V2 RETAIL LTD.

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.

Akash Agarwal has withdrawn disclosures related to the proposed acquisition of 70,00,000 equity shares of V2 Retail Limited from Ram Chandra Agarwal. The transfer, intended as an off-market inter-se transfer between promoters/immediate relatives, was initially notified under SEBI (SAST) Regulations, 2011. The acquisition could not be completed due to technical issues and subsequent freezing of the PAN during a trading window closure period (October 1 to November 14, 2026). The transfer is postponed indefinitely, with plans to re-initiate the process at a later date after fulfilling all procedural and regulatory requirements. A fresh intimation will be provided to the stock exchanges before the future transfer.

V2 Retail Ltd has announced the closure of its trading window for dealing in the company's shares. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from October 1st, 2026, until 48 hours after the declaration of the un-audited financial results for the second quarter and half-year ended September 30th, 2026. This measure is standard practice to prevent potential insider trading during periods when sensitive financial information is being finalized.

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.