Ex depreciation company has show decent growth in 1HFY16.
I personally feel it is best to look at V Mart at PAT + Depreciation level. There were lots of exceptional items in depreciation level last year (Depreciation was +ve in 2Q and 3Q FY15.)
Self funding now
The company has become FCF and is self funding now. I dont know of any retail company is India which is FCF +ve. That itself is a massive achievement.
New store additions
There were concerns on new store additions. Current store count is 122 up from 109 end of 2QFY16. So company has added 13 new stores in 3Q so far.
Disclosure: Invested recently
| Subscribe To Our Free Newsletter |
