A 12.6% Y-o-Y (year-on-year) revenue growth was recorded by the Indian retail company, V-Mart Retail, in its first quarter of 2025, which is considered as robust growth. Amongst the major reasons cited for this growth included a steady demand in the retail store’s existing locations.
Backed by 1% SSSG (Same Store Sales Growth), the retail chain also showed a robust performance because of the new store launches. The 15 store openings came from regions including Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Gujarat, Telangana, Maharashtra, amongst others. With a total of 510 stores, the company was also strategic in closing down two of its stores, which were underperforming.
The numbers also reflected V-Mart’s strong presence in Tier-2 and Tier-3 cities and its broad operations, covering a large demographic.
While further growth is expected from the retail chain given its economical pricing, the revenues have jumped up to Rs. 885 crore (US $ 106.63 million) in Q1, from Rs. 786 crore (US $ 94.70 million) during the same period last year.
