V-Mart Retail planning to invest Rs 115 crore in FY20 to expand its footprint

03 Sep 2019

V-Mart Retail is planning to hire 2,000 people and invest Rs 115 crore in the current financial year (FY20) to expand its footprint. The retailer, which mainly operates in tier-II and III cities, plans to add around 60 stores this fiscal, taking its total count to 275. The company also expects the contribution of its private labels to increase to around 75 percent of total sales, from 70 percent currently.

V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities. The company primarily operates in Tier-II and Tier-III cities, with a chain of ‘value retail’ departmental stores offering apparels, general merchandise and kirana, catering to the entire family.

Related V-Mart Retail Ltd. Links:

V-Mart Retail Share Price

1715.75 -2.45 (-0.14%) Nov 11, 17:59
1 Year Price Chart
Peers
Company Name CMP
Future Retail 360.00
Avenue Supermarts 1964.90
Aditya Birla Fashion 201.60
Future Lifestyle 393.00
Future Enterprises 24.60
View more..
Sensex vs V-Mart Retail
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463