Value fashion retailer, V-Mart Retail Ltd wasn’t spared this pain either. In the December quarter, the company had swung to profit after having reported a loss in the first half of the FY21. But the recovery took a pause thanks to the impact of the second covid-19 wave, which meant V-Mart’s earnings took a beating yet again. Even as the near-term remains tough, it would be interesting watch the pace of recovery once the adverse impact of the pandemic begins to subside. Some analysts believe that the company would be placed well once normalcy returns.

Source: Mint June 01, 2021 08:10 UTC