V2 Retail Ltd announces Q4, FY26 results

V2 Retail Limited (V2 Retail), one of India's leading and fastest growing Value Retail Company, with 325 stores spread across 25 states and 1 Union Territory announced its Financial Results for the quarter and year ended March 31, 2026.

Performance highlights for Q4 FY26

- Revenue from operations stood at ₹ 797 crores, registering a growth of 60% on Y-O-Y basis. Gross Margin stood at 30.3% for Q4 FY26 as compared to 27.6% for Q4 FY25.

- EBIDTA for Q4 FY26 stood at ₹109.1 crores as compared to ₹ 57.5 crores in Q4 FY25, registering a growth of 89% on Y-O-Y basis. EBIDTA margin stood at 13.7% for Q4 FY26 as compared to 11.6% for Q4 FY25.

- PAT for the Q4 FY26 stood at record ₹ 17.5 crores as compared to ₹ 6.4 crores in Q4 FY25, registering a growth of 172% on Y-O-Y basis.

Key Updates for Q4 FY26:

- As on March 31, 2026, the Company operates 325 stores with a total retail area of ~35.35 lac Sq. Ft. The Company opened 33 stores and closed 1 store in Q4 FY26.

- Same Stores Sales Growth SSSG for Q4 FY26 stood at ~7.7%.

- Robust volume growth of 53% in Q4FY26. The full price sales contributed 89% in Q4FY26.

Performance highlights for FY26

- Revenue from operations stood at ₹ 3,067 crores, registering a growth of 63% on Y-O-Y basis. Gross Margin stood at 30.2% for FY26 as compared to 29.3% for FY25.

- EBIDTA for FY26 stood at ₹ 455 crores as compared to ₹ 258 crores in FY25, registering a growth of 77% on Y-O-Y basis. EBIDTA margin stood at 14.9% for FY26 as compared to 13.7% for FY25.

- PAT for the FY26 stood at record ₹ 162 crores as compared to ₹ 72 crores in FY25, registering a growth of 125% on Y-O-Y basis.

Key Updates for FY26:

- As on March 31, 2025, the Company operates 325 stores with a total retail area of ~35.35 lac Sq. Ft. The Company opened 139 stores & closed 3 stores in FY26.

- Same Stores Sales Growth SSSG for FY26 stood at ~8.6%.

- Robust volume growth of 47% in FY26. The full price sales contributed 90% in FY26.

- The Company raised ~₹ 400 crores via QIP route from marquee institutional investors.

Commenting on the results and performance, Mr. Ram Chandra Agarwal, Chairman & Managing Director said: "The Company has delivered exceptional momentum, achieving revenue growth exceeding 60% over the last two financial years, alongside marked improvement in operating performance. This trajectory reflects the strength of our strategy, disciplined execution, and the resilience of consumer demand in India's value fashion segment.

Our investments in analytics-driven merchandising, agile supply chain responsiveness, and operational discipline have amplified efficiency and scalability. Customer engagement remains strong across categories, validating our price-value positioning and dynamic product refresh cycle. Trend-led assortments, uncompromising quality, and competitive pricing continue to drive growth across our expanding store network.

With 136 new stores added in FY26 taking the total store count to 325 and a robust pipeline ahead, we are accelerating geographic coverage through deeper penetration in Tier II and Tier III cities. Localized assortments and store-level execution are strengthening regional alignment and customer loyalty. Importantly, our current store footprint has now crossed 350 stores nationwide, marking a major milestone in our journey.

Looking forward, our priorities remain clear: profitable growth, capital efficiency, and disciplined execution. With sustained revenue momentum and improved operating leverage, every initiative is directed toward one ultimate goal - enhancing long-term shareholder value."

Source : Equity Bulls

Keywords

V2Retail Q4FY26 Q4FY2026 FY26 FY2026 ResultUpdate