V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q3 FY23 Earnings Presentation
26 slides from V-mart Retail's earnings presentation, Feb 6, 2023
Slide 1: Cover letter to stock exchanges
Ref. No. CS/S/L-639/2022-23 6th February, 2023 To: To: The Listing Department The Corporate Relationship Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED THE BSE LTD “Exchange Plaza” Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (E ), Mumbai – 400 051 Scri
Slide 2: V-Mart Retail Limited Investor Presentation Q3 FY23
V-Mart Retail Limited Investor Presentation Q3’ FY23 www.vmartretail.com / www.limeroad.com
Slide 3: Disclaimer
This presentation has been prepared by V-Mart Retail Limited (“V-Mart”) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to
Slide 4: www.vmartretail.com www.vmartretail.com www.limeroad.com
www.vmartretail.com www.vmartretail.com www.limeroad.com
Slide 5: Q3 FY23 Key Performance Highlights
Q3’ FY23 Key Performance Highlights Financial Parameters Operational Parameters 4
Slide 6: Key Highlights: Q3 FY23 vs. Q3 FY22
Key Highlights: Q3’ FY23 vs. Q3 FY22 § Revenue Growth : 12% QoQ § Revenue Mix • VMart : 80% • Unlimited : 17% • Online (Including LimeRoad) : 3% (Limeroad only has commission revenue) § Contribution of segment to total revenue • Fashion - 90% : Kirana - 10% § Net Profit / (loss) : INR 200 Million •
Slide 7: Financial Parameters
Financial Parameters Revenue (₹ Millions) Revenue Mix (%) 7,769 79.4% 81.6% 12% 6,920 Q3 FY23 10.9% 11.1% 9.7% 7.3% Q3 FY22 Q3 FY23 Q3 FY22 Apparel Non App Kirana EBITDA (₹ Millions) PAT (₹ Millions) -23% 1,353 -65% 571 1,037 200 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 6 Q3 FY23
Slide 8: Operational Parameters
Operational Parameters Footfall (Lakhs) Conversion Rate (%) 126 13% -9% 61% 111 55% Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Same Store Sales Growth (%) Average Selling Price (Rs) -1% 10% 503 500 0% Apparel 291 292 Total 1% Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 7 Q3 FY23
Slide 9: Apr – Dec FY23 Key Performance Highlights
Apr – Dec FY23 Key Performance Highlights Financial Parameters Operational Parameters 8
Slide 10: Highlights: April - Dec FY23 vs FY22
Highlights: April - Dec FY23 vs FY22 § Revenue Growth : 55% YoY § Revenue Mix • VMart : 80.8% • Unlimited : 17.6% • Online (Including LimeRoad) : 1.6% (Limeroad only has commission revenue) § Contribution of segment to total revenue • Fashion - 90% : Kirana : 10% § Net Profit / (loss) : INR 291 Mill
Slide 11: Financial Parameters
Financial Parameters Revenue (₹ Millions) Revenue Mix (%) 18,709 55% 79.3% 80.7% 12,074 YTD FY23 10.4% 11.1% 10.3% 8.2% YTD FY22 YTD FY23 YTD FY22 Apparel Non App Kirana EBITDA (₹ Millions) PAT (₹ Millions) 60% 2,460 104% 291 1,540 143 YTD FY23 YTD FY22 YTD FY23 YTD FY22 10 YTD FY23
Slide 12: Operational Parameters
Operational Parameters Footfall (Lakhs) Conversion Rate (%) -6% 63% 322 54% 209 59% YTD FY23 YTD FY22 YTD FY23 YTD FY22 Transaction size (Rs.) Average Selling Price (Rs) 7% 1,044 7% 4% 419 392 250 Apparel 971 242 Total YTD FY23 YTD FY22 YTD FY23 YTD FY22 11 YTD FY23
Slide 13: Operational Parameters
Operational Parameters Sales per sq feet (per month)* Store Count (Nos) 636 10% 188 162 111 100 580 62 57 YTD FY23 53 55 YTD FY22 Tier 1 Tier 2 Tier 3 Tier 4 Tier 3 Tier 4 YTD FY23 YTD FY22 Tier 1 Tier 2 Tier 3 Tier 1 TierTier42 *basis operational days Same Store Sales Growth (%) Same Store Volume G
Slide 14: Operational Parameters
Operational Parameters Expenses (% of Revenue) Retail Space (Lakhs Sq feet) 10.0% 10.6% 37 6.4% 4.8% YTD FY23 33 3.8% 3.6% 2.9% 2.5% YTD FY22 Manpower Power Advertisement Others YTD FY23 YTD FY22 Inventory (Days of Sales) Shrinkage (% of Revenue) 106 113 108 111 115 117 2.1% Total 69 Apparel 53 Non
Slide 15: Apr - Dec FY23 Key Business Segments
Apr - Dec FY23 Key Business Segments Profit & Loss Statement Balance Sheet Cash flow Statement 14
Slide 16: Profit & Loss Statement
Profit & Loss Statement INR millions (except per share data) For the period ended Particulars 31.12.2022 31.12.2021 (Unaudited) (Unaudited) I Revenue from operations 18,709 12,074 II Other income 75 112 III Total Income (I + II) 18,784 12,186 IV Total expenses 18,398 12,002 V (Loss)/profit before ta
Slide 17: Ind-AS 116: P&L Impact (Q3 FY23)
Ind-AS 116 : P&L Impact (Q3 FY23) INR Millions Pre Ind-AS 116 Post Ind-AS 116 Net Impact on PBT Particulars (impact on PBT) – FY23 (A) (B) C = (B-A) Rent 1,510 204 (1,306) Finance cost 32 833 801 Depreciation & Amortization 401 1,316 915 PBT decreased by 410 “Changes due to Ind-AS 116 (increase) / d
Slide 18: Financial Review - Balance Sheet
Financial Review - Balance Sheet INR Millions As At As At Particulars December 31, 2022 March 31, 2022 Particulars December 31, 2022 March 31, 2022 (Unaudited) (Audited) (Unaudited) (Audited) ASSETS EQUITY AND LIABILITIES Property, plant and equipment 3,102 2,795 Equity Capital work in progress 600
Slide 19: Financial Review - CFS
Financial Review - CFS INR Millions For the period ending Cash Flow Statement for the period December 31, 2022 March 31, 2022 (Unaudited) (Unaudited) (A) Operating activities Profit before Income Tax 386 104 Adjustments to reconcile profit before tax to net cash flows 2,117 1,887 Operating profit be
Slide 20: Store Geographical Spread, Recent Campaigns
Apr - Dec FY23 Store Geographical Spread Recent Campaigns Our Journey to “Omnipresence” Other Significant Updates 19
Slide 21: New Stores Addition (Q3 FY23)
New Stores Addition (Q3’ FY23) 1 +1 4 5 +2 +2 +1 STATE Store Count 1 2 +1 +1 JHARKHAND 2 MADHYA PRADESH 1 RAJASTHAN 4 1 +1 TELANGANA 1 TRIPURA 1 +1 UTTAR PRADESH 5 UTTARAKHAND 1 +2 Total 15 Powered by Bing © GeoNames, Microsoft, TomTom 20 Q3 FY23
Slide 22: Total Stores as on December 31, 2022
Total Stores as on December 31, 2022 STATE CY LY ANDHRA PRADESH 11 9 ARUNACHAL PRADESH 1 1 8 ASSAM 12 9 1 BIHAR 57 56 5 GOA 1 1 13 GUJARAT 7 7 4 HARYANA 4 2 5 1 HIMACHAL PRADESH 1 2 23 130 12 JAMMU AND KASHMIR 8 8 57 JHARKHAND 24 22 KARNATAKA 20 21 17 24 16 KERALA 1 1 7 MADHYA PRADESH 17 13 MAHARASH
Slide 23: Celebrating Festivals with Fashion & Happiness – Key Campaigns
Celebrating Festivals with Fashion & Happiness – Key Campaigns Diwali Celebrations Fashion & Celebration Makar Sankranti Celebrations 22
Slide 24: Golden Peacock Award for Corporate Governance
Awarded the prestigious “Golden Peacock Award” for excellence in Corporate Governance 24
Slide 25: Certificate of Appreciation for Excellence in Corporate Governance
Received Certificate of Appreciation for Excellence in Corporate Governance by Institute of Company Secretaries of India Certificate of Appreciation in Mid Cap category – ICSI National Awards for Excellence in Corporate Governance (22nd edition) 25
Slide 26: Thank you!
Thank Thankyou! you! In case of any queries, please contact the IR Team: In case of any queries, please contact the IR Team: ir_vmart@vmartretail.com ir_vmart@vmartretail.com