CMP at Rs 574. V-Mart reported a resilient Q3 with 10% YoY and 40% QoQ revenue growth to Rs 1,126 crore. The company opened 23 new stores (21 V-Mart and 2 Unlimited) and closed 2 stores (1 V-Mart and 1 Unlimited), taking the total store count to 554. V-Mart is well placed to benefit from rural recovery and market share gains from unorganised players.
(Suhanee Shome, Axis Direct)
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