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V2 Retail Reports Turnaround Q4 Consol PAT of Rs 3.59 Cr

Jun 3, 2024

By: BlinkX Research Team

V2 Retail on Thursday, May 30, reported a consolidated net profit of 3.59 crore rupees in the fourth quarter of FY24 against a net loss of 7.70 crore rupees in the corresponding quarter previous year.

Key Takeaways from V2 Retail’s Performance:

• Consolidated net profit stood at 3.59 crore rupees in Q4 FY24.
• Sales skyrocketed 51.86% on year to 296.98 crore rupees in the final quarter of FY24.
• EBITDA for the quarter stood at  31.4 crore rupees.

The company’s revenue from operations skyrocketed 51.86% on year to 296.98 crore rupees in the final quarter of FY24.

On a full-year basis, the company reported a consolidated net profit of 27.81 crore rupees as against a net loss of Rs 12.81 crore in Q4 FY24 over Q4 FY23. Income from operations stood at Rs 1,712.21 crore, steeply higher than Rs 845.55 crore posted in the corresponding period last year.

EBITDA for the quarter stood at  31.4 crore rupees steeply higher than the 14.2 crore rupees posted in Q4 FY23. EBITDA margin improved to 10.6% in Q4 FY24 as compared to 7.4% in Q4 FY23.

Ram Chandra Agarwal, CMD, commenting on the results said FY24 has been a historic year for the company.

About V2 Retail Limited:

V2 Retail Limited is one of the fastest-growing retail companies in India that enjoys strong brand equity from customers across segments. The company offers a portfolio of products, including apparel and lifestyle products. V2 stands for ‘Value and Variety’. The company sells good quality fashion garments at affordable prices that suit every individual and household. V2 has a strong presence in northern and eastern India. It caters to the neo-middle class group of population living in Tier 2 and Tier 3 cities. 

Read More About V2 Retail Limited Share Price Here!