January 30, 2015 6:59 AM ET

Multiline Retail

Company Overview of V-Mart Retail Limited

Company Overview

V-Mart Retail Limited operates a chain of departmental stores in India. Its stores offer apparel for men, women, boys, girls, and toddlers, as well as accessories; and general merchandise products, such as footwear, fashion jewelry, books and stationery, toys and games, bags and luggage, and purses and clutches products, as well as home furnishings, kitchenware, crockery, and gifts and novelty products. The company’s stores also provide FMCG products, packaged food items, beauty and personal care products, home care products, and staples. As of December 29, 2014, it operated 107 stores in 90 cities across 12 states. The company was incorporated in 2002 and is based in New Delhi, India.

F-11, Udyog Nagar Industrial Area

Rohtak Road

Peeragarhi

New Delhi,  110041

India

Founded in 2002

Phone:

91 11 4525 4444

Fax:

91 11 4525 4429

Key Executives for V-Mart Retail Limited

Chairman
Age: 44
Total Annual Compensation: $4.5M
Whole Time Director
Age: 70
Total Annual Compensation: $1.5M
Compensation as of Fiscal Year 2014.

V-Mart Retail Limited Key Developments

V-Mart Retail Limited, Q3 2015 Earnings Call, Jan 23, 2015

V-Mart Retail Limited, Q3 2015 Earnings Call, Jan 23, 2015

V-Mart Retail Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

V-Mart Retail Limited announced unaudited earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, net sales/income from operation was INR 2,397.067 million against INR 1,954.041 million a year ago. Profit from operation before other income, finance cost and prior period items was INR 385.753 million against INR 228.772 million a year ago. Profit from ordinary activities before tax was INR 367.348 million against INR 212.243 million a year ago. Net profit was INR 240.150 million or INR 13.36 per basic and diluted share against INR 140.966 million or INR 7.85 per basic and diluted share a year ago. The company reported a growth in profit after tax of 70% year over year. The company’s sales grew by 23% and EBITDA grew by 35% year over year. For the nine months, net sales/income from operation was INR 5,487.627 million against INR 4,354.297 million a year ago. Profit from operation before other income, finance cost and prior period items was INR 588.363 million against INR 400.352 million a year ago. Profit from ordinary activities before tax was INR 557.376 million against INR 361.277 million a year ago. Net profit was INR 357.588 million or INR 19.90 per basic and diluted share against INR 240.606 million or INR 13.40 per basic and diluted share a year ago.

V-Mart Retail Limited Announces Board Changes

V-Mart Retail Limited announced that the Board of Directors of the company at its meeting held on January 22, 2015, has considered and approved the resignation of Mr. Kamal Kumar Gupta and Mr. Krishan Kumar Gupta as Independent Directors with effective from January 22, 2015. The company appointment of Mr. Murli Ramachandran and Ms. Sonal Mattoo, as Additional Directors in the capacity of Independent Directors with effective from January 22, 2015. The company announced the resignation of Mr. Hemant Agarwal, as Whole-time Director of the company with effective from January 22, 2015 and appointment of Mr. Hemant Agarwal as Additional Director in the capacity of Non-Executive Director with effective from January 22, 2015.

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