Vasa Denticity Posts 40 % Growth, Expands Warehousing

Vasa Denticity (NSE: Dentalkart) has unveiled remarkable financial performance, reflecting strong growth across key parameters for the fiscal year 2024. 

In a press statement on Tuesday, the company informed that it reported a 40 per cent rise in total revenue, reaching Rs 173.32 crore, up from Rs 123.3 crore in FY23. Additionally, Vasa Denticity improved its EBITDA margins by 2.2 percentage points, raising it to 10 per cent over the past year.

The fiscal year 2024 saw the company achieve notable milestones. The EBITDA margin increased to 11.92 per cent, up from 8.83 per cent in FY23. Vasa Denticity also reported a 23 per cent year-on-year rise in its unique customer base, growing from 73,542 in FY23 to 90,389 in FY24. Similarly, order growth surged by 36 per cent year-on-year, climbing from 316,748 orders in FY23 to 430,574 orders in FY24. The average revenue per order recorded for FY24 stood at Rs 4,030.

Over the past three years, Vasa Denticity has made significant progress in increasing its earnings per share (EPS). The EPS grew by 64 per cent, reaching Rs 9.73 in FY24, up from Rs 5.92 in the previous year. This strong financial performance underlines the company’s steady growth trajectory.

Commenting on the company’s achievements, Dr. Vikas Agarwal, Managing Director of Dentalkart, expressed optimism about the results. He said, “This year has been instrumental 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 FY24, Vasa Denticity expanded its warehousing space as part of its broader growth strategy, highlighting increased product demand and an expanded range of offerings. Dr. Agarwal emphasised the importance of this expansion, stating, “Larger warehousing capacity supports effective inventory management, reducing the risk of stockouts. As we expand geographically, this capacity is crucial for meeting logistical needs."

The company has also invested in automating its warehousing systems, enhancing both storage capacity and operational efficiency. These state-of-the-art warehouses are strategically located in Gurgaon, Bangalore, Delhi, Mumbai, Kolkata, Nagpur, and Guwahati, ensuring seamless nationwide distribution.