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

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.

V2 Retail Limited , a prominent player in the Indian retail sector, has successfully completed a Qualified Institutional Placement (QIP), raising ₹399.99 crore by allotting 18.74 lakh equity shares to institutional investors. The company has also reported significant revenue growth, expanding its store network across the country.

QIP Details

V2 Retail's Fund Raising Committee approved the issuance and allotment of 18,74,414 equity shares at ₹2,134 per share, which includes a premium of ₹2,124 per share. The issue price represents a 4.98% discount to the floor price, as determined by SEBI regulations.

Key highlights of the QIP:

Major Allotments

The QIP saw participation from several institutional investors, with significant allocations as follows:

Impact on Share Capital

Following the QIP, V2 Retail's paid-up equity share capital has increased:

Financial Performance

V2 Retail has reported strong financial results:

• Standalone revenue: ₹705 crore, representing 86% year-on-year growth from ₹380 crore
• Same Store Sales Growth: 23.4% year-on-year
• Normalized growth: 10.3% (adjusted for festival timing)

Expansion and Operational Metrics

The company has been actively expanding its retail footprint:

Stock Performance

V2 Retail's shares closed at ₹2,500.00, up 2.06%, reflecting positive investor sentiment following the successful QIP and strong financial results.

The company's strategic expansion and successful capital raise through the QIP position V2 Retail for potential growth in the competitive Indian retail market.