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.

V2 Retail , a prominent player in the Indian retail sector, has announced an ambitious expansion plan and revised growth expectations, signaling confidence in the company's future prospects.

Increased Store Opening Target

V2 Retail has raised its store opening target from 100 to 125 stores. This significant increase in the expansion plan suggests that the company is bullish on market opportunities and its ability to capture a larger share of the retail market.

Growth Expectations

The company has expressed optimism about its growth trajectory, indicating that it anticipates surpassing its previous same-store sales growth guidance of 8-10%. This upward revision in expectations points to strong performance in existing stores and potentially favorable market conditions.

Revenue Growth Projections

V2 Retail has set an ambitious target for its overall revenue growth. The company aims to achieve approximately 50% revenue growth, which includes:

• 8-10% same-store sales growth
• Additional growth from new store openings

This projection suggests that V2 Retail expects a substantial contribution from its expanded store network, in addition to improved performance from existing outlets.

Market Implications

The company's aggressive expansion plans and optimistic growth projections may indicate:

1. Strong consumer demand in V2 Retail's target markets
2. Effective operational strategies driving same-store sales growth
3. Confidence in the company's ability to successfully execute its expansion plan

Investors and market observers will likely be watching closely to see how V2 Retail implements its ambitious plans and whether it can meet these heightened growth expectations in the coming periods.