India's V-Mart plans to double store count; treble turnover

V-Mart will fund the expansion through internal accruals, Agarwal said. In 2017-18, the company had reported a revenue of over ₹ 1,200 crore, according to a news agency report.

Three-fourths of V-Mart stores are located in four states — Uttar Pradesh, Uttarakhand, Jharkhand and Bihar.

V-Mart, whose sole distribution centre is located near Gurgaon in Haryana to service all its stores, has also roped in a consultant to understand whether it requires another distribution centre when it expands its operations. (DS)

ALCHEMPro News Desk – India