V-Mart Retail has reported results for third quarter ended December 31, 2020.
The company has reported 17.78% fall in its net profit of Rs 47.87 crore for the quarter under review against net profit of Rs 58.22 crore for the same quarter in the previous year. Total income of the company decreased by 16.40% at Rs 470.31 crore for Q3FY21 as compared Rs 562.59 crore for the corresponding quarter previous year.
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.