Q1 2022 V2 Retail Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to the V2 Retail Limited Q1 FY '22 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Manshu Tandon. Thank you, and over to you, sir.
Yes. Hi, good afternoon, everyone. A very warm welcome to our Q1 FY '22 earnings conference call. I hope you all are staying safe and healthy towards this -- through this unusual and challenging times. Along with me, I have Mr. Akash Agarwal, Whole Time Director and CFO; and our Investor Relations team.
I hope everyone has had an opportunity to look at our results. The presentation and press release have been uploaded on the stock exchanges and our company's website.
So let me start with the key updates. The company opened 1 new store and closed 3 nonprofitable stores during Q1 FY '22. As on June 30, '21, the company operates 93 stores spread across 15 states and 81 cities with a total retail area of 9.8 lakh square feet. The
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