V2RETAIL · price
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Awaiting price reaction for this filing.
V2 Retail has submitted its Business Responsibility & Sustainability Report (BRSR) for FY 2024-25 to the stock exchanges, as required under SEBI LODR Regulation 34(2)(f). The company is a pure-play value fashion retailer operating 189 stores across 20 Indian states, with a wholly owned subsidiary (V2 Smart Manufacturing Pvt Ltd) handling its manufacturing needs. It reported turnover of ₹1,88,449.52 lakhs and net worth of ₹34,629.69 lakhs for the year. V2 Retail employs 6,485 permanent staff (85% male, 15% female), provides health insurance to 18% and accident cover to 82% of employees, and has zero reportable work-related fatalities or injuries. Customer complaints rose to 183 (from 132 in FY24), and accounts payable days increased to 75.52 from 60.60. The company has policies covering all 9 NGRBC principles but has not yet set specific time-bound ESG targets and has not obtained external assurance.
This is a routine regulatory compliance filing, not an operational announcement. It provides investors with the company's sustainability and governance disclosures but is unlikely to move the stock. The rising customer complaints and longer payment cycle may be minor watchpoints, while the lack of formal ESG targets and external assurance suggests V2 Retail is still early in its sustainability journey compared to larger listed peers.