V-Mart may launch omni-channel retail model soon

Delhi-based V-Mart Retail is studying the ecommerce model to launch an omni-channel retail initiative that would blend its offline and online stores. With over 100 physical stores in the country at the moment, the company also aims to open 50 new stores eyeing a three-fold growth over the next two years.

The company posted a 24.05 percent increase in standalone net profit at Rs 11.19 crores for the quarter ending June 30, 2015. The company had posted a net profit of Rs 9.02 crore during the April-June period of 2014-15 fiscal.

V-Mart's total income from operations during the quarter under review increased 24.01 percent to Rs 204.66 crores as against Rs 165.03 crores during the same period of last fiscal, the company said in a statement. “During this quarter, the focus was on sustaining top line growth. This quarter has been seen a moderation in customer demand and we expect the same mood to follow through the next quarter too,” said V-Mart Retail Chairman and Managing Director Lalit Agarwal.