The report along with AGM notice is attached herewith.
V2RETAIL · price
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V2 Retail Limited has submitted the notice for its 24th Annual General Meeting, scheduled for September 5, 2025, via video conferencing, along with its Annual Report for FY 2024-25. The company reported its strongest financial performance to date, with consolidated revenue reaching an all-time high of ₹1,884.5 crore, a 62% jump over the previous year. Profit after tax surged 159% to ₹72 crore, while EBITDA grew 74% to ₹258 crore with margins expanding to 13.7%. Return on equity improved to 23.2%. The retailer added 74 new stores (net), taking the total to 189 stores across 20 states with over 20.27 lakh sq. ft. of retail area. The board has not proposed any dividend for FY25. Post year-end, CEO Manshu Tandon resigned and Akash Agarwal was redesignated as Whole Time Director & CEO.
This is a routine AGM/annual report filing, but it showcases a breakout year with revenue and profits both growing strongly, supported by store expansion and margin improvement. For shareholders, the strong FY25 results and forward guidance of 45-50% revenue growth for FY26 are positive, though no dividend and the auditor's qualification on PPE reconciliation are minor watchpoints.