V-Mart Retail Limited has informed the Exchange about Investor Presentation

Ref. No. CS/S/L-689/2023-24

9th August, 2023

To: The Listing Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED “Exchange Plaza” Bandra Kurla Complex, Bandra (E ), Mumbai – 400 051 Scrip Code: VMART Fax: 022-26598120 Email: cmlist@nse.co.in

To: The Corporate Relationship Department THE BSE LTD Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 534976 Fax: 022-22723121 Email: corp.relations@bseindia.com

Sub: Presentation to Analysts/Investors

Dear Sir/Madam,

Please find enclosed herewith the presentation being forwarded to Analysts/Investors on unaudited financial results of the Company for the first quarter ended 30th June, 2023.

The above presentation is also available on the Company's website: www.vmart.co.in.

We request you to kindly take the above information on record.

Thanking You,

Yours Truly For V-Mart Retail Limited

Megha Tandon Company Secretary and Compliance Officer

Encl: as above

V-Mart Retail Limited Investor Presentation Q1FY24

www.vmartretail.com / www.limeroad.com

Q1FY24

Key Performance Highlights Financial Parameters Operational Parameters

Key Highlights: Q1FY24 vs. Q1FY23

▪ Revenue Growth : 15% YoY ▪ Revenue Channel Mix

• V-Mart : 80% (including 2% digital) +15% YOY • Unlimited : 17% +4% YOY • LimeRoad* : 3% (commission revenue) +47% QOQ

▪ Revenue Segment Mix

• Fashion : 89% • Kirana : 11%

▪ EBITDA (% to revenue) : 7.5% ▪ Total Stores : 431 (VMart : 349 / Unlimited : 82) • Stores Opened : 9 (V-Mart: 8, Unlimited: 1) • Stores Closed : 1 (V-Mart: 0, Unlimited: 1)

▪ New Warehouse Operations started

Q1 FY24

* LimeRoad business integrated w.e.f November 11, 2022

3

Financial Parameters

Revenue (₹ Millions)

Revenue Mix (%)

Q4FY23

LimeRoad Net Merchandise Value – ₹ 445 Million (Q4FY23 – ₹ 213 Million)

EBITDA (₹ Millions , % to Revenue)

PAT (₹ Millions)

Q4FY23

Q1 FY24

4

78.8%10.4%10.5%80.2%10.5%9.3%ApparelNon-ApparelKiranaQ1FY24Q1FY23525 635 146 -256 887 705 182 -215 TotalV-MartUnlimitedLimeRoadQ1FY24Q1FY237.7%11.7%12.3%15.1%14.9%15.9%-219 205 Q1FY24Q1FY236,785 5,424 1,187 174 5,879 4,734 1,145 118 TotalV-MartUnlimitedLimeRoadQ1FY24Q1FY2315%▲15%▲4%▲Operational Parameters

Footfall (Millions)

Conversion Rate (%)

Transaction size (₹)

Average Selling Price (ASP) (₹)

Q1 FY24

% change computed vs Q1FY23

5

13 10 Q1FY24Q1FY2323%▲977 881 1,997 1,015 900 2,193 TotalV-MartUnlimitedQ1FY24Q1FY234%▼9%▼2%▼219 197 451 345 320 485 TotalV-MartUnlimitedTotalV-MartUnlimitedASP(Total)ASP(Apparel)6%▼4%▼17%▼6%▼3%▼18%▼56%60%Q1FY24Q1FY23Operational Parameters

Store Count (Nos)

Tier Wise Sales per square feet (Per Month) (₹)

Sales per square feet (Per Month) (₹)

Same Store Sales (SSSG) & Volume (SSSV) Growth (%)

Tier 1

Tier 2

Tier 3

Tier 4

Tier 1

Tier 2

Q1 FY24

Q1FY23 SSSG and SSSV are not comparable since Q1FY22 was impacted by Covid

Q1QQ166514

6

632 661 524 626 651 542 TotalV-MartUnlimitedQ1FY24Q1FY231%▲2%▲3%▼632665629632540626616611675476TotalTier 1Tier 2Tier 3Tier 4Q1FY24Q1FY231%▲8%▲3%▲6%▼14%▲43110952217533911035319243TotalTier 1Tier 2Tier 3Tier 4Q1FY24Q1FY2310%▲6%▲2%▼13%▲23%▲-2.7%2.9%0%2.6%-10.9%6.4%SSSGSSSVQ1FY24TotalV-MartUnlimitedOperational Parameters

Expenses (% of Revenue)

Retail Space (Millions Square feet)

Inventory (Days of Sales)

Shrinkage* (% of Revenue)

Q1 FY24

*Includes provision for obsolescence

7

1071121155910411011053TotalApparelNon ApparelKiranaQ1FY24Q1FY2310.6%4.5%6.3%6.7%9.4%4.4%2.5%5.9%ManpowerPower & FuelAdvertisementOthersQ1FY24Q1FY233.8 3.0 0.8 3.4 2.6 0.8 TotalV-MartUnlimitedQ1FY24Q1FY2312%▲13%▲9%▲1.3%0.1%Q1FY24Q1FY23Operating Expenses

Manpower (₹ Millions)

Power & fuel (₹ Millions)

Advertisement (₹ Millions)

Other Expenses (₹ Millions)

Q4FY23

Q4FY23

Q1 FY24

Q4FY23

Q4FY23

8

717 510 129 78 552 442 110 78 TotalV-MartUnlimitedLimeRoadQ1FY24Q1FY2330%▲15%▲17%▲1%▼302 233 69 0 262 211 51 0 TotalV-MartUnlimitedLimeRoadQ1FY24Q1FY2315%▲10%▲35%▲6%▼429 124 52 253 145 109 36 169 TotalV-MartUnlimitedLimeRoadQ1FY24Q1FY23195%▲14%▲42%▲49%▲455 281 73 101 346 239 107 86 TotalV-MartUnlimitedLimeRoadQ1FY24Q1FY2331%▲32%▼17%▲17%▲9

Limeroad Financial and Operational Parameters

NMV and Revenue (₹ Millions)

Contribution Margin* (% to NMV)

Synergies

18%

10%

15%

6%

Visits & MAUV (Millions)

Average Order Value (₹)

Conversion to Order (%)

*Excludes Marketing and ESOP Expense

June'23

Vmart Store Integrated

Q1 FY24

March'23

LimeRoad contribution to Vmart Online Orders

Q1 FY24

Visit = Total Visit in a month; MAUV = Unique visitors in a month; NMV = Net Merchandise Value

10

719 826 June'23March'2313%▼17411839%38%4453120%5%10%15%20%25%30%35%40%Q1 FY24Q4 FY23NMV GrowthService Revenue % to NMV43%▲47%▲29 18 14 10 June'23March'23VisitsMAUV61%▲40%▲1.2%1.2%3.7%4.0%June'23March'23New UserRepeat User2%▲7%▼8%1%June'23March'23700%▲11

optimised for negative working capital

12

Apr- Jun FY24

Key Business Segments Profit & Loss Statement Balance Sheet Cash flow Statement

13

Statement of Profit & Loss

₹ Millions

YTD FY24

* Tax expense includes deferred tax

14

June 30, 2023June 30, 2022(Unaudited)(Unaudited)IRevenue from operations6,7855,879IIOther income1541IIITotal Income (I + II)6,8005,920IVTotal expenses7,0905,641V(Loss)/profit before tax (III-IV)(290)278VITotal tax expense*(70)74VII(Loss)/profit for the year (V-VI)(219)205VIIIOther comprehensive (loss)/income1(2)IXTotal comprehensive (loss)/income for the period (VII+VIII)(218)203X(Loss)/Earning per share (Nominal value of Rs. 10 each)(a) Basic (₹)(11.10)10.35(b) Diluted (₹)(11.10)10.35ParticularsFor the period endedSegment Reporting

₹ Millions

YTD FY24

15

ParticularsJune 30, 2023June 30, 2022ParticularsJune 30, 2023June 30, 2022(Unaudited)(Unaudited)(Unaudited)(Unaudited)Segment RevenueSegment AssetRetail Trade (V-Mart + Unlimited)6,612 5,879 Retail Trade (V-Mart + Unlimited)25,144 21,110 Digital market place (LimeRoad)174 - Digital market place (LimeRoad)998 - Total Segment Revenue6,785 5,879 Total26,142 21,110 Add: Unallocated assets605 425 Segment Results (EBIT)Total Segment Asset26,747 21,535 Retail Trade (V-Mart + Unlimited)15 280 Digital market place (LimeRoad)-273 - Segment LiabilityTotal-259 280 Retail Trade (V-Mart + Unlimited)16,285 12,575 Less: Finance Cost-31 -1 Digital market place (LimeRoad)515 - Profit before tax-290 278 Total16,800 12,575 Add: Unallocated liabilities1,662 223 Total Segment Liability18,462 12,798 For the Year EndedFor the Year EndedInd-AS 116 : P&L Impact (YTD FY24)

₹ Millions

“Changes due to Ind-AS 116 (increase) / decrease on PBT”

YTD FY24

16

Pre Ind-AS 116Post Ind-AS 116Increased / (decreased) in PBT(A)(B)C = (A-B)Other Expense (Rent impact)1,6761,186490Finance cost 31330(299)Depreciation & Amortization 160499(339)(Loss)/profit before tax (PBT)(141)(290)(148)Particulars (impact on PBT) – FY24Balance Sheet

₹ Millions

YTD FY24

17

June 30, 2023March 31, 2023June 30, 2023March 31, 2023(Unaudited)(Audited)(Unaudited)(Audited)EQUITY AND LIABILITIES ASSETS Equity Property, plant and equipment4,9733,191 Equity Share Capital198198 Capital work in progress551,092 Other Equity8,0878,292Goodwill1515Total Equity (D)8,2858,490 Intangible assets594606 Right-of-use assets10,79510,643Liabilities Financial assetsFinancial liabilities Investments-- Lease liabilities11,32011,077 Other financial assets327321Employee benefit obligations135125 Deferred tax assets (net)600531Non-current liabilities (E)11,45511,203 Other non-current assets262449 Financial liabilities Non-current assets (A)17,62216,848.05 Borrowings1,6351,478 Inventories7,2528,706 Lease liabilities799761 Financial assetsPayables (including Trade)3,7454,883 Investments 5685 Other financial liabilities652444 Loans54Employee benefit obligations4251 Cash and cash equivalents304181 Other current liabilities2729 Other bank balances2121Liabilities for current tax (net)10987 Other financial assets235249Current liabilities (F)7,0087,733 Other current assets1,2511,331Total Liabilities18,46218,935 Current assets (B)9,12510,577TOTAL EQUITY LIABILITIES (G = D+E+F)26,74727,425TOTAL ASSETS (C = A+B)26,74727,425ParticularsParticularsAs AtAs AtCash Flow Statement

₹ Millions

YTD FY24

18

June 30, 2023June 30, 2022(Unaudited)(Unaudited)(A) Cash flows from operating activitiesProfit before Income Tax-290278Adjustments to reconcile profit before tax to net cash flows840647Operating profit before working capital changes550925Changes in working capital497-555Cash flow from operations1,047370Taxes paid (net of refunds)-1-1Net cash flow from operating activities (A)1,046369(B) Investing activitiesNet cash flow (used in)/from investing activities (B)-529-135(C) Financing activities Net cash from/(used in) financing activities (C)-389-199Net increase/(decrease) in cash and cash equivalent (D = A+B+C)12735Net Capex-562-224Cash Flow Statement for the periodFor the period endingNew Stores Addition (Q1 FY24)

+1

+2

+2

+1

+1

+1

+1

+1

+2

Total

Bihar

Uttar Pradesh

2

West bengal

Madhya Pradesh

Andhra Pradesh

Rajasthan

1

1

1

1

Total

Tier 3

Tier 1

3

3

9

9

6

Q1 FY24

19

Total Stores as on June 30, 2023

5

1

YTD FY24

20

STATEFY24FY23ANDHRA PRADESH1211ARUNACHAL PRADESH11ASSAM1414BIHAR5956CHANDIGARH 11GOA11GUJARAT77HARYANA44HIMACHAL PRADESH11JAMMU AND KASHMIR88JHARKHAND2424KARNATAKA1819KERALA22MADHYA PRADESH1817MAHARASHTRA55MEGHALAYA11DELHI55ORISSA1010PUNJAB44RAJASTHAN2423TAMIL NADU2626TELANGANA1818TRIPURA22UTTAR PRADESH134132UTTRAKHAND1313WEST BENGAL1918Total431423Star Retailer Awards 2023

LimeRoad - Value eRetailer of the year 2023

V-Mart – Department Store of the Year 2023

YTD FY24

21

Thank you! Thank you!

In case of any queries, please contact the IR Team: ir_vmart@vmartretail.com

In case of any queries, please contact the IR Team: ir_vmart@vmartretail.com