V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q1 FY26 Earnings Presentation
23 slides from V-mart Retail's earnings presentation, Jul 24, 2025
Slide 1: Exchange filing cover letter for analyst presentation
Ref. No. CS/S/L-902/2025-26 24th July, 2025 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 C
Slide 2: V-Mart Retail Limited Investor Presentation Q1FY26
V-Mart Retail Limited Investor Presentation Q1FY26 www.vmart.co.in / www.limeroad.com
Slide 3: Disclaimer
This presentation by V-Mart Retail Limited (“V-Mart”) does not constitute a prospectus, placement memorandum, or an offer to acquire any securities. It should not be deemed an offer in any form. No representation or warranty, express or implied, is made regarding the fairness, accuracy, completeness
Slide 4: Q1FY26 Key Performance Highlights
Q1FY26 Key Performance Highlights Financial Parameters Operational Parameters
Slide 5: Key Highlights: Q1FY26 vs. Q1FY25
Key Highlights: Q1FY26 vs.Q1FY25 ▪ Revenue Growth : 13% YoY ▪ Memo Growth 18% YoY ▪ Same Store Sales Growth : 1% (V-Mart: 1%, Unlimited: 1%) ▪ Normalised Same Stores Growth : 5%* (V-Mart: 5%, Unlimited: 5%) ▪ Total Stores : 510 (V-Mart : 421, Unlimited : 89) • Stores Opened : 15 (V-Mart: 10, Unlimit
Slide 6: Financial Parameters
Financial Parameters Revenue from operations (₹ Millions) Revenue Mix (%) 13%▲ Q1FY25 Q1FY26 14%▲ 81% 80% Q1FY25 Q1FY26 8,852 7,861 7,407 6,500 12%▲ 35%▼ 1,245 1,383 9% 10% 10% 10% 291 188 Total V-Mart Unlimited LimeRoad NMV* Apparel Non-Apparel General Merchandise *LimeRoad Commission Income is ₹ 6
Slide 7: Operational Parameters
Operational Parameters Footfall (Millions) Conversion Rate (%) 20 18 47% 48% 14%▲ Q1FY25 Q1FY26 Q1FY25 Q1FY26 Average Transaction Size (₹) Average Selling Price (ASP) (₹) Q1FY25 Q1FY26 3%▼ 6%▼ 6%▼ 1%▲ 2%▲ 1,816 1%▼ 1,716 0%▼ 3%▼ 3%▼ 1,036 1,004 961 932 218 201 396 326 309 434 Total V-Mart Unlimited
Slide 8: Operational Parameters
Operational Parameters Store Count (Nos) Tier Wise Sales per square feet (Per Month) (₹) 14%▲ Q1 FY25 Q1 FY26 Q1FY25 Q1FY26 510 448 1%▲ 2%▼ 4%▲ 1%▲ 4%▲ 17%▲ 761 711 716 745 710 703 711 682 643 666 277 8%▲ 237 11%▲ 15%▲ 104 112 53 59 54 62 Total Tier 1 Tier 2 Tier 3 Tier 4 Total Tier 1 Tier 2 Tier 3
Slide 9: Operational Parameters
Operational Parameters Same Store Sales Growth (SSSG) (%) Same Store Volume Growth (SSSV) (%) Q1FY25 Q1FY26 Q1FY25 Q1FY26 12% 15% 11% 11% 8% 10% 5% 1% 1% 1% 1% 1% Total V-Mart Unlimited Total V-Mart Unlimited Inventory (Days of Sales) Provision for aged Inventory including shrinkage * Q1 FY25 Q1 FY2
Slide 10: Operating Expenses
Operating Expenses Manpower (₹ Millions) Power & fuel (₹ Millions) Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 14%▲ 13%▲ 15%▲ 370 950 18%▲ 326 302 841 263 759 643 8%▲ 14%▲ 40%▼ 62 67 131 150 67 40 0 0 Total V-Mart Unlimited LimeRoad Total V-Mart Unlimited LimeRoad Advertisement (₹ Millions , % to Total Revenue)
Slide 11: LimeRoad creative imagery
} By Vaishali #DesiTribe! Oma A conve.sation with the designer on him approach to design, his definition rf ‘timeless’ and more
Slide 12: LimeRoad: Loss reduced by 56% YoY, NMV reduced by 34%
LimeRoad: Loss reduced by 56% YoY, NMV reduced by 34% NMV and EBITDA (₹ Millions) YOY NMV growth 34%▼ 480 YOY EBITDA Loss reduction 56%▼ 140 430 380 103 120 330 281 294 234 100 280 80 230 286 46 73 60 65 180 68 40 130 188 20 80 30 0 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 NMV EBITDA Loss Marketing Cost a
Slide 13: Q1 FY26 Financial Statements
Q1 FY26 Statement of Profit & Loss Key Business Segments 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 YOY YOY Particulars Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 % Change % Change (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue from operations 8,852 7,861 13% 8,852 7,861 13% COGS 5,729 5,094 5,729 5,094 Gross Profit 3,124 2,767 13%
Slide 15: Ind-AS 116: P&L Impact
Ind-AS 116 : P&L Impact ₹ Millions Q1 FY 25-26 Q1 FY 24-25 Pre-Ind Increased/ Post-Ind Pre-Ind Increased/ Post-Ind Particulars AS 116 (Decreased) AS 116 AS 116 (Decreased) AS 116 (A) (B) C=(A+B) (D) (E) F=(D+E) Other Expenses (Rent Reversal) 1562 (649) 912 1489 (552) 937 EBITDA 612 649 1262 438 552
Slide 16: Balance sheet
Balance sheet ₹ Millions As At As At Particulars June 30, 2025 March 31, 2025 Particulars June 30, 2025 March 31, 2025 (Unaudited) (Audited) (Unaudited) (Audited) EQUITY AND LIABILITIES ASSETS Equity Property, plant and equipment 5,296 5,274 Equity Share Capital 794 198 Capital work in progress 27 4
Slide 17: Cash Flow Statement
Cash Flow Statement ₹ Millions For the period ended For the period ended Cash Flow Statement for the period June 30, 2025 June 30, 2024 Free Cash Flow for the period June 30, 2025 June 30, 2024 (Unaudited) (Unaudited) Net cash flow from operating 2,124 1,293 (A) Cash flows from operating activities
Slide 18: Store Geographical Spread; Other Significant Updates
Q1 FY26 Store Geographical Spread Other Significant Updates 17
Slide 19: Cluster Based Expansion - New Stores Additions (Q1 FY26)
Cluster Based Expansion - New Stores Additions (Q1 FY26) Total 15 TAMIL NADU 3 UTTAR PRADESH 3 2 BIHAR 2 UTTARAKHAND 2 3 2 ORISSA 1 MAHARASHTRA 1 1 1 JHARKHAND 1 1 TELANGANA 1 1 GUJARAT 1 1 Total 15 Tier 1 2 Tier 2 3 3 Tier 3 10 Tier 4 0 18
Slide 20: Total Stores as on 30th June 2025
Total Stores as on 30th June 2025 STATE Q1 FY26 Q1FY25 UTTAR PRADESH 158 140 9 BIHAR 72 61 TAMIL NADU 33 28 1 RAJASTHAN 29 28 4 JHARKHAND 29 26 17 4 WEST BENGAL 20 19 2 KARNATAKA 17 15 MADHYA PRADESH 16 18 29 5 158 15 UTTARAKHAND 17 14 72 1 TELANGANA 17 15 1 2 ASSAM 15 13 16 29 20 ANDHRA PRADESH 11
Slide 21: New Stores Opened
New Stores Opened Varanasi, Uttar Pradesh Surat, Gujarat Jhansi, Uttar Pradesh Ichalkaranji, Tamil Nadu 20
Slide 22: Awards & Recognition
Images Most Admired Retailer of the Year Influencer Marketi stive Marketing Campaign Visual Merchandising (#FestiveFashionVibes) Best Use of Personalization to Elevate the Customer Journey (Retail) Hesedy QUANTIC a ae goctart Ril Litt d “aes 3 = \
Slide 23: Thank you
Thank you www.vmart.co.in / www.limeroad.com For further information, please contact: Suraj Rathor : suraj.rathor@vmartretail.com ir_vmart@vmartretail.com 22