Bengaluru, July 24 -- V-Mart Retail Ltd's net profit nearly tripled year-on-year in the April-June quarter, lifted by cost cuts and improved operational efficiency, even as slow sales at existing stores and weak demand in small cities reflected a broader pressure on consumer spending.

The Kolkata-based value fashion retailer's revenue rose 13% year-on-year to Rs.885 crore in the three months through June, its highest quarterly revenue in over two decades. The performance slightly exceeded Motilal Oswal's analyst estimate of a 12% growth.

V-Mart's net profit surged 177% to Rs.34 crore in the April-June quarter of FY26, despite discretionary demand remaining patchy in the country's small towns.

Sales at older stores grew just 1% from a y...