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V2 Retail Limited — Earnings Release 2026
May 28, 2026
62630_rns_2026-05-28_3d928e85-6b85-4760-bb49-9e068310760c.pdf
Earnings Release
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V2 Value& Variety
V2 Retail Limited
28th May, 2026
BSE Ltd.
Corporate Relation Department,
Listing Department,
Rotunda Building, PJ Towers,
Dalal Street, Mumbai – 400 023.
Scrip Code: 532867
National Stock Exchange of India Ltd.
Listing Department
Exchange Plaza, C-1, Block- G,
Bandra Kurla Complex
Bandra (East) Mumbai–400 051
NSE Symbol: V2RETAIL
Sub: Press Release on Audited Standalone & Consolidated Financial Results for the 4th quarter and year ended on March 31, 2026
Dear Sir/Madam,
Please find enclosed herewith Press Release on Audited Standalone & Consolidated Financial Results for the 4th quarter and year ended on March 31, 2026.
Kindly take the same on your record.
Thanking you,
YOURS FAITHFULLY,
FOR V2 RETAIL LIMITED
SHIVAM AGGARWAL
SHP the director of Group of Trustees of the V2 Retail Limited
Shivam Aggarwal
Chief Executive Officer of V2 Retail Limited
The Director General of Group of Trustees of V2 Retail Limited
The Secretary of V2 Retail Limited
The Director of V2 Retail Limited
The Director of V2 Retail Limited
SHIVAM AGGARWAL
COMPANY SECRETARY & COMPLIANCE OFFICER
MEM. NO. A55785
Encl.: As above
Reg. off.: Khasra No. 928, Extended Lal Dora Abadi Village Kapashera, Tehsil Vasant Vihar, South West Delhi, Delhi-110037
Corporate Off.: 2nd Floor, 13, Sub. Major Laxmi Chand Rd, Maruti Udyog, Sector 18, Gurugram, Sarhol, Haryana 122015
E-mail: [email protected] Website: www.v2retail.com
CIN: L74999DL2001PLC147724 Tel.: 011-41771850
V2
Value & Variety
Results Release – Q4 & FY26
SUSTAINED HIGH GROWTH, IMPROVED MARGINS
Sustained Revenue Growth in excess of 60% for 2 consecutive years.
Improved Operating Performance: EBITDA Climbs 77% YoY to ₹455 Cr in FY26
Net Profit Surges 125% YoY to ₹162 Cr in FY26
PSF for FY26 at ₹ 925 per month
New Delhi, May 28, 2026: V2 Retail Limited (V2 Retail), one of India's leading and fastest growing Value Retail Company, with 325 stores spread across 25 states and 1 Union Territory announced its Financial Results for the quarter and year ended March 31, 2026.
Consolidated Financial Performance at a Glance:
| Particulars (₹ in Cr) | Q4 FY26 | Q4 FY25 | Y-O-Y | Q3 FY26 | FY26 | FY25 | Y-O-Y |
|---|---|---|---|---|---|---|---|
| Revenue | 797.0 | 498.5 | 60% | 929.2 | 3,067.1 | 1,884.5 | 63% |
| COGS | 555.6 | 360.8 | 627.8 | 2,139.9 | 1,333.2 | ||
| Gross Profit | 241.4 | 137.7 | 75% | 301.3 | 927.1 | 551.3 | 68% |
| GP Margin (%) | 30.3% | 27.6% | 32.4% | 30.2% | 29.3% | ||
| EBIDTA | 109.1 | 57.8 | 89% | 173.7 | 455.5 | 257.8 | 77% |
| EBIDTA Margin (%) | 13.7% | 11.6% | 18.7% | 14.9% | 13.7% | ||
| Profit / (Loss) After Tax | 17.5 | 6.4 | 172% | 102.7 | 162.1 | 72.0 | 125% |
Performance highlights for Q4 FY26
- Revenue from operations stood at ₹ 797 crores, registering a growth of 60% on Y-O-Y basis. Gross Margin stood at 30.3% for Q4 FY26 as compared to 27.6% for Q4 FY25.
- EBIDTA for Q4 FY26 stood at ₹109.1 crores as compared to ₹ 57.5 crores in Q4 FY25, registering a growth of 89% on Y-O-Y basis. EBIDTA margin stood at 13.7% for Q4 FY26 as compared to 11.6% for Q4 FY25.
- PAT for the Q4 FY26 stood at record ₹ 17.5 crores as compared to ₹ 6.4 crores in Q4 FY25, registering a growth of 172% on Y-O-Y basis.
Key Updates for Q4 FY26:
- As on March 31, 2026, the Company operates 325 stores with a total retail area of ~35.35 lac Sq. Ft. The Company opened 33 stores and closed 1 store in Q4 FY26.
- Same Stores Sales Growth SSSG for Q4 FY26 stood at ~7.7%.
- Robust volume growth of 53% in Q4FY26. The full price sales contributed 89% in Q4FY26.
V2 Value & Variety
Performance highlights for FY26
- Revenue from operations stood at ₹ 3,067 crores, registering a growth of 63% on Y-O-Y basis. Gross Margin stood at 30.2% for FY26 as compared to 29.3% for FY25.
- EBIDTA for FY26 stood at ₹ 455 crores as compared to ₹ 258 crores in FY25, registering a growth of 77% on Y-O-Y basis. EBIDTA margin stood at 14.9% for FY26 as compared to 13.7% for FY25.
- PAT for the FY26 stood at record ₹ 162 crores as compared to ₹ 72 crores in FY25, registering a growth of 125% on Y-O-Y basis.
Key Updates for FY26:
- As on March 31, 2025, the Company operates 325 stores with a total retail area of ~35.35 lac Sq. Ft. The Company opened 139 stores & closed 3 stores in FY26.
- Same Stores Sales Growth SSSG for FY26 stood at ~8.6%.
- Robust volume growth of 47% in FY26. The full price sales contributed 90% in FY26.
- The Company raised ~₹ 400 crores via QIP route from marquee institutional investors.
Commenting on the results and performance, Mr. Ram Chandra Agarwal, Chairman & Managing Director said: "The Company has delivered exceptional momentum, achieving revenue growth exceeding 60% over the last two financial years, alongside marked improvement in operating performance. This trajectory reflects the strength of our strategy, disciplined execution, and the resilience of consumer demand in India's value fashion segment.
Our investments in analytics-driven merchandising, agile supply chain responsiveness, and operational discipline have amplified efficiency and scalability. Customer engagement remains strong across categories, validating our price-value positioning and dynamic product refresh cycle. Trend-led assortments, uncompromising quality, and competitive pricing continue to drive growth across our expanding store network.
With 136 new stores added in FY26 taking the total store count to 325 and a robust pipeline ahead, we are accelerating geographic coverage through deeper penetration in Tier II and Tier III cities. Localized assortments and store-level execution are strengthening regional alignment and customer loyalty. Importantly, our current store footprint has now crossed 350 stores nationwide, marking a major milestone in our journey.
Looking forward, our priorities remain clear: profitable growth, capital efficiency, and disciplined execution. With sustained revenue momentum and improved operating leverage, every initiative is directed toward one ultimate goal — enhancing long-term shareholder value."
V2 Value & Variety
About V2 Retail Limited:
V2 Retail is among the fastest-growing value fashion retailers in India, with strong brand equity and a loyal customer base across diverse demographic segments. The Company offers a wide portfolio of apparel and lifestyle products, delivering quality fashion at affordable prices under its core philosophy of "Value and Variety".
V2 Retail has established a strong presence across Northern and Eastern India, with a focused strategy to serve the neo-middle-class population in Tier II and Tier III cities. By offering well-curated, trend-forward assortments at accessible price points, the Company continues to address the evolving needs of India's aspirational consumers.
| Investor Relation Advisors | Company |
|---|---|
| Marathon Capital Advisory Private Limited | |
| Rahul Porwal - [email protected] | |
| Amit Porwal - [email protected] | |
| Mo.: +91-9967576900 / 9819773905 | |
| Tel No: +91-22-40030610 / +91 9967576900 | |
| www.marathoncapital.in | V2 Retail Limited |
| Mr. Shivam Aggarwal | |
| (Company Secretary & Compliance Officer) | |
| V2 Retail Limited | |
| Tel: +91-11-41771850 | |
| Email: [email protected] |