V-Mart eyes Rs 1,000 crore turnovers in FY'17 with estimate sale of 25-30%

V-Mart, affordable apparel and lifestyle product retail chain, is expecting to cross Rs 1,000 crore turnover in the ongoing fiscal on account of estimated 25 to 30 per cent rise in sales.

V-Mart, primarily operate in tier II & tier III cities with the chain of "Value Retail" departmental stores, would continue to add more stores in its existing markets, the company said in a statement.

Lalit Agarwal, Chairman and Managing Director, V-Mart, said, "We are planning to open more stores all over India and will cross Rs 1,000-crore turnover in this financial year."

He further added, "We are consciously focusing on winning and retaining the customers with unmatched services. Our recently launched, 'Value Club' is a vital step in the same direction."