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 FY26 results with consolidated revenue growing 62.8% to Rs. 3,06,705 lakhs from Rs. 1,88,450 lakhs in FY25. Profit after tax more than doubled to Rs. 16,206 lakhs from Rs. 7,203 lakhs, with EPS at Rs. 4.58 (vs Rs. 2.08). The company raised Rs. 40,000 lakhs via QIP in November 2025, significantly boosting equity. An exceptional gain of Rs. 2,769 lakhs was recorded due to lease term reassessment under Ind AS 116. Auditors issued an unmodified opinion but drew attention to a Rs. 1,288 lakh advance outstanding since 2019 with BCCL. Operating cash flow turned negative at Rs. -9,624 lakhs (standalone) due to inventory buildup of Rs. 64,271 lakhs. Subsidiary V2 Smart Manufacturing reported a loss of Rs. 1,197 lakhs for the year.
The doubling of PAT and 63% revenue growth are positives, but the negative operating cash flow and high inventory levels raise concerns about working capital efficiency. The Rs. 40,000 lakh capital raise provides financial cushion but may dilute earnings per share. The emphasis of matter on BCCL advance warrants monitoring.