V2 Retail Limited - Business Update for Q2 FY26

V2 Retail Limited has announced a robust Q2 performance that underscores the strong momentum building across its business. With an 86% year-on-year revenue growth, we continue to outpace the market while showcasing the scalability and resilience of our model, even against a high comparison base.

Q2 FY26 Highlights - Accelerating Momentum | Positioned for Breakout Growth

1. Strong Revenue Growth

- Standalone revenue stood at ₹ 705 Cr in Q2 FY26, vs. ₹ 380 Cr in Q2 FY25
- YoY growth of 86% delivered on a high base
- Growth driven by focused execution, innovation-led expansion, and deeper market penetration.

2. Same Store Sales Growth (SSSG)

- Reported SSSG: 23.4% YoY
- Normalized SSSG: ~10.3% (adjusted for Durga Puja shift from Q3 to Q2 FY26)
- Supported by advanced, data-led assortment curation and strong sell-through rates.
- Limited markdowns, highlighting resilient consumer demand and disciplined inventory management.

3. Sales Per Square Feet (PSF):

Store productivity remains strong, with monthly Sales Per Square Feet at ₹ 938 despite rapid network expansion into new geographies. This performance highlights the strength of our sharper assortments, faster replenishments capabilities, and enhanced value propositions for customers.

4. Strategic Expansion

We continue our calibrated expansion strategy, adding 43 new stores this quarter, with a clear thrust on Tier 2 and Tier 3 markets-now key drivers of the next consumption wave. As of September 30, 2025, our store count stands at 259 stores with a retail footprint of ~27.94 lakh sq. ft., strengthening our ability to serve an increasingly diverse customer base.

H1 FY26 Highlights:

1. Standalone Revenue from operations grew by 68% to ₹ 1,334.9 Cr for the half year ended September 30, 2025.

2. Same Store Sales Growth (SSSG) of ~13.3% for H1 FY26.

3. Sales per square feet per month (PSF) at ₹ 948 for H1 FY26

4. Net addition of 70 (Seventy) new stores with 1 (One) closure during H1 FY26.

We believe that the solid foundation of FY25, coupled with our encouraging performance in H1 FY26, positions V2 Retail for sustained growth and enduring leadership in the value-fashion segment. With innovation, flawless execution, and customer trust at the core of our strategy, we are excited about the path ahead and remain dedicated to delivering long-term value for all stakeholders.

The Standalone Revenue from operations for quarter and half year ended September 30, 2025 given above is subject to limited review/ audited by the Statutory Auditors of the Company.

Shares of V2 Retail Limited was last trading in BSE at Rs. 2221.30 as compared to the previous close of Rs. 2166.85. The total number of shares traded during the day was 27647 in over 3184 trades.

The stock hit an intraday high of Rs. 2339.70 and intraday low of 2136.55. The net turnover during the day was Rs. 62055705.00.

Source : Equity Bulls

Keywords

V2Retail INE945H01013 BusinessUpdate Q2FY26