V-mart Retail Ltd · NSE:VMART
V-mart Retail — Q3 FY2025 Earnings Presentation
28 slides from V-mart Retail's earnings presentation, Feb 4, 2025
Slide 1: Presentation to Analysts/Investors cover letter
Ref. No. CS/S/L-842/2024-25 4th February, 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 Scri
Slide 2: V-Mart Retail Limited Investor Presentation Q3FY25
V-Mart Retail Limited Investor Presentation Q3FY25 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: Q3FY25 Key Performance Highlights
Q3FY25 Key Performance Highlights Financial Parameters Operational Parameters
Slide 5: Key Highlights: Q3FY25 vs. Q3FY24
Key Highlights: Q3FY25 vs. Q3FY24 ▪ Revenue Growth : 15% YoY (17% excluding LimeRoad) ▪ Memo Growth 23% YoY ▪ Same Store Sales Growth : 10% (V-Mart: 10%, Unlimited: 11%) ▪ Revenue Channel Mix • V-Mart : 84% (Sale growth +19% YOY) • Unlimited : 15% (Sale growth +6% YOY) • LimeRoad : 1% (commission re
Slide 6: Financial Parameters
Financial Parameters Revenue from operations (₹ Millions) Revenue Mix (%) Q3FY24 Q3FY25 Q3FY24 Q3FY25 15%▲ 19%▲ 80% 80% 10,267 8,891 8,634 7,281 6%▲ 28%▼ 1,439 1,528 408 294 10% 10% 10% 10% Total V-Mart Unlimited* LimeRoad NMV Apparel Non-Apparel FMCG *Lower growth of Unlimited is on account of 12 s
Slide 7: Operational Parameters
Operational Parameters Same Store Sales Growth (SSSG) (%) Same Store Volume Growth (SSVG) (%) Q3FY24 Q3FY25 Q3FY24 Q3FY25 16% 10% 10% 11% 11% 4% 5% 10% 10% 1% 8% 8% Total V-Mart Unlimited Total V-Mart Unlimited Footfall (Millions) and Conversion Rate (%) Average Selling Price (ASP) (₹) 5%▼ 5%▼ 22 1%
Slide 8: Apr – Dec FY25
Apr – Dec FY25 Key Performance Highlights Financial Parameters Operational Parameters
Slide 9: Key Highlights: YTDFY25 vs. YTDFY24
Key Highlights: YTDFY25 vs. YTDFY24 ▪ Revenue Growth : 17% YoY (18% excluding LimeRoad) ▪ Memo Growth 21% YoY ▪ Same Store Sales Growth : 12% (V-Mart: 12%, Unlimited: 10%) ▪ Revenue Channel Mix • V-Mart : 83% (Sale growth +21% YOY) • Unlimited : 16% (Sale growth +6% YOY) • LimeRoad : 1% (commission
Slide 10: Financial Parameters
Financial Parameters Revenue from operations (₹ Millions) Revenue Mix (%) 17%▲ YTDFY24 YTDFY25 YTDFY24 YTDFY25 21%▲ 24,738 79% 79% 21,170 20,506 16,934 6%▲ 38%▼ 3,673 3,907 1,388 861 10% 10% 11% 11% Total V-Mart Unlimited* LimeRoad NMV Apparel Non-Apparel FMCG *Lower growth of Unlimited is on accoun
Slide 11: Operational Parameters
Operational Parameters Footfall Conversion Rate (%) 51% 56 44% 39 42%▲ YTDFY24 YTDFY25 YTDFY24 YTDFY25 Average Transaction Size (₹) Average Selling Price (ASP) (₹) YTDFY24 YTDFY25 11%▼ 4%▼ 4%▼ 2%▼ 2,014 1%▼ 0%▲ 0%▲ 1,797 1%▲ 2%▲ 1,080 1,058 234 216 431 357 339 461 980 981 Total V-Mart Unlimited Tota
Slide 12: Operational Parameters
Operational Parameters Store Count (Nos) Tier Wise Sales per square feet (Per Month) (₹) 7%▲ YTDFY24 YTDFY25 YTDFY24 YTDFY25 488 13%▲ 16%▲ 454 9%▲ 11%▲ 19%▲ 12%▲ 798 729 687 709 709 643 652 638 649 263 545 2%▲ 234 0%▲ 5%▲ 108 110 55 55 57 60 Tier 2 Total Tier 1 Tier 2 Tier 3 Tier 4 Total Tier 1 Tier
Slide 13: Operational Parameters
Operational Parameters Same Store Sales Growth (SSSG) (%) Same Store Volume Growth (SSSV) (%) YTDFY24 YTDFY25 YTDFY24 YTDFY25 12% 12% 15% 10% 10% 9% 9% 1% 6% 6% 0% -5% Total V-Mart Unlimited Total V-Mart Unlimited Inventory (Days of Sales) Provision for aged Inventory including shrinkage YTDFY24 YTD
Slide 14: Operating Expenses
Operating Expenses Manpower (₹ Millions) Power & fuel (₹ Millions) 21%▲ 7%▲ YTDFY24 YTDFY25 28%▲ YTDFY24 YTDFY25 12%▲ 2,659 866 929 2,201 2,080 748 669 1,630 8%▼ 7%▲ 9%▼ 196 180 375 401 196 179 1 1 Total V-Mart Unlimited LimeRoad Total V-Mart Unlimited LimeRoad Advertisement (₹ Millions , % to Total
Slide 15: If it's TRENDING find it on LimeRoad
If it's TRENDING find it on LimeRoad LimeRoad FASHION THAT INSPIRES
Slide 16: Limeroad: NMV reduced by 28%, Loss reduced by 54% YoY
Limeroad: NMV reduced by 28%, Loss reduced by 54% YoY NMV and EBITDA (₹ Millions) YOY NMV 28% 141 YOY EBITDA Loss 54% 155 450 121 135 400 115 103 281 294 350 300 408 95 250 362 75 200 65 286 73 55 150 35 100 15 50 0 -5 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 NMV EBITDA Loss Marketing Cost and V-Mart’s Sa
Slide 17: Q3 FY25 Financial Statements
Q3 FY25 Statement of Profit & Loss Key Business Segments Balance Sheet Cash flow Statement 16
Slide 18: 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 24,738 21,170 17% 24,738 21,170 17% COGS 16,078 13,684 16,078 13,684 Gross Profit 8,6
Slide 19: Ind-AS 116: P&L Impact
Ind-AS 116 : P&L Impact ₹ Millions YTD FY25 YTD FY24 Increased / Increased / Pre Ind-AS 116 Post Ind-AS 116 Pre Ind-AS 116 Post Ind-AS 116 Particulars (impact on PBT) (decreased) (decreased) (A) (B) C = (A+B) (C) (D) E = (C+D) Other Expense (Rent impact) 4,639 -1728 2,911 5074 -1,517 3557 EBITDA 1,3
Slide 20: Balance sheet
Balance sheet ₹ Millions As at As at As at As at Particulars December 31, 2024 March 31, 2024 Particulars December 31, 2024 March 31, 2024 (Unaudited) (Audited) (Unaudited) (Audited) EQUITY AND LIABILITIES ASSETS Equity Property, plant and equipment 5,237 4,898 Equity Share Capital 198 198 Capital w
Slide 21: Cash Flow Statement
Cash Flow Statement ₹ Millions For the period ending For the period ending Cash Flow Statement for the period December 31, 2024 December 31, 2023 Free Cash Flow for the period December 31, 2024 December 31, 2023 (Unaudited) (Unaudited) (A) Cash flows from operating activities Profit before Income Ta
Slide 22: Q3 FY25 Store Geographical Spread and Other Updates
Q3 FY25 Store Geographical Spread Other Significant Updates 21
Slide 23: Cluster Based Expansion - New Stores Additions (Q3 FY25)
Cluster Based Expansion - New Stores Additions (Q3 FY25) Total 21 Uttar Pradesh 8 Bihar 6 Manipur 2 Assam 1 Karnataka 1 Orissa 1 Tamil nadu 1 Tripura 1 Closed 0 stores & opened 21 stores in Q3 Total 21 Tier 1 3 Tier 2 - Tier 3 15 Tier 4 3 22
Slide 24: Total Stores as on December 31, 2024
Total Stores as on December 31, 2024 STATE FY25 FY24 UTTAR PRADESH 151 140 BIHAR 68 59 TAMIL NADU 30 30 8 RAJASTHAN 28 27 1 JHARKHAND 26 26 5 WEST BENGAL 22 19 16 KARNATAKA 18 19 4 5 1 MADHYA PRADESH 16 20 UTTARAKHAND 16 14 28 151 1 15 TELANGANA 15 17 68 ASSAM 15 14 2 ANDHRA PRADESH 12 12 16 26 22 G
Slide 25: New Stores Opened in Q3
New Stores Opened in Q3 PATRAKARPURAM, LAUCKNOW NAGARJALA, AGARTALA NAMAKKAL, TAMIL NADU GAJUWAKA, ANDHRA PRADESH UDAIPUR, TRIPURA GAYA, BIHAR 24
Slide 26: Awards and Recognitions
Awards and Recognitions Golden Peacock Award” for ICSI National Awards for excellence in Corporate Excellence in Corporate Governance by Institute of Governance, 2022 by ICSI Directors, 2022 Won ICSI National Award for Corporate Other Corporate Governance Awards won by Governance the company in the
Slide 27: ESG
ESG Current ESG Ratings Explore our comprehensive ESG profile and ESG Ratings Source Ratings Last Score Category learn about V-Mart’s commitment to Updated sustainability and ethical practices by visiting our ESG World page on our Weak: 0-40 website: Below average: 41-50 61 Click here Mar’22 Adequat
Slide 28: 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 27