V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q1 FY23 Earnings Presentation
20 slides from V-mart Retail's earnings presentation, Aug 5, 2022
Slide 1: Cover letter to stock exchanges
Ref. No. CS/S/L-588/2022-23 5th August, 2022 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 Ltd. Financial Results & Analysis Q1 FY23
www.vmartretail.com V-Mart Retail Ltd. Financial Results & Analysis Q1 FY23
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: Q1 FY23 Key Performance Highlights
Q1 FY23 Key Performance Highlights Financial Parameters Operational Parameters 3
Slide 5: Key Highlights: Q1 FY23 vs. Q1 FY22 Results
Key Highlights: Q1 FY23 vs. Q1 FY22 Results 231% 205 Revenue Growth Net Profit/(Loss) v/s Q1 FY22 ₹ Millions 80% 20% 91% 9% Revenue Contribution Revenue Contribution V-Mart Unlimited Fashion Kirana 314 77 391 Store Count (Nos) Number of Stores V-Mart Unlimited Opened: 11 Closed: 0 4 Q1 FY23
Slide 6: Financial Parameters
Financial Parameters Revenue (Millions) Revenue Mix (%) 231% 80.7% 80.0% 5,879 Q1 FY23 1,774 Q1 FY22 9.9% 10.7% 9.4% 9.3% Q1 FY23 Q1 FY22 Apparel Non App Kirana EBITDA (Millions) PAT (Millions) 887 205 -20 -287 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 5 Q1 FY23
Slide 7: Operational Parameters
Operational Parameters Footfall (Lakhs) Conversion Rate (%) 102 224% -9% 70.7% 62.2% 31 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Transaction size (Rs.) Average Selling Price (Rs) 17% 370 994 295 233 25% 193 Apparel 848 20% Total Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 6 Q1 FY23
Slide 8: Operational Parameters
Operational Parameters Sales per sq feet (per month)* Store Count (Nos) 626 17% 172 143 Tier 1 105 533 Tier 2 54 60 65 38 36 Tier 3 Tier 4 Tier 1 Tier 2 Tier 3 Tier 4 Tier 1 Tier 2 Tier 3 Tier 4 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 *basis operational days Same Store Sales Growth (%)** Same Store Volume G
Slide 9: Operational Parameters
Operational Parameters Expenses (% of Revenue) Retail Space (Lackhs Sq feet) 18.8% 34 47% 23 9.4% Q1 FY23 5.9% 6.5% 4.4% 5.3% Q1 FY22 2.5% 1.5% Manpower Power Advertisement Others Q1 FY23 Q1 FY22 Inventory (Days of Sales) Shrinkage (% of Revenue) 104 110 110 100 103 4.90% 90 88 Total 53 Apparel Non
Slide 10: Financial Review – Profit & Loss Statement
Financial Review – Profit & Loss Statement INR millions (except per share data) For the period ended Particulars 30.06.2022 30.06.2021 (Unaudited) (Unaudited) I Revenue from operations 5,879 1,774 II Other income 41 45 III Total Income (I + II) 5,920 1,819 IV Total expenses 5,641 2,204 V (Loss)/prof
Slide 11: Ind-AS 116: P&L Impact (Q1 FY23)
Ind-AS 116 : P&L Impact (Q1 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 475 77 (398) Finance cost 1 247 246 Depreciation & Amortization 126 402 276 PBT decreased by 124 “Changes due to Ind-AS 116 (increase) / decrease
Slide 12: Financial Review - Balance Sheet
Financial Review - Balance Sheet INR Millions As At As At Particulars June 30, 2022 March 31, 2022 Particulars June 30, 2022 March 31, 2022 (Unaudited) (Audited) (Unaudited) (Audited) EQUITY AND LIABILITIES ASSETS Equity Property, plant and equipment 2,831 2,795 Equity share capital 198 197 Capital
Slide 13: Financial Review - CFS
Financial Review - CFS INR Millions For the period ending Cash Flow Statement for the period June 30, 2022 March 31, 2022 (Unaudited) (Audited) (A) Cash flows from operating activities Profit before Income Tax 278 104 Adjustments to reconcile profit before tax to net cash flows: 647 1,887 Operating
Slide 14: YTD FY23 Store Geographical Spread, Recent Campaigns
YTD FY23 Store Geographical Spread Recent Campaigns Our Journey to “Omnipresence” Other Significant Updates 13
Slide 15: New Stores Addition (Q1 FY23)
New Stores Addition (Q1 FY23) +1 STATE Store Count TAMIL NADU 2 +2 +2 UTTAR PRADESH 2 +1 RAJASTHAN 2 +1 +1 MADHYA PRADESH 1 ANDHRA PRADESH 1 UTTARAKHAND 1 BIHAR 1 +1 TELANGANA 1 +1 Total 11 +2 14 Q1 FY23
Slide 16: Total Stores as on June 30, 2022
Total Stores as on June 30, 2022 STATE CY LY UTTAR PRADESH 124 111 BIHAR 56 51 JHARKHAND 24 22 TAMIL NADU 24 0 KARNATAKA 20 0 RAJASTHAN 19 16 WEST BENGAL 17 14 MADHYA PRADESH 15 15 TELANGANA 15 0 UTTRAKHAND 11 8 ANDHRA PRADESH 10 0 ASSAM 8 9 JAMMU AND KASHMIR 8 8 ORISSA 8 8 GUJARAT 7 6 NEW DELHI 6 3
Slide 17: Celebrating Festivals with Fashion & Happiness – Key Campaigns
Celebrating Festivals with Fashion & Happiness – Key Campaigns Jamai Sasthi Celebrations Eid Celebrations Q1’ FY 23 Mehngai par war, jordaar! Q1’ FY 23 16
Slide 18: Store Façade
a r | 7 Store Facade
Slide 19: Our Journey to Omnipresence – Digital Business
Our Journey to “Omnipresence” – Digital Business V-Mart App V-Mart on Marketplace www.vmartretail.com 18
Slide 20: Thank you!
www.vmartretail.com Thank you! In case of any queries, please contact the IR Team: ir_vmart@vmartretail.com