V2 Retail has released the audio recording of its earnings call for the quarter ended March 31, 2026 (Q4FY26). The conference call with analysts and investors was conducted through digital means on Friday, May 29, 2026. The disclosure regarding the availability of the recording was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The audio link provides stakeholders access to the management's discussion on the financial performance for Q4FY26. The filing was submitted to both BSE Ltd. and the National Stock Exchange of India Ltd. to ensure broad dissemination of the information.

Access Details

The complete audio recording of the conference call is now hosted on the official website of V2 Retail. Investors and interested parties can listen to the proceedings directly via the provided link.

The filing was signed by Ram Chandra Agarwal, Chairman & Managing Director of V2 Retail.

V2 Retail Limited has reported a net profit of ₹162.1 crore for the financial year ended March 31, 2026, a 125% increase from ₹72 crore in the previous year. Revenue from operations surged to ₹3,067.1 crore from ₹1,884.5 crore year-on-year, driven by robust business momentum and store expansion. EBITDA climbed 77% to ₹455.5 crore, with margins improving to 14.9%. The audited financial results were reviewed by the Audit Committee and approved by the Board of Directors on May 28, 2026. The company also filed an investor presentation for Q4 FY 2025-26 pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

FY26 Financial Performance

The company delivered strong growth across key financial metrics during the year. The following table summarises the annual performance:

The substantial increase in profitability was supported by improved operational efficiency and a significant expansion in the top line. Gross margin for FY26 stood at 30.2%, compared to 29.3% in the prior year.

Q4 FY26 Performance

For the quarter ended March 31, 2026, revenue from operations stood at ₹797 crore, registering a growth of 60% year-on-year. Net profit for the quarter rose 172% to ₹17.5 crore, while EBITDA increased 89% to ₹109.1 crore. The EBITDA margin for Q4 FY26 improved to 13.7% from 11.6% in the corresponding period of the previous year.

Operational Highlights

V2 Retail expanded its footprint significantly during the year. As on March 31, 2026, the company operates 325 stores with a total retail area of approximately 35.35 lac sq. ft. The company opened 139 stores and closed 3 stores in FY26. Same Stores Sales Growth (SSSG) for FY26 stood at approximately 8.6%, with robust volume growth of 47%. Full price sales contributed 90% to the total sales in FY26.

Key Developments

The company raised approximately ₹400 crore via the Qualified Institutional Placement (QIP) route from marquee institutional investors. Commenting on the performance, Ram Chandra Agarwal, Chairman & Managing Director, highlighted the exceptional momentum and revenue growth exceeding 60% over the last two financial years, alongside marked improvement in operating performance.