Shares of V2 Retail Ltd rallied by nearly 5% to ₹1,724 on January 3 following the company’s announcement of a robust Q3FY25 financial performance. The value retail chain reported a 58% year-on-year (YoY) growth in standalone revenue, reaching ₹591.03 crore compared to ₹373.8 crore in the corresponding quarter of the previous fiscal.
Key Highlights:
- Same Store Sales Growth (SSG): V2 Retail achieved a significant 25% YoY growth in SSG during Q3FY25.
- Expansion: The company opened 21 new outlets in the quarter, increasing its total number of stores to 160 as of December 31, 2024. The retail footprint now spans approximately 17.22 lakh square feet.
- Nine-Month Performance: For the nine months ending December 31, 2024, revenue surged 59% YoY to ₹1,385.19 crore, surpassing the full-year revenue of FY24. The period also saw an SSG of 31%.
- Efficiency Gains: Sales per square foot per month (PSF) improved to ₹1,069 in 9M FY25 from ₹862 in the same period last year.
V2 Retail Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Thu, Jan 2 2025
|
₹1,680.00
|
₹1,646.55
|
-2.24%
|
|
Wed, Jan 1 2025
|
₹1,708.00
|
₹1,684.35
|
-0.74%
|
|
Tue, Dec 31 2024
|
₹1,630.00
|
₹1,696.95
|
|
|
Mon, Dec 30 2024
|
₹1,600.05
|
₹1,635.00
|
|
|
Fri, Dec 27 2024
|
₹1,650.00
|
₹1,626.85
|
|
|
Thu, Dec 26 2024
|
₹1,619.10
|
₹1,625.55
|
|
|
Tue, Dec 24 2024
|
₹1,599.00
|
₹1,603.40
|
|
|
Mon, Dec 23 2024
|
₹1,502.00
|
₹1,585.35
|
|
Expansion and Presence:
During 9M FY25, V2 Retail opened 45 new stores while closing two, demonstrating its strategic focus on expansion. The company now operates in 18 states with 128 stores in cities like Patna, Varanasi, Guwahati, Itanagar, and Bhubaneswar, enhancing its penetration into smaller towns and cities.
This strong performance, coupled with its ongoing expansion strategy, has positioned V2 Retail as a key player in the value retail segment, further boosting investor confidence.
