V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q1 FY2025 Earnings Presentation
23 slides from V-mart Retail's earnings presentation, Aug 6, 2024
Slide 1: Revised Presentation to Analysts/Investors cover letter
Ref. No. CS/S/L-795/2024-25 6th August, 2024 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 Scrip
Slide 2: V-Mart Retail Limited Investor Presentation Q1FY25
V-Mart Retail Limited Investor Presentation Q1FY25 www.vmartretail.co.in / www.limeroad.com
Slide 3: Key Performance Highlights
Q1FY25 Key Performance Highlights Financial Parameters Operational Parameters
Slide 4: Key Highlights: Q1FY25 vs. Q1FY24
Key Highlights: Q1FY25 vs. Q1FY24 ▪ Revenue Growth : 16% YoY ▪ Memo Growth 18% YoY ▪ Revenue Channel Mix • V-Mart : 83% (Sale growth +20% YOY) • Unlimited : 16% (Sale growth +5% YOY) • LimeRoad : 1% (commission revenue) ▪ Total Stores : 448 (V-Mart : 370 / Unlimited : 78) • Stores Opened : 7 (V-Mart
Slide 5: Financial Parameters
Financial Parameters Revenue (₹ Millions) Revenue Mix (%) 16%▲ Q1FY24 Q1FY25 Q1FY24 Q1FY25 20%▲ 79% 81% 7,861 6,785 6,500 5,424 5%▲ 33%▼ 1,187 1,245 10% 9% 11% 10% 174 116 Total V-Mart Unlimited LimeRoad Apparel Non-Apparel FMCG LimeRoad Net Merchandise Value : ₹ 291 Million (Q1FY24 : ₹ 445 Million)
Slide 6: Operational Parameters
Operational Parameters Footfall Conversion Rate (%) Q1FY24 Q1FY25 Q1FY24 Q1FY25 18 54% 36%▲ 47% 13 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Average Transaction Size (₹) Average Selling Price (ASP) (₹) Q1FY24 Q1FY25 6%▼ 6%▼ 15%▼ 3%▼ 2%▼ 2%▼ 1%▲ 2,140 1,816 0%▼ 2%▲ 1,054 1,036 952 961 220 202 421 322 304 445 Total
Slide 7: Operational Parameters
Operational Parameters Store Count (Nos) Tier Wise Sales per square feet (Per Month) (₹) 4%▲ Q1FY24 Q1FY25 Q1FY24 Q1FY25 13%▲ 15%▲ 448 8%▲ 11%▲ 431 9%▲ 19%▲ 711 761 703 5%▼ 632 665 629 682 632 643 2%▲ 2%▲ 237 540 217 109 104 52 53 53 54 Tier 1 Tier 2 Tier 3 Tier 4 Tier 1 Tier 2 Total Tier 1 Tier 2 T
Slide 8: Operational Parameters
Operational Parameters Same Store Sales Growth (SSSG) (%) Same Store Volume Growth (SSSV) (%) Q1FY24 Q1FY25 Q1FY24 Q1FY25 11% 12% 8% 15% 0% 11% 10% 8% -3% 3% 3% -11% Total V-Mart Unlimited Total V-Mart Unlimited Inventory (Days of Sales) Provision for aged Inventory including shrinkage Q1FY24 Q1FY25
Slide 9: Operating Expenses
Operating Expenses Manpower (₹ Millions) Power & fuel (₹ Millions) 17%▲ 8%▲ 24%▲ 13%▲ 717 841 302 326 643 233 263 519 9%▲ 10%▼ 14%▼ 120 131 78 67 69 62 0 0 * Total V-Mart Unlimited * LimeRoad Q1FY24 Q1FY25 Total V-Mart Unlimited LimeRoad Q1FY24 Q1FY25 Advertisement (₹ Millions , % to Total Revenue)
Slide 10: LimeRoad
HASSLE- Aig FREE RETURNS Easy One Day Refunds LimeRoad FASHION THAT INSPIRES Hand-picked BY EDITORS
Slide 11: Limeroad: Expanding Omni, Reducing burn
Limeroad: Expanding Omni, Reducing burn NMV and Revenue (₹ Millions) OneClick online Oder Synergies : V-Mart stores integration 71% 600 42% 42% 43% 41% 42% 500 42% 46% 400 40% 41% 41% 28% 31% 300 40% 39% 312 445 40% 18% 200 39% 39% 100 445 174 535 216 408 172 362 152 286 116 38% 0 38% Jun'23 Sep'23
Slide 12: LimeRoad is extending our total combined addressable market
New Arrivals Fit And Flare Picks Pastel Footwear Finds LimeRoad is extending our total combined addressable market by targeting a fashion- forward audience 11
Slide 13: Key Business Segments, Profit & Loss, Balance Sheet, Cash flow
Q1 FY25 Key Business Segments Profit & Loss Statement Balance Sheet Cash flow Statement 12
Slide 14: Statement of Profit & Loss
Statement of Profit & Loss ₹ Millions Post Ind AS 116 Pre Ind AS 116 YTD FY25 YTD FY24 YOY YTD FY25 YTD FY24 YOY Particulars (Unaudited) (Unaudited) % Change (Unaudited) (Unaudited) % Change Revenue from operations 7,861 6,785 16% 7,861 6,785 16% COGS 5,094 4,358 5,094 4,358 Gross Profit 2,767 2,427
Slide 15: Ind-AS 116: P&L Impact (Q1 FY25)
Ind-AS 116 : P&L Impact (Q1 FY25) ₹ Millions Q1 FY25 Q1 FY24 Pre Ind-AS Increased / Post Ind-AS Pre Ind-AS Increased / Post Ind-AS Particulars (impact on PBT) 116 (decreased) 116 116 (decreased) 116 (A) (B) C = (A+B) (C) (D) E = (C+D) Other Expense (Rent impact) 1,489 -552 937 1,676 -490 1,186 EBITD
Slide 16: Segment Reporting
Segment Reporting ₹ Millions As at As at Particulars June 30, 2024 June 30, 2023 Particulars June 30, 2024 June 30, 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Segment Revenue Segment Asset Retail Trade (V-Mart + Unlimited) 7,745 6,612 Retail Trade (V-Mart + Unlimited) 26,235 25,144 Digital
Slide 17: Balance Sheet
Balance Sheet ₹ Millions As At As At Particulars June 30, 2024 March 31, 2024 Particulars June 30, 2024 March 31, 2024 (Unaudited) (Audited) (Unaudited) (Audited) EQUITY AND LIABILITIES ASSETS Equity Property, plant and equipment 4,947 4,898 Equity Share Capital 198 198 Capital work in progress 46 3
Slide 18: Cash Flow Statement
Cash Flow Statement ₹ Millions Cash Flow Statement for the period For the period ending For the period ending June 30, 2024 June 30, 2023 Free Cash Flow for the period June 30, 2024 June 30, 2023 (Unaudited) (Unaudited) (A) Cash flows from operating activities 1,293 1,046 Net cash flow from operatin
Slide 19: Store Geographical Spread, Other Significant Updates
Q1 FY25 Store Geographical Spread Other Significant Updates 18
Slide 20: Cluster Based Expansion - New Stores Additions (Q1 FY25)
Cluster Based Expansion - New Stores Additions (Q1 FY25) Total 7 BIHAR 2 GUJARAT 1 +1 TAMIL NADU 1 ANDHRA PRADESH 1 +2 1 +2 2 +1 UTTAR PRADESH 1 +1 1 +1 TRIPURA 1 Closed 3 stores & opened 7 stores in Q1 +1 1 Total 7 +1 Tier 1 2 1 Tier 2 - +2 Po ered Bing Tier 3 5 eo a es icroso To To Tier 4 - 19
Slide 21: Total Stores as on June 30, 2024
Total Stores as on June 30, 2024 STATE Q1FY25 Q1FY24 ANDHRA PRADESH 10 12 ARUNACHAL PRADESH 1 1 ASSAM 13 14 1 BIHAR 61 59 4 CHANDIGARH 1 1 14 GOA 0 1 4 1 GUJARAT 12 7 5 HARYANA 4 4 2 1 9 1 HIMACHAL PRADESH 1 1 59 1 JAMMU AND KASHMIR 8 8 1 2 19 JHARKHAND 26 24 11 KARNATAKA 15 18 KERALA 4 2 1 MADHYA P
Slide 22: New Stores Opened in Q1
New Stores Opened in Q1 Sangareddy Town, Telangana Vadodara, Gujarat Bhojpur, Bihar www.LimeRoad.com Agartala, Tripura 21
Slide 23: Thank you!
Thank you! In case of any queries, please contact the IR Team: ir_vmart@vmartretail.com