V2 Retail Q2 FY27 Earnings Call Transcript Released
V2 Retail released its Q2 & H1 FY27 earnings call transcript. The company opened 106 new stores in H1 FY27, its highest ever, with 49 new stores added in Q2. Consolidated revenue for Q2 FY27 grew 28% to ₹905.6 crore, and H1 revenue grew 42% to ₹1,902.8 crore. Gross margin improved to 31.1% in Q2. The company anticipates Q3 FY27 to be its best quarter ever.
The announcement provides detailed financial results, strategic updates on expansion, and forward-looking guidance, which are material information for investors.
The company reported strong growth in revenue and profitability for Q2 and H1 FY27, with significant expansion in store count and positive outlook for the upcoming quarter.
V2 Retail Limited has released the transcript of its earnings conference call for the second quarter and first half of FY2026-27, which was conducted on November 06, 2026. The call featured insights from Mr. Akash Agarwal, Director and CEO of V2 Retail.
During the call, Mr. Agarwal highlighted an aggressive expansion strategy in Q2 FY27, with the opening of 49 new stores and the closure of 3, bringing the total store count to 427. The first half of FY27 saw an addition of 106 new stores, the highest ever for H1, with 60% of these in core states. Volume growth for Q2 FY27 was 31% year-on-year, and 43% for H1 FY27. Same-store sales growth (SSSG) for FY27 Q2 was -14.9% on a calendar basis, but a normalized +0.5% when adjusted for the festive season shift. For H1 FY27, SSSG was -3.7% on a calendar basis.
Consolidated financial performance for Q2 FY27 showed revenue from operations at ₹905.6 crore, a 28% growth year-on-year. Gross profit grew by 42% to ₹281.3 crore, with gross margin expanding to 31.1%. EBITDA grew by 41% to ₹120.3 crore. Profit After Tax (PAT) was ₹18.2 crore, a 6% growth. For H1 FY27, revenue grew by 42% to ₹1,902.8 crore, and PAT grew by 43% to ₹60.1 crore.
The company expects Q3 to be its best quarter ever, driven by the festive season, Dussehra, Diwali, and the wedding season. V2 Retail aims to sustain gross margins between 29% to 30% and EBITDA margins between 13.5% to 14.5% for the full year. The company plans to open 60 to 70 stores in the second half of FY27, focusing on consolidating operations. Management reiterated the FY27 revenue growth guidance of over 50%.
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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.