V2 Retail Limited announced its Q3 and 9M FY26 results, showcasing significant growth. Revenue for Q3FY26 reached ₹929.2 Cr, a 57% increase year-over-year. The company’s 9M FY26 revenue stood at ₹2,270 Cr, reflecting a 64% growth. The strong performance is attributed to affordable, high-quality fashion offerings and strategic operational efficiencies.
Financial Performance Highlights
V2 Retail Limited reported robust financial results for Q3 and the nine months of FY26.
- Revenue: Q3FY26 revenue increased by 57% to ₹929.2 Cr. 9M FY26 revenue grew by 64% to ₹2,270 Cr.
- Gross Profit: Q3FY26 saw a 59% increase, reaching ₹301.3 Cr with a margin of 32.4%. For 9M FY26, it rose by 66% to ₹685.7 Cr with a margin of 30.2%.
- EBITDA: Q3FY26 increased by 56% to ₹173.7 Cr, resulting in an 18.7% margin. 9M FY26 saw a 73% increase to ₹346.4 Cr, with a 15.3% margin.
- PAT: Q3FY26 experienced a 99% surge to ₹102.1 Cr, achieving a margin of 10.9%. 9M FY26 increased significantly by 119% to ₹144.0 Cr, yielding a margin of 6.3%.
Operational Performance
The company also shared key operational metrics:
- Same Store Sales Growth (SSG) stood at approximately -2% for Q3FY26, but normalised SSG was 12.8%. Cumulative SSG for Q2 and Q3 stood at 10.4%.
- The number of stores reached 294 by the end of Q3FY26, with 35 new store openings.
- Net Working Capital days stood at 69, primarily due to strengthening creditor payment cycles.
Key Updates
- The company allotted 18,74,414 equity shares to Qualified Institutional Buyers, raising approximately ₹400 crores.
- The company reassessed its lease term estimates for store leases, resulting in an exceptional gain of ₹27.69 crores.
Source: BSE
