V2 Retail Limited has kicked off the financial year FY26 with a powerful performance in Q1, showcasing resilience and strategic execution despite a high base from the previous year. The company’s growth was driven by its customer-focused strategies and continued network expansion.
Impressive Revenue Growth
In Q1 FY26, V2 Retail posted a standalone revenue of ₹628 crore, marking a remarkable 51% year-on-year growth compared to ₹415 crore in Q1 FY25. This growth was fueled by enhanced product strategies, better sell-through rates, and stronger market penetration, all of which underline the effectiveness of the company’s business model.
Solid Same Store Sales Growth (SSSG)
Although SSSG was reported at 5% due to a one-time shift of Eid into Q4 FY25 impacting April sales, the normalized same store sales growth stood at a strong 10%. This reflects sustained consumer demand and highlights the company’s robust assortment planning and execution.
High Sales Productivity
Sales per square foot stood at ₹957 in Q1 FY26, which is particularly commendable given the higher proportion of new stores. This performance was backed by efficient merchandising, timely replenishments, and tight inventory control, driving profitability across locations.
Aggressive Expansion in Tier 2 & Tier 3 Cities
V2 Retail added 28 new stores during the quarter while closing one underperforming outlet. With this, the total store count rose to 216, spanning a retail area of 23.48 lakh square feet. The company’s expansion remains sharply focused on Tier 2 and Tier 3 cities, aligning with its mission to bring affordable fashion to emerging India.
Outlook for FY26
Entering FY26, V2 Retail is well-positioned with strong operational momentum, innovation-driven strategies, and customer trust. The company’s agile approach, powered by data-backed decisions and speed of execution, sets the stage for continued leadership in India’s value fashion space.
V2 Retail’s Q1 FY26 update reflects not just a solid quarter but the beginning of what could be a breakthrough year. The company’s focus on deeper market presence, operational efficiency, and consumer-centric strategies continues to yield strong results — positioning it as a formidable player in India’s retail landscape.
