V2 RETAIL LTD.

V2 Retail Limited announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company reported a significant year-on-year growth, with revenue from operations increasing by 58% to ₹997.2 crores. EBITDA climbed 60% YoY to ₹139.5 crores, and Net Profit surged 70% YoY to ₹41.9 crores. The company also expanded its retail footprint, operating 381 stores across 25 states and one Union Territory, having opened 57 new stores in the quarter. Same Stores Sales Growth (SSSG) stood at approximately 7.5%. The Chairman & Managing Director highlighted the company's sustained high growth momentum, improved margins, and the strength of its strategy in India's value retail segment.

V2 Retail Ltd has announced the appointment of M/s SMAM & CO., Chartered Accountants, as its Internal Auditors for the Financial Year 2026-27. This decision was approved by the Board of Directors on August 13, 2026, following a recommendation from the Audit Committee. The appointment is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s SMAM & CO. brings diverse experience in audit, tax, and advisory services, aiming to provide strategic insights and innovative solutions to the company.

V2 Retail Ltd announced key management changes following its Board meeting on August 13, 2026. Mr. Manu Agarwal has been appointed as President Buying & Merchandising, and Mr. Dinesh Malpani as President Operations. Both individuals will also hold the designation of Senior Management Personnel, effective from August 13, 2026. The Board also approved the unaudited financial results for the first quarter ended June 30, 2026, along with the limited review report from statutory auditors. Mr. Agarwal brings approximately 25 years of experience in buying and merchandising, while Mr. Malpani's appointment strengthens the operations leadership.

V2 Retail's consolidated revenue from operations rose 57.7% YoY to ₹997.20 Cr in Q1 FY27 (₹632.22 Cr in Q1 FY26) and 25.1% QoQ (₹797.02 Cr in Q4 FY26). Consolidated PAT attributable to owners rose 69.7% YoY to ₹41.85 Cr (₹24.66 Cr) and 139.1% QoQ (₹17.51 Cr); standalone PAT was near-identical at ₹41.90 Cr. Neither the current nor the year-ago quarter carried exceptional items, so both comparisons are clean — profit growth outpaced revenue growth on both counts, with net margin expanding to ~4.19% (from 3.90% YoY and 2.19% QoQ) and operating margin to ~14.09% (from 13.80% YoY and 13.69% QoQ). The print sits comfortably ahead of management's own bar: the Q4 FY26 concall guided for revenue growth of at least 50% YoY for the next two years, and this quarter delivered 57.7%. Gross margin came in at ~28.6% of revenue from operations, inside the guided 28-30% band despite the pace of new-store additions. The growth was store-led — the company opened 57 new stores in the quarter (381 stores as of 30 June 2026) and crossed its 400th store on 11 August 2026, taking fiscal-year-to-date additions to 75 — tracking toward, though still well short of, the 170-200-store FY27 target. No independent brokerage PAT estimate for the quarter could be confirmed via search, so the print is assessed against management's own guidance rather than street consensus; the company had already flagged the ₹997 Cr / 58% YoY revenue figure in a 1 July business update, which this filing now confirms with full P&L detail. The same board meeting also appointed Manu Agarwal as President – Buying & Merchandising and Dinesh Malpani as President – Operations, both new Senior Management Personnel, alongside the results. Notes to the accounts disclose the acquisition of inventory, PP&E and lease rights for 12 stores from Aarkey Retail Private Limited during the quarter — inorganic additions layered onto the organic 57-store rollout — and auditors gave an unqualified opinion while separately flagging a ₹1,206.23 Lakh advance to Bennett, Coleman & Co. (outstanding since April 2019) that management continues to treat as recoverable under a contract now extended to March 2028. No management press release or post-results commentary was available at extraction time; the analyst call is scheduled for 14 August 2026.

V2 Retail Limited has announced a significant milestone with the opening of its 400th store. The company has demonstrated robust expansion in the current financial year, adding a net of 75 new stores. This achievement highlights the company's growth strategy and commitment to building a strong brand. V2 Retail emphasizes its dedication to sustainable, responsible, and inclusive growth, aiming to make fashion accessible. The company credits its success to the support of customers, partners, employees, and stakeholders, and is positioned for continued success.

V2 Retail Ltd has announced that its Board of Directors will convene on August 13, 2026, to consider and approve the un-audited financial results for the first quarter ended June 30, 2026. Concurrently, the company has informed that its trading window for designated persons will be closed from July 1, 2026, until 48 hours after the declaration of these financial results. The notice of the board meeting will be available on the company's website, www.v2retail.com.

V2 Retail Ltd has announced its 25th Annual General Meeting (AGM) to be held on Friday, July 31, 2026, at 02:00 P.M. IST via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting will cover ordinary business such as the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, and the re-appointment of Mr. Ram Chandra Agarwal as a director retiring by rotation. Special business includes the proposed re-appointment of Mr. Ram Chandra Agarwal as Chairman & Managing Director for a further period of 5 years effective November 22, 2026, with remuneration not exceeding INR 5 Lakhs per month. Remote e-voting will be available from July 28 to July 30, 2026.

V2 Retail Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, as required by SEBI regulations. The report, which forms part of the Annual Report, details the company's corporate identity, registered and corporate addresses, and contact information. It highlights that V2 Retail's business activities, primarily retail sales of apparel and general merchandise, accounted for 100% of its turnover. The company operates 325 stores and 2 offices nationally, serving Tier II and Tier III cities. The report also provides employee statistics, noting 10,561 permanent employees (77.8% male) and no workers. It also details the representation of women on the Board of Directors (33.33%) and among Key Management Personnel (0%).

V2 Retail Ltd has announced its 25th Annual General Meeting (AGM) scheduled for Friday, July 31, 2026, at 02:00 P.M. (IST). The meeting will be conducted through video conferencing/other audio-visual means (OAVM). The company has also enclosed its Integrated Annual Report for the Financial Year 2025-26, which includes the AGM notice. The report details the company's corporate overview, financial performance, strategy, and statutory reports. The integrated annual report will be available on the company's website, https://v2retail.com/. This filing is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

V2 Retail Ltd reported a strong first quarter for FY27, with standalone revenue reaching ₹997 Cr, a significant 58% year-on-year increase from ₹630 Cr in Q1 FY26. This growth was achieved on an elevated base, demonstrating the scalability of its value-fashion business model. The company also delivered a robust 7.5% Same-Store Sales Growth (SSSG), driven by data-driven assortment and merchandise planning. Monthly Sales per Square Foot (PSF) improved to ₹886, reflecting enhanced store productivity. V2 Retail expanded its network by opening 57 new stores, increasing its footprint to approximately 40.7 lakh sq. ft. across 381 stores, with a focus on Tier 2 and Tier 3 markets. The company is well-positioned to capitalize on the growing value-fashion market.