V-Mart witnessed a revenue growth in the third quarter as the festive season boosted sales. EBITDA margins, however, declined on higher employee costs and other expenses.
Sharing his views and outlook in an interview with CNBC-TV18, Lalit Agarwal, CMD of V-Mart, said, “We have been able to contain the margins and I think it should look better going forward. Last quarter, the festivals impacted the sales where you get the best of the margins in this particular quarter. So Q3 is typically the best quarter. We should be able to cruise through the similar margins in the rest of the period in the year."
In terms of sales, he added, “Festival was very good. Post the festival, we haven’t seen that big growth or jump in the year-on-year (YoY) sales performance or the footfalls coming up. We have seen some softness in the market even in the month of January or in the December month so that is a small concern but I think it is going to takeover in this particular month because of lot of weddings and the festival of Holi in the month of March. So we will have a lot of buzz around that. Also a lot of sops from the government in the Budget which is making consumers feel better. So I think that feeling will bring in some more cheers and increase the margins.”