NIFTY 50

May not have full recovery in Q4; optimistic about FY21: V-Mart

Updated : December 31, 2020 04:01:27 IST

Anand Agarwal, CMD of V-Mart Retail, said the company might not have full recovery in Q4 but optimistic about FY21.

V-Mart Retail on the radar, after it opened 4 new stores - three in Uttar Pradesh and one in Jharkhand.

In an interview to CNBC-TV18, Agarwal said, “At an overall level the quarter (Q3) looks slightly lower than last year; we should be trending around 80 percent or so, but we still remain very optimistic on the future as we see a lot of customers in the market and demand reviving.”

“We still have cautious optimism on Q4 and we may not be able to look at a complete recovery in Q4, but as far as next year is concerned, we have been making ample preparations for more store rollouts, expansion and looking at newer opportunities,” he said.

For more details, watch video
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you