V-Mart Retail Ltd Share Price – NSE /  BSE

Retail, Small Cap

However, there were no casualties or injuries, but the incident resulted in some damage to inventory and assets at the store. The damage is being assessed and is expected to be less than Rs 1 crore.

The company stated that it has adequate insurance coverage and is working with the insurance company to assess and process the required claims.

V-Mart is an omni retail store chain for the complete family, offering fashion apparel, footwear, home furnishings, general merchandise and kirana.

Shares of V-Mart rose 0.83% to Rs 3,520.75 on the BSE.

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V-Mart Retail reported a fire accident at one of the Company's store located at Ahmedabad, Gujarat, on 18 November 2024.

The company said, We further wish to inform that there was no loss or injury to human life but has resulted in some damage of inventory and assets at the store, which is being tabulated and is likely to be less then Rs. 1cr.

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Net Loss of V-Mart Retail reported to Rs 56.51 crore in the quarter ended September 2024 as against net loss of Rs 64.12 crore during the previous quarter ended September 2023. Sales rose 20.30% to Rs 660.97 crore in the quarter ended September 2024 as against Rs 549.43 crore during the previous quarter ended September 2023.

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V-Mart Retail will hold a meeting of the Board of Directors of the Company on 29 October 2024.

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