V2 Retail Reports Impressive Q2 Turnaround with ₹181 Million Net Profit

V2 Retail , a prominent player in the Indian retail sector, has reported a remarkable turnaround in its financial performance for the second quarter, showcasing significant improvements across key metrics.

Financial Highlights

Metric	Q2 (Current Year)	Q2 (Previous Year)	Year-on-Year Change
Net Profit	₹181.00 million	₹(25.10) million	Turned Profitable
Revenue	₹7.05 billion	₹3.80 billion	+85.5%
EBITDA	₹859.00 million	₹307.80 million*	+179.1%
EBITDA Margin	12.18%	8.10%	+408 bps

*Previous year EBITDA calculated based on the given margin

Profitability Turnaround

V2 Retail has demonstrated a significant improvement in its bottom line, posting a net profit of ₹181.00 million in the second quarter. This marks a substantial turnaround from the ₹25.10 million loss reported in the same period last year. The company's ability to transition from a loss-making position to profitability indicates effective cost management and improved operational efficiency.

Revenue Growth

The company's top-line performance has been equally impressive, with revenue surging to ₹7.05 billion, up from ₹3.80 billion in the corresponding quarter of the previous year. This represents a robust year-on-year growth of 85.5%, reflecting strong consumer demand and potentially successful expansion strategies.

Operational Performance

V2 Retail's operational performance, as measured by EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), has shown remarkable improvement. The EBITDA more than doubled to ₹859.00 million, compared to an estimated ₹307.80 million in the same quarter last year (based on the provided margin data).

Margin Expansion

The company has also achieved significant margin expansion. The EBITDA margin improved to 12.18% from 8.10% in the previous year, representing an increase of 408 basis points. This margin improvement suggests enhanced operational efficiency and potentially better inventory management or pricing strategies.

The strong financial results across revenue, profitability, and margins indicate that V2 Retail may be successfully navigating the competitive retail landscape in India. The company's ability to significantly improve its performance year-over-year could be attributed to factors such as strategic expansion, improved product mix, or effective cost control measures. However, investors and analysts may want to look out for more detailed information from the company regarding the specific drivers behind this impressive turnaround.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.57%	-1.87%	+5.27%	+24.26%	+90.05%	+3,240.65%

V2 Retail Limited , one of India's leading value fashion retailers, has announced robust financial results for the second quarter of fiscal year 2026, showcasing significant growth across key metrics.

Strong Revenue Growth

The company reported a consolidated revenue of Rs 708.6 crores for Q2 FY26, marking an impressive 86% year-on-year increase from Rs 380.0 crores in Q2 FY25. This substantial growth underscores V2 Retail's expanding market presence and strong customer demand for its value-focused fashion offerings.

Profitability Soars

V2 Retail's bottom line witnessed an extraordinary surge, with profit after tax (PAT) skyrocketing by 990% to Rs 17.2 crores in Q2 FY26, compared to a loss of Rs 1.9 crores in the same quarter last year. This remarkable turnaround reflects the company's improved operational efficiency and effective cost management strategies.

Operational Highlights

EBITDA Performance: The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 158% year-on-year to Rs 85.4 crores, with the EBITDA margin expanding to 12.1% from 8.7% in Q2 FY25.
Store Expansion: As of September 30, 2025, V2 Retail operates 259 stores across 23 states and more than 195 cities, with a total retail area of approximately 27.94 lakh square feet. The company opened 43 new stores during Q2 FY26 alone, indicating an aggressive expansion strategy.
Same-Store Sales Growth: The company reported a robust Same Store Sales Growth (SSSG) of 23.4% for the quarter, with a normalized SSSG of 10.3% after adjusting for the shift of Durga Puja from Q3 to Q2 FY26.

Financial Performance Overview

Metric	Q2 FY26	Q2 FY25	YoY Change
Revenue	708.60	380.00	86%
EBITDA	85.40	33.10	158%
PAT	17.20	(1.90)	990%
EBITDA Margin	12.10%	8.70%	340 bps

Management Commentary

Ram Chandra Agarwal, Chairman & Managing Director of V2 Retail, commented on the results: "Our strong H1 FY26 historical performance has reinforced the resilience of our business model and validated the strategic choices we have made. Building on this solid foundation, we enter the second half of the year with heightened momentum and clarity of direction."

He further added, "Our unwavering commitment to customer-centricity, powered by advanced data analytics, trend-led merchandising, and an agile supply chain continues to uniquely position us to lead the next wave of growth in India's value fashion market."

Future Outlook

With 71 new stores added during H1FY26 and a strong pipeline of upcoming locations, V2 Retail's expansion trajectory remains firmly on course. The company's focus on underserved rural markets, coupled with deeper penetration across Tier I and Tier II cities, is expected to drive continued growth and market share gains in the coming quarters.

V2 Retail's impressive Q2 FY26 results demonstrate the company's strong execution of its growth strategy and its ability to capitalize on the growing demand for value fashion in India. As the company continues to expand its store network and enhance its operational efficiencies, it appears well-positioned to maintain its growth momentum in the competitive Indian retail landscape.