V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q2 FY2023 Earnings Presentation
24 slides from V-mart Retail's earnings presentation, Nov 12, 2022
Slide 1: Filing cover letter to stock exchanges
Ref. No. CS/S/L-619/2022-23 12th November, 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 Scr
Slide 2: V-Mart Retail Ltd. Financial Results & Analysis Q2 FY'23
www.vmartretail.com V-Mart Retail Ltd. Financial Results & Analysis Q2 FY’23
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: Q2 FY'23 Key Performance Highlights
Q2 FY’23 Key Performance Highlights Financial Parameters Operational Parameters 3
Slide 5: Key Highlights: Q2 FY23 vs. Q2 FY22 Results
Key Highlights: Q2 FY23 vs. Q2 FY22 Results 50% -113 Revenue Growth Net Profit/(Loss) v/s Q1 FY22 ₹ Millions 79% 21% 88% 12% Revenue Contribution Revenue Contribution V-Mart Unlimited Fashion Kirana 326 79 405 Store Count (Nos) Number of Stores V-Mart Unlimited Opened: 16 Closed: 2 4 Q2 FY23
Slide 6: Financial Parameters
Financial Parameters Revenue (₹ Millions) Revenue Mix (%) 5,062 77.4% 79.4% 50% 3,380 Q2 FY23 10.3% 11.2% 12.3% 9.4% Q2 FY22 Q2 FY23 Q2 FY22 Apparel Non App Kirana EBITDA (₹ Millions) PAT (₹ Millions) 536 160% 206 -113 -141 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 5 Q2 FY23
Slide 7: Operational Parameters
Operational Parameters Footfall (Lakhs) Conversion Rate (%) 95 42% -3% 64.6% 66 61.8% Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Same Store Sales Growth (%)** Average Selling Price (Rs) 27% 65% 384 13% 302 223 Apparel 197 Total 10% Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 **same store growth is for stores opened till F
Slide 8: Apr - Sep FY23 Key Performance Highlights
Apr - Sep FY23 Key Performance Highlights Financial Parameters Operational Parameters 7
Slide 9: Key Highlights: April – Sep FY23 vs. FY22 Results
Key Highlights: April – Sep FY23 vs. FY22 Results 112% 91 Revenue Growth Net Profit/(Loss) v/s YTD FY22 ₹ Millions 80% 20% 89% 11% Revenue Contribution Revenue Contribution V-Mart Unlimited Fashion Kirana 326 79 405 Store Count (Nos) # Stores V-Mart Unlimited Opened: 27 Closed: 2 8 YTD FY23
Slide 10: Financial Parameters
Financial Parameters Revenue (₹ Millions) Revenue Mix (%) 10,940 79.2% 79.6% 112% 5,154 YTD FY23 10.1% 11.0% 10.7% 9.4% YTD FY22 YTD FY23 YTD FY22 Apparel Non App Kirana EBITDA (₹ Millions) PAT (₹ Millions) 1,423 661% 91 187 -429 YTD FY23 YTD FY22 YTD FY23 YTD FY22 9 YTD FY23
Slide 11: Operational Parameters
Operational Parameters Footfall (Lakhs) Conversion Rate (%) 197 101% -5% 67% 98 62% YTD FY23 YTD FY22 YTD FY23 YTD FY22 Transaction size (Rs.) Average Selling Price (Rs) 26% 16% 961 14% 376 299 228 Apparel 841 196 Total YTD FY23 YTD FY22 YTD FY23 YTD FY22 10 YTD FY23
Slide 12: Operational Parameters
Operational Parameters Sales per sq feet (per month)* Store Count (Nos) 571 30% 179 440 157 110 100 63 55 YTD FY23 53 56 YTD FY22 Tier 1 Tier 2 Tier 3 Tier 4 Tier 1 Tier 2 Tier 3 Tier 4 YTD FY23 YTD FY22 Tier 1 Tier 2 Tier 3 Tier 4 *basis operational days Same Store Sales Growth (%)** Same Store Vol
Slide 13: Operational Parameters
Operational Parameters Expenses (% of Revenue) Retail Space (Lakhs Sq feet) 36 14.6% 10.2% YTD FY23 6.3% 5.3% 32 4.6% 5.0% YTD FY22 2.7% 2.3% Manpower Power Advertisement Others YTD FY23 YTD FY22 Inventory (Days of Sales) Shrinkage (% of Revenue) 176 187 168 133 142 134 Total 2.3% 92 64 Apparel Non
Slide 14: Financial Review – Profit & Loss Statement
Financial Review – Profit & Loss Statement INR millions (except per share data) For the period ended Particulars 30.09.2022 30.09.2021 (Unaudited) (Unaudited) I Revenue from operations 10,940 5,154 II Other income 67 86 III Total Income (I + II) 11,008 5,240 IV Total expenses 10,886 5,819 V (Loss)/p
Slide 15: Ind-AS 116: P&L Impact (Q2 FY23)
Ind-AS 116 : P&L Impact (Q2 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 973 137 (836) Finance cost 8 526 518 Depreciation & Amortization 255 843 588 PBT decreased by 270 “Changes due to Ind-AS 116 (increase) / decrease
Slide 16: Financial Review - Balance Sheet
Financial Review - Balance Sheet INR Millions As At As At September 30, September 30, Particulars March 31, 2022 Particulars March 31, 2022 2022 2022 (Unaudited) (Audited) (Unaudited) (Audited) EQUITY AND LIABILITIES ASSETS Equity Property, plant and equipment 2,980 2,795 Equity Share Capital 198 19
Slide 17: Financial Review - CFS
Financial Review - CFS INR Millions For the period ending September 30, September 30, Cash Flow Statement for the period 2022 2021 (Unaudited) (Unaudited) (A) Cash flows from operating activities Profit before Income Tax 122 (580) Adjustments to reconcile profit before tax to net cash flows 1,316 71
Slide 18: Store Geographical Spread, Recent Campaigns, Our Journey to Omnipresence
Apr - Sep FY23 Store Geographical Spread Recent Campaigns Our Journey to “Omnipresence” Other Significant Updates 17
Slide 19: New Stores Addition (Q2 FY23)
New Stores Addition (Q2 FY23) STATE Store Count +1 ANDHRA PRADESH 1 ASSAM 3 +2 +2 BIHAR 3 +1 MADHYA PRADESH 1 +1 +1 ORISSA 1 TAMIL NADU 1 UTTAR PRADESH 3 UTTARAKHAND 2 +1 WEST BENGAL 1 +1 +2 18 Q2 FY23
Slide 20: Total Stores as on September 30, 2022
Total Stores as on September 30, 2022 STATE CY LY ANDHRA PRADESH 11 9 ARUNACHAL PRADESH 1 1 ASSAM 12 9 BIHAR 59 54 GOA 1 1 GUJARAT 7 7 HARYANA 4 1 5 HIMACHAL PRADESH 1 2 JAMMU AND KASHMIR 8 8 JHARKHAND 23 22 KARNATAKA 20 21 KERALA 1 1 MADHYA PRADESH 16 15 MAHARASHTRA 5 5 MEGHALAYA 1 1 NEW DELHI 5 4
Slide 21: Celebrating Festivals with Fashion & Happiness – Key Campaigns
Celebrating Festivals with Fashion & Happiness – Key Campaigns Ganesh Chaturthi Fashion & Celebration Pujo Leaflets Celebrations 20
Slide 22: Store Facade
Store Facade 21
Slide 23: Our Journey to Omnipresence – Digital Business Campaigns
Our Journey to “Omnipresence” – Digital Business Campaigns Myntra Limeroad Amazon Flipkart V-Mart App V-Mart on Marketplace www.vmartretail.com 22
Slide 24: Thank you!
www.vmartretail.com Thank you! In case of any queries, please contact the IR Team: ir_vmart@vmartretail.com