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V2 Retail Opens 300th Store, Launches 111 New Outlets This Financial Year

V2 Retail has officially announced the opening of its 300th store through a regulatory filing under SEBI Regulation 30, marking a significant milestone in the company's expansion journey. The retail chain has added 111 new stores (net) during the current financial year, demonstrating remarkable growth momentum and strengthening its market presence across multiple locations.

05Jan 26

V2 Retail Posts Strong 57% Revenue Growth in Q3 FY26, Achieves ₹927 Crore Standalone Revenue

V2 Retail reported outstanding Q3 FY26 results with standalone revenue of ₹927 crore, marking 57% YoY growth from ₹591 crore in Q3 FY25. The company achieved 12.8% normalized same store sales growth, adjusted for Durga Puja festival timing shifts. Cumulative SSSG for Q2 and Q3 FY26 reached 10.4% with 68% cumulative sales growth, demonstrating the scalability of its value-fashion retail model.

03Jan 26

V2 Retail Adds 105 New Stores in 9MFY26, Targets Tier 2 and 3 Markets

V2 Retail has successfully added 105 new stores during 9MFY26, demonstrating strong expansion momentum. The company is strategically targeting high-growth Tier 2 and 3 markets across Maharashtra, Punjab, Rajasthan, and South India. This expansion approach reflects the company's focus on capturing emerging market opportunities in India's developing retail landscape.

03Jan 26

V2 Retail Reports 57% YoY Revenue Growth to ₹927 Crores in Q3FY26 with Strong Store Expansion

V2 Retail reported impressive Q3FY26 performance with standalone revenue of ₹927 crores, representing 57% year-on-year growth from ₹591 crores. The company achieved normalized same store sales growth of 12.80% and added 35 new stores during the quarter, bringing total store count to 294 across 31.93 lakh sq ft. With 105 net store additions in 9MFY26, the retailer is aggressively targeting high-growth Tier 2 and Tier 3 markets including Maharashtra, Punjab, Rajasthan, and South India.

19Nov 25

V2 Retail Reports Strong Q2 FY26 Results, Accelerates Store Expansion Plans

V2 Retail Limited announced impressive Q2 FY26 results, with revenue increasing 86% year-on-year to INR 708.60 crores. EBITDA grew 465% to INR 44.40 crores, and PAT surged 3,561% to INR 25.30 crores. The company opened 43 new stores in Q2, reaching a total of 259 stores. V2 Retail has revised its expansion targets, aiming to open 130 stores this fiscal year and 150 in the next. Same-Store Sales Growth for Q2 was 23.40%. The company maintains an EBITDA margin guidance of around 8% for the next 2-3 years despite rapid expansion.

17Nov 25

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

V2 Retail, a key player in Indian retail, has reported a significant financial turnaround in Q2. The company posted a net profit of ₹181.00 million, reversing a loss of ₹25.10 million from the previous year. Revenue surged by 85.5% to ₹7.05 billion, while EBITDA more than doubled to ₹859.00 million. The EBITDA margin expanded by 408 basis points to 12.18%. This performance indicates strong consumer demand and improved operational efficiency.

15Nov 25

V2 Retail Reports Stellar Q2 FY26 Results with 86% Revenue Surge and 990% Profit Growth

V2 Retail Limited announced strong Q2 FY26 results with consolidated revenue up 86% to Rs 708.6 crores. Profit after tax soared 990% to Rs 17.2 crores. EBITDA grew 158% to Rs 85.4 crores with margin expanding to 12.1%. The company opened 43 new stores in Q2, now operating 259 stores across 23 states. Same-store sales growth was 23.4%. Management expressed confidence in the company's strategic direction and growth prospects in India's value fashion market.

04Nov 25

V2 Retail Raises ₹400 Crore Through QIP, Reports Strong Revenue Growth

V2 Retail Limited has completed a Qualified Institutional Placement (QIP), raising ₹399.99 crore by allotting 18.74 lakh equity shares at ₹2,134 per share. The company reported an 86% year-on-year revenue growth to ₹705 crore. V2 Retail expanded its store network, adding 43 new stores during the quarter, bringing the total count to 259 stores across India. The QIP saw participation from major institutional investors, with Motilal Oswal Small Cap Fund and associated funds receiving the largest allocation of 25%. Following the QIP, V2 Retail's paid-up equity share capital increased to ₹3,646.38 lakhs.

03Nov 25

V2 Retail Concludes QIP, Raises ₹400 Crore at ₹2,134 Per Share

V2 Retail Limited has completed a Qualified Institutional Placement (QIP), raising ₹400 crore. The company's Fund-Raising Committee finalized the QIP details on November 3, 2025. The issue price was set at ₹2,134 per share, with 1,874,414 shares allotted to qualified institutional buyers. The QIP, which opened on October 30, 2025, was conducted in compliance with SEBI regulations. This successful fundraising demonstrates investor confidence in V2 Retail's business model and growth prospects in the Indian retail sector.

30Oct 25

V2 Retail Approves QIP with ₹2245.75 Floor Price, Aims to Raise Capital

V2 Retail Limited has initiated a Qualified Institutional Placement (QIP) with a floor price of ₹2245.75 per equity share. The Fund-Raising Committee approved the QIP opening, following board and shareholder approvals. The company may offer up to 5% discount on the floor price. The QIP complies with SEBI ICDR Regulations and the Companies Act, 2013. The trading window for company securities is closed from October 1, 2025, until 48 hours after the issue price determination.

03Oct 25

V2 Retail Surges with 86% Revenue Growth and Aggressive Store Expansion in Q2 FY26

V2 Retail Limited announced strong Q2 FY26 results with standalone revenue of ₹705.00 crore, up 86% year-over-year. Same-store sales growth was 23.40%, or 10.30% when normalized. The company added 43 new stores, bringing the total to 259 with a 27.94 lakh square feet retail footprint. Monthly sales per square foot reached ₹938.00. H1 FY26 saw 68% revenue growth to ₹1,334.90 crore with 70 new store additions. Management expressed confidence in the company's position for sustained growth in the value-fashion segment.

29Sept 25

V2 Retail Raises Store Expansion Target, Expects Higher Revenue Growth

V2 Retail has increased its store opening target from 100 to 125 stores. The company expects to surpass its previous same-store sales growth guidance of 8-10% and aims for approximately 50% overall revenue growth. This growth projection includes 8-10% same-store sales growth plus additional growth from new store openings.

04Aug 25

V2 Retail Reports 52% Revenue Surge, Plans Aggressive Expansion with Potential QIP

V2 Retail Limited reported robust Q1 financial results with revenue up 52% to ₹632.20 crores and net profit increasing 51% to ₹24.70 crores. EBITDA grew 63% to ₹52.50 crores. The company opened 28 new stores, bringing the total to 216, and plans to open 100-120 more stores. V2 Retail announced a potential QIP to fuel growth, aiming for debt-free status and investments in technology and supply chain. The company targets 50% revenue growth, driven by store expansion and 8-10% same-store sales growth. V2 Retail aims to achieve ₹1,200 per square feet sales nationally within three years, expecting an 11% pre-Ind AS EBITDA margin.

30Jul 25

V2 Retail Reports 52% Revenue Surge in Q1, Plans 25+ New Stores

V2 Retail Limited announced strong Q1 results with a 52% year-on-year revenue increase to ₹632.20 crore. EBITDA rose 57% to ₹87.20 crore, and net profit surged 51% to ₹24.70 crore. The company plans to open over 25 new stores and launch private label products. Currently operating 216 stores across 21 states, V2 Retail aims to expand its retail footprint and enhance its value fashion offerings. Same Store Sales Growth was 5%, with a 50% year-on-year volume growth.

30Jul 25

V2 Retail Approves Rs. 400 Crore Fundraising Plan Amid Strong Q1 Performance

V2 Retail Limited has approved a plan to raise up to Rs. 400 crores through various financial instruments. The company reported impressive Q1 results with revenue up 52% to Rs. 632.20 crores, EBITDA up 57% to Rs. 87.20 crores, and net profit up 51% to Rs. 24.70 crores. V2 Retail expanded its footprint to 216 stores across 21 states, opening 28 new stores in Q1. Same-Store Sales Growth was 5%, with volume growth at 50%. The company's strategic expansion and focus on value fashion have positioned it well for future growth in India's retail market.

30Jul 25

V2 Retail Secures Approval for Rs 400 Crore Funding, Reports Strong Q1 FY26 Performance

V2 Retail Limited has received approval to raise funds up to Rs 400 crore. The company reported strong Q1 FY26 results with consolidated revenue increasing 52% year-on-year to Rs 632.22 crore. Net profit rose 51% to Rs 24.66 crore, and EBITDA grew 57% to Rs 87.20 crore. The company operates 216 stores across 21 states, opened 28 new stores in Q1, and achieved 5% same-store sales growth and 50% volume growth.

30Jul 25

V2 Retail Reports Strong Q1 FY26 Results with 52% Revenue Growth

V2 Retail announced strong Q1 FY26 results with revenue up 52% to ₹632.20 crore and net profit increasing 51% to ₹24.70 crore. The company expanded to 216 stores across 165+ cities, opening 28 new stores during the quarter. Same-Store Sales Growth was 5%, with volume growth at 50% year-on-year. The company's revenue mix includes Men's Wear (41%), Ladies Wear (29%), Kids Wear (24%), and Lifestyle products (6%). V2 Retail improved operational efficiency with net working capital days reducing to 34 from 37 in FY25.

26Jul 25

V2 Retail Expands Board Meeting Agenda to Include Fund-Raising Proposal

V2 Retail Limited has expanded the agenda for its board meeting on July 30, 2025, to include a fund-raising proposal. The company will consider raising funds through a Qualified Institutional Placement (QIP) or other appropriate modes. This decision will be subject to board consideration and necessary approvals. The company has informed stock exchanges about this update in compliance with SEBI regulations.

26Jul 25

V2 Retail Expands Board Meeting Agenda to Include Fund-Raising Proposal

V2 Retail Limited has expanded the agenda of its July 30, 2025 board meeting to include consideration of a fund-raising proposal through equity issuance. The company is primarily exploring Qualified Institutional Placement (QIP) but will also evaluate other appropriate modes. This addition to the agenda, which originally focused on financial matters, has been officially communicated to the BSE and NSE in compliance with SEBI regulations.

06Jul 25

V2 Retail Explores QIP for Expansion and Debt Reduction

V2 Retail is considering a Qualified Institutional Placement (QIP) to fund growth and reduce debt. The company aims to increase store openings and boost Pre-Ind AS Ebitda margin to 10% in 2-3 years. V2 Retail plans to unify its labels under 'No Brand Only Fashion' while maintaining its value-driven model without significant price increases.

03Jul 25

V2 Retail Expands Store Network and Reports Strong Q1 Revenue Growth

V2 Retail has expanded its store count to 216, adding 28 new locations primarily in Tier 2 and 3 cities. The company reported Q1 revenue of ₹628.00 crores, marking a 51% year-on-year growth from ₹415.00 crores in the previous year's Q1. This expansion and financial performance indicate successful penetration into new markets and increased consumer demand.

03Jul 25

V2 Retail Reports 5% Same-Store Sales Growth Despite Early Eid Impact

V2 Retail announced a 5% same-store sales growth for the quarter. April saw a temporary decline due to an early Eid shift, but May and June experienced strong double-digit increases in sales, offsetting the April setback. The company demonstrated resilience and adaptability in managing seasonal fluctuations.

29May 25

V2 Retail Unveils Ambitious Growth Strategy and Financial Targets

V2 Retail announces plans to increase private label offerings from 35-40% to 60% by summer 2026 and 80% by 2027. The company reports 43% volume growth and aims to open 100 new stores annually. Financial projections include 40-50% full-year growth, 8-10% same-store sales growth, 8-9% EBITDA margin, and 45-50% revenue growth for FY26 and FY27. Positive PAT expected in all quarters of the upcoming fiscal year.

28May 25

V2 Retail's Q4 Net Profit Surges 73%, Revenue Soars 68%

V2 Retail Ltd announced impressive Q4 financial results, with revenue increasing 68.24% year-over-year to ₹4.98 billion from ₹2.96 billion. Net profit rose 73.13% to ₹67.00 million from ₹38.70 million in the same quarter last year. However, net profit decreased compared to the previous quarter's ₹509.00 million, indicating potential seasonality factors.

27May 25

V2 Retail Reports Robust Q4 Performance with Significant EBITDA and Revenue Growth

V2 Retail announced impressive Q4 financial results, with revenue increasing 68% year-over-year to ₹4.98 billion. EBITDA nearly doubled to ₹573.00 million, and EBITDA margin improved to 11.49%. Net profit grew 73% year-over-year to ₹67.00 million, despite a quarter-over-quarter decrease. The results highlight V2 Retail's expanding market presence and improved operational efficiency.

28Apr 25

V2 Retail CEO Manshu Tandon Resigns, Shares Hit Lower Circuit

V2 Retail Limited's CEO, Manshu Tandon, has resigned effective April 28, 2025, citing personal reasons and entrepreneurial pursuits. The announcement caused the company's shares to fall 5.00% and hit the lower circuit. No successor has been named yet, and the board is expected to begin the search for a new CEO.

02Apr 25

V2 Retail Reports 69% Year-over-Year Revenue Growth in Q4 FY25, 29% Same-Store Sales Growth for FY25

V2 Retail Limited announced impressive financial results for Q4 and FY25. Q4 revenue surged 69% YoY to ₹499.00 crore, with 24% same-store sales growth. FY25 saw a 62% YoY revenue increase to ₹1,885.00 crore, with 29% annual SSG. The company added 74 new stores, expanding to 189 locations. Sales per square feet improved to ₹1,017.00 for FY25. V2 Retail's growth is attributed to product-led transformation, data-driven strategies, and expansion into Tier 2 and 3 cities.