Announced Wed, 2 Sept, 2026 · 13:26 IST
V2 Retail Credit Rating Upgraded to IND A/Positive by India Ratings
V2RETAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹221.91
prior close
₹218.19
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.2+0.0+0.1-1.4-2.5-0.3-0.8-1.3-1.8-3.2-24.3——
Up moveDown movePending
AI summary
India Ratings & Research has upgraded V2 Retail's long-term rating to IND A from IND A- with a Positive outlook, and short-term rating to IND A1 from IND A2+. Upgrade reflects over 60 percent year on year revenue growth to INR30,670 million in FY26, EBITDA margin rising to 14.85 percent, and net leverage improving to 2.2 times. Company now operates 381 stores across tier-2 and smaller cities, adding 136 stores in FY26 and crossing 400 stores in August 2026.
Likely market impact
Positive signal — stronger credit profile lowers future borrowing costs and reflects healthy revenue growth, improved margins, and aggressive store expansion.