Shares of V2 Retail surged over 6% to Rs 2,493.20 on Monday, November 17, after the value fashion retailer reported a robust set of numbers for the second quarter of FY26. The stock gained Rs 157.10 in early trade as investors reacted positively to the company’s strong revenue growth, improved profitability, and continued expansion across India.
In Q2 FY26, V2 Retail posted a consolidated revenue of Rs 708.6 crore, marking an impressive 86% year-on-year rise from Rs 380 crore in the corresponding quarter last year. The jump reflects stronger customer demand and continued traction in the company’s value-driven fashion portfolio.
Profitability showed an exceptional turnaround during the quarter. Profit after tax (PAT) rose sharply to Rs 17.2 crore, compared to a loss of Rs 1.9 crore in Q2 FY25 — a 990% improvement. The company attributed this to improved operational efficiencies and tighter cost management.
Operational performance also strengthened. EBITDA increased 158% year-on-year to Rs 85.4 crore, while EBITDA margin improved to 12.1% from 8.7% a year ago. V2 Retail continued its aggressive store expansion strategy, operating 259 stores across 23 states and over 195 cities as of September 30, 2025. A total of 43 new stores were opened during the quarter, taking the retail footprint to nearly 27.94 lakh square feet.
The company also reported Same Store Sales Growth (SSSG) of 23.4% for the quarter. After adjusting for the shift of the Durga Puja festive period from Q3 to Q2 this year, normalized SSSG stood at 10.3%.
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