V2 Retail Q3 FY26 PAT Surges 99% YoY to ₹102 Cr on 57% Revenue Growth
V2 Retail reported a 99% YoY surge in Q3 FY26 PAT to ₹102.1 crore on a 57% revenue growth to ₹929.2 crore. EBITDA increased 56% to ₹173.7 crore. For 9M FY26, PAT grew 119% to ₹144.0 crore with revenue up 64% to ₹2,270 crore. The company opened 35 stores in Q3 and raised ₹400 crore via QIP.
The significant growth in financial metrics, especially PAT, and the substantial fundraising through QIP are material events that are likely to have a high impact on the company's stock performance and investor outlook.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT for both the quarter and nine-month period. The increase in store count and successful QIP also contribute to a positive sentiment.
V2 Retail Limited announced its un-audited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025. The company reported a strong performance with consolidated revenue from operations reaching ₹929.2 crore in Q3 FY26, a 57% year-on-year increase from ₹590.9 crore in Q3 FY25. EBITDA for the quarter grew by 56% YoY to ₹173.7 crore, with EBITDA margin at 18.7% compared to 18.9% in the previous year. Profit After Tax (PAT) for Q3 FY26 surged by 99% YoY to a record ₹102.1 crore, surpassing the entire FY25 PAT. The company also opened 35 new stores in the quarter, bringing the total store count to 294 with a retail area of approximately 31.93 lac Sq. Ft. Normalized Same Stores Sales Growth (SSSG) for the quarter stood at approximately 12.8% after adjusting for a shift in Durga Puja. The company also successfully raised approximately ₹400 crore through a Qualified Institutional Placement (QIP).
For the nine months ended December 31, 2025, consolidated revenue from operations stood at ₹2,270 crore, a 64% increase YoY. EBITDA for the period grew by 73% YoY to ₹346.4 crore, with an improved margin of 15.3%. PAT for 9M FY26 reached ₹144.0 crore, a significant 119% increase YoY from ₹65.6 crore in 9M FY25. During the 9M FY26, the company added 106 stores and closed 1 store. The Same Stores Sales Growth (SSSG) for the nine-month period was approximately 8.6%.
Mr. Ram Chandra Agarwal, Chairman & Managing Director, commented that the company continues to benefit from favorable operating conditions, consistent execution, and sustained consumer demand. He highlighted investments in analytics-driven merchandising, supply chain responsiveness, and operational discipline as key factors strengthening their ability to scale efficiently. The expansion strategy has focused on improving geographic coverage by entering rural markets and increasing presence in Tier II and Tier III cities. The company remains focused on profitable growth, capital efficiency, and disciplined execution to enhance shareholder value.
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