V2 Retail Limited has informed the Exchange regarding 'Business Update for Q3 FY26'.
V2RETAIL · price
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Awaiting price reaction for this filing.
V2 Retail reported a strong Q3 FY26 with standalone revenue of ₹927 crore, up 57% year-on-year from ₹591 crore in Q3 FY25. The company achieved a normalized same-store sales growth (SSSG) of about 12.8%, adjusted for the Durga Puja festive season shifting from Q3 to Q2; reported SSSG stood at 2% YoY. Monthly sales per square foot rose to ₹1,032, showing improving productivity of new stores. The retailer added 35 new stores in the quarter, taking the total footprint to 294 stores spanning about 31.93 lakh square feet, with focus on Tier 2 and Tier 3 cities. For the first nine months of FY26, revenue grew 63% to ₹2,262 crore, with 105 net new stores added and SSSG of around 8.6%.
This is a robust business update showing strong top-line growth, healthy store-level economics, and aggressive but disciplined expansion, which should be viewed positively by shareholders. The figures remain subject to statutory audit, so the final reported numbers could vary slightly, but the overall momentum suggests a strong quarter for the stock.