Looking online market as an opportunity rather than a threat, said Anand Agarwal, Chief Financial Officer, V-Mart Retail.

Agarwal said the company remains optimistic for the market as whole, both for offline as well as online.

V-Mart Retail plans to add 15-17% to retail operation area year-on-year, he said to CNBC-TV18.

Mumbai-listed value retail chain, V-Mart Retail, reported good operational numbers this quarter.

The company is into selling clothes, accessories and personal care products and has a hypermarket format retail chain, with focus on tier two and three towns.

Currently, the company operates in 14 states and would open stores around the areas they are already present, he said.