V2 Retail has achieved a significant milestone by opening its 300th store, as announced through an official regulatory filing under Regulation 30 of SEBI Listing Regulations. The company has demonstrated remarkable growth momentum by launching 111 new stores (net) during the current financial year, marking a substantial expansion in its retail network.

Official Milestone Announcement

The company formally communicated this achievement to stock exchanges on January 16, 2026, highlighting the successful opening of its 300th store. This milestone represents years of strategic planning and execution in the competitive retail landscape, reflecting the strength of the company's vision and operational capabilities.

Growth Strategy and Performance

V2 Retail's aggressive expansion strategy has resulted in the addition of 111 new stores during the current financial year, demonstrating the company's commitment to increasing its retail footprint across different markets. The company emphasized that this achievement reflects their team's unwavering dedication, tireless efforts, and collaborative spirit.

The substantial number of new store openings in a single financial year indicates strong operational capabilities and market confidence. The company's ability to execute such rapid expansion while maintaining growth momentum showcases its strategic planning and execution excellence.

Market Position and Outlook

The milestone of reaching 300 stores positions V2 Retail as a significant player in the retail sector. The company stated that they are not just expanding their footprint but building a trusted brand that resonates with customers and fosters a culture of excellence.

With a focus on customer trust and operational excellence, V2 Retail appears well-positioned for continued growth and success. The company acknowledged the invaluable support of customers, partners, employees, and stakeholders in helping reach this landmark achievement and enhance value for all stakeholders.

V2 Retail delivered exceptional financial performance in Q3 FY26, showcasing the strength and scalability of its value-fashion retail model. The company's robust growth trajectory continued with impressive revenue expansion and strong same store sales performance.

Financial Performance Highlights

The company's standalone revenue performance demonstrated remarkable growth momentum during the quarter:

The 57% year-on-year revenue growth was achieved on an already high base from FY25, highlighting the company's ability to maintain strong expansion momentum. This sustained high-double-digit revenue growth underscores the effectiveness of V2 Retail's business strategy and market positioning.

Same Store Sales Growth Analysis

The company's same store sales growth (SSSG) performance reflected both seasonal factors and underlying business strength. V2 Retail achieved a normalized SSSG of 12.8% when adjusted for the Durga Puja festival shift from Q3 to Q2 FY26. This adjustment provides a clearer picture of the company's operational performance by accounting for the timing differences in the festive season.

The cumulative performance metrics for the combined Q2 and Q3 FY26 period showed:

Business Model Scalability

The financial results demonstrate the scalability of V2 Retail's value-fashion model, with the company successfully maintaining growth momentum despite operating from a high base. The sustained performance indicates strong consumer acceptance of the company's product offerings and effective execution of its retail strategy.

The reported SSSG of 2% year-on-year, while lower than the normalized figure, still represents positive growth when considering the impact of festive season timing shifts. The significant difference between reported and normalized SSSG highlights the importance of seasonal factors in retail performance evaluation.