Fashioning Futures
Empowering Bharat with Pride, Purpose, and Progress
It fills me with immense pride to reflect on the year gone by—a
year that challenged us, inspired us, and most importantly, brought us closer to the
future we've always envisioned. At V-Mart, our journey is not just one of numbers,
but of meaning. We are not merely running a business— we are stitching together
dreams, dignity, and a deeper purpose. The broader Indian retail landscape mirrored this
momentum, growing robustly in FY25, fuelled by rising incomes, urbanisation, and
accelerating digital adoption. Organised retail expanded rapidly, while supply chain
modernisation enhanced efficiency. Despite inflation and competitive pressures, strong
consumer demand sustained steady growth, with a clear shift toward sustainability and
social consciousness.
In this evolving landscape, we stayed true to our mission—making
fashion not only accessible but responsible. From Tier 2 and Tier 3 towns to digital
storefronts, we serve the aspirations of Bharat with authenticity and intent. Our
commitment to excellence came alive through sharper assortments, tech-led agility, and a
deeper sustainability footprint. With challenges mounting and competition intensifying,
our team responded not with hesitation, but with heart. We closed the year with 17%
revenue growth and a 147% surge in profits.
Our strategy is centred around disciplined, inclusive
growth—unlocking the full potential of every store and category, while investing in
scalable, intelligent infrastructure to power future-ready operations. We are building not
just efficiency but equity, not just profit but purpose. Our competitive edge will
continue to come from product excellence, immersive customer experiences, and a resonant
brand identity rooted in community trust. What distinguishes V-Mart is that we're not
only building a modern retail engine—we are humanising it. We embed technology across
the product lifecycle, from design and costing to inventory and customer delight, ensuring
smarter, faster, and more thoughtful decisions. Omni-enablement is helping us deliver
seamless, personalised experiences that serve not just needs, but dreams.
Our deepest evolution, however, lies in our ethos of responsible
growth. FY25 marks a turning point in our sustainability journey—from removing 100%
shrink wrap to converting apparel waste into reusable yarn. We are reimagining circular
fashion not as a trend but as a responsibility. Equally, we're investing in our
people: building inclusive workplaces, increasing women's participation across roles,
and aligning vendors to ethical sourcing. We were humbled to be named one of India's
Top 50 Future-Ready Employers.
But what fills me with greater pride is the spark our teams bring to
work each day—a spark of intent, ownership, and belief.
V-Mart today stands as a more diverse, empowered, and accountable
organisation, anchored in transparency and robust governance. With the induction of two
new Independent Directors, we further strengthened Board independence. The prestigious
ICSI National Award for Excellence in Corporate Governance is a recognition of that
intent.
As we look ahead, we carry both cautious optimism and bold conviction.
The journey may have its turns, but our direction is clear. We will deepen our digital
ecosystem, cultivate collections that reflect local narratives, and amplify our social
impact. Most of all, we will remain obsessed—with the customer, with integrity, and
with building a legacy that lasts.
At V-Mart, we don't just sell fashion—we offer self-worth,
pride, and shared prosperity.
Every stitch in our garment carries a message.
Every product on our shelf is a promise. This is our calling. This is
our promise. With your continued trust, we will keep moving forward—boldly,
responsibly, and always with heart.
In gratitude,
Aakash Moondhra
Chairperson