Click to edit Master subtitle style - V-Mart Retail Q3... · 2018. 5. 2. · Click to edit Master...

Click to edit Master subtitle style

2/1/2017 1


2/1/2017 1 1Price “Less” Fashion

“Price Less‟ Fashion”, Price “Less” Fashion

DisclaimerThis investor presentation has been prepared by V-Mart Retail Limited (“V-Mart”) and does not constitute a

prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other

documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute

an offer.

No representation or warranty, express or implied is made as to, and no reliance should be placed on, the

fairness, accuracy, completeness or correctness of such information or opinions contained herein. The

information contained in this presentation is only current as of its date. Certain statements made in this

presentation may not be based on historical information or facts and may be “forward looking statements”,

including those relating to the general business plans and strategy of V-Mart, its future financial condition

and growth prospects, future developments in its industry and its competitive and regulatory environment,

and statements which contain words or phrases such as ‘will’, ‘expected to’, ‘horizons of growth’, ‘strong

growth prospects’, etc., or similar expressions or variations of such expressions. These forward-looking

statements involve a number of risks, uncertainties and other factors that could cause actual results,

opportunities and growth potential to differ materially from those suggested by the forward-looking

statements. These risks and uncertainties include, but are not limited to risks with respect to its hair care, its

healthcare business and its skin care business.

V-Mart may alter, modify or otherwise change in any manner the content of this presentation, without

obligation to notify any person of such revision or changes. This presentation cannot be copied and

disseminated in any manner.

No person is authorized to give any information or to make any representation not contained in and not

consistent with this presentation and, if given or made, such information or representation must not be relied

upon as having been authorized by or on behalf of V-Mart. This presentation is strictly confidential.

2


2/1/2017 3


2/1/2017 3

Key highlights : Apr-Dec FY’17 vs FY’16 results

Price “Less” Fashion

• Number of Stores has increased to 136

• Revenue growth is 19%

• Same Store Sales growth (Apparel):

• Value is 8%

• Volume is 4%

• Sales per sq. feet (per month) is Rs. 815

• Contribution of segment to total revenue :

• Fashion 93%

• Kirana 7%

• Net profit is Rs. 34.53 crores

3


2/1/2017 4


2/1/2017 4

Financial Parameters : Apr-Dec FY’17 vs FY’16

Price “Less” Fashion 4

0.00

1,000.00

2,000.00

3,000.00

4,000.00

5,000.00

6,000.00

7,000.00

8,000.00

FY'17 FY'16

7,499.09

6,313.69

Sales (Millions)

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

Apparels Non Apparels Kirana

78.86%

14.17%

6.97%

78.95%

13.32%

7.73%

Sales Mix (%) *FY'17 FY'16

0.00

100.00

200.00

300.00

400.00

500.00

600.00

700.00

FY'17 FY'16

692.51

568.26

EBITDA (Millions)

0.00

50.00

100.00

150.00

200.00

250.00

300.00

350.00

FY'17 FY'16

345.32

271.49

PAT (Millions)

* Due to reclassification in Divisions , comparative amounts have been regrouped to make them comparable for FY17 and FY16.


2/1/2017 5


2/1/2017 5

Operational Parameters : Apr-Dec FY’17 vs FY’16

Price “Less” Fashion

Note : Method of calculation for ASP is on Gross Sales basis

5

0.0

50.0

100.0

150.0

200.0

FY'17 FY'16

184.4

155.3

Footfall (lakhs)

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

FY'17 FY'16

60.3%63.8%

Conversion Rate (%)

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

FY'17 FY'16

710.4

665.0

Transaction size (Rs.)

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

FY'17 FY'16

210.7195.0

335.3 326.3

Average Selling Price (Rs)Total Apparel


2/1/2017 6


2/1/2017 6



-

100

200

300

400

500

600

700

800

900

FY'17 FY'16

815 809

Sales per sq feet (per month)

0

10

20

30

40

50

60

70

80

FY'17 FY'16

18 18

40

36

78

68

Store Count (Nos)Tier 1 Tier 2 Tier 3

0.0%

2.0%

4.0%

6.0%

8.0%

FY'17 FY'16

7.9%

2.3%

Same Store Sales Growth (Apparel)

(%)

0.0%

2.0%

4.0%

6.0%

8.0%

FY'17 FY'16

4.1%

7.6%

Same Store Volume Growth (Apparel)

(%)


2/1/2017 7


2/1/2017 7

a



0.0%

2.0%

4.0%

6.0%

8.0%7.8%

4.6%

2.9%2.2%

0.6%

3.5%

7.3%

4.7%

2.9% 2.4%

0.6%

3.0%

Expenses (% of Sales)FY'17 FY'16

0.0

2.0

4.0

6.0

8.0

10.0

12.0

FY'17 FY'16

11.5

10.0

Retail Space (lakhs Sq feet)

-

10

20

30

40

50

60

70

80

90

FY'17 FY'16

77

84

78

89 83

77

44 41

Inventory (Days of Sales) *Total Apparel Non Apparel Kirana

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

Q3'17 Q3'16 FY'17 FY'16

1.2%

3.8%

1.4%

2.3%

Shrinkage (% of Sales)


2/1/2017 82/1/2017 8

• Number of Stores has increased to 136

• Revenue growth is 23%

• Same Store Sales growth (Apparel):

• Value is 17%

• Volume is 13%

• Sales per sq. feet (per month) is Rs. 1009

• Contribution of segment to total revenue :

• Fashion 94%

• Kirana 6%

• Net profit is Rs. 27.21 crores

Key highlights : Q3 FY’17 vs FY’16 results

“Price Less‟ Fashion”, 8

2/1/2017 92/1/2017 9

Financial Parameters : Q3 FY’17 vs FY’16


0.00

500.00

1,000.00

1,500.00

2,000.00

2,500.00

3,000.00

3,500.00

Q3'17 Q3'16

3,268.94

2,648.88

Sales (Millions)

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

Apparels Non Apparels Kirana

80.14%

14.01%

5.85%

81.64%

12.16%

6.20%

Sales Mix (%) *Q3'17 Q3'16

0.00

100.00

200.00

300.00

400.00

500.00

Q3'17 Q3'16

483.00

299.07

EBITDA (Millions)

0.00

50.00

100.00

150.00

200.00

250.00

300.00

Q3'17 Q3'16

272.06

150.12

PAT (Millions)


2/1/2017 102/1/2017 10

Operational Parameters : Q3 FY’17 vs FY’16


0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

Q3'17 Q3'16

71.2

57.2

Footfall (lakhs)

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

Q3'17 Q3'16

58.5%

62.8%

Conversion Rate (%)

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

Q3'17 Q3'16

824.5

768.0

Transaction size (Rs.)

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

Q3'17 Q3'16

255.5238.8

443.3432.5

Average Selling Price (Rs)Total Apparel

2/1/2017 112/1/2017 11Price “Less” Fashion

` in lacs (except per share data)

11

For the period ended

Particulars 31.12.2016 31.12.2015

(Unaudited) (Unaudited)

1. Income from operations

(a ) Net sales/income from operations 74,902.57 63,066.16

(b) Other operating income 88.32 70.72

Total income from operations (net) 74,990.89 63,136.88

2. Total expenses 69,694.02 58,867.68

3. Profit/(loss) from operations before other income and finance costs (1-2) 5,296.87 4,269.20

4. Other income 232.20 100.30

5. Profit/(loss) from ordinary activities before finance costs (3+4) 5,529.07 4,369.50

6. Finance costs 266.45 240.50

7. Net profit/(loss) from ordinary activities before tax (5-6) 5,262.62 4,129.00

8. Tax expense/(credit) * 1,809.43 1,414.07

9. Net profit/(loss) from ordinary activites after tax (7-8) 3,453.19 2,714.93

10. Extra-ordinary items (net of tax expense of `49.72 lacs) - -

11. Net profit/(loss) for the period (9-10) 3,453.19 2,714.93

12. Paid up equity share capital (Face value of `10 per share) 1,806.67 1,805.46

13. Reserves excluding revaluation reserves as per balance sheet of previous accounting year - -

14.i Earnings per share (before extraordinary items) (of `10 each) (not annualised)

(a) Basic 19.11 15.05

(b) Diluted 19.11 15.05

14.ii Earnings per share (after extraordinary items) (of `10 each) (not annualised)

(a) Basic 19.11 15.05

(b) Diluted 19.11 15.05

2/1/2017 122/1/2017 12Price “Less” Fashion

(All amounts in `, unless stated otherwise) (All amounts in `, unless stated otherwise)

12

V-Mart Retail Limited

Balance Sheet as at 31 December 2016

NotesAs at

31 December 2016 As at

31 March 2016

EQUITY AND LIABILITIES

Shareholder's funds

Share capital 3 180,681,600 180,666,960

Reserves and surplus 4 2,472,558,569 2,126,529,853

2,653,240,169 2,307,196,813

Non-current liabilities

Long-term borrowings 5 - -

Other non-current liabilities 6 104,310,080 83,867,723

Long term provisions 7 26,684,482 21,283,500

130,994,562 105,151,223

Current liabilities

Short-term borrowings 8 245,923,185 269,113,278

Trade payables

- Total outstanding dues of ME&SE 9A - -

- Total outstanding dues of creditors other than ME&SE 9B 691,671,765 956,465,835

Other current liabilities 10 148,164,159 133,446,095

Short-term provisions 11 175,463,216 60,613,158

1,261,222,325 1,419,638,366

4,045,457,056 3,831,986,402

ASSETS

Non-current assets

Fixed assets

Tangible assets 12A 1,222,908,534 1,075,532,724

Intangible assets 13 27,360,338 27,478,203

Capital work-in-progress 12B 4,587,845 23,456,176

Non-current investments 14 - 130,300,000

Deferred tax assets 15 61,793,199 42,205,247

Long term loans and advances 16 245,857,344 168,410,162

Other non-current assets 17 510,640 961,024

1,563,017,900 1,468,343,536

Current assets

Current investments 18 245,523,836 193,369,647

Inventories 19 2,132,242,850 2,044,271,038

Cash and bank balances 20 52,359,523 42,791,780

Short-term loans and advances 21 50,306,503 82,265,836

Other current assets 22 2,006,444 944,565

2,482,439,156 2,363,642,866

4,045,457,056 3,831,986,402

V-Mart Retail Limited

Cash Flow Statement for the period ended 31 December 2016

For the period endedFor the period

ended

31 December 2016 31 March 2016

A. Cash flows from operating activities

Net profit before tax and before extra-ordinary items 526,262,399 423,120,288

Adjustment for: 303,403,099 393,516,381

Operating profit before working capital changes 829,665,498 816,636,669

Movements in working capital : (402,934,168) (154,599,105)

Cash generated from operations 426,731,330 662,037,564

Taxes paid (162,404,519) (149,016,573)

Net cash flow from operating activities 264,326,811 513,020,991

B. Cash flows used in investing activities

Net cash flow used in investing activities* (197,835,755) (424,205,663)

C. Cash flows from/(used in) financing activities

Net cash flow from/(used in) financing activities (54,755,919) (94,743,123)

D. Net increase/(decrease) in cash and cash equivalents 11,735,137 (5,927,795)

E. Cash and cash equivalents at the beginning of the year 20,409,023 26,336,818

F. Cash and cash equivalents at the end of the year 32,144,160 20,409,023

Net increase/(decrease) in cash and cash equivalents 11,735,137 (5,927,795)

* Investment in fixed assets is `29.18 cr. (previous year: `31.31 cr.) in net cash flow used in

investing activities


2/1/2017 13


2/1/2017 13 13Price “Less” Fashion

“Price Less‟ Fashion”, Price “Less” Fashion 14

“Price Less‟ Fashion”,

States Store Count (31th December 2016)

Delhi 03

Uttar Pradesh 56

Gujarat 06

Bihar 29

Punjab 03

Madhya Pradesh 04

Rajasthan 04

Haryana 01

Chandigarh 01

Jammu and Kashmir 02

Uttarakhand 05

West Bangal 04

Odisha 10

Jharkhand 08

Total 136



1. Store Name Date of

Opening

Retail Space

(Sq ft)

1. Jamalpur 23.10.16 7488

2. Birsa Chowk–Ranchi 26.10.16 11000

2.

16


S. No. Campaign Launch Location

01 Diwali 12.10.16 All India

02 Winter Launch 05.11.16 All India

03 Wedding Launch 05.11.16 All India

04 Woolen Mela 10.12.16 All India

05 Jacket Mela 24.12.16 All India

17


2/1/2017 23


2/1/2017 23

Thank youIn case of any queries, pls contact the IR Team :

Deepak Sharma – [email protected] Garg – [email protected]


Click to edit Master subtitle style - V-Mart Retail Q3... · 2018. 5. 2. · Click to edit Master...

Documents

Transcript of Click to edit Master subtitle style - V-Mart Retail Q3... · 2018. 5. 2. · Click to edit Master...