The appointment comes as the value fashion retailer reported a net loss of Rs 16.34 crore for the second quarter of FY27, compared with a net loss of Rs 8.87 crore in the corresponding quarter last year.
Before joining V-Mart Retail, Agarwal served as Head of Strategy, Operations and Growth at US Mobile, where he contributed to 82% revenue growth within 14 months and led a customer experience team of more than 350 employees. He has also worked with Kearney and Build Republic.
The company’s revenue from operations increased 18.1% year-on-year to Rs 952.99 crore from Rs 806.87 crore in Q2 FY26. Total expenses rose to Rs 976.37 crore from Rs 823.91 crore in the year-ago period.
EBITDA increased to Rs 86.06 crore during the quarter, compared with Rs 71.51 crore in the corresponding period last year.
For the first half of FY27, revenue from operations grew to Rs 2,041.80 crore from Rs 1,692.09 crore in H1 FY26. Net profit for the six-month period increased to Rs 30.87 crore, compared with Rs 24.73 crore a year earlier.
