Shares of V2 Retail surged more than 4% on Friday, October 31, trading around ₹2,431 after the value-fashion retailer launched its qualified institutional placement (QIP) issue. The base size of the QIP is ₹300 crore, and it may be upsized to ₹400 crore based on investor demand. According to CNBC-TV18, the indicative price for the issue has been set at ₹2,134 per share, reflecting an 8.2% discount to the current market price.
The stock’s positive momentum also comes on the back of a robust Q2 FY26 performance. V2 Retail reported standalone revenue of ₹705 crore, an 86% year-on-year jump from ₹380 crore in the same period last year. The company attributed the strong growth to disciplined execution, deeper market penetration, and innovation-driven expansion. Same-store sales growth (SSSG) for the quarter stood at 23.4% YoY.
Despite an aggressive expansion strategy, productivity remained solid at ₹938 monthly sales per sq. ft. The company added 43 new stores during the quarter, taking its total store count to 259 across 27.94 lakh sq. ft of retail space, focused largely on Tier-II and Tier-III markets.
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