V2 Retail , a prominent player in the Indian retail sector , announced a significant leadership change as its Chief Executive Officer (CEO), Manshu Tandon, tendered his resignation effective April 28, 2025. The news sent ripples through the market, causing the company's shares to plummet 5.00% and hit the lower circuit.

Resignation Details

According to the company's filing with the stock exchanges, Mr. Tandon cited personal reasons for his departure. In his resignation letter, he expressed his intention to pursue entrepreneurial opportunities, marking the end of his tenure at V2 Retail.

The company's statement read, "Mr. Manshu Tandon has tendered his resignation as the Chief Executive Officer ('Key Managerial Personnel') of the Company vide email dated 28th April, 2025 due to personal reasons. Mr. Manshu Tandon was relieved from the services of the Company with effect from the close of business hours of 28th April, 2025."

Market Reaction

The sudden announcement of the CEO's resignation had an immediate impact on V2 Retail's stock performance:

• Share Price Movement: The company's shares fell by 5.00%
• Circuit Breaker: The stock hit the lower circuit, indicating significant selling pressure

Leadership Transition

As of now, V2 Retail has not named a successor to Mr. Tandon. The company's board, led by Chairman and Managing Director Ram Chandra Agarwal, is expected to initiate the process of finding a new CEO to steer the company forward.

Tandon's Farewell

In his resignation letter, Mr. Tandon expressed gratitude for his time at V2 Retail, stating, "I am grateful for the opportunity to have served as CEO of the Company and for the support and guidance I have received from you and the team. I appreciate the opportunities for growth and development I have experienced during my time here."

He also offered to assist with any handover of responsibilities or training that may be needed, ensuring a smooth transition for the company.

Conclusion

The departure of a key executive like the CEO often creates uncertainty in the market, as reflected in the stock's performance. Investors and industry observers will be keenly watching V2 Retail's next moves, particularly regarding the appointment of a new CEO and any potential changes in the company's strategic direction.

V2 Retail Limited has announced impressive financial results for the fourth quarter and fiscal year 2025, marking a year of strong growth and strategic transformation for the value fashion retailer.

Q4 FY25 Performance Highlights

The company closed the fiscal year on a high note, with several key achievements in the fourth quarter:

• Revenue Surge: Standalone revenue for Q4 FY25 stood at ₹499.00 crore, representing a substantial 69% year-over-year growth compared to ₹296.00 crore in the same quarter of the previous year.
• Same-Store Sales Growth: Q4 FY25 saw a solid 24% SSG, driven by data-backed assortment strategy and a product-first mindset.
• Sales Per Square Feet: Improved to ₹896.00 in Q4 FY25 from ₹830.00 in Q4 FY24, reflecting sharper merchandising and faster inventory turns.
• Expansion: Added 29 new stores in Q4 alone, bringing the total store count to 189.

Robust Same-Store Sales Growth for FY25

V2 Retail reported a remarkable 29% same-store sales growth (SSG) for the fiscal year 2025, demonstrating the company's ability to drive sales in existing stores. This metric, which measures year-over-year growth in sales for stores open for at least one year, indicates strong customer demand and effective merchandising strategies.

FY25 - A Year of Transformation

V2 Retail's full-year results for FY25 showcase the company's successful execution of its growth strategy:

• Annual Revenue: Standalone revenue from operations reached ₹1,885.00 crore, marking a 62% year-over-year increase.
• Network Expansion: Opened 74 new stores throughout the year, expanding the retail footprint to approximately 20.27 lakh sq.ft.
• Sales Per Square Feet: Annual PSF increased to ₹1,017.00, up from ₹854.00 in FY24.

Strategic Focus and Future Outlook

V2 Retail's strong performance can be attributed to several factors:

1. Product-led transformation and agile operations
2. Optimized space planning and SKU rationalization based on analytics
3. Deeper penetration into Tier 2 and Tier 3 cities
4. Improved store experience and efficient supply chain management

The company's management expressed confidence in the strong foundation built during FY25, positioning V2 Retail for sustained growth and leadership in the value fashion space.

Financial Performance Overview

V2 Retail's impressive financial results and strategic initiatives demonstrate the company's strong position in the value fashion retail sector. With its focus on innovation, execution, and customer trust, V2 Retail appears well-positioned for continued growth in the coming years.