ALFA Finder| Management target | Revenue 50.0% FY27-FY29 |
|---|
| Revenue growth | 58% YoY revenue growth driven by aggressive store expansion and volume. |
|---|---|
| Margins | Gross margins contracted 90bps to 28.6% due to lower full-price sales. |
| Demand visibility | Strong traction in Tier 2/3 cities; essential nature keeps demand inelastic. |
| Management confidence | Extremely confident, projecting aggressive 50% CAGR growth over three years. |
Growth
Revenue grew 58% YoY to ₹997Cr, driven by a 56% volume surge and 56 net new stores.
Outlook
Management targets 50% Revenue CAGR for next 2-3 years, opening 170-200 stores in FY27.
Risks
Raw material costs expected to rise 4-5% in Q3; inventory remains high at 100 days due to safety stock.
Last quarter's promises, checked
Delivered
- Guided 50% Revenue growth → delivered 58% (= BEAT)
- Guided 136 net store additions in FY26 → delivered 136 (= BEAT)
- Guided 8-10% SSSG → delivered 8.6% (= BEAT)
Partly delivered
- Guided ₹1.2Cr Capex per store → delivered ₹1.22Cr (= PARTIAL)
Missed
- Guided 28-30% Gross Margin → delivered 28.6% (= MISS/Lower end)
- Guided 90-100 days inventory → delivered 100 days (= MISS/Upper limit)
Earnings Call Transcript filed with BSE, NSE: V2RETAIL. Summary written with AI assistance from the document.
V2 Retail Ltd: key numbers
- Share price
- ₹190.40
- Market cap
- ₹6,943 Cr
- Revenue (annual)
- ₹3,067 Cr
- Net profit (annual)
- ₹162.1 Cr
- P/E (TTM)
- 38.6×Sector 66.2×
- Promoter holding
- 51.43%+0.00% QoQ
- FII holding
- 3.69%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from V2 Retail Ltd
All →V2 Retail Capital Structure Change
Motilal Oswal mutual fund schemes sold 39.21 lakh V2 Retail shares, cutting their holding from 6.00% to 4.92%. The disposal was executed through market transactions on November 6, 2026.
V2 Retail Partnership
V2 Retail signed a long-term exclusive partnership giving Cupid 400 sq ft across 425+ stores and future stores. Products are targeted network-wide by mid-December 2026.
- Execution
- Long-term, with supply targeted across the network by mid-December 2026
V2 Retail Earnings Call Transcript: Key Takeaways
Aggressive store expansion drove 28% revenue growth but suppressed short-term margins and same-store sales due to festive shifts.
- Call
- Guides 50% growth
V2 Retail Results Update
V2 Retail issued a press release on its unaudited Q2 and H1 FY27 results. Revenue rose 42% in H1 to ₹1,902.8 crore, with EBITDA up 50%.
V2 Retail Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue ₹905.6 Cr (+28%), EBITDA ₹120.3 Cr (13.3% margin), PAT ₹18.2 Cr (+6%). H1 revenue ₹1,902.8 Cr (+42%), PAT ₹60.1 Cr (+43%). Store-led expansion continues.
V2 Retail Q2 FY27 Results: Net Profit ₹18.2 Cr, Up 5.8% YoY
V2 Retail Ltd reported revenue from operations of ₹905.6 Cr (+27.8% YoY) and net profit of ₹18.2 Cr (+5.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹18.2 Cr · +5.8% YoY