V2 Retail has announced its financial results for the second quarter and half-year ended September 30, 2026. The company reported a significant 42% year-on-year revenue growth for the half-year, reaching ₹1,902.8 crore. EBITDA saw a 50% increase to ₹259.7 crore, with net profit rising by 43% to ₹60.1 crore for H1 FY27.
V2 Retail Announces Strong H1 FY27 Financial Performance
V2 Retail Limited has released its un-audited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2026. The company showcased robust growth across key financial metrics, underscoring its expanding market presence and operational efficiency.
Consolidated Financial Highlights (H1 FY27 vs H1 FY26)
For the half-year ended September 30, 2027, V2 Retail reported:
- Revenue: Increased by 42% year-on-year to ₹1,902.8 crore, up from ₹1,340.9 crore in the previous year.
- Gross Profit: Grew by 47% to ₹566.4 crore. The Gross Profit Margin improved to 29.8% from 28.7% in H1 FY26.
- EBIDTA: Saw a substantial rise of 50%, reaching ₹259.7 crore compared to ₹172.7 crore in H1 FY26. The EBIDTA margin stood at 13.6%, an improvement from 12.9%.
- Profit After Tax (PAT): Increased by 43% to ₹60.1 crore, from ₹41.9 crore in the corresponding period last year.
Quarterly Performance (Q2 FY27 vs Q2 FY26)
In the second quarter of FY27, the company achieved:
- Revenue: Grew by 28% year-on-year to ₹905.6 crore.
- Gross Profit: Increased by 42% to ₹281.3 crore, with GP Margin improving to 31.1% from 28.0%.
- EBIDTA: Rose by 41% to ₹120.3 crore, and the EBIDTA margin improved to 13.3% from 12.1%.
- Profit After Tax (PAT): Was ₹18.2 crore, a 6% increase from ₹17.2 crore in Q2 FY26.
Key Business Updates
As of September 30, 2026, V2 Retail operated 427 stores with a total retail area of approximately 46.3 lac Sq. Ft. During H1 FY27, the company opened 106 stores and closed 4 stores.
The company noted that Same Store Sales Growth (SSSG) for Q2 FY27 was impacted by a timing shift of festive demand to Q3. On a normalized basis, SSSG was positive at 0.5%. Q2 FY27 also saw a strong 31% growth in volumes, with 91% of total sales coming from full-price items.
Mr. Ram Chandra Agarwal, Chairman & Managing Director, commented on the results, highlighting the resilient performance, robust revenue growth of 28%, EBITDA growth of 41%, and expansion in margins despite the festive season timing shift. He emphasized the effectiveness of the company’s disciplined merchandising, pricing, and inventory management strategies.
Source: BSE
