Latest news with #V2Retail
Business Standard
31-07-2025
- Business
- Business Standard
V2 Retail consolidated net profit rises 50.92% in the June 2025 quarter
Sales rise 52.33% to Rs 632.22 croreNet profit of V2 Retail rose 50.92% to Rs 24.66 crore in the quarter ended June 2025 as against Rs 16.34 crore during the previous quarter ended June 2024. Sales rose 52.33% to Rs 632.22 crore in the quarter ended June 2025 as against Rs 415.03 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 52 OPM %13.8013.36 -PBDT65.3943.14 52 PBT33.2921.77 53 NP24.6616.34 51 Powered by Capital Market - Live News
Mint
30-07-2025
- Business
- Mint
V2 Retail reports sharp jump in revenue and profit, powered by store expansion
Bengaluru: Value apparel retailer V2 Retail Ltd's net profit jumped in the April-June quarter, driven by sales growth and continued store expansion, even as consumption in India's small towns remained uneven amid weak demand. The company's net profit surged 51% from a year earlier to ₹ 24.7 crore in the three months through June, as expenses rose at a slower pace of 21%, it said in an exchange filing on Wednesday. The higher profit was attributed to revenue growth significantly outpacing costs, helping the company expand margins. The company reported a consolidated revenue of ₹ 632 crore for the April-June period, up 52% year-on-year, marking its highest quarterly revenue since being set up as Vishal Megamart Ltd in 2001. The company sold the 'Vishal' brand in 2011 and rebranded as V2 Retail Ltd. The performance slightly exceeded a Bloomberg analysts' estimate of ₹ 628 crore, as per projections tracked on the terminal. Shares of V2 Retail settled 1.2% higher at ₹ 1,959.55 apiece on the BSE on Wednesday. In a separate filing, V2 Retail said its board has approved a plan to raise up to ₹ 400 crore through the issuance of equity shares or other eligible securities. The funds may be raised via qualified institutional placement (QIP), preferential allotment, or other permissible modes, subject to shareholder and regulatory approvals. Chief executive Akash Agarwal had indicated in a July interview with Mint that the company was exploring fundraising options to support its ongoing store expansion and strengthen its supply chain and backend infrastructure. The company did not disclose growth from existing stores for the quarter. However, it added 26 new outlets during the period across 215 cities in the country, indicating that overall revenue growth was driven largely by network expansion rather than same-store performance. V2 Retail's expansion comes amid intensifying competition in the value fashion segment, particularly across tier-2 and 3 towns. The company is evaluating an upward revision to its FY26 expansion target of 100 stores. It has a strong presence in eastern India, especially in Bihar, Uttar Pradesh and Odisha where rivals like V-Mart are also expanding aggressively. This simultaneous push by major players underscores the rising battle for wallet share among price-sensitive consumers in India's smaller cities. 'Store expansion has clearly driven a large part of V2's topline growth, this quarter around 35% of it is from new stores alone,' said Pratik Prajapati, equity research analyst at Ambit Capital. 'Compared to peers like V-Mart, which added 15 stores and DMart, which added 12, V2 has significantly outpaced them. You'll likely see the full impact of this expansion reflected in the coming quarters, with V2 potentially outperforming its competitors.' Founded by Ram Chandra Agarwal, V2 Retail is one of India's oldest value fashion retailers, catering primarily to middle- and lower-income households in India's small towns. With a strong footprint in North and East India, the company operates a chain of affordable fashion and lifestyle stores offering apparel, footwear, and accessories for the entire family. Over the years, V2 has built a loyal customer base in small towns by focusing on deep discounting, festival-driven promotions, and a wide range of private-label offerings tailored to regional preferences. In an earlier interview with Mint in early July, Akash Agarwal, chief executive officer (CEO) of V2 Retail, had said the company may revise its FY26 expansion guidance upwards from the initial target of 100 stores. 'We are well on track and we've already opened 26 stores this first quarter,' he said, adding that the company is evaluating whether to increase that number based on ongoing performance. Despite the rapid rollout, Agarwal emphasized in the interview that profitability remains central to the company's growth strategy. He said all V2 stores are Ebitda positive. The company has also tightened inventory controls over the past two years, reducing the share of unsold stock older than 12 months from 25% to below 5%. Same-store sales have grown nearly 30% annually over the last two years, said Agarwal, and the company is now targeting annual revenue growth of 40-50%, supported by better throughput and backend improvements. V2 has also been scaling its in-house manufacturing arm, V2 Smart Manufacturing Pvt. Ltd, which contributed ₹ 13.6 crore in revenue during the June quarter. However, the unit posted a net loss of ₹ 1.9 crore due to initial set-up costs.
Business Standard
03-07-2025
- Business
- Business Standard
V2 Retail's revenue climbs 51% YoY in Q1 FY26
V2 Retail 's standalone revenue jumped 51% to Rs 628 crore in Q1 FY26 as against Rs 415 crore posted in Q1 FY25. The said growth underscores the effectiveness of the companys product-first strategy, improved sell-throughs, and deeper market penetration. Same Store Sales Growth (SSSG) stood at 5%, with strong double-digit growth in May and June, offset by a temporary dip in April due to the early Eid shift into Q4 FY25. The sales per square foot stood at Rs 957 in Q1 FY26, demonstrating strong productivity despite a higher mix of new stores. This was driven by sharper merchandising, faster replenishments, and disciplined inventory management. The company added 28 new stores and closed one underperforming location, taking its total store count to 216 and expanding its retail area to 23.48 lakh sq. ft. It stated that the expansion continues to focus on Tier 2 and Tier 3 cities, in line with the companys mission to democratize fashion for emerging India. V2 Retail is one of the fastest-growing retail company in India and enjoys strong brand equity from customers across segments. The company offers a portfolio of products, including apparel and lifestyle products. The companys consolidated net profit jumped 78.9% to Rs 6.44 crore on 68.4% increase in net sales to Rs 498.51 crore in Q4 FY25 over Q4 FY24.
Business Upturn
03-07-2025
- Business
- Business Upturn
V2 Retail shares jump 3% after company reports 51% YoY revenue growth in Q1 FY26
By Aman Shukla Published on July 3, 2025, 09:15 IST Shares of V2 Retail rose over 3% in morning trade on July 3 after the company reported a robust business performance for Q1 FY26, signalling a strong start to the financial year. As of 9:15 AM, the shares were trading 3.08% higher at Rs 1,880.00. The company posted a 51% year-on-year rise in standalone revenue to ₹628 crore in Q1 FY26, up from ₹415 crore in Q1 FY25. This sharp growth reflects the success of V2's product-first strategy, better sell-through, and wider market reach. Same-store sales growth (SSSG) normalised at 10%, with strong double-digit growth seen in May and June, despite an early Eid impact in April. Sales per square foot stood at ₹957, underscoring improved store-level productivity. V2 Retail added 28 new stores during the quarter and closed one underperforming outlet, taking the total store count to 216. The company's retail footprint now spans 23.48 lakh sq. ft, with a continued focus on Tier 2 and Tier 3 cities. Efficient merchandising, quick stock replenishment, and tighter inventory control helped boost margins and operational efficiency. Management reaffirmed confidence in sustaining momentum through FY26, citing innovation, data-led planning, and strong customer loyalty as key growth drivers. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
03-07-2025
- Business
- Business Standard
Stock Alert: V2 Retail, Avenue Supermarts, Baazar Style Retail, RVNL
Securities in F&O Ban: RBL Shares are banned from F&O trading on 3 July 2025. Stock to Watch: V2 Retail standalone revenue stood at Rs 628 crore in Q1 FY26, up 51% compared with Rs 415 crore in Q1 FY25. This growth underscores the effectiveness of its product-first strategy, improved sell-throughs, and deeper market penetration. SSSG for the quarter stood at 5% in Q1 FY26. Baazar Style Retails standalone revenue jumped 37% to Rs 377.7 crore in Q1 FY26, compared with Rs 275.7 crore in Q1 FY25. Total stores increased 40% to 232 in Q1 FY26 as against 166 stores in Q1 FY25. Avenue Supermarts (Dmart)'s revenue jumped 16.19% to Rs 15,932.12 crore in the quarter ended 30th June 2025 compared with Rs 13,711.87 crore in quarter ended 30th June 2024. Rail Vikas Nigam (RVNL) has appointed Chandan Kumar Verma, executive director as chief financial officer (CFO) with effect from 2 July 2025. Nestle India added a new Maggi Noodles production line at Sanand Factory, Gujarat, investing Rs 105 crore in the expansion. Aurobindo Pharma wholly owned step down subsidiary, CuraTeQ Biologics s.r.o has obtained marketing authorization from the European Commission for Dazublys, its trastuzumab biosimilar version.
