V-MART RETAIL LTD. - 534976 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
With reference to our letter dated 08th November, 2021 (Ref. No. CS/S/L-529/2021-22) intimating you about the conference call with Analysts and Investors held on 10th November, 2021, the recording/transcript of the same has been uploaded on our website www.vmart.co.in. V-Mart Retail Ltd - 534976 - Statement Of NIL Deviation Or Variation For The Quarter Ended 30Th September, 2021 For Utilization Of QIP Proceeds
Pursuant to the Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please note that there is no deviation/ variation in the utilization of proceeds as mentioned in the objects stated in the placement document of Qualified Institutional Placement. In terms of SEBI Circular No. CIR/CFD/CMDl/162/2019 dated December 24, 2019, enclosed find herewith the Statement of NIL deviation(s) or variation(s) for the quarter ended 30th September, 2021. V-MART RETAIL LTD. - 534976 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed herewith the copy of the newspaper publication of the unaudited financial results of the Company for the second quarter and half year ended 30th September, 2021 as published in terms of the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, on Tuesday 9th November, 2021 in Business Standard' - English and - 'Business Standard' Hindi newspapers. Q2FY22 Quarterly Result Announced for V Mart Retail Ltd.
Highlights: V-Mart reports 93% revenue growth YoY for Q2 FY’22; accelerates expansion to reach 368 stores as of 30’ September 2021 The Company saw sustained recovery post the second wave of Covid related disruptions, despite the early part of the quarter remaining impacted by partial lockdowns in parts of the country. Acquisition of 74 Unlimited stores in South India, effective from 1st September also helped increase the sales recovery to 107% for the quarter, versus pre-Covid levels (Q2 FY20). On a comparable basis, excluding the addition of 74 Unlimited stores, the recovery from pre-Covid levels stood at 100% for the Company. The company continues to remain focused and committed to the accelerated store expansion plan with 86 net store additions for the quarter (including 74 stores acquired in South India) and now operates a total of 368 stores across 26 states. The southern acquisition and transition went ahead smoothly, with V-Mart adding 800+ employees to its already existing 7000+ strong workforce. The immediate focus of the company in the newly formed south zone remains on ensuring people and product continuity, while improving merchandise assortment, sharper pricing and integration of systems and processes. A key initiative in the overall merchandise strategy for the company will now be cross-populating selective stocks from south to north, and vice versa to add more variety and better options for consumers of both geographies. Improved sales and better supply chain management initiatives helped improve EBITDA to 6.1% for the second quarter, which traditionally remains a subdued and a small quarter impacted by end of season sales and lower margins. The inventory levels remained healthy despite the upstocking for the festive season with comfortable liquidity and cash position. Our customers continued to increasingly leverage the convenience of digital platform with the online channel continuing to register dynamic growth. Digital content and social media initiatives remain increasingly central to the overall marketing strategy. The company has also started launching exclusive styles on its online platform which is witnessing encouraging traction. The company also continues to invest significantly behind digital transformation projects and data analytics to further augment decision support systems across all parts of the business Commenting on Q2 performance, Mr. Lalit Agarwal, said the rapid market uptick post the second wave of Covid-19 saw a strong recovery on the back of increased operational days and festive led consumption (15th August Rakhi, Janmashtmi). “Though the business got disrupted in Q1 owing to the second wave, it was encouraging to see operations recover quickly from mid-June onward, with rapid re-opening of our stores in almost all markets,” said Mr. Agarwal. Strategic outreach of our brand through our omnichannel platform has also been encouraging. We saw significant consumer acceptance of our digital-based shopping avenues during the quarter, and continue to build upon that level of consumer trust by exciting offers, newer merchandise and customer service,” added Mr. Agarwal. Result PDF V-Mart Retail Ltd - 534976 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed herewith the presentation being forwarded to Analysts/Investors on unaudited financial results of the Company for the second quarter and half year ended 30st September, 2021. V-Mart Retail Ltd - 534976 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed herewith press release on the financial results of the Company for the second quarter and half year ended on 30th September, 2021. V-Mart Retail Ltd - 534976 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment of Equity Shares as detailed below upon exercise of Options by the employees under the Company''s Employee Stock Options Scheme, 2012: No. of equity shares allotted: 7,262 (Face Value of Rs. 10/-) Date of Allotment: 8th November, 2021. With the allotment of the above shares, the total number of equity shares of the Company stands increased from present level of 1,97,32,789 to 1,97,40,051 equity shares of Rs. 10/- each. V-Mart Retail Ltd - 534976 - Unaudited Financial Results For The Second Quarter And Half Year Ended On 30Th September, 2021
The unaudited financial results of the Company along with the limited review report issued by the Statutory Auditors for the second quarter and half year ended on 30th September, 2021 pursuant to Regulations 30 & 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. V-MART RETAIL LTD. - 534976 - Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Of The Company Held On 8Th November, 2021
The Board of Directors at their meeting held today i.e. 8th November, 2021 have, inter alia, approved the following: 1. The unaudited financial results of the Company along with the limited review report issued by the Statutory Auditors for the second quarter and half year ended on 30th September, 2021 pursuant to Regulations 30 & 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. Appointment of Mr. Aakash Moondhra as the Chairman of the Board of Directors of the Company, pursuant to Regulation 17(1B) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 w.e.f. closure of this Board Meeting. However, Mr. Lalit Agarwal shall continue to remain the Managing Director of the Company. 3. Amendment to the Code of Conduct to Regulate, Monitor & Report Trading by Insiders. V-Mart Retail Ltd - 534976 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we wish to inform you that the Company will organize a conference call for investors and analysts on Wednesday, 10th November, 2021 at 10:00 A.M. to discuss the corporate performance during Q2 FY22.