V2 Retail Ltd., a prominent player in the department store retail industry, announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Revenue from operations: ₹296 crore (53% YoY growth)
Gross margin: 28.0% (compared to 28.6% in Q4FY23)
EBITDA: ₹31.4 crore (121% YoY growth)
EBITDA margin: 10.6% (compared to 7.4% in Q4FY23)
PAT: ₹3.6 crore (compared to a loss of ₹7.7 crore in Q4FY23)
FY24 Financial Highlights:
Revenue from operations: ₹1,164.7 crore (39% YoY growth)
Gross margin: 29.7% (compared to 31.0% in FY23)
EBITDA: ₹147.8 crore (76% YoY growth)
EBITDA margin: 12.7% (compared to 10.0% in FY23)
PAT: ₹27.8 crore (compared to a loss of ₹12.8 crore in FY23)
Key Takeaways:
Strong Revenue Growth: V2 Retail demonstrated robust revenue growth in both Q4FY24 and FY24, driven by increased consumer spending and successful store expansion strategies.
Improved Profitability: The company significantly improved its profitability in both periods, with a remarkable turnaround from a loss to a profit in FY24.
Enhanced EBITDA Margin: V2 Retail's EBITDA margin also witnessed a notable increase, indicating efficient cost management and operational efficiency.
Focus on Expansion: The company is actively focusing on expanding its store network and enhancing its product offerings to cater to a wider customer base.
Further Information:
For a detailed analysis and further insights into V2 Retail's performance, you can refer to the following resources:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/v2-retail-ltd
5paisa Share Price: https://www.5paisa.com/stocks/v2retail-share-price
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