
| ROCE Annual % | 11.43 | 4.00 | 3.76 | 2.75 | 4.73 | |
| Total Debt to Total Equity Annual | 0.33 | 0.22 | 0.21 | 1.46 | 1.17 | |
| EBDIT Annual Margin % | 13.33 | 10.80 | 12.80 | 13.27 | 11.03 |
| Name | Holding Percent | Holding Id | Pledged % | Locked % |
|---|
| Name | Holding Percent | Holding Id | Pledged % | Locked % |
|---|---|---|---|---|
| Ram Chandra Agarwal | 9.27 | 74210269 | 0 | 0 |
| Akash Agarwal | 0.98 | 74210270 | 0 | 0 |
| Ricon Commodities Private Limited | 37.19 | 74210274 | 0 | 0 |
| Vishal Waterworld Pvt Ltd | 4.14 | 74210275 | 0 | 0 |
| V2 Conglomerate Limited | 1.83 | 74210276 | 0 | 0 |
| Name | Holding Percent | Holding Id |
|---|---|---|
| India 2020 Fund Ii, Limited | 6.36 | 74210280 |
| Name | Holding Percent | Holding Id |
|---|---|---|
| Vishal Vishwanath Todi | 2.26 | 74210289 |
| Sachin Kasera | 1.59 | 74210290 |
| HUF | 2.18 | 74210283 |
| Manshu Tandon | 1.03 | 74210293 |
| Ex-Date | Dividend Amount | Dividend Type | Record Date | Instrument Type |
|---|
| Ex-Date | Split Ratio | Record Date |
|---|
| Ex-Date | Purpose | Notes |
|---|---|---|
| May 30, 2024 | Audited Results | - |
| Feb 10, 2024 | Quarterly Results | - |
| Nov 09, 2023 | Quarterly Results | - |
| Aug 12, 2023 | Quarterly Results | - |
| May 25, 2023 | Audited Results | - |
| Feb 10, 2023 | Quarterly Results | - |
| Nov 10, 2022 | Quarterly Results | - |
| Aug 10, 2022 | Quarterly Results | - |
| May 30, 2022 | Audited Results | - |
| Feb 14, 2022 | Quarterly Results | - |
| Nov 11, 2021 | Quarterly Results | - |
| Aug 13, 2021 | Quarterly Results | - |
| Jun 28, 2021 | Audited Results | - |
| Jun 23, 2021 | Audited Results | - |
| Feb 04, 2021 | Quarterly Results | - |
| Nov 11, 2020 | Quarterly Results | - |
| Aug 19, 2020 | Quarterly Results | - |
| Jun 25, 2020 | Audited Results | - |
| Jan 27, 2020 | Quarterly Results & Others | inter alia, 1. Appointment of Independent Directors. 2. Any other matter with the consent of Chairman |
| Oct 25, 2019 | Quarterly Results | - |
| Jul 29, 2019 | Quarterly Results | - |
| May 10, 2019 | Audited Results | - |
| Jan 25, 2019 | Quarterly Results | - |
| Nov 02, 2018 | Quarterly Results | - |
| Aug 01, 2018 | Quarterly Results | - |
| May 30, 2018 | Audited Results | - |
| Feb 03, 2018 | Quarterly Results | - |
| Dec 11, 2017 | Quarterly Results | - |
| Sep 12, 2017 | Quarterly Results | - |
| Aug 21, 2017 | Others | - |
| May 30, 2017 | Audited Results | - |
| Jan 25, 2017 | Quarterly Results | - |
| Jan 07, 2017 | Others | 1. To allot 20,35,065 Equity Shares to M/s Bennett Coleman And Company Limited 2. Resignation of Mr. Manshu Tandon, CEO of the company be and is hereby accepted by the board of directors |
| Nov 22, 2016 | Allotment of Equity Shares | - |
| Nov 11, 2016 | Quarterly Results | - |
| Aug 31, 2016 | Others | 1) To offer issue and allot, specified securities of the Company on Preferential allotment basis to the Promoters and/or Promoter Group. 2) To grant options to the eligible employees of the company. |
| Aug 30, 2016 | Others | 1) To offer issue and allot, specified securities of the Company on Preferential allotment basis to the Promoters and/or Promoter Group. 2) To grant options to the eligible employees of the company. |
| Aug 12, 2016 | Quarterly Results | - |
| May 27, 2016 | Audited Results | - |
| Mar 28, 2016 | Appointment of Company Secretary | - |
| Feb 05, 2016 | Quarterly Results | - |
| Oct 29, 2015 | Quarterly Results | - |
| Sep 28, 2015 | Appointment of Company Secretary | - |
| Jul 31, 2015 | Quarterly Results | - |
| May 29, 2015 | Audited Results | - |
| Feb 05, 2015 | Quarterly Results | - |
| Nov 11, 2014 | Quarterly Results | - |
| Aug 09, 2014 | Quarterly Results | - |
| May 30, 2014 | Audited Results | - |
| Feb 10, 2014 | Quarterly Results | - |
| Nov 14, 2013 | Quarterly Results | - |
| Aug 14, 2013 | Quarterly Results | - |
| May 30, 2013 | Audited Results | - |
| Jan 24, 2013 | Quarterly Results | - |
| Nov 02, 2012 | Quarterly Results | - |
| Aug 27, 2012 | Others | To consider and to discuss the Preferential Allotment of Warrants to Promoters/Promoter Group. |
| Aug 14, 2012 | Quarterly Results | - |
| May 30, 2012 | Audited Results | - |
| Feb 14, 2012 | Quarterly Results | - |
| Dec 10, 2011 | Quarterly Results | - |
| Nov 24, 2011 | Others | The Board has appointed Mr. Dheeraj Mishra Company Secretary cum Compliance Officer of the Company on November 19, 2011. |
| Aug 16, 2011 | Audited & Quarterly Results | - |
| Feb 11, 2011 | Quarterly Results | - |
| Nov 13, 2010 | Quarterly Results | - |
| Aug 14, 2010 | Quarterly Results | - |
| Jun 29, 2010 | Audited Results | - |
| Jun 23, 2010 | Others | The Board has approved the terms of Memorandum of Understanding with TPG VW Ltd. in accordance with Corporate Debt Restructuring Scheme approved by the tenders of the Company. |
| Jan 29, 2010 | Quarterly Results | - |
| Nov 18, 2009 | Scheme of Merger | The Board has decided to merge a Company by the name of Vishal Water World Pvt. Ltd. with Vishal Retail Ltd. pursuant to Section 391 to 394 of the Companies Act, 1956. |
| Oct 30, 2009 | Quarterly Results & Others | For allotment of 39,10,000 Warrants convertible into Equity Shares to Mr. Ram Chandra Agarwal, Chairman & M.D of the Co. & to sign the debtor-creditor agreement under the scheme of CDR. |
| Oct 22, 2009 | Resignation of Director | The Board has approved the resignation letter submitted by Mr. Rakesh Aggarwal, Independent Director of the Company. |
| Jun 30, 2009 | Audited Results | - |
| Jun 12, 2009 | Appointment of Independent Director's | To consider the appointment of Mrs. Seema Kukreja & Mr. Sandeep Kumar as an Independent Directors of the Company. |
| Jun 02, 2009 | Preferential Allotment of Warrants | To issue of 75,00,000 Warrants to Mr. Ram Chandra Agarwal, through Preferential Issue of Warrants at a price in accordance with SEBI DIP Guidelines & to call an EGM on June 27, 2009 for the same. |
| Jan 30, 2009 | To shift Registered Office of the Co. | To shift Registered Office from RZ-A-95&96, Road No.4, Street No.9, Mahipalpur Extension, New Delhi-110037 to Plot No. 332, Near TELCO Service Station, Behind Shokeen Farmlands, Rangpuri New Delhi-37. |
| Jan 21, 2009 | Quarterly Results | - |
| Oct 24, 2008 | Quarterly Results | - |
| Sep 10, 2008 | To consider issue of Securities | For further issue of securities of the Company by way of QIP / follow on Public Offer or such other routes as permitted under the SEBI DIP Guidelines. |
| Jul 30, 2008 | Quarterly Results & Others | To sale / transfer its divisions / undertakings, on a going concern basis, to its Subsidiary Companies, to synergies the operations of the Company & to call an AGM. |
| Apr 29, 2008 | Quarterly Results | (Revised) |
| Jan 24, 2008 | Quarterly Results | - |
| Jan 11, 2008 | Raising of further capital | inter alia, to consider and discuss raising of further capital through various available mechanisms in India. |
| Oct 29, 2007 | Quarterly Results | - |
| Ex-Date | Bonus Ratio | Record Date |
|---|
05 Jul 2024
V2 RETAIL LTD. - 532867 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
The details are attached herewith.
02 Jul 2024
V2 RETAIL LTD. - 532867 - Company Update At The End Of Quarter 1 (Q1) Of Financial Year 2024-25
The details are attached herewith.
19 Jun 2024
V2 RETAIL LTD. - 532867 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ram Chandra Agarwal & Others
19 Jun 2024
V2 RETAIL LTD. - 532867 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akash Agarwal & Others
19 Jun 2024
V2 RETAIL LTD. - 532867 - Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akash Agarwal
19 Jun 2024
V2 RETAIL LTD. - 532867 - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')-Execution Of Gift Deed
The details are attached herewith.
10 Jun 2024
V2 RETAIL LTD. - 532867 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vishal Waterworld Pvt Ltd & Others
10 Jun 2024
V2 RETAIL LTD. - 532867 - Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akash Agarwal
31 May 2024
Q4FY24 Quarterly & FY24 Annual Result Announced for V2 Retail Ltd.
Department Stores company V2 Retail announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations stood at Rs 296 crore, registering a growth of 53% on a YoY basis. Gross Margin stood at 28.0% for Q4FY24 as compared to 28.6% for Q4FY23. EBIDTA for the quarter stood at Rs 31.4 crore as compared to Rs 14.2 crore in Q4FY23, registering a growth of 121% on YoY basis. EBIDTA margin stood at 10.6% for Q4FY24 as compared to 7.4% for Q4FY23. PAT for the quarter stood at Rs 3.6 crore as compared to loss of Rs (7.7) crore in Q4FY23, registering a growth of 147% on YoY basis. FY24 Financial Highlights: Revenue from operations for FY24 stood at Rs 1,164.7 crore, registering a growth of 39% on YoY basis. Gross Margin stood at 29.7% for FY24 as compared to 31.0% for FY23. EBIDTA for FY24 stood at Rs 147.8 crore as compared to Rs 84.0 crore in FY23 registering a growth of 76%. EBIDTA margin stood at 12.7% for FY24 as compared to 10.0% for FY23. PAT for FY24 stood at Rs 27.8 crore as compared to loss of Rs (12.8) crore in FY23, registering a growth of 317% on YoY basis. Commenting on the results and performance, Ram Chandra Agarwal, Chairman & Managing Director said: "FY24 has been a historic year for the Company. The relentless efforts of our team to work toward the strategic initiatives and achieve the growth plan has started reflecting in the performance. I believe this is just the start and we are geared to set up new benchmark both in terms of customer satisfaction and resultant reflection in our performance. All this was achieved during a year marred by challenging market conditions, speaks volumes about our in-depth understanding and ahead of curve strategy. Our strong inventory rotation has translated into lowering our discounted offerings. In a year wherein we achieved a 39% YoY revenue growth, our 87% of the revenue was generated from MRP sales, is a testimony of higher acceptance for our products. Our inhouse manufacturing facilities along-side our experienced team of designers and merchandiser and inventory management focus has given us an edge as compared to our peers. The strong acceptance of our differentiated product offerings and growing relevance is the testimony of our customer centric thinking of providing fresh variety, good quality at best price. The growth across all our stores have been encouraging, translating into a robust SSG of 31% in FY24. Our strategy to expand and deepen our store presence with the aim of being ever more proximate and convenient to customers reinforcing our brand promise. Our expansion plan on Stores is on track. We have added 15 stores (net) in FY24 and plans to open additional 20-25 stores FY25. Our emphasis on Private Brands continues and the growth is encouraging. We are confident that this business is well poised to shift gears and deliver substantial value to customers and shareholders going forward. The growing acceptance of our brands demonstrates the attractiveness of our platform and the tremendous potential to address opportunities that lie ahead.” Result PDF
