V2 Retail Limited has informed the Exchange regarding a press release dated July 30, 2025, titled "Results Release Q1 FY26".
V2RETAIL · price
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Awaiting price reaction for this filing.
V2 Retail reported strong Q1 FY26 results with revenue from operations growing 52% year-on-year to ₹632.2 crores, driven by volume growth of 50% and 28 new store additions during the quarter. EBITDA jumped 57% YoY to ₹87.2 crores (margin expanding from 13.4% to 13.8%), while net profit surged 51% YoY to ₹24.7 crores from ₹16.3 crores in Q1 FY25. Gross margin improved slightly to 29.5% from 29.0%. Same-store sales growth (SSSG) was 5% for the quarter (10% on a normalized basis), with the company now operating 216 stores across 21 states covering ~23.49 lakh sq. ft. Full-price sales contributed 92% of revenue, indicating strong demand at listed prices rather than discounting.
Strong double-digit growth across revenue, profitability, and store expansion signals robust operational momentum, which is likely to be viewed positively by investors. However, the EBITDA included a ₹2.14 cr one-time drag from a subsidiary's fixed asset sale loss, and the headline SSSG of 5% was weakened by a calendar shift of Eid — worth noting when comparing with peers.