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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.

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