V2 Retail Limited , a prominent player in the Indian retail sector, has taken a significant step towards raising capital through a Qualified Institutional Placement (QIP). The company's Fund-Raising Committee has approved the opening of the QIP issue, setting a floor price of ₹2245.75 per equity share.

Key Details of the QIP

Corporate Actions and Approvals

The QIP initiative follows a series of corporate actions and approvals:

1. Board of Directors' approval on July 30, 2025
2. Shareholders' approval via special resolution on September 5, 2025
3. Fund-Raising Committee meeting on October 30, 2025, which:
   • Adopted the preliminary placement document
   • Authorized the opening of the QIP issue
   • Approved the floor price

Regulatory Compliance

V2 Retail has emphasized its commitment to regulatory compliance:

• The floor price calculation adheres to Regulation 176 of the SEBI ICDR Regulations
• The company may offer a discount of up to 5% on the floor price, as permitted by regulations
• Trading window for company securities has been closed from October 1, 2025, until 48 hours after the determination of the issue price

Implications for Investors

This QIP represents an opportunity for qualified institutional buyers to invest in V2 Retail. The capital raised through this placement could potentially be used for the company's expansion plans, debt reduction, or other strategic initiatives, which may impact the company's future growth trajectory.

Investors should note that while the floor price has been set, the final issue price may be determined later, potentially including a discount of up to 5% as per regulatory allowances.

As V2 Retail moves forward with this capital raising initiative, market participants will be watching for the response from institutional investors and the ultimate success of the QIP, which could influence the company's financial position and market perception in the coming months.

V2 Retail Limited , a prominent player in the value-fashion segment, has reported a stellar performance for the second quarter of fiscal year 2026, marking significant growth and expansion in its retail operations.

Strong Revenue Growth

V2 Retail announced a robust standalone revenue of ₹705.00 crore for Q2 FY26, representing an impressive 86% year-over-year growth compared to ₹380.00 crore in Q2 FY25. This substantial increase in revenue underscores the company's strong market position and effective growth strategies.

Same-Store Sales Growth

The company achieved a remarkable same-store sales growth (SSSG) of 23.40% during the quarter. However, when adjusted for the shift of Durga Puja from Q3 to Q2 FY26, the normalized SSSG stands at approximately 10.30%. This growth is attributed to advanced, data-led assortment curation and strong sell-through rates, indicating resilient consumer demand and disciplined inventory management.

Store Expansion and Retail Footprint

V2 Retail continued its aggressive expansion strategy, adding 43 new stores in Q2 FY26. This expansion brings the company's total store count to 259, with a retail footprint of approximately 27.94 lakh square feet as of September 30, 2025. The expansion strategy focuses on Tier 2 and Tier 3 markets, positioning V2 Retail to capitalize on the next wave of consumption growth in these areas.

Store Productivity

Despite the rapid network expansion, V2 Retail maintained strong store productivity. The company reported monthly sales per square foot of ₹938.00, highlighting the effectiveness of its sharper assortments, faster replenishment capabilities, and enhanced value propositions for customers.

H1 FY26 Performance

For the first half of FY26, V2 Retail's performance remained strong:

• Standalone revenue from operations grew by 68% to ₹1,334.90 crore
• SSSG for H1 FY26 stood at approximately 13.30%
• Sales per square foot per month reached ₹948.00
• Net addition of 70 new stores with 1 closure during H1 FY26

Management Commentary

Shivam Aggarwal, Company Secretary of V2 Retail Limited, stated, "We believe that the solid foundation of FY25, coupled with our encouraging performance in H1 FY26, positions V2 Retail for sustained growth and enduring leadership in the value-fashion segment. With innovation, flawless execution, and customer trust at the core of our strategy, we are excited about the path ahead and remain dedicated to delivering long-term value for all stakeholders."

V2 Retail's impressive Q2 FY26 results demonstrate the company's ability to capitalize on market opportunities and execute its expansion plans effectively. With its focus on innovation and customer-centric approach, V2 Retail appears well-positioned for continued growth in the competitive value-fashion retail sector.