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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
46 announcements match the current filters (relevance ≥ 5).
58% Revenue Growth in Q1 FY27: V2 Retail reports ₹997 Cr revenue and 57 new store openings
V2 Retail reported a strong Q1 FY27 with standalone revenue reaching ₹997 Cr, a 58% increase compared to ₹630 Cr in Q1 FY26. The company aggressively expanded its footprint by opening 57 new stores during the quarter, bringing the total to 381 stores across 40.7 lakh sq. ft. Same-Store Sales Growth (SSSG) remained healthy at 7.5%, while monthly sales per square foot reached ₹886. This quarterly revenue of ₹997 Cr represents approximately 32.5% of the company's total TTM revenue of ₹3,067 Cr, indicating a significant acceleration in business scale.
Confidence: HIGH
What changedV2 Retail has significantly accelerated its store expansion strategy, opening 57 stores in a single quarter compared to its historical pace, resulting in a 58% YoY revenue jump.
Why it mattersThe massive expansion into Tier 2 and Tier 3 cities validates the company's growth strategy, but the high debt-to-equity ratio of 1.10 means the company must maintain high sales productivity to service its obligations.
Q1 FY27 Standalone Revenue: ₹997 CrYoY Revenue Growth: 58%New Stores Opened: 57Total Retail Area: 40.7 lakh sq. ft.Q1 Revenue vs TTM Revenue: ~32.5%Monthly Sales PSF: ₹886
📅 Short termThe stock is likely to see positive momentum due to the high revenue growth and aggressive expansion figures, which exceed the company's stated 50% growth target.
📈 Long termIf the company successfully matures the 57 new stores while maintaining 7.5% SSSG, it could lead to a significant re-rating, provided the operating leverage offsets the costs of expansion and debt.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High debt-to-equity ratio of 1.10
- Potential margin dilution from a high proportion of new, immature stores
- Intense competition in the value retail segment
Key Highlights
Standalone revenue grew 58% YoY to ₹997 Cr in Q1 FY27 from ₹630 Cr in Q1 FY26.
Aggressive network expansion with 57 new stores opened and only 1 closed during the quarter.
Total retail footprint reached 40.7 lakh sq. ft. across 381 stores as of June 30, 2026.
Delivered a robust 7.5% Same-Store Sales Growth (SSSG) despite a higher base.
Monthly Sales per Square Foot (PSF) reached ₹886, reflecting strong store productivity.
👀 What to Watch
Investors should monitor the upcoming full Q1 FY27 earnings report to see how the aggressive store rollout (17.6% increase in store count in one quarter) impacts operating margins and interest coverage, given the existing debt of ₹995 Cr.
JHS Svendgaard Retail Forfeits ₹7.59 Crore as 60.71 Lakh Warrants Lapse
JHS Svendgaard Retail Ventures Limited has forfeited ₹7.59 crore following the lapse of 60,71,357 fully convertible warrants. These warrants were part of a preferential issue allotted on December 03, 2024, at an issue price of ₹50 per warrant. The forfeiture occurred because the warrant holders failed to pay the remaining 75% of the issue price within the mandatory 18-month period. Consequently, these warrants stand cancelled, and the company will retain the 25% upfront subscription amount as a capital receipt.
Key Highlights
Forfeiture of 60,71,357 fully convertible warrants due to non-payment of balance consideration.
Total amount forfeited by the company is ₹7,58,91,962.50, representing 25% of the issue price.
The warrants were originally issued at ₹50 per unit on a preferential basis in December 2024.
The 18-month exercise period expired on June 02, 2026, leading to the cancellation of these securities.
No change in the current paid-up share capital as the warrants were never converted into equity.
👀 What to Watch
Investors should view this as a sign that the warrant holders did not find it profitable or viable to convert at ₹50 per share. While the company gains ₹7.59 crore in cash, the lack of conversion reflects poorly on investor sentiment regarding the company's valuation.
V2 Retail FY26 PAT Jumps 125% to ₹162 Cr; Plans 170-200 New Stores in FY27
V2 Retail delivered a stellar performance in FY26 with revenue growing 63% YoY to ₹3,067 Cr and PAT surging 125% to ₹162 Cr. The company aggressively expanded its footprint by adding 136 stores, reaching a total of 325 stores, while maintaining a healthy SSSG of 8.6%. Management has guided for further expansion of 170-200 stores in FY27, funded primarily through internal accruals. The shift to a retail-only model and improved inventory management have bolstered ROE to 26%.
Key Highlights
Annual revenue grew 63% YoY to ₹3,067 Cr, with Q4 revenue rising 60% to ₹797 Cr.
Full-year PAT increased by 125% to ₹162 Cr, supported by an EBITDA margin improvement to 14.9%.
The company added a net of 136 stores in FY26 and targets 170-200 new openings for FY27.
Return on Equity (ROE) improved significantly to 26% compared to 23.2% in the previous fiscal.
SSSG remained robust at 8.6% for the full year, driven by a 47% growth in sales volume.
👀 What to Watch
Investors should view the strong operating leverage and aggressive store rollout as a sign of market share gains in the value fashion segment. Monitor the sustainability of 8-10% SSSG and the impact of rising raw material prices on margins.
JHS Svendgaard Retail Approves 33.05 Lakh Warrant Issuance and Material Related Party Transactions
JHS Svendgaard Retail Ventures Limited held an Extraordinary General Meeting (EGM) on May 30, 2026, to approve the issuance of 33,05,000 fully convertible equity warrants to non-promoters on a preferential basis. The meeting also addressed the approval of material related party transactions with five entities, including JHS Svendgaard Laboratories Limited and Nikhil Nanda Motion Pictures LLP. A total of 68 members attended the meeting via video conferencing, and the voting results are expected to be announced within the regulatory timeline. This move signifies both a capital infusion and a series of significant inter-company business arrangements.
Key Highlights
Proposed issuance of 33,05,000 fully convertible equity warrants to non-promoter categories.
Approval sought for material related party transactions with five distinct entities.
Transactions involve JHS Svendgaard Laboratories, PJHS Entertainment, and Purple Rock Infra, among others.
EGM conducted via Video Conferencing with 68 members present; voting results pending official announcement.
Managing Director Nikhil Nanda was absent from the meeting due to personal commitments.
👀 What to Watch
Investors should closely monitor the final voting results and the specific terms of the warrant issuance to assess potential equity dilution. Furthermore, the high volume of material related party transactions requires careful scrutiny to ensure they are conducted at arm's length and do not negatively impact minority shareholder interests.
V2 Retail FY26 PAT Surges 125% to ₹162 Cr; Revenue Grows 63% to ₹3,067 Cr
V2 Retail delivered exceptional FY26 results, with annual revenue growing 63% YoY to ₹3,067 Cr and Net Profit jumping 125% to ₹162.1 Cr. The company executed a massive expansion strategy, adding 139 stores during the year to reach a total count of 325. Operating performance improved significantly with EBITDA margins expanding to 14.9% for the full year. A successful ₹400 Cr QIP during the year has further strengthened the balance sheet to support this high-growth trajectory.
Key Highlights
FY26 Revenue grew 63% YoY to ₹3,067.1 Cr, maintaining over 60% growth for two consecutive years.
Full-year PAT increased by 125% YoY to ₹162.1 Cr, while Q4 PAT surged 172% YoY to ₹17.5 Cr.
Aggressive store expansion with 139 new stores added in FY26, taking the total count to 325 stores.
EBITDA for FY26 rose 77% YoY to ₹455.5 Cr with margins improving to 14.9% from 13.7% YoY.
Same-Store Sales Growth (SSSG) stood at 8.6% for FY26 with a robust volume growth of 47%.
👀 What to Watch
The company is demonstrating high-velocity growth and successful scaling in the value retail segment. Investors should maintain a positive outlook given the strong SSSG and margin expansion, while monitoring the operational efficiency of the newly opened stores.
V2 Retail Q4 FY26 PAT Surges 172% YoY; Annual Revenue Crosses ₹3,000 Crore Milestone
V2 Retail reported a strong performance for Q4 FY26, with revenue growing 60% YoY to ₹797 crore and PAT jumping 172% to ₹17.5 crore. For the full year FY26, the company surpassed ₹3,000 crore in revenue, driven by aggressive expansion with 139 new store openings. While EBITDA margins improved to 14.9% for the year, investors should note a significant increase in Net Working Capital days from 45 to 81. Same Store Sales Growth (SSG) remained steady at 8.58% for the full year.
Key Highlights
Consolidated Revenue for FY26 grew by 63% YoY to ₹3,067.1 crore.
Net Profit (PAT) for Q4 FY26 increased by 172% YoY to ₹17.5 crore from ₹6.4 crore.
Aggressive store expansion with 139 stores opened in FY26, reaching a total of 325 stores.
EBITDA margins expanded to 14.9% in FY26 compared to 13.7% in the previous year.
Net Working Capital days increased to 81 days from 45 days due to inventory stocking for new stores.
👀 What to Watch
Investors should view the high growth and margin expansion positively, but monitor the efficiency of the 139 new stores as sales per square foot saw a slight decline. The sharp increase in working capital days also warrants attention in future quarters.
V2 Retail FY26 Revenue Surges 63% to ₹3,067 Crore; Q4 Revenue Up 60% YoY
V2 Retail Limited reported a robust performance for the fiscal year ended March 31, 2026, with consolidated revenue from operations jumping to ₹3,06,705.13 lakhs from ₹1,88,449.52 lakhs in the previous year. The fourth quarter also saw significant growth, with revenue reaching ₹79,702.17 lakhs compared to ₹49,851.31 lakhs in Q4 FY25. Despite the strong top-line growth, the company's manufacturing subsidiary reported a net loss of ₹1,196.78 lakhs for the full year. Auditors have maintained an unmodified opinion but highlighted a long-standing advance of ₹1,288.25 lakhs to BCCL, which management expects to utilize by July 2026.
Key Highlights
Annual consolidated revenue from operations grew by 62.7% YoY to ₹3,067.05 crore.
Q4 FY26 revenue increased by 59.8% YoY to ₹797.02 crore.
Subsidiary V2 Smart Manufacturing Private Limited recorded a net loss of ₹11.97 crore for FY26.
Auditors highlighted a ₹12.88 crore advance to Bennett, Coleman and Co. Limited outstanding since April 2019.
Total consolidated income for the full year stood at ₹3,077.41 crore.
👀 What to Watch
Investors should focus on the company's aggressive top-line growth and market share expansion in the value retail segment, while monitoring the path to profitability for its manufacturing subsidiary.
JHS Svendgaard Retail FY26 Results: Total Assets Grow to ₹32.67 Cr; Equity Base Strengthens
JHS Svendgaard Retail Ventures reported its audited FY26 results, showing a significant expansion in total assets to ₹3,266.66 lakhs from ₹2,650.29 lakhs in the previous year. The company's total equity base grew to ₹2,571.33 lakhs, up from ₹1,718.86 lakhs, indicating fresh capital infusion or warrant conversions. Notably, current liabilities were reduced from ₹661.26 lakhs to ₹386.83 lakhs, improving the short-term debt profile. However, the auditor's report mentions a net loss for the period, and an emphasis of matter was noted regarding contingent liabilities from the New Labour Code.
Key Highlights
Total Assets increased by 23.2% year-on-year to ₹32.67 crore as of March 31, 2026.
Total Equity rose significantly to ₹25.71 crore from ₹17.19 crore in the previous fiscal year.
Current liabilities saw a sharp decline of approximately 41.5%, falling to ₹3.87 crore.
Non-current assets grew to ₹16.72 crore, primarily supported by property, plant, and equipment investments.
Statutory auditors issued an unmodified opinion but highlighted potential impacts of the New Labour Code as a contingent liability.
👀 What to Watch
Investors should monitor the company's transition toward profitability as it currently reports a net loss despite a stronger balance sheet. The reduction in current liabilities is a positive sign of financial discipline.
V2 Retail Re-appoints Ram Chandra Agarwal as CMD for a 5-Year Term
V2 Retail's Board of Directors has approved the re-appointment of Mr. Ram Chandra Agarwal as Chairman and Managing Director for a five-year term effective from November 22, 2026. Mr. Agarwal is a founding member with over 30 years of experience in the retail sector and is credited with pioneering the value retailing concept in India. The re-appointment is subject to shareholder approval at the upcoming Annual General Meeting. This move ensures leadership continuity as the company maintains its family-led management structure.
Key Highlights
Re-appointment of Mr. Ram Chandra Agarwal as Chairman and Managing Director for a tenure of 5 years.
The new term is scheduled to commence on November 22, 2026, following Board approval on May 28, 2026.
Mr. Agarwal brings over 30 years of retail experience and was the Ernst & Young Entrepreneur of the Year in 2008.
The appointee is the husband of Whole Time Director Mrs. Uma Agarwal and father of CEO Mr. Akash Agarwal.
Confirmation provided that the appointee is not debarred from holding office by any SEBI order.
👀 What to Watch
Investors should view this as a positive sign of leadership stability and continuity of the company's long-term strategy. No immediate action is required other than monitoring the formal shareholder approval at the next AGM.
V2 Retail FY26 Revenue Jumps 63% YoY to ₹3,067 Crore; Q4 Growth Remains Strong
V2 Retail reported a stellar performance for FY26, with consolidated revenue from operations rising 62.7% to ₹3,06,705 lakhs compared to ₹1,88,450 lakhs in FY25. The fourth quarter also showed robust momentum, with revenue increasing 60% YoY to ₹79,702 lakhs. While top-line growth is aggressive, the company's manufacturing subsidiary, V2 Smart Manufacturing, reported a net loss of ₹1,197 lakhs for the year. Investors should also note the auditor's emphasis on a ₹12.88 crore legacy advance to BCCL, which management expects to recover through future advertisement services.
Key Highlights
Annual consolidated revenue surged 62.7% to ₹3,06,705.13 lakhs in FY26 from ₹1,88,449.52 lakhs in FY25.
Q4 FY26 revenue grew 60% YoY, reaching ₹79,702.17 lakhs compared to ₹49,851.31 lakhs in Q4 FY25.
Total income for the full year crossed the ₹3,000 crore mark, ending at ₹3,07,741.56 lakhs.
The subsidiary V2 Smart Manufacturing reported a net loss of ₹1,196.78 lakhs on revenue of ₹4,386.10 lakhs for FY26.
Auditors highlighted a legacy advance of ₹1,288.25 lakhs outstanding since 2019, though they maintained an unmodified opinion.
👀 What to Watch
The massive revenue growth indicates strong market share gains in the value retail segment; investors should monitor if this scale leads to improved operating margins and the eventual turnaround of the manufacturing subsidiary.
JHS Svendgaard Retail Updates ₹8.26 Crore Fundraise Plan via Warrants Corrigendum
JHS Svendgaard Retail Ventures has issued a corrigendum to its EGM notice regarding a preferential issue of fully convertible warrants. The company intends to raise approximately ₹8.26 crore to be utilized over the next 36 months for business expansion and strategic acquisitions. Specifically, ₹4.13 crore is allocated for acquisitions and brand investments, while ₹2.06 crore each is earmarked for new retail segments and general corporate purposes. The update also clarifies that the shareholding structure notes should reflect post-conversion figures for 89,91,357 warrants.
Key Highlights
Allocation of ₹4.13 crore for strategic investments, acquisitions, and brand IP development.
Planned expenditure of ₹2.06 crore for expansion into new retail and B2B segments including FMCG and apparel.
Clarification on the post-shareholding structure involving 89,91,357 fully convertible warrants.
Utilization timeline for the total net proceeds set within 36 months from the receipt of funds.
General corporate purpose spending capped at 25% of the total amount raised.
👀 What to Watch
Investors should monitor the outcome of the EGM on May 30, 2026, to confirm the approval of this fundraise. The focus on acquisitions and new retail segments indicates a pivot toward a more diversified business model which warrants long-term observation.
JHS Svendgaard Retail to Raise ₹8.26 Crore via Preferential Issue of 33.05 Lakh Warrants
JHS Svendgaard Retail Ventures has called an Extraordinary General Meeting (EGM) on May 30, 2026, to approve the issuance of 33.05 lakh fully convertible warrants. The warrants are priced at ₹25 per share, representing a total fundraise of approximately ₹8.26 crore from non-promoter investors. Subscribers will pay 25% of the issue price upfront, with the remaining 75% payable upon conversion into equity within 18 months. The meeting will also seek approval for a material related party transaction with JHS Svendgaard Laboratories Limited.
Key Highlights
Proposed issuance of 33,05,000 fully convertible equity warrants to eight non-promoter allottees.
Issue price fixed at ₹25 per warrant (including a premium of ₹15), totaling ₹8.26 crore.
25% upfront payment (₹2.07 crore) required at allotment, with 18 months to convert to equity.
Relevant date for floor price determination set as April 30, 2026.
EGM scheduled for May 30, 2026, to be held via video conferencing.
👀 What to Watch
Investors should monitor the conversion of these warrants as they will lead to equity dilution over the next 18 months. The pricing at ₹25 provides a benchmark for the company's internal valuation and the capital infusion should support retail expansion.
JHS Svendgaard Retail to Raise ₹8.26 Crore via Preferential Issue of 33.05 Lakh Warrants
JHS Svendgaard Retail Ventures Limited's board has approved the issuance of 33,05,000 fully convertible warrants to non-promoter investors. The warrants are priced at ₹25 each (including a ₹15 premium), aiming to raise a total of ₹8.26 crore. These warrants can be converted into equity shares on a 1:1 basis within 18 months of allotment. The company will seek shareholder approval for this move at an EGM scheduled for May 30, 2026.
Key Highlights
Issuance of 33,05,000 fully convertible warrants to non-promoter category investors.
Total fundraise amount fixed at ₹8.26 crore at an issue price of ₹25 per warrant.
Warrants are convertible into equity shares within 18 months from the date of allotment.
Major individual allottees include Amit Sadh and Purnima Sharma with 10,00,000 warrants each.
Extra Ordinary General Meeting (EGM) for shareholder approval set for May 30, 2026.
👀 What to Watch
Investors should track the conversion of these warrants and the subsequent impact on earnings per share (EPS) due to equity dilution. The participation of non-promoter entities at ₹25 suggests a valuation benchmark for the company in the near term.
JHS Svendgaard Retail to Raise Rs 8.26 Crore via Preferential Issue of 33.05 Lakh Warrants
The Board of JHS Svendgaard Retail Ventures has approved the issuance of 33,05,000 fully convertible warrants to eight non-promoter investors. The total fundraise is valued at approximately Rs 8.26 crore, with an issue price of Rs 25 per warrant (including a premium of Rs 15). These warrants are convertible into equity shares on a 1:1 basis within 18 months from the date of allotment. The company has scheduled an Extra Ordinary General Meeting on May 30, 2026, to obtain shareholder approval for this capital infusion.
Key Highlights
Issuance of 33,05,000 fully convertible warrants to non-promoter category investors
Total capital infusion of Rs 8.26 crore at an issue price of Rs 25 per warrant
Warrants are convertible into equity shares within a maximum period of 18 months
Major individual allottees include Amit Sadh and Purnima Sharma, subscribing to 10 lakh warrants each
Extra Ordinary General Meeting (EGM) for shareholder approval set for May 30, 2026
👀 What to Watch
Investors should monitor the company's deployment of these funds for growth initiatives while being mindful of the eventual equity dilution. The entry of new non-promoter investors at Rs 25 per share serves as a relevant valuation benchmark for the stock.
V2 Retail Reports Robust FY26 Revenue Growth of 61% to ₹3,060 Cr; Store Count Reaches 325
V2 Retail delivered a stellar performance in FY26, with standalone revenue surging 61% YoY to ₹3,060 Cr from ₹1,885 Cr in FY25. The company aggressively expanded its footprint by adding a net of 136 stores during the year, bringing the total count to 325 stores across 35 lakh sq. ft. Q4 FY26 also showed strong momentum with 59% revenue growth and a healthy Same Store Sales Growth (SSSG) of 7.74%. The successful expansion into non-core territories like South India and Maharashtra validates the scalability of its value-fashion model.
Key Highlights
Standalone revenue for FY26 grew 61% YoY to ₹3,060 Cr compared to ₹1,885 Cr in FY25
Net addition of 136 stores in FY26, taking the total store count to 325 as of March 31, 2026
Q4 FY26 revenue stood at ₹798 Cr, representing a 59% YoY growth on a high base
Full-year Same Store Sales Growth (SSSG) remained healthy at approximately 8.58%
Monthly Sales Per Square Feet (PSF) for FY26 reached ₹925, indicating high store productivity
👀 What to Watch
Investors should view this as a strong growth signal, as the company is successfully scaling its value-retail model nationally. Monitor the upcoming full earnings report for margin sustainability and operational efficiency amidst this aggressive expansion.
V2 Retail Sets March 26, 2026 as Record Date for 10:1 Stock Split
V2 Retail Limited has officially fixed March 26, 2026, as the record date for its 10:1 stock split. Each equity share with a face value of Rs. 10 will be subdivided into ten equity shares with a face value of Rs. 1 each. This decision follows shareholder approval obtained via postal ballot on March 8, 2026. The split is expected to enhance market liquidity and make the stock more affordable for retail participants.
Key Highlights
Record date for the 10:1 stock split is set for March 26, 2026
Face value of equity shares will be reduced from Rs. 10 to Rs. 1 per share
The sub-division was approved by shareholders through a postal ballot on March 8, 2026
The total number of shares held by investors will increase tenfold post-split
👀 What to Watch
Investors should note that the share price will adjust downward proportionally on the ex-split date. No action is required for existing shareholders as the additional shares will be credited automatically to demat accounts.
V2 Retail Shareholders Approve Stock Split with 99.99% Majority
V2 Retail Limited has received overwhelming shareholder approval for the sub-division of its equity shares via a postal ballot concluded on March 08, 2026. The results showed that 99.99% of the votes (22,950,857 votes) were in favor of both the stock split and the subsequent alteration of the Capital Clause in the Memorandum of Association. This corporate action is typically intended to enhance stock liquidity and make shares more accessible to retail investors. High participation was noted from both the promoter group and public institutions, signaling strong alignment on the proposal.
Key Highlights
Shareholders approved the sub-division of equity shares with 99.99% of votes in favor (22,950,857 votes).
Alteration of the Capital Clause of the Memorandum of Association was approved with a matching 99.99% majority.
Promoter and Promoter Group participation was high, with 18,564,428 votes polled, representing 98.98% of their holdings.
Public Institutional voting showed 84.53% participation with 3,618,191 votes, all cast in favor of the resolutions.
The voting process was conducted through remote e-voting from February 06 to March 08, 2026.
👀 What to Watch
Investors should monitor for the upcoming announcement of the record date for the stock split. While the split increases liquidity, it does not affect the company's fundamental valuation, so long-term decisions should remain focused on retail growth performance.
JHS Svendgaard Retail Reports Q3 FY26 Standalone Net Loss of ₹2.46 Lakhs
JHS Svendgaard Retail Ventures reported a standalone net loss of ₹2.46 Lakhs for the quarter ended December 31, 2025, a decline from a marginal profit of ₹0.97 Lakhs in the preceding quarter. Total standalone income for the quarter was ₹23.95 Lakhs, with core operational revenue contributing only ₹7.83 Lakhs. The company is currently utilizing proceeds from a preferential warrant issue, having deployed ₹861.70 Lakhs into investments and ₹448.76 Lakhs as advances to its subsidiary. The board also appointed M/s R. Khattar & Associates as the Internal Auditor for a three-year tenure.
Key Highlights
Standalone revenue from operations remains minimal at ₹7.83 Lakhs for Q3 FY26 compared to ₹6.77 Lakhs in Q2 FY26.
Reported a standalone net loss of ₹2.46 Lakhs for the quarter, down from a profit of ₹0.97 Lakhs in the previous quarter.
For the nine-month period ended Dec 31, 2025, the company recorded a standalone net loss of ₹17.18 Lakhs on a total income of ₹155.65 Lakhs.
Out of ₹1,608.92 Lakhs raised via warrants, ₹861.70 Lakhs was used for investments and ₹448.76 Lakhs was advanced to a subsidiary.
Appointment of M/s R. Khattar & Associates as Internal Auditor for FY 2025-26 to 2027-28 approved.
👀 What to Watch
The company's core operations are currently negligible, with the majority of income derived from non-operational sources. Investors should remain cautious and wait for signs of actual business scaling or revenue generation from the newly acquired subsidiary before considering a position.
V2 Retail Q3 FY26 PAT Surges 99% to ₹102 Cr; Revenue Up 57% with Aggressive Store Expansion
V2 Retail reported a stellar Q3 FY26 with revenue growing 57% YoY to ₹929 crores and PAT doubling to ₹102 crores, surpassing the full-year profit of FY25. The company added 105 net new stores in the first nine months of FY26, bringing its total count to 304 stores. Operational metrics remained strong with a normalized SSSG of 12.8% and a 48% growth in volumes. Additionally, the company raised ₹400 crores via QIP to fuel further expansion and improved its ROE to 24.5%.
Key Highlights
Revenue for Q3 FY26 grew 57% YoY to ₹929 crores; 9M FY26 revenue up 64% to ₹2,270 crores.
PAT for the quarter surged 99% YoY to ₹102 crores, aided by an exceptional gain of ₹27.69 crores from lease reassessment.
Aggressive expansion with 105 net new stores added in 9M FY26, taking total retail space to 31.9 lakh sq. ft.
Normalized SSSG stood at 12.8% for Q3 FY26, with volume growth reaching 48%.
Successfully raised ₹400 crores through a QIP, utilizing funds to prepay vendors and support growth.
👀 What to Watch
Investors should note the company's rapid scalability and strong volume growth in the value fashion segment. The stock remains a high-growth play given the aggressive store rollout and improving capital efficiency (ROE at 24.5%).
V2 Retail Announces 1:10 Stock Split; Face Value to Decrease from ₹10 to ₹1
V2 Retail Limited has issued a postal ballot notice to seek shareholder approval for a 1:10 stock split. The proposal involves subdividing each existing equity share with a face value of ₹10 into ten equity shares with a face value of ₹1 each. The company also plans to alter its Memorandum of Association to reflect an authorized share capital of 45.84 crore equity shares. The e-voting process for these resolutions will take place from February 6, 2026, to March 8, 2026.
Key Highlights
Proposed sub-division of 1 equity share of ₹10 face value into 10 equity shares of ₹1 face value.
Authorized Share Capital to be restructured into 45,84,00,000 equity shares of ₹1 each.
Remote e-voting period is scheduled from February 6, 2026, to March 8, 2026.
The record date for the stock split will be determined and announced by the Board at a later date.
👀 What to Watch
Investors should note that while the number of shares held will increase tenfold, the total value of the investment remains unchanged. This corporate action is typically aimed at improving trading liquidity and making the stock more affordable for retail participants.
