)
Visual
test
V2 Retail
V2 Retail (V2RETAIL) investor relations material
V2 Retail Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary4 Feb, 2026
Executive summary
Achieved 57% year-on-year revenue growth in Q3 FY26 and 64% for 9M FY26, with consolidated revenue reaching INR 929 crore for Q3 and INR 2,270 crore for 9M FY26, reflecting strong business momentum and scalability in value fashion retail.
PAT surged 99% year-on-year in Q3 FY26 and 119% for 9M FY26, with Q3 PAT at INR 102 crore, surpassing FY25 full-year PAT.
Expanded retail footprint to 294 stores across 225 cities in 25 states, totaling 31.9 lakh sq ft retail space by Q3 end.
Focused on analytics-driven merchandising, supply chain responsiveness, and disciplined expansion for sustainable growth.
Exceptional gain of INR 27.69 crore recognized from lease reassessment, with a tax impact of INR 6.97 crore.
Financial highlights
Q3 FY26 revenue: INR 929 crore, up 57% year-on-year; EBITDA: INR 174 crore (56% growth); EBITDA margin: 18.7%.
Q3 PAT: INR 102 crore, up 99% year-on-year; PAT margin improved to 10.9%.
Nine months FY26 revenue: INR 2,270 crore, up 64%; EBITDA: INR 346 crore (73% growth); EBITDA margin: 15.3%.
Nine months PAT: INR 144 crore, up 119% year-on-year; ROE at 24.5% (impacted by QIP fundraise).
Pre-Ind AS Q3 EBITDA: INR 126 crore (13.5% margin); PAT: INR 82 crore.
Outlook and guidance
Targeting 8%-10% same-store sales growth (SSSG) and at least 150 new stores in FY27.
Revenue per sq ft expected to be maintained at INR 1,000 despite rapid expansion.
Gross margin guidance remains at 28%-29%, with margin expansion expected from operating leverage.
Lease term estimates for store leases were reassessed to align with evolving business and strategic plans.
Management expects to utilize outstanding advertisement advances within the extended contract period.
BCCL advance utilization plan by July 2026
Primary use of Rs. 400 Cr QIP funds
Drivers for Ind AS 116 lease term reassessment
Lease accounting change: What's the strategic rationale?
QIP funds: Future working capital strategy?
Gross margin strategy: Long-term competitive edge?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebJ
Strong growth, digital innovation, and margin expansion drive robust multi-year financial outlook. - 6 Feb004020
Operating profit rose on cost savings and high-value sales, with major US expansion underway. - 6 FebJOUT
Net sales up 31%, gross margin at 36.6%, and net loss narrowed to $3.3 million. - 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRINet loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high.
- 6 FebCRINet loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.
Next V2 Retail earnings date
Q4 202630 May, 2026
V2 Retail
Next V2 Retail earnings date
Q4 202630 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
V2 Retail Limited is an India-based company primarily engaged in the retail trade of a wide range of products, focusing on garments, textiles, accessories, lifestyle products, footwear, purses, wallets, personal care items, sunglasses, and sportswear. The company markets its diverse product offerings under various brand names, including Godspeed, Herrlich, Glamora, Ebellia, and Honey Brats. The company is headquartered in New Delhi, India, and its shares are listed on the NSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage