Q4FY22 Quarterly Result Announced for V Mart Retail Ltd.
V Mart Retail declares Q4FY22 result: V-Mart reports 30% revenue growth and 50% increase in EBITDA YoY, for Q4, FY’22 Full year revenue zooms by 55% and EBITDA by 56%, proposes 7.5% dividend The company reported revenues of 459 cr, +30% YoY in partially covid impacted Q4 for FY’22 led by a good festive season across most of its markets, pan-India. Fresher inventory, higher gross margin contribution from south India stores, lower discounts, and control over expenses despite significant inflationary pressures, led to a healthy 50% increase in EBITDA, YoY. For the full year, revenues increased to Rs. 1,666 cr, +55% YoY for FY’22 reflecting a sharper growth from a significantly covid impacted last year. EBITDA for the full year also rose by 56% to Rs.204 cr, while the PAT increased to Rs.12 cr, vs a loss of Rs.-6 cr in the covid impacted previous year. The board of directors in their meeting held today, proposed a 7.5% dividend for the FY’22 subject to approval by the shareholders in the ensuing general meeting. Result PDF26-05-2022