V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q4 FY2025 Earnings Presentation
29 slides from V-mart Retail's earnings presentation, May 2, 2025
Slide 1: Cover letter to stock exchanges
Ref. No. CS/S/L-864/2025-26 2nd May, 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 Cod
Slide 2: V-Mart Retail Limited Investor Presentation Q4FY25
V-Mart Retail Limited Investor Presentation Q4FY25 www.vmartretail.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: Q4FY25 Key Performance Highlights
Q4FY25 Key Performance Highlights Financial Parameters Operational Parameters
Slide 5: Key Highlights: Q4FY25 vs. Q4FY24
Key Highlights: Q4FY25 vs.Q4FY24 ▪ Revenue Growth : 17% YoY (18% excluding LimeRoad) ▪ Memo Growth 19% YoY ▪ Same Store Sales Growth : 8% (V-Mart: 7%, Unlimited: 10%) ▪ Revenue Channel Mix • V-Mart : 84% (Sale growth +19% YOY) • Unlimited : 15% (Sale growth +11% YOY) • LimeRoad : 1% (commission reve
Slide 6: Financial Parameters
Financial Parameters Revenue from operations (₹ Millions) Revenue Mix (%) Q4FY24 Q4FY25 17%▲ Q4FY24 Q4FY25 19%▲ 79% 78% 7,800 6,686 6,556 5,486 11%▲ 35%▼ 1,047 1,164 11% 11% 11% 362 234 10% Total V-Mart Unlimited LimeRoad NMV* Apparel Non-Apparel FMCG *LimeRoad Commission Income is ₹ 105 Mn (Q4 FY24
Slide 7: Operational Parameters
Operational Parameters Same Store Sales Growth (SSSG) (%) Same Store Volume Growth (SSVG) (%) Q4FY24 Q4FY25 Q4FY24 Q4FY25 26% 13% 10% 8% 7% 6% 5% 11% 8% 8% 5% 4% Total V-Mart Unlimited Total V-Mart Unlimited Footfall (Millions) and Conversion Rate (%) Average Selling Price (ASP) (₹) 1%▼ 2%▼ 18 2%▼ 3
Slide 8: FY2024-25 Key Performance Highlights
FY2024-25 Key Performance Highlights Financial Parameters Operational Parameters
Slide 9: Key Highlights: FY25 vs. FY24
Key Highlights: FY25 vs. FY24 ▪ Revenue Growth : 17% YOY ▪ Memo Growth 21% YoY ▪ Same Store Sales Growth : 11% ▪ Revenue Channel Mix • V-Mart : 83% (Sale growth +21% YOY) • Unlimited : 16% (Sale growth +7% YOY) • LimeRoad : 1% (commission revenue) ▪ Total Stores : 497 (V-Mart : 412 / Unlimited : 85)
Slide 10: Financial Parameters
Financial Parameters Revenue from operations (₹ Millions) Revenue Mix (%) 17%▲ FY24 FY25 21%▲ FY24 FY25 32,539 27,856 27,063 80% 79% 22,419 7%▲ 37%▼ 4,722 5,071 1,748 1,096 9% 10% 11% 11% Total V-Mart Unlimited LimeRoad NMV* *LimeRoad Commission Income is ₹ 506 Mn (FY24 ₹ 773Mn) Apparel Non-Apparel
Slide 11: Operational Parameters
Operational Parameters Footfall (Millions) Conversion Rate (%) 49% 73 44% 55 33%▲ FY24 FY25 FY24 FY25 Average Transaction Size (₹) Average Selling Price (ASP) (₹) 3%▼ FY24 FY25 4%▼ 9%▼ 1%▼ 1%▼ 2%▼ 1,911 1%▲ 0%▼ 1,746 232 215 424 354 337 454 1,065 1,045 980 977 Total V-Mart Unlimited Total V-Mart Unl
Slide 12: Operational Parameters
Operational Parameters Store Count (Nos) Tier Wise Sales per square feet (Per Month) (₹) FY24 FY25 12%▲ FY24 FY25 12%▲ 497 11%▲ 8%▲ 10%▲ 444 15%▲ 776 15%▲ 710 694 690 691 641 641 630 643 559 269 6%▲ 233 6%▲ 15%▲ 104 110 53 56 54 62 Tier 2 Total Tier 1 Tier 2 Tier 3 Tier 4 Total Tier 1 Tier 2 Tier 3
Slide 13: Operational Parameters
Operational Parameters Same Store Sales Growth (SSSG) (%) Same Store Volume Growth (SSSV) (%) FY24 FY25 FY24 FY25 14% 14% 11% 12% 9% 9% 9% 6% 5% 1% 1% 0% Total V-Mart Unlimited Total V-Mart Unlimited Inventory (Days of Sales) Provision for aged Inventory including shrinkage FY24 FY25 9%▼ 11%▼ 1.5% 1
Slide 14: Operating Expenses
Operating Expenses Manpower (₹ Millions) Power & fuel (₹ Millions) 27%▲ 8%▲ FY24 FY25 34%▲ FY24 FY25 13%▲ 3,634 * 2,870 2,874 1,074 1,164 2,143 818 927 7%▲ 1%▼ 8%▼ 0%▲ 504 539 255 236 223 221 1 1 Total V-Mart Unlimited LimeRoad Total V-Mart Unlimited LimeRoad *Includes ESOP expense of Rs. 161 Mn (FY
Slide 15: LimeRoad
LimeRoad JOIN SELESTA: THE DRESS CLUB!
Slide 16: Limeroad: NMV reduced by 37%, Loss reduced by 44% YoY
Limeroad: NMV reduced by 37%, Loss reduced by 44% YoY NMV and EBITDA (₹ Millions) YOY NMV growth 35% 121 480 YOY EBITDA Loss reduction 44% 140 103 430 120 380 330 281 294 234 362 100 280 80 286 230 73 60 65 68 180 40 130 20 80 30 0 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 NMV EBITDA Loss Marketing Cost an
Slide 17: Q4 FY25
Q4 FY25 Statement of Profit & Loss Key Business Segments Balance Sheet Cash flow Statement 16
Slide 18: Statement of Profit & Loss
Statement of Profit & Loss Post Ind AS 116 Pre Ind AS 116 ₹ Millions FY25 FY24 YOY FY25 FY24 YOY Particulars (Audited) (Audited) % Change (Audited) (Audited) % Change Revenue from operations 32,539 27,856 17% 32,539 27,856 17% COGS 21,297 18,251 21,297 18,251 Gross Profit 11,241 9,605 17% 11,241 9,6
Slide 19: Ind-AS 116: P&L Impact
Ind-AS 116 : P&L Impact ₹ Millions FY 24-25 Q4 FY 24-25 Pre-Ind IND AS 116 Post-Ind Pre-Ind IND AS 116 Post-Ind Particulars Particulars AS 116 Impact AS 116 AS 116 Impact AS 116 Rent 2,446 -2,347 99 Rent 654 -619 34 EBITDA 1,424 2,347 3,771 EBITDA 62 619 681 Finance costs 240 1,125 1,365 Finance cos
Slide 20: Balance sheet
Balance sheet ₹ Millions As At As At Particulars Particulars March 31, 2025 March 31, 2024 March 31, 2025 March 31, 2024 (Audited) (Audited) (Audited) (Audited) EQUITY AND LIABILITIES ASSETS Equity Property, plant and equipment 5,274 4,898 Equity Share Capital 198 198 Capital work in progress 43 38
Slide 21: Cash Flow Statement
Cash Flow Statement ₹ Millions For the year ended For the year ended Cash Flow Statement for the period March 31, 2025 March 31, 2024 Free Cash Flow for the period March 31, 2025 March 31, 2024 (Audited) (Audited) (A) Cash flows from operating activities Net cash flow from operating 3,494 3,859 Prof
Slide 22: Q4 FY25 Store Geographical Spread, Other Significant Updates
Q4 FY25 Store Geographical Spread Other Significant Updates 21
Slide 23: Cluster Based Expansion - New Stores Additions (Q4 FY25)
Cluster Based Expansion - New Stores Additions (Q4 FY25) Total 13 1 JAMMU AND KASHMIR 1 ASSAM 1 BIHAR 2 1 JHARKHAND 2 4 UTTAR PRADESH 4 1 2 WEST BENGAL 1 2 1 TAMIL NADU 1 ARUNACHAL PRADESH 1 Total 13 Tier 1 1 Tier 2 1 Tier 3 6 1 Tier 4 5 Powered by Bing © GeoNames, Microsoft, TomTom 22
Slide 24: Total Stores as on March 31, 2025
Total Stores as on March 31, 2025 STATE FY25 FY24 UTTAR PRADESH 155 139 BIHAR 70 59 9 TAMIL NADU 30 28 RAJASTHAN 29 28 1 JHARKHAND 28 26 4 WEST BENGAL 21 19 15 4 KARNATAKA 17 17 5 2 MADHYA PRADESH 16 18 UTTARAKHAND 15 14 29 155 15 1 TELANGANA 16 15 70 ASSAM 15 13 2 ANDHRA PRADESH 12 9 16 28 21 GUJAR
Slide 25: New Stores Opened
New Stores Opened Vadodara, Gujarat Erode, Tamil Nadu Golaghat, Assam Nwada, Bihar 24
Slide 26: Awards & Recognition
Awards & Recognition Governance ICSI Award for Excellence in Corporate Governance 2024 LACP Vision Awards 2024 – Annual Report 2024 Institute of Company Secretaries of India (ICSI) League of American Communications Professionals Recognition: Recognition: • Worldwide Platinum Winner This prestigious
Slide 27: ESG
ESG Environmental Social • Planted 13,950 plants at Palwal to enhance green cover • Employee base grew 11.4% to 12,185 and support environmental sustainability • Gender Diversity increased to 26% • 0.5 MW Solar Power Plant at Warehouse operating • Differently-abled increased to 2.1% successfully • C
Slide 28: ESG
ESG Explore our comprehensive ESG profile and learn Current ESG Ratings about V-Mart’s commitment to sustainability and ethical practices by visiting our ESG World ESG Ratings Source Ratings Last Score Category page on our website: Updated Click Here to visit our ESG World Page Weak: 0-40 Below aver
Slide 29: Thank you
Thank you www.vmart.co.in www.limeroad.com For further information, please contact: IR: Suraj Rathor suraj.rathor@vmartretail.com CFO: Anand Agarwal anand.agarwal@vmart.co.in in 28