V-Mart Retail Q2 loss widens to Rs 16 crore

What happened: V-Mart Retail's Q2 loss widened to Rs 16 crore from Rs 8.87 crore a year earlier, per a regulatory filing. Key numbers: Revenue from operations rose 18 per cent year-on-year to Rs 952.99 crore. Total expenses rose 22 per cent to Rs 976.37 crore. Total income was Rs 955.67 crore, up 17.9 per cent. Shares settled at Rs 737.40, up 0.05 per cent. Why it matters: Expenses grew faster than revenue, and the loss widened year-on-year even as sales increased.

V-Mart Retail's Q2 loss widened to Rs 16 crore from Rs 8.87 crore a year earlier, per a regulatory filing.

Expenses grew faster than revenue, and the loss widened year-on-year even as sales increased.