V2 Retail registers 51% rise in Q1. FY26 net profit

01 August 2025, Mumbai 

Value apparel retailer V2 Retail Ltd's net profit increased by 51 per cent Y-o-Y to Rs 24.7 crore in Q1, FY26 spanning April-June 2025. This rise was driven by sales growth in the company alongwith continued store expansion, even as consumption in India's small towns remained uneven amid weak demand.

The company's expenses rose at a slower pace of 21 per cent. It reported a 52 per cent Y-o-Y growth in consolidated revenue to Rs 632 crore during the April-June period, marking its highest quarterly revenue since being set up as Vishal Megamart 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 Rs 628 crore, as per projections tracked on the terminal.

V2 Retail said its board has approved a plan to raise up to Rs 400 crore through the issuance of equity shares or other eligible securities. The company will use these funds to support ongoing store expansion and strengthen its supply chain and backend infrastructure, says Akash Agarwal, CEO.

During the quarter, the company also added 26 new outlets across 215 cities in the country, indicating that overall revenue growth was driven largely by network expansion rather than same-store performance.

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