More price hikes on cards? | Anand Agarwal, V-Mart

For the first quarter, V-Mart reported revenues of Rs. 592 cr, up 225% YoY from Rs. 182 cr in last year. EBIDTA and PAT stood at Rs. 89 cr and Rs. 20 cr respectively, showcasing strong recovery against the Covid impacted Q1FY22. The Company remained debt free with comfortable inventory, liquidity and cash position. Continued inflationary pressures and increase in product pricing impacted rural and semi urban demand with stores in urban areas & Tier 1 towns performing relatively better. Recently acquired Unlimited stores in South India performed steadily delivering healthy profitability. Anand Agarwal, CFO, V-Mart shares more details on the quarter gone by.#VMartrevenue ##VMartperformance ##VMartgrowth

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