V2 Retail reported a strong Q3 FY26, with revenue increasing by 57% year-over-year to ₹929 crore. The company’s net profit surged by 99% to ₹102.1 crore, surpassing the record full-year FY25 profit. For the nine-month period, net profit reached ₹144 crore. The company operates 294 stores across 25 states.
Financial Performance Highlights
V2 Retail announced impressive financial results for Q3 FY26:
- Revenue: ₹929.2 crore, a 57% increase year-over-year.
- Gross Profit: ₹301.3 crore, with a margin of 32.4%.
- EBITDA: ₹173.7 crore, up 56% year-over-year, with a margin of 18.7%.
- Net Profit: ₹102.1 crore, a 99% increase year-over-year, surpassing the full-year FY25 profit.
9M FY26 Performance
The company also reported strong results for the nine-month period:
- Revenue: ₹2,270.0 crore, a 64% increase year-over-year.
- EBITDA: ₹346.4 crore, up 73% year-over-year.
- Net Profit: ₹144.0 crore, a 119% increase year-over-year.
Key Business Updates
- As of December 31, 2025, V2 Retail operates 294 stores, with a total retail area of approximately 31.93 lac sq. ft.
- The company opened 35 stores during Q3 FY26 and 106 stores during 9M FY26.
- Same Store Sales Growth (SSSG) for the quarter was approximately -2%, while Normalized SSSG was approximately 12.8%. The SSSG for 9M FY26 was approximately -8.6%.
- Full price sales contributed 92% in both Q3 and 9M FY26.
Management Commentary
Mr. Ram Chandra Agarwal, Chairman & Managing Director, noted the favorable operating conditions and sustained consumer demand. He emphasized the company’s focus on disciplined expansion, efficient inventory deployment, and sustainable operating performance, with an emphasis on enhancing shareholder value.
Source: BSE
