V2 Retail Limited Q1 FY27 Earnings Call Transcript Released
V2 Retail reported a 58% YoY revenue growth to ₹997 crore in Q1 FY27. EBITDA increased by 60% to ₹139.5 crore, and PAT grew 70% to ₹41.9 crore. The company added 56 net stores, reaching 381 by June 30, 2026, and plans to open 170-200 stores in FY27. Management expects a 4-5% increase in garment costs from Q3, to be passed on to consumers.
The announcement details strong financial performance, aggressive store expansion plans, and strategic initiatives, which are material to investors and indicate significant business momentum.
The company reported strong year-on-year growth in revenue, EBITDA, and profit after tax, alongside significant store network expansion. Management expressed confidence in sustaining growth momentum and highlighted strategic initiatives.
V2 Retail Limited has released the transcript of its earnings conference call for the first quarter and fiscal year 2026-27, which was conducted digitally on August 14, 2026. The company reported a strong 58% year-on-year revenue growth in Q1 FY27, reaching ₹997 crore. EBITDA grew by 60% to ₹139.5 crore, and Profit After Tax surged by 70% to ₹41.9 crore.
During the quarter, V2 Retail expanded its store network, adding 56 stores on a net basis, bringing the total store count to 381 as of June 30, 2026. The company subsequently crossed the milestone of 400 stores nationwide. Same-store sales growth (SSSG) for the first quarter was approximately 7.5%, with robust volume growth of 56%.
Management highlighted strategic investments in technology, AI-enabled platforms, and team expansion, including two president-level hirings, to support a projected 50% CAGR growth over the next 2-3 years. They also noted that raw material price increases are expected to result in a 4-5% rise in garment costs from the third quarter, which will be passed on to consumers to maintain gross margins. The company aims to maintain inventory at around 100 days and creditors at around 45-50 days.
Regarding customer experience, V2 Retail is piloting an NPS (Net Promoter Score) system and has implemented AI-powered CCTV monitoring to manage billing queues and improve customer service. The company anticipates that its focus on product, technology, and team, combined with disciplined execution, will sustain growth momentum.
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V2 Retail Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by V2 Retail Limited. Read the original for the full detail.