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DMart Q2 revenue up 18.4% to Rs 19,206 crore; V2 Retail grows 28.4% while Baazar Style falls 10%
Avenue Supermarts reported Q2 standalone revenue up 18.4% YoY to Rs 19,206 crore, with 518 stores as of Sept. 30. V-Mart revenue rose 18% to Rs 953 crore, V2 Retail grew 28.4%, and Baazar Style fell 10%.
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The numbers
Figures from NDTV Profit,
| Baazar Style Q2 same-store sales growth: | -25% |
|---|---|
| Baazar Style store count: | 283 |
| Hero MotoCorp Sept motorcycle sales: | 6.66 lakh units |
Why it matters to operators and investors
Value retail demand is strong (DMart +18.4%, V-Mart +18%, V2 Retail +28.4%), yet Baazar Style's 25% same-store sales drop across 283 stores shows that store count alone won't protect a format, so check your assortment, pricing and store-level productivity against the leaders.
What to watch next
- DMart's next quarterly update showing standalone revenue growth above or below the 18.4% posted in Q2
- DMart's store count moving past the 518 reported at Sept. 30
- Baazar Style's same-store sales decline narrowing from or widening beyond 25%
- V-Mart and V2 Retail reporting growth close to the 18% and 28.4% recorded in Q2
- Baazar Style closing stores or slowing openings from its current 283
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- DMart is likely to keep expanding its store base beyond the 518 stores reported at Sept. 30, which would sustain double-digit revenue growth in the coming quarters.
- V2 Retail is likely to keep the +28.4% momentum going by adding stores, with the market watching whether growth stays well ahead of the sector.
- Baazar Style's management is likely to explain the 25% same-store sales decline as a format, location or assortment problem and may slow its expansion across its 283 stores while it fixes it.
- V-Mart may try to hold its 18% growth (Rs 953 crore) while defending its position against faster-growing V2 Retail in apparel-led value formats.
- Analysts and investors are likely to pay closer attention to the gap between winners (DMart, V2 Retail) and laggards (Baazar Style), and may treat same-store sales as the key comparison metric.