Vasa Denticity Reports 40% Revenue Growth in FY24 and Expands Warehousing Capabilities

Dr Vikas Agarwal-CEO-Founder-DentalKart
  • Vasa Denticity Limited (NSE:Dentalkart) has recently conducted its 8th AGM
  • The company highlighted significant financial performance through the AGM

October 2024: Vasa Denticity Limited (NSE:Dentalkart) has demonstrated stable financial performance across financial and operational parameters, marking a milestone in its growth journey. 

Vasa Denticity has announced consistent revenue growth with a 40% surge in its total revenue, from INR 123.3 Cr. recorded in FY23 to closing FY24 at INR 173.32 Cr. Additionally, the company has improved EBIT margins by 2.2 percentage points to 10%, over the last year. 

Fiscal 2024’s key highlights

  • EBITA margin stood at 11.92% in FY24; improved from 8.83% in FY23;
  • A 23% year-on-year increase in unique customer base, from 73542 in FY23 to 90389 in FY24;
  • An upsurge of 36% YOY in order growth from 316748 in FY23 and 430574 in FY24;
  • Average revenue per order recorded at INR. 4030 in FY24;

Over the last three years, Vasa Denticity has grown earnings per share (EPS) at an impressive rate. The EPS soared from INR 5.92 to INR 9.73, over the last year, recording a gain of 64% in the fiscal. 

Exhibiting optimism about the company’s financial performance, Dr. Vikas Agarwal, Managing Director of Dentalkart said, “This year has been instrumental for us in showcasing our capacity to deliver strong results even in a competitive landscape. Our innovation-focused approach, customer-centricity, and operational excellence have allowed us to sustain our momentum.”

In the FY24 fiscal, the company also expanded its warehousing space to embark on an upward growth trajectory. This indicates higher product demand, broader product offerings, and enhanced supply chain optimization.

“Larger warehousing capacity supports effective inventory management, allowing for better stocking levels and reducing the risk of stockouts. As we focus on serving a wider geographic area, the expanded warehousing space is crucial for meeting logistical needs and supporting growth,” he added

The company has invested in automating its warehousing systems which has further increased storage capacity and operational efficiency. Its state-of-the-art warehouses are strategically located in Gurgaon, Bangalore, Delhi, Mumbai, Kolkata, Nagpur, and Guwahati to ensure distribution across the country.

About DentalKart

Dentalkart Proudly Stands As India’s Foremost Online Hub For Dental Shopping, Boasting An Extensive Selection Of Over 22,000+ Products. Our Overarching Vision Is To Pioneer The Most Reliable And Seamless Commerce Platform In India, Delivering Transformative Experiences For Both Buyers And Sellers Alike.

With Swift Delivery Services Reaching Even The Most Remote Regions, Dentalkart Has Emerged As The Preferred Choice For Hundreds Of Thousands Of Dentists Across The Nation.

Disclaimer:- This story has not been edited by SugerMint staff and provided by the agency. SugerMint will not be responsible in any way for the content of this story.

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