Checking out V-Mart’s Shopping Cart
0Nirmal Bang caught up with the management of V-Mart Retail to get a sense on the demand, footfalls as well as the winter trends being witnessed. They believe that the significant volume decline seen on a same-store-sales basis as compared to pre-pandemic days isn’t a company specific problem. It seems to stem from significant loss of purchasing power among the lower end consumers in the Tier-3-4 towns where V-Mart Retail is present. But now, with the remittances from workers coming in, the repair of household balance sheets could potentially take another 2-3 quarters which means that it could take a few more quarters for SSSG in these towns to come back to their pre-covid levels. Apart from this, what is the company doing to bring its old customers back? How is the winter season shaping-up for them? What are some of the expansion plans? Listen in to what Vamakshi Dhoria has to say.
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