V-Mart Retail posts 22 percent revenue growth in quarterly update

Shares of V-Mart Retail saw a significant jump in early trade on Friday, October 3, rising as much as 10.36 percent, following the release of an upbeat provisional quarterly business update. The value retailer reported a substantial 22 percent year-on-year growth in total revenue from operations for the quarter, which stood at Rs 807 crore compared to Rs 661 crore in the same period last year. This performance was underpinned by a robust same store sales growth (SSSG) of 11 percent for the quarter, a figure matched by its brand Unlimited.