V-mart Retail Shares Today: Shares of V-Mart Retail Ltd. jumped more than 10 per cent on Friday, October 3, following the company’s second-quarter business update released after market hours on Wednesday. Markets were closed on Thursday for Dussehra.
The company reported a 22 per cent rise in total revenue for the September quarter, which stood at Rs 807 crore, up from Rs 661 crore in the same period last year. Same-store sales growth (SSSG) came in at 11 per cent, with both V-Mart and Unlimited formats contributing equally to the growth.
V-Mart Retail added 25 new stores during the quarter while closing two underperforming outlets, bringing the total store count to 533 as of September 30. New stores were opened across Karnataka, Bihar, Uttar Pradesh, Jharkhand, West Bengal, Jammu & Kashmir, and Maharashtra.
On Friday, the stock extended gains for the third consecutive day, rising 10.4 per cent to an intraday high of Rs 802 before cooling to trade 6.5 per cent higher at Rs 677.3. The rally reflects investor confidence in the company’s growth trajectory and aggressive expansion strategy.
