About V-Mart Retail Limited

V-Mart Retail Limited is an organised value-fashion retailer founded in 2002, offering apparel, footwear, home furnishings, and general merchandise for families at competitive prices across Tier II–IV cities in India, positioned as a holistic lifestyle brand within contemporary retail formats. The Company operated 497 stores across 309 cities in 27 states as of March 31, 2025, with a strategic focus on underserved regions and youth-centric assortments including ethnic, fusion, western wear, footwear, children’s wear, tech wearables, and beauty categories. Financially, revenue from operations in FY 2024–25 was Rs 3,253.86 crore (unit header ₹ in lakh), EBITDA was Rs 377.11 crore, and profit after tax was Rs 45.77 crore, supported by improved operational efficiency and inventory visibility under Ind AS reporting. The Company reported net worth of Rs 810.18 crore (₹ in lakh unit), RoCE of 11.6%, and maintained a strong customer experience with a 4.8 Google rating and 97% complaint resolution within 24 hours in FY 2024–25.

V-Mart Retail Limited Business Segment

• The Company’s portfolio spans value fashion across apparel, footwear, accessories, home furnishings, and general merchandise, with expanded youth-oriented offerings such as Gen Z merchandise, electronic wearables, and beauty, aligned to under-25 customers who now represent 32% of the base in FY 2024–25.

• Omnichannel and technology initiatives integrated “Instagram to Planogram,” upgraded CRM, automated replenishment, and product lifecycle management to tighten inventory, reduce stockouts, and accelerate speed-to-market across a nationwide footprint of 497 stores as of March 31, 2025.

• Segmental revenue shares or domestic vs. international split were not disclosed; the Company stated it does not engage in exports or imports and does not undertake commodity/FX hedging, indicating a domestic operating focus in India during FY 2024–25.

V-Mart Retail Limited Key Management

• Lalit Agarwal — Managing Director.

• Madan Gopal Agarwal — Whole-time Director.

• Aakash Moondhra — Chairperson, Non-Executive, Non-Independent Director.

• Company Secretary & Compliance Officer: Megha Tandon.

• Senior Management: Vineet Jain (Chief Operating Officer); Anand Agarwal (Chief Financial Officer); Jayesh Kothari (President Merchandising); Jaideep Jaiman (Chief Digital Officer); Anjali Goel (Vice President Human Resource); Ramesh Agarwal (Vice President Supply Chain Management); Dinesh Srivastava (Vice President Information Technology); Snehal Shah (Sr. Vice President Projects & Business Development); Nitin Goel (Vice President Planning); Syed Ali Athar (Vice President CSR & Skill Development Initiative).

Latest Updates on V-Mart Retail Limited

• Opened 62 new stores in FY 2024–25, reaching 497 stores across 309 cities and 27 states as of March 31, 2025; expanded in Tier II–IV markets with youth-focused assortments and upgraded visual merchandising.

• Technology upgrades included Product Lifecycle Management, Automated Replenishment System across warehouses and stores, design-to-display digitisation, CRM enhancements, and digital dashboards for store openings and maintenance.

• Supply chain efficiency improved with an 18% reduction in warehouse/logistics cost per unit and a 2-day faster turnaround; warehouse throughput rose 30% with daily handling of 10 lakh inward and 7 lakh outward pieces; increased use of in-house fleet cut return and transfer costs.

• Sustainability progress featured a 700 kWp rooftop solar at the distribution centre, LED/HVAC efficiency, reuse of over 80% of cartons, RO wastewater recovery at 500 stores, and plantation of over 13,950 trees; water reuse via STP and rainwater harvesting continued.

• Recognitions included ICSI National Awards for Excellence in Corporate Governance 2024, Value Retailer of the Year 2024 (IReC), Best Fashion Retailer 2024 (Economic Times Rajasthan), Ambition Box Top Employer (Retail), and LACP Vision Awards 2023–24 (Platinum, Top 50 worldwide, Technical Achievement).

• Governance changes: Risk Management Committee composition revised to all Independent Directors; Warehouse Committee dissolved with effect from October 29, 2024; Board and committee changes included appointments of Shweta Kumar and Raghuvesh Sarup as Independent Directors w.e.f. May 14, 2024, and role transition of Aakash Moondhra to Non-Executive, Non-Independent Director from September 23, 2024.