V2 Retail Reports Q1 FY27 Results, Showcasing Strong Operational Growth and Market Penetration

V2 Retail Reports Q1 FY27 Results, Showcasing Strong Operational Growth and Market Penetration​

V2 Retail Limited has released its consolidated performance highlights for the first quarter of fiscal year 2026-27 (Q1 FY27), demonstrating significant operational momentum across key metrics. The company's retail network continues to expand in Tier-II and Tier-III cities, supported by robust revenue growth and focused execution on product portfolio management.

Q1 FY27 Operational and Retail Highlights​

The company reported various key operational achievements during the quarter. Same Stores Sales Growth (SSG) stood at approximately 7.5% for Q1 FY27. Volume growth was strong at 56% year-on-year.

As of the end of Q1 FY27, V2 Retail Limited recorded a total store count of 381, having opened 57 new stores and closed 1 during the period. The company maintains an expansive retail area covering approximately 40.7 lakh square feet.

Key performance indicators for the quarter included:

• Average Bill Value (ABV): ₹941 in Q1 FY27, compared to ₹901 in Q1 FY26.
• Sales per Square Feet (PSF) per month: ₹886 in Q1 FY27, down from ₹960 in Q1 FY26.
• Average Selling Price (ASP): ₹308 in Q1 FY27, up from ₹303 in Q1 FY26.
• Working Capital Management: Net Working Capital (NWC) days improved to 74 days against 81 days in FY26.

The revenue mix across product categories was reported as follows: Men's Wear contributed 42%, Ladies Wear 28%, Kids Wear 23%, and Lifestyle accounted for 7%. The company also noted that MRP sales stood at 90% in Q1 FY27, compared to 92% in Q1 FY26.

Consolidated Financial Performance (Q1 FY27)​

V2 Retail reported consolidated financial results for Q1 FY27 reflecting substantial increases across core revenue and profitability metrics.

The company's performance was summarized in the following table:


The company's margins for Q1 FY27 were: Gross Profit Margin at 28.6%, EBIDTA Margin at 14.0%, and PAT Margin at 4.2%.

Historical Financial Trends (Consolidated)​

A look at the past five fiscal years highlights the trajectory of V2 Retail's operations, showing consistent growth in revenue and gross profitability. The following table details key consolidated figures:

Financial Health Metrics​

In terms of financial health, the company's consolidated balance sheet and cash flow statement offer a snapshot of its capital structure and liquidity. As per the figures for FY2026, total assets stood at ₹2,422 Cr, with equity and liabilities totaling the same amount. Current assets totaled ₹1,320 Cr, including Inventories at ₹1,142 Cr.

Key operational parameters for FY26 included Inventory (Days of Sales) at 81 days and Net Working Capital (Days of Sales) at 108 days.

The consolidated cash flow data for the three most recent fiscal years is presented below:

V2RETAIL Stock Price Movement​

Shares of V2 Retail Limited shed ₹2.92 on Thursday, slipping 1.33% in trading as investors reacted to market pressures. The stock traded volumes totaling 4.41 million shares and touched a daily low of ₹216 during the session.