India's V-Mart Retail gains on Q3 profit rise

V-Mart Retail

04/02/2025 09:05

** Shares of V-Mart Retail  VMAR.NS  rise 5.1% to 3,520
rupees
    ** Department stores operator saw an over-two-fold y/y rise
in Q3 profit to 716.3 million rupees ($8.2 million); rev from
ops rises 16% Y/Y
    ** Co aided by strong demand in its core retail trade
segment, which saw a ~17% rev growth
    ** More than 146,000 shares change hands, 3.7x its 30-day
avg
    ** Stock nearly doubled in 2024



($1 = 87.0600 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))