
Quarterly Updates2 Oct 2026, 02:49 pm
V2 Retail Q2FY27 Revenue Up 28.4% to ₹905 Cr
AI Summary
V2 Retail reported a strong Q2 FY27 with standalone revenue reaching ₹905 Cr, a 28.4% increase year-on-year. This growth was achieved despite the festive season shifting to Q3 this year, which impacted same-store sales growth (SSSG) to 0.5% on a festival-normalized basis, compared to -14.9% on a calendar basis due to the festive period falling in Q2 FY26. The company expanded its retail footprint by opening 49 new stores, bringing the total to 427 stores across approximately 46.28 lakh sq. ft. Monthly sales per square foot stood at ₹700. India Ratings upgraded the company's long-term rating to IND A / Positive. V2Kart e-commerce was soft-launched in Delhi NCR and Lucknow.
Key Highlights
- Revenue grew 28.4% YoY to ₹905 Cr in Q2 FY27.
- Same-store sales grew 0.5% on a festival-normalized basis.
- Opened 49 new stores in Q2, total 427 stores.
- India Ratings upgraded long-term rating to IND A / Positive.
- Soft-launched V2Kart e-commerce platform.
Price Impact
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