Synopsis: Shares gained up to 6% after Q3FY26 performance impressed investors. Gross margin improved to 32.4%, while EBITDA margin stood at 18.7%. The retailer expanded to 294 stores, adding 35 outlets during the quarter. Volumes jumped 48%, with 92% driven by full-price sales, supporting strong operating momentum.
The shares of the retail company gained up to 6 percent in today’s trading session after the company’s net profit and revenue jumped by 500 percent QoQ and 57 percent YoY, respectively, in Q3FY26.
With a market capitalization of Rs 7,511.90 crore, the shares of V2 Retail Ltd were trading at Rs 2,060.10 per share, decreasing around 3 percent as compared to the previous closing price of Rs 2,122.95 apiece.
Q3FY26 Highlights
The shares of V2 Retail Ltd have seen significant movement after announcing its financial performance in Q3FY26, in which revenue increased by 57 percent on a year-on-year basis from Rs 591 crore in Q3FY25 to Rs 929 crore in Q3FY26. However, on a Quarter-on-Quarter basis, revenue increased by 31 percent from Rs 709 crore in Q2FY26 to Rs 929 crore in Q3FY26.
Moreover, net profit increased by 100 percent on a yearly basis from Rs 51 crore in Q3FY25 to Rs 102 crore in Q3FY26, meanwhile, on a quarter-on-quarter basis, net profit increased by 500 percent from Rs 17 crore in Q2FY26 to Rs 102 crore in Q3FY26.
Furthermore, margins remained resilient in Q3 FY26, with gross profit margin improving to 32.4% from 32.1% last year and 28.0% in the previous quarter, reflecting better cost management. EBITDA margin stood at 18.7%, largely stable year-on-year and sharply higher sequentially. On a nine-month basis, EBITDA margin expanded to 15.3%, indicating improving operating leverage and stronger profitability trends.
Other Business updates
In Q3 FY26, the company strengthened its retail footprint to 294 stores, adding 35 new outlets during the quarter. While reported SSSG was modest at ~2%, normalized growth declined due to the festive timing impact. Encouragingly, volumes surged 48%, with 92% coming from full-price sales, indicating strong demand. The Rs 400 crore QIP further enhances financial flexibility for expansion.
Commenting on the results and performance, Mr. Ram Chandra Agarwal, Chairman & Managing Director, said: “The Company continues to see favourable operating conditions supported by consistent execution and sustained consumer demand. Investments in analytics-driven merchandising, supply chain responsiveness, and operational discipline have strengthened our ability to scale efficiently within India’s value fashion segment.
V2 Retail Ltd is an Indian value fashion retailer catering primarily to consumers in Tier II and Tier III cities. The company offers affordable apparel, footwear, and lifestyle products through a growing network of stores across multiple states. It focuses on budget-friendly pricing, regional preferences, and expanding its footprint in underserved markets.
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