| Revenue growth | Q2 +28%, H1 +42% YoY (consolidated) |
|---|---|
| Margins | Q2 EBITDA margin 13.3% vs 12.1%; GP margin 31.1% vs 28.0% |
| Demand visibility | Festive campaigns; volume +31% Q2, +43% H1 |
Growth
Q2 gross profit +42%, EBITDA +41%, volume +31%. H1 EBITDA +50%, PAT +43%. Same-store sales fell 14.9% in Q2 (normalised +0.5%) and 3.7% in H1.
Outlook
No explicit guidance given. Opened 49 stores in Q2 (106 in H1) and closed 3 (4 in H1). H1 investing cash outflow ₹150.9 Cr.
Risks
Negative same-store sales in H1 (-3.7%). Net working capital days rose to 88 from 81. Inventory days rose to 146 from 124. Borrowings rose to ₹529 Cr from ₹254 Cr.
Last quarter's promises, checked
Delivered
- Guided GM 29-30% → Q2 GP margin 31.1% (= BEAT)
Partly delivered
- Guided 170-200 stores FY27 → 106 opened H1, 4 closed (= PARTIAL)
- Guided maintain EBITDA margin (Q1 14%) → Q2 13.3% (= PARTIAL)
Missed
- Guided revenue ≥50% → H1 +42%, Q2 +28% (= MISS)
- Guided FY SSSG 8-10% → H1 -3.7%, Q2 -14.9% (= MISS)
- Guided inventory ~90-100 days → 146 days (= MISS)
Investor Presentation filed with BSE, NSE: V2RETAIL. Summary written with AI assistance from the document.
V2 Retail Ltd: key numbers
- Share price
- ₹164.62
- Market cap
- ₹6,003 Cr
- Revenue (annual)
- ₹3,067 Cr
- Net profit (annual)
- ₹162.1 Cr
- P/E (TTM)
- 33.6×Sector 62.3×
- Promoter holding
- 51.43%+0.00% QoQ
- FII holding
- 3.69%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 Results Update
V2 Retail issued a press release on its unaudited Q2 and H1 FY27 results. Revenue rose 42% in H1 to ₹1,902.8 crore, with EBITDA up 50%.
V2 Retail Q2 FY27 Results: Net Profit ₹18.2 Cr, Up 5.8% YoY
V2 Retail Ltd reported revenue from operations of ₹905.6 Cr (+27.8% YoY) and net profit of ₹18.2 Cr (+5.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹18.2 Cr · +5.8% YoY
V2 Retail Board Meeting Date
V2 Retail scheduled a board meeting for November 3, 2026 to consider Q2/H1 unaudited results. The trading window closes from October 1, 2026 until 48 hours after results.
V2 Retail Other Announcement
V2 Retail Limited has submitted its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.
V2 Retail Business Update
V2 Retail reported Q2 FY27 revenue of ₹905 Crore. The company expanded its network to 427 stores with 46.28 lakh sq. ft. of retail footprint.
- Value
- ₹905.0 Cr
- retail footprint
- 46.28 lakh sq. ft.
V2 Retail Promoter Buying (Off-Market)
V2 Retail Limited announced the postponement of an inter-se transfer of 7,000,000 equity shares between promoters. Technical issues and trading window restrictions delayed the planned off-market gift transaction.