V2 Retail revenue jumps 63% as store count hits 325
The value fashion retailer doubled its annual profit to ₹162.1 crore after adding 136 stores in FY26.
— 1 earlier story on V2 Retail Ltd. →What's new
- Annual revenue reached ₹3,067.1 crore, up 63% year-on-year.
- Net profit climbed to ₹162.1 crore, more than doubling from the previous year.
- The company added 136 stores, reaching a total network of 325 locations.
Why this matters
V2 Retail is scaling rapidly, using a ₹400 crore QIP to fund an expansion that has pushed its footprint into 25 states. Maintaining 8.6% same-store sales growth while increasing the store count by over 70% is a difficult balance. The company is proving it can grow its top line and its margins simultaneously.
What we're watching
- Whether the pace of store additions continues into FY27.
- Sustainability of the 8.6% same-store sales growth as the network matures.
- Utilization of the ₹400 crore raised via QIP.
The full read
V2 Retail closed FY26 with ₹3,067.1 crore in revenue, a 63% increase reflecting the company's push into the value fashion market. Net profit followed suit, more than doubling to ₹162.1 crore. The growth is not organic alone; the company added 136 new stores during the year, bringing its total footprint to 325 locations. Despite this rapid expansion, same-store sales growth held steady at 8.6%. To fuel this, the company tapped institutional investors for ₹400 crore via a QIP. The numbers are clear. V2 Retail is in a high-growth phase. The next test is whether the company can maintain these same-store metrics as it integrates such a large number of new outlets.
Questions answered
- How much did V2 Retail earn in profit for FY26?
- The company reported a net profit of ₹162.1 crore for the year ended March 31, 2026. This figure is more than double the prior year.
- How many stores does the company operate now?
- V2 Retail operates 325 stores across 25 states and one Union Territory. It added 136 of these locations during the fiscal year.
- What was the same-store sales growth for the period?
- The company maintained same-store sales growth of 8.6% throughout the fiscal year.
- How did the company fund its expansion?
- V2 Retail raised approximately ₹400 crore through a Qualified Institutional Placement to support its growth strategy.
Story so far
All notes on V2RETAIL →- 29 May 2026 · 11:01 AM IST V2 Retail revenue jumps 63% as store count hits 325
- 1d ago V2 Retail's stores now take four years to mature. It's opening 200 more anyway.