V2 Retail Limited has reported strong financial performance for the second quarter (Q2) of FY25, registering a 64% year-on-year (YoY) growth in standalone revenue from operations, which stood at ₹379.99 crores for the quarter ended September 30, 2024. The company also achieved a Same Store Sales Growth (SSG) of 34% during the quarter, highlighting strong consumer demand and improved operational efficiency.
Key Financial Highlights (Q2 FY25):
- Standalone revenue from operations grew to ₹379.99 crores, up from ₹231.33 crores in Q2 FY24.
- Sales per square feet (PSF) per month increased to ₹904, compared to ₹695 in Q2 FY24, reflecting improved operational performance.
- The company added 14 new stores and closed 2 stores, bringing the total store count to 139 with a total retail area of 14.82 lakh sq. ft..
Half-Year (H1 FY25) Performance:
- Standalone revenue for the first half of FY25 grew by 60% to ₹794.16 crores, with an SSG of 36%.
- PSF for the first half increased to ₹979, compared to ₹746 in H1 FY24.
- V2 Retail opened 24 new stores during H1 FY25 and closed 2 stores, continuing its strategic expansion into key markets.
V2 Retail’s growth demonstrates its strong market presence and focus on expanding into new territories. The company remains committed to further enhancing its operations and customer engagement.
