V2 Retail Ltd
NSE:V2RETAIL
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V2 Retail Ltd
NSE:V2RETAIL
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IN |
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OrbusNeich Medical Group Holdings Ltd
HKEX:6929
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HK |
V2 Retail Ltd
V2 Retail Ltd. engages in the retail trade of garments, textiles, and accessories. The company is headquartered in New Delhi, Delhi. The company went IPO on 2007-06-28. The firm is engaged in the business of retail sales of garments, textiles, accessories and consumer durables products in India. The firm carries on the business as trader, dealer, agent, distributor, consignor, consignee, retailer, job work, scourer, spinner, weaver, finisher, dyer, tailor and draper, and cutter of garments. The company is also engaged in the import and export of all garments of men, women and children. The firm is also engaged in the business of retailing of products, such as apparels and household goods. The firm offers a portfolio of products, including apparel and non-apparel. The company sells ready-made and other consumer goods, such as footwear, toys, games, handbags, cosmetics, home furnishing, decor product and sports items. The firm has 97 stores in India. Its brands include One Human, Glamora, Godspeed, ebellia, Herrlich, No War, and Honey Brats. V2 Smart Manufacturing Private Limited is the subsidiary of the Company.
V2 Retail Ltd. engages in the retail trade of garments, textiles, and accessories. The company is headquartered in New Delhi, Delhi. The company went IPO on 2007-06-28. The firm is engaged in the business of retail sales of garments, textiles, accessories and consumer durables products in India. The firm carries on the business as trader, dealer, agent, distributor, consignor, consignee, retailer, job work, scourer, spinner, weaver, finisher, dyer, tailor and draper, and cutter of garments. The company is also engaged in the import and export of all garments of men, women and children. The firm is also engaged in the business of retailing of products, such as apparels and household goods. The firm offers a portfolio of products, including apparel and non-apparel. The company sells ready-made and other consumer goods, such as footwear, toys, games, handbags, cosmetics, home furnishing, decor product and sports items. The firm has 97 stores in India. Its brands include One Human, Glamora, Godspeed, ebellia, Herrlich, No War, and Honey Brats. V2 Smart Manufacturing Private Limited is the subsidiary of the Company.
Revenue Growth: V2 Retail delivered 57% year-on-year revenue growth in Q3 FY '26, significantly outperforming the broader market.
Profitability Surge: Q3 PAT doubled to INR 102 crores, up 99% YoY, and exceeded the full-year PAT of FY '25.
Store Expansion: 35 stores were opened in Q3, with 105 added in the first 9 months, bringing the total to 294 stores (now at 304 as of the call).
Strong SSSG: Same-store sales growth (SSSG) for Q3 was 2%, but normalized for festive timing stood at 12.8%. For 9 months, SSSG was 8.6%.
Capital Raise: The company raised approximately INR 400 crores via QIP, bolstering its ability to expand and support vendors.
Lease Accounting Change: V2 aligned its lease accounting policy with industry peers, reducing variability between pre- and post-Ind AS numbers.
Guidance Maintained: Management reiterated 8–10% SSSG and plans to add 150 new stores next year, targeting 50% revenue growth.
