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V2 Retail share price & results

V2 Retail· Consumer Services· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Value-fashion retailer with 325 stores in 225+ Tier-II/III towns, selling apparel & lifestyle goods.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue997 ₹ crore+57.8% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin14.0 %0.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit42.0 ₹ crore+68.0% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity25.46 %−0.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-3.36 %−14.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)63.27 %+1.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

5 of 10 judged targets kept · 10 open · verdicts reflect calls analysed to Q1 FY27.

V2 Retail management guidance track record on Inve: 20 targets tracked across analysed earnings calls (5 achieved, 5 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
Gross Margingross margin of 28% - 29%
Call transcript, Q3 FY26 · 4 Feb 2026		Q3 FY26Q1 FY27:Q1 FY27 gross margin was 28.6%, which is within the target range.
Call transcript, Q1 FY27 · 14 Aug 2026		Achieved
Private Label Contribution60% by Summer 2026
Call transcript, Q4 FY25 · 28 May 2025		Q4 FY25Q1 FY27:No update provided in Q1 FY27, which was the target period (Summer 2026). The promise is considered missed due to being ghosted past its deadline.
Call transcript, Q1 FY27 · 14 Aug 2026		Missed
Creditor Daysmaintain creditors at 45 days
Call transcript, Q4 FY26 · 29 May 2026		Q4 FY26Q1 FY27:Guidance slightly revised to 45-50 days from a firm 45 days. Management noted they are using cash to prepay vendors but can normalize this to release capital.
Call transcript, Q1 FY27 · 14 Aug 2026		Revised Down

Source: Inve Guidance Tracker for V2 Retail · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of V2 Retail's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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Price

₹161.36 −0.89% · −₹1.45

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −92.8% 1Y

₹0.0k₹0.5k₹1.0k₹1.5k₹2.0k₹2.5kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 19 Nov 2025Q3 FY26 — 4 Feb 2026Q4 FY26 — 29 May 2026Q1 FY27 — 14 Aug 2026

1Y: ₹2,247.6 on 24 Oct 2025 → ₹161.36. High ₹2,495.6 (3 Nov 2025), low ₹151.45 (13 Oct 2026).

Previous close
₹162.81
Market cap
₹5.9k Cr
52-week range
₹151.45 – ₹2,495.6
One year
−92.82%
Price to earnings (TTM to Jun 2026)
37.01×
Return on equity (TTM to Jun 2026)
25.46%

Overview

Symbol
NSE:V2RETAIL
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What V2 Retail does

Based on the company's own presentations, annual report and earnings calls.

V2 Retail runs a chain of 'V2 Retail' branded stores offering apparel and general merchandise for the entire family, positioned as a value-fashion retailer for India's neo-middle and middle-class consumers. It focuses primarily on Tier-II and Tier-III cities and towns rather than metros. Merchandise is a mix of in-house designed products (developed by its own product-design team) and goods procured from job workers and vendors, which the company says gives it tighter control over quality and inventory. Stores are replenished weekly from a centralised warehouse and distribution centre using the company's own fleet of vehicles.

Segments

  • Men's Wear
  • Ladies Wear
  • Kids Wear
  • Lifestyle
Store count
325 stores
Geographic footprint
More than 225 cities across 25 states and 1 Union Territory
Total retail area
~35.35 lakh sq. ft. (~3.5 million sq. ft.)
Store network focus
Primarily Tier-II and Tier-III cities and towns
In-house product design team
60 people, including designers
Distribution infrastructure
Centralised warehouse and distribution centre at Gurgaon, serviced by the company's own fleet of vehicles that replenish store inventory weekly
Founded 2001Headquarters Registered office: New Delhi; Corporate office: Gurugram, Haryana, India Company website

How the price took the results

close before → close after

Q1 FY27
−0.5%
14 Aug
Q4 FY26
−2.6%
29 May
Q3 FY26
−2.0%
4 Feb
Q2 FY26
−0.1%
19 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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