V2 Retail Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
V2RETAIL · price
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V2 Retail Limited reported strong FY2026 results with standalone revenue from operations growing 62.4% to Rs. 3,06,003.33 lakhs from Rs. 1,88,449.52 lakhs in FY2025. Profit after tax nearly doubled to Rs. 16,333.54 lakhs from Rs. 7,089.58 lakhs, representing 130% growth. The company raised Rs. 39,999.99 lakhs through a Qualified Institutional Placement in November 2025 and completed a stock split (Rs. 10 to Rs. 1 face value) in March 2026. An exceptional gain of Rs. 1,813.92 lakhs was recorded from lease reassessment under Ind AS 116. However, operating cash flow turned negative at Rs. 9,623.51 lakhs due to significant inventory buildup of Rs. 64,270.81 lakhs, despite robust operating profit before working capital of Rs. 50,194.73 lakhs. The subsidiary V2 Smart Manufacturing Private Limited reported a loss of Rs. 1,196.78 lakhs for the year.
Strong revenue and PAT growth indicate solid operational performance, but negative operating cash flow due to inventory investment requires monitoring. The Rs. 1,288.25 lakh advance to BCCL (outstanding since 2019) mentioned in the emphasis of matter is being watched by auditors, though the opinion remains unmodified.