V2 Retail Ltd - Q1 FY2023-24 Quarterly Update

V2 Retail Ltd has announced the quarterly update of the Company at the end of Q1 of Financial Year 2023-24 (April 2023 to June 2023).

Standalone Revenue from operations for the quarter ended (QE) June 30, 2023 stood at Rs. 263.67 crores, as against Rs. 211.29 crores registering a growth of 24.79% YoY.

Sales per square feet per month (PSF) for QE June 30, 2023 was at Rs. 797 as compared to Rs. 658 for QE June 30, 2022.

The total number of stores as of June 30, 2023 stood at 105. The Company has opened 4 (four) new stores and closed 1(one) store during the Q1 of Financial Year 2023-24 (April 2023 to June 2023). Total Retail area as on June 30, 2023 is ~11.05 lakh sq.ft.

The Standalone Revenue from operations for QE June 30, 2023 given above is subject to limited review by the Statutory Auditors of the Company.

Shares of V2 Retail Limited was last trading in BSE at Rs. 128.10 as compared to the previous close of Rs. 132.00. The total number of shares traded during the day was 5879 in over 70 trades.

The stock hit an intraday high of Rs. 132.95 and intraday low of 127.00. The net turnover during the day was Rs. 756546.00.

Source : Equity Bulls

Keywords

V2Retail INE945H01013 Q1FY2024 QuarterlyUpdate