V2 Retail Limited has reported a net profit of ₹1,620.63 crore for the financial year ended March 31, 2026, a significant increase from ₹708.96 crore in the previous year. Revenue from operations surged to ₹30,600.33 crore from ₹18,844.95 crore year-on-year, driven by robust business momentum. The audited financial results were reviewed by the Audit Committee and approved by the Board of Directors on May 28, 2026.

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. Earnings per share (EPS) on a basic basis rose to ₹4.62 from ₹2.05 in the prior year.

Key Developments and Disclosures

The Fund-Raising Committee approved the allotment of 18,74,414 equity shares to Qualified Institutional Buyers at an issue price of ₹2,134 per share, aggregating to ₹3,999.99 crore. Additionally, the company approved a stock split, subdividing the face value of each equity share from ₹10 to ₹1, effective March 26, 2026. Consequently, the total number of equity shares increased to 36,46,37,550.

The statutory auditors, Singhi & Co., issued an unmodified opinion on the audited financial results. However, the auditors drew attention to an advance of ₹128.83 crore outstanding since April 2019, which has been considered recoverable based on the extension of an advertisement contract with Bennett, Coleman and Co. Limited till July 7, 2026. The company also reassessed its lease term estimates, resulting in an exceptional gain of ₹276.89 crore during the year.