V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q1 FY25 Earnings Presentation
38 slides from V2 Retail's earnings presentation, Jul 30, 2024
Slide 1: Exchange intimation letter for Q1 & FY 2024-25 investor presentation
V2 Retail Limited 30th July, 2024 BSE Ltd. National Stock Exchange of India Ltd. Corporate Relation Department, Listing Department Listing Department, Exchange Plaza, C-1, Block- G, Rotunda Building, PJ Towers, Bandra Kurla Complex Dalal Street, Mumbai – 400 023. Bandra (East) Mumbai–400 051 Scrip C
Slide 2: V2 Retail Limited Q1FY25 Investor Presentation
| GODSPEED Cbhlia LS: BRATS ESTD.1994 BODY & MIND v2 V2 RETAIL LIMITED | Q1FY25 Investor Presentation
Slide 3: Q1 FY25 Performance Highlights
Q1 FY25 Performance Highlights
Slide 4: Q1 FY25 Performance Highlights (Consolidated)
Q1 FY25 Performance Highlights (Consolidated) 01 02 03 04 Revenue Gross Profit EBIDTA PAT Q1 FY25 ₹ 415.0 crore +57% ₹ 120.2 crore +49% ₹ 55.5 crore +56% ₹ 16.3 crore +162% 29.0% 13.4% 3.9% FY24 ₹ 1164.7 crore ₹ 346.0 crore ₹ 147.8 crore ₹ 27.8 crore +317% +39% +33% +76% 29.7% 12.7% 2.4% 3 3
Slide 5: Key Operational Highlights Q1 FY25
Key Operational Highlights Q1 FY25 Sales Per Square Feet 08 01 Same Stores Sales Growth Sales per square feet (PSF) per Same stores sales growth (SSG) month was ₹ 1,059 in Q1FY25 as stood at ~37% for Q1FY25. compared to ₹ 798 in Q1FY24. Stores Count & Retail Area 07 02 Volume Growth 127 Stores at th
Slide 6: Q1 FY25 Financial Highlights (Consolidated)
Q1 FY25 Financial Highlights (Consolidated) Revenue (₹ Cr) Gross Profit (₹ Cr) EBIDTA (₹ Cr) PAT (₹ Cr) 5 5
Slide 7: Q1 FY25 Financial Highlights (Standalone)
Q1 FY25 Financial Highlights (Standalone) Revenue (₹ Cr) Gross Profit (₹ Cr) EBIDTA (₹ Cr) PAT (₹ Cr) 6 6
Slide 8: Q1 FY25 Profit & Loss - Consolidated
Q1 FY25 Profit & Loss - Consolidated Y-O-Y Y-O-Y Particulars (₹ Cr) Q1 FY25 Q1 FY24 Q4 FY24 FY24 FY23 % Change % Change Revenue from Operations 415.0 263.6 57% 296.0 1,164.7 838.9 39% Cost of Material Consumed 280.1 172.0 200.4 766.8 553.4 Direct Expenses 14.7 10.9 12.9 51.9 25.4 COGS 294.8 182.9 21
Slide 9: Q1 FY25 Profit & Loss – Consol. (Pre Ind As 116)
Q1 FY25 Profit & Loss – Consol. (Pre Ind As 116) Y-O-Y Y-O-Y Particulars (₹ Cr) Q1 FY25 Q1 FY24 Q4 FY24 FY24 FY23 % Change % Change Revenue from Operations 415.0 263.6 57% 296.0 1,164.7 838.9 39% Cost of Material Consumed 280.1 172.0 200.4 766.8 553.4 Direct Expenses 15.3 11.4 13.5 54.3 27.4 COGS 29
Slide 10: Q1 FY25 Profit & Loss - Standalone
Q1 FY25 Profit & Loss - Standalone Y-O-Y Y-O-Y Particulars (₹ Cr) Q1 FY25 Q1 FY24 Q4 FY24 FY24 FY23 % Change % Change Revenue from Operations 415.0 263.6 57% 296.0 1,164.7 838.9 39% COGS 304.7 189.9 220.6 845.1 595.5 Gross Profit 110.3 73.7 50% 75.4 319.7 243.4 31% GP Margin % 26.6% 27.9% 25.5% 27.4
Slide 11: Q1 FY25 Profit & Loss – Standalone (Pre Ind As 116)
Q1 FY25 Profit & Loss – Standalone (Pre Ind As 116) Y-O-Y Y-O-Y Particulars (₹ Cr) Q1 FY25 Q1 FY24 Q4 FY24 FY24 FY23 % Change % Change Revenue from Operations 415.0 263.6 57% 296.0 1,164.7 838.9 39% COGS 304.7 189.9 220.6 845.1 595.5 Gross Profit 110.3 73.7 50% 75.4 319.7 243.4 31% GP Margin % 26.6%
Slide 12: Media & Promotion Campaigns
Media & Promotion Campaigns 11 11
Slide 13: Media & Promotion Campaigns
Media & Promotion Campaigns 12 12
Slide 14: New Stores Opening
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Slide 15: New Stores Opening
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Slide 16: Corporate Overview
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Slide 17: About V2 Retail
About V2 Retail Its motto is “Value & Variety" can be truly identified from the range and the value of V2 Retail Limited, product portfolio it maintain across all stores. incorporated in the year 2001 under the visionary At V2 Retail, our leadership of Mr. Ram Chandra Agarwal with an mission is to o
Slide 18: Business Division / Verticals
Business Division / Verticals The key factors driving apparel business Occasions Occasions Drive Purchases Festivals| Weddings| Birthdays| Social Functions Functional Needs Discount| Offers| Sale| Replace Old Clothes | Fashion Emotional Needs • Men’s Wear – Upper, Lower, Occasion Wear, Winter Wear,
Slide 19: Inventory Management & Customer Satisfaction
Inventory Management & Customer Satisfaction 01 Product Design • In House Product development Team of 25 Manufacturing designers • Creating unique & trend setting designs • State of art manufacturing facility in Noida & • Greater control over our product portfolio Bihar • Equipped with best brand ma
Slide 20: Our Manufacturing Capabilities
Our Manufacturing Capabilities 19 19
Slide 21: Manufacturing Setup
Manufacturing Setup 20 20
Slide 22: Retail Footprint – Reaching Customers
Retail Footprint – Reaching Customers 127 Stores at the end of Q1FY25 (Opened 10) Retail Area ~13.64 lakh sq.ft. State No. of Stores Arunachal Pradesh 1 Assam 8 Bihar 28 Delhi & NCR 6 Goa 2 Himachal Pradesh 1 J&K 1 Jharkhand 9 Karnataka 8 Madhya Pradesh 3 Meghalaya 1 Odisha 20 Tripura 1 Uttar Prades
Slide 23: Stores Experience
Stores Experiencee 22 22
Slide 24: Stores Experience
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Slide 25: Stores Experience
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Slide 26: Board of Directors
Board of Directors Mr. Ram Chandra Agarwal, Ms. Uma Agarwal, Mr. Akash Agarwal, Chairman & Managing Director Whole Time Director Whole Time Director • Mr. Agarwal holds a bachelor’s degree in • Mrs. Agarwal holds a bachelor’s degree in • Mr. Akash Agarwal holds an International Commerce. Arts. MBA f
Slide 27: Independent Directors
Independent Directors Dr. Arun Kumar Roopanwal Mrs. Archana S Yadav Mr. Srinivas Anand Mannava Independent Director Independent Director Independent Director • He has over 35 Years of • A Chartered Accountant in • Post-Graduate Program in extensive experience in practice with more than 14 years Busi
Slide 28: Historical Financial & Operational Indicators
Historical Financial & Operational Indicators
Slide 29: Key Operational Highlights FY24
Key Operational Highlights FY24 Store Count & Retail Area Average Selling Price 117 Stores at the end of FY24 ASP was ₹ 263 in FY24 as compared to (Opened 24, Closed 9) ₹ 283 in FY23. Total Retail Area ~12.54 lakh sq.ft. Average Bill Value ABV was ₹ 797 in FY24 as compared to ₹ 797 in FY23 Same Stor
Slide 30: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (₹ in Cr) FY2020 FY2021 FY2022 FY2023 FY2024 Revenue from Operations 701.2 538.6 629.2 838.9 1,164.7 Growth (%) -23.2% 16.8% 33.3% 38.8% Gross Profit 196.0 162.8 201.6 260.1 346.0 GP Margin (%) 27.9% 30.2% 32.0% 31.0% 29.7% EBIDTA 74.9 48.5 64.7 84.0 147.8 EBID
Slide 31: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ in Cr) FY2024 FY2023 FY2022 Particulars (₹ in Cr) FY2024 FY2023 FY2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 116.1 98.6 102.9 Equity share capital 34.6 34.4 34.4 Capital Work in Progress 0.2 0.1 - Other equity
Slide 32: Standalone Profit & Loss
Standalone Profit & Loss Particulars (₹ in Cr) FY2020 FY2021 FY2022 FY2023 FY2024 Revenue from Operations 701 539 629 839 1,165 Growth (%) -6.3% -23.2% 16.8% 33.3% 85.1% Gross Profit 196.0 158.3 188.6 243.4 319.7 GP Margin (%) 27.9% 29.4% 30.0% 29.0% 27.4% EBIDTA 76.0 48.8 60.7 78.8 142.4 EBIDTA Mar
Slide 33: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ in Cr) FY2024 FY2023 FY 2022 Particulars (₹ in Cr) FY2024 FY2023 FY 2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 95.2 85.7 91.6 Equity share capital 34.6 34.4 34.4 Capital Work in Progress 0.2 0.1 - Other equity 23
Slide 34: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (₹ in Cr) FY2024 FY2023 FY2024 FY2023 PBT 30.6 (18.8) 31.4 (17.0) Adjustments 131.3 108.1 136.4 111.7 Operating profit before working capital changes 161.9 89.3 167.8 94.7 Changes in working capital (76.2) (10.4) (75.0) (9.4) Cash generated fro
Slide 35: Robust Standalone Financial Performance
Robust Standalone Financial Performance Revenue (₹ Cr) EBIDTA (₹ Cr) & EBIDTA Margin PBT (₹ Cr) PAT (₹ Cr) 34 34
Slide 36: Key Operating Matrix - Standalone
Key Operating Matrix - Standalone Revenue No. of Stores (₹Space & Retail Million) (lakh sq.ft.) Inventory Holding Days Sales Per Sq. Ft. (₹ Per Month) Rent Per Sq. Ft. (₹ Per Month) 60 50 40 30 50 53 45 20 38 40 10 0 35 35 FY2020 FY2021 FY2022 FY2023 FY2024 35
Slide 37: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by V2 Retail Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and
Slide 38: Investor Relations contacts
A MEN'S WEAR | WOMEN'S WEAR | Investor Relation Advisor Company Dr. Rahul Porwal / Mr. Amit Porwal Mr. Shivam Aggarwal Marathon Capital Advisory Private Limited Company Secretary & Compliance Officer Tel : +91-22-40030610 / 9967576900 / 9819773905 V2 Retail Limited Email : rahul@marathoncapital.in /