V2 Retail Ltd

V2 Retail Q1 FY26: 52% Revenue Surge & Strategic Expansion 🚀

- Revenue up 52% YoY to ₹632.2 Cr (consolidated) and ₹629.7 Cr (standalone).

- 216 stores operational (~23.49L sq.ft), adding 28 and closing 1 in Q1.

- Same-store sales growth: 5% (reported), 10% (normalized).

- Sales per sq.ft dipped to ₹960 (from ₹1,061 YoY).

- MRP sales contribution: 92% (vs. 93% YoY).

- Volume growth: 50% YoY; ASP up to ₹303 (from ₹260), ABV to ₹901 (from ₹824).

- EBITDA rose 57% YoY to ₹87.2 Cr; margin improved to 13.8% (from 13.4%).

- PAT grew 51% YoY to ₹24.7 Cr (3.9% margin); standalone PAT surged 75% to ₹27.7 Cr.

- Revenue mix: Men’s Wear 41%, Ladies Wear 29%, Kids Wear 24%, Lifestyle 6%.

- Net working capital days improved to 34 (from 37).

- Focus on Tier-II/III markets with 'Value & Variety' strategy for middle-class segments.