V-Mart Retail Plans To Add Over 60 Stores Annually, Says CFO Anand Agarwal

V-Mart Retail Ltd. is about to develop aggressively, including no less than 50-60 shops yearly, in response to Chief Monetary Officer Anand Agarwal. Chatting with NDTV Revenue on Monday, Agarwal emphasised the corporate’s dedication to sustainable progress, focusing on a 10-12% annual improve in retail house.

“For the following yr, that ought to translate to 60-odd shops, with a further 10 shops the next yr. A yearly addition of over 60 shops is the best quantity to think about,” he stated.

Reflecting on market circumstances, Agarwal highlighted that the previous yr and a half has been notably constructive, following a post-Covid correction. “We’re witnessing improved buyer footfall, higher shopper sentiment, and stronger throughput in numbers,” he stated.

“At a macro stage, we nonetheless see a powerful alternative. The general market might not be extraordinarily sturdy, however it’s definitely higher than the final 3-4 years,” he stated.