V2 Retail Limited Reports Robust Growth and Margin Improvement in FY26 Results

V2 Retail Limited Reports Robust Growth and Margin Improvement in FY26 Results​

V2 Retail Limited, a rapidly expanding value retail company, announced its financial results for the quarter and year ended March 31, 2026. The company reported sustained high growth, with EBITDA climbing 77% year-over-year to ₹ 455 crores in FY26, and net profit surging 125% year-over-year to ₹ 162 crores.

V2 Retail Limited, which operates 325 stores across 25 states and 1 Union Territory, continues to showcase its strong performance in India's value fashion segment.

Consolidated Financial Performance Review​

The company's consolidated financial results illustrate significant growth across key metrics.

Quarterly Performance Highlights (Q4 FY26)​

In the fourth quarter of FY26, the company recorded revenue from operations of ₹ 797 crores, representing a 60% year-over-year growth. The Gross Margin for Q4 FY26 stood at 30.3%, an increase from 27.6% reported in Q4 FY25.

Key operational metrics for the quarter included:

• EBIDTA was ₹ 109.1 crores, up 89% year-over-year from ₹ 57.8 crores in Q4 FY25. The EBIDTA margin was 13.7%, compared to 11.6% in Q4 FY25.
• Profit After Tax (PAT) for Q4 FY26 was a record ₹ 17.5 crores, marking a 172% year-over-year increase from ₹ 6.4 crores.

The operational update for Q4 FY26 noted that the company operated 325 stores with a total retail area of approximately 35.35 lac Sq. Ft. During the quarter, the company opened 33 stores and closed 1 store. Same Stores Sales Growth (SSSG) for Q4 FY26 stood at approximately 7.7%.

Full Year Performance Highlights (FY26)​

For the full fiscal year 2026, the company’s revenue from operations was ₹ 3,067 crores, showing a 63% year-over-year growth. The Gross Margin stabilized at 30.2% for FY26, up from 29.3% in FY25.

The full-year results reflected substantial improvement in operating efficiency:

• EBIDTA reached ₹ 455.5 crores, an increase of 77% year-over-year from ₹ 257.8 crores in FY25. The corresponding margin was 14.9% (up from 13.7%).
• PAT for FY26 was a record ₹ 162.1 crores, registering a 125% growth compared to ₹ 72.0 crores in FY25.

Operationally, the company reported that as of March 31, 2026, it maintained 325 stores with a total retail area of ~ 35.35 lac Sq. Ft. The company opened 139 stores and closed 3 stores during FY26. Same Stores Sales Growth (SSSG) for FY26 was approximately 8.6%. Volume growth for the year was robust at 47%, with full price sales contributing 90% of the revenue.

Management Commentary​

Commenting on the performance, Mr. Ram Chandra Agarwal, Chairman & Managing Director, highlighted that the company has achieved "exceptional momentum," with revenue growth exceeding 60% over the last two financial years, alongside marked improvement in operating performance.

Mr. Agarwal attributed this trajectory to the strength of the company’s strategy, disciplined execution, and the resilience of consumer demand within India’s value fashion segment. He stated that investments in analytics-driven merchandising, agile supply chain responsiveness, and operational discipline have amplified efficiency and scalability.

He noted that the company added 136 new stores in FY26, bringing the total store count to 325, and that the store footprint has now crossed 350 stores nationwide. Looking ahead, the company aims to focus on profitable growth, capital efficiency, and disciplined execution to enhance long-term shareholder value.

V2RETAIL Stock Price Movement​

On Wednesday, V2 Retail Limited shares slipped by 2.15% to settle at ₹236.05. The stock shed ₹5.13 against a day's trade that processed 1.15 million shares, reaching a low of ₹230.55.