V2 Retail Limited Announces Key Appointments and Releases Quarterly Financial Results
V2 Retail Limited has reported outcomes of its Board of Directors meeting held on August 13, 2026. The board approved the unaudited financial results for the quarter ended June 30, 2026, and ratified two key appointments to senior management.The company confirmed that an advance amounting to Rs. 1,206.23 Lakhs outstanding since April 2019 has been considered fully recoverable. This assessment follows the extension of a long-term contract with Bennett, Coleman and Co. Limited (BCCL) until March 31, 2028.
Key Leadership Appointments
The Board of Directors approved the appointment of two senior personnel, based on recommendations from the Nomination and Remuneration Committee:- Mr. Manu Agarwal: He was appointed as President Buying & Merchandising, effective August 13, 2026, and has been designated as Senior Management Personnel. Mr. Agarwal brings approximately 25 years of experience in buying and merchandising, sourcing, and retail strategy, having previously held senior management positions at Aarkey Retail Private Limited.
- Mr. Dinesh Malpani: He was appointed as President Operations, effective August 13, 2026, and is designated as Senior Management Personnel. Mr. Malpani has about 30 years of experience in the retail sector, holding senior leadership roles at Jubilant Retail, Sabka Bazaar, Hiranandani Retail, Mahindra Retail, V2 Retail, and UrDoorStep.com.
Unaudited Financial Results Review
The company released unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. These results were reviewed by the Audit Committee and approved by the Board of Directors.Standalone Financial Highlights (Quarter ending June 30, 2026)
The unaudited financial statements for the first quarter saw total income stand at Rs. 87,031.07 lakhs.| Particulars | Q ended 30 June 2026 (Unaudited) | Q ending March 2026 (Audited) | Y ended 31 March 2026 (Audited) |
|---|---|---|---|
| Total Income | Rs. 87,031.07 lakhs | Rs. 87,165.75 lakhs | Rs. 274,664.91 lakhs |
| Revenue from operations | Rs. 98.78 lakhs | Rs. 369.72 lakhs | Rs. 889.91 lakhs |
| Total expenses | Rs. 94,654.94 lakhs | Rs. 77,618.48 lakhs | Rs. 59,331.58 lakhs |
| Profit before tax and exceptional items | Rs. 5,163.49 lakhs | Rs. 2,565.37 lakhs | Rs. 3,714.56 lakhs |
| Total comprehensive income for the period | Rs. 4,125.20 lakhs | Rs. 1,832.28 lakhs | Rs. 2,728.83 lakhs |
Consolidated Financial Highlights (Quarter ending June 30, 2026)
The consolidated results showed Total income at Rs. 99,818.43 lakhs for the quarter.| Particulars | Q ended 30 June 2026 (Unaudited) | Q ending March 2026 (Audited) | Y ended 31 March 2025 (Audited) |
|---|---|---|---|
| Total income | Rs. 99,818.43 lakhs | Rs. 80,109.95 lakhs | Rs. 307,741.56 lakhs |
| Total expenses | Rs. 6,529.30 lakhs | Rs. 5,958.30 lakhs | Rs. 4636.89 lakhs |
| Profit before tax and exceptional items | Rs. 5,158.64 lakhs | Rs. 2,238.29 lakhs | Rs. 3,329.27 lakhs |
| Total comprehensive income for the period | Rs. 4,120.35 lakhs | Rs. 1,764.13 lakhs | Rs. 242055 lakhs |
The company also noted that during June 2026, it acquired certain inventory and property, plant and equipment pertaining to two stores from Aarkey Retail Private Limited, along with the related lease rights and obligations.
V2RETAIL Stock Price Movement
V2 Retail Limited edged higher today, settling at ₹220.90 after rising 0.49% in post-market trading. The equity experienced significant movement within an intraday range spanning from ₹216.5 to ₹226.7, with roughly 2.8 million shares transacted.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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