India's V-Mart likely to return to profitability in FY25 - Motilal Oswal

V-Mart Retail

14/12/2023 06:22

** Indian retailer V-Mart  VMAR.NS  could see its loss
making trend reverse in FY25, Motilal Oswal says 
    ** Improvement in core business is expected from Q3 onwards,
driven by healthy same-store sales growth, brokerage says
    ** Co has posted net loss for three straight quarters
    ** Management is now looking to reduce investments in
e-commerce platform Limeroad, better management in Unlimited
stores, Motilal says
    ** These moves should help in curbing losses from co's view
of 600 mln rupees losses in FY24 to breakeven in FY25 -
brokerage
    ** Low price points, cost leadership, strong liquidity, and
prudent inventory management give VMART edge over rivals -
Motilal
    ** V-Mart shares up 2.5% at 1,796 rupees Thursday; down over
36% YTD
    

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))