V-Mart Retail soars 15% on Q3 results; Motilal Oswal shares 'buy' call
Wed, Feb 7, 2024 11:40 AM

V-Mart Retail soars 15% on Q3 results; Motilal Oswal shares 'buy' call

A Flip by Avya Verma
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V-Mart Retail's stock saw a 15% increase to Rs 2,410 on Feb 7 after reporting a 41% rise in profit for the Dec quarter. The company's revenue also rose by 14%, with expenses increasing by 15.4%. The management credited good festive demand and improved consumer sentiment for the positive results. The company opened 20 new stores and closed 3, taking their total count to 454.

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