| Management target | Revenue 50.0% FY27-FY29 |
|---|
| Revenue growth | 58% YoY revenue growth driven by aggressive store expansion and volume. |
|---|---|
| Margins | Gross margins contracted 90bps to 28.6% due to lower full-price sales. |
| Demand visibility | Strong traction in Tier 2/3 cities; essential nature keeps demand inelastic. |
| Management confidence | Extremely confident, projecting aggressive 50% CAGR growth over three years. |
Growth
Revenue grew 58% YoY to ₹997Cr, driven by a 56% volume surge and 56 net new stores.
Outlook
Management targets 50% Revenue CAGR for next 2-3 years, opening 170-200 stores in FY27.
Risks
Raw material costs expected to rise 4-5% in Q3; inventory remains high at 100 days due to safety stock.
Last quarter's promises, checked
Delivered
- Guided 50% Revenue growth → delivered 58% (= BEAT)
- Guided 136 net store additions in FY26 → delivered 136 (= BEAT)
- Guided 8-10% SSSG → delivered 8.6% (= BEAT)
Partly delivered
- Guided ₹1.2Cr Capex per store → delivered ₹1.22Cr (= PARTIAL)
Missed
- Guided 28-30% Gross Margin → delivered 28.6% (= MISS/Lower end)
- Guided 90-100 days inventory → delivered 100 days (= MISS/Upper limit)
Earnings Call Transcript filed with BSE, NSE: V2RETAIL. Summary written with AI assistance from the document.
V2 Retail Ltd: key numbers
- Share price
- ₹172.19
- Market cap
- ₹6,279 Cr
- Revenue (annual)
- ₹3,067 Cr
- Net profit (annual)
- ₹162.1 Cr
- P/E (TTM)
- 35.1×Sector 66.8×
- Promoter holding
- 51.43%+0.00% QoQ
- FII holding
- 3.11%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from V2 Retail Ltd
All →V2 Retail Credit Rating
India Ratings and Research has upgraded V2 Retail Limited's bank loan facilities to 'IND A'/Positive/'IND A1'. The upgrade reflects 60% year-on-year growth and store network expansion.
- Value
- ₹175.0 Cr
- total stores
- 400.0 stores
V2 Retail Management Change
V2 Retail Limited appointed Mr. Manu Agarwal and Mr. Dinesh Malpani as Presidents of Buying & Merchandising and Operations respectively. Both appointments were effective August 13, 2026.
V2 Retail Results Update
V2 Retail reported a 58% YoY revenue growth to ₹997.2 crore for Q1 FY27. Net profit surged 70% to ₹41.9 crore as the company added 56 stores.
- Value
- ₹997.2 Cr
V2 Retail Investor Presentation: Key Takeaways
V2 Retail reported strong Q1 FY27 performance with 58% YoY revenue growth and 60% EBITDA growth, driven by aggressive store expansion and operational efficiency.
V2 Retail Other Announcement
V2 Retail Limited has appointed M/s SMAM & CO., Chartered Accountants, as the company's Internal Auditors for the financial year 2026-27.
- Execution
- FY 2026-27
V2 Retail Q1 FY27 Results: Net Profit ₹41.9 Cr, Up 69.6% YoY
V2 Retail Ltd reported revenue from operations of ₹997.2 Cr (+57.7% YoY) and net profit of ₹41.9 Cr (+69.6% YoY) for Q1 FY27.
- Key figure
- Net profit ₹41.9 Cr · +69.6% YoY