Vasa Denticity (NSE: DENTALKART), India’s fastest-growing dental e-commerce platform, has announced exceptional financial performance for the half-year ended September 30, 2024. The company achieved robust growth across all key metrics, showcasing its strong market presence and operational efficiency.
The company reported a 46.8 per cent year-on-year increase in revenue from operations, which rose to Rs. 113.14 crore compared to Rs. 77.07 crore in H1 FY24. Profit After Tax (PAT) climbed by 39.65 per cent to Rs. 8.77 crore, up from Rs. 6.28 crore in the corresponding period of the previous financial year. EBITDA also saw substantial growth, increasing by 51.29 per cent to Rs. 12.3 crore, with an improved margin of 10.88 per cent compared to 10.55 per cent in H1 FY24. Additionally, Basic Earnings Per Share (EPS) rose from Rs. 4.19 to Rs. 5.48 during this period.
Operationally, the company continued to make significant strides. Total order volumes reached 2.61 lakh orders, reflecting a 29 per cent increase from 2.02 lakh orders in H1 FY24. Monthly Average Users (MAU) surged by 48 per cent to 335,000, compared to 227,000 in the same period last year. Furthermore, the Average Order Value (AOV) increased to Rs. 4269, up from Rs. 3804, highlighting enhanced customer engagement and spending patterns.
Commenting on the results, Dr. Vikas Agarwal, Managing Director of Vasa Denticity, stated, “In H1 FY25, our revenue reached Rs. 113.14 crore, marking a 46.8 per cent year-on-year growth. Our PAT grew by 39.65 per cent, driven by increasing demand and our efficient scaling efforts. With 2.61 lakh orders in the period, we see a clear indication of growing market trust and engagement."
Dr. Agarwal further emphasised the strategic importance of integrating Smileworks ., which has strengthened the company’s product portfolio and manufacturing capabilities. “The dental care market in India continues to evolve with increased digital adoption and awareness. Our integration of Smileworks aligns with our vision to innovate and expand in this rapidly growing sector,” he added.
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