V2 Retail Q3 FY26: Revenue Surges 57%, PAT Doubles to ₹102 Cr; 105 New Stores Added
V2 Retail reported a strong Q3 FY26 with revenue up 57% YoY to ₹929 Cr and PAT doubling to ₹102 Cr. The company added 105 new stores in nine months, taking the total to 294. They successfully raised ₹400 Cr via QIP and plan to add 150 stores next year, targeting 8-10% SSSG.
The substantial revenue and profit growth, coupled with a clear expansion strategy and successful capital raise, are likely to have a significant positive impact on investor sentiment and the company's market position.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, along with aggressive store expansion and successful fundraising, indicating strong positive performance and future outlook.
V2 Retail Limited announced its financial results for the third quarter and the nine-month period ended December 31, 2025 (Q3 FY26).
The company reported a robust 57% year-on-year revenue growth in Q3 FY26, reaching ₹929 crores. EBITDA for the quarter stood at ₹174 crores, a 56% increase from the previous year, with an EBITDA margin of 18.7%. Profit After Tax (PAT) for Q3 FY26 more than doubled to ₹102 crores, compared to ₹51 crores in the corresponding quarter last year.
For the first nine months of FY26, revenue grew by 64% to ₹2,270 crores. EBITDA increased by 73% to ₹346 crores, and PAT saw a substantial 119% growth, reaching ₹144 crores.
Key operational highlights include the successful fundraising of approximately ₹400 crores through a Qualified Institutional Placement (QIP). The company also resolved an earlier audit qualification by writing off assets with a carrying value of ₹5.06 crores after a physical verification of property, plant, and equipment.
V2 Retail continued its aggressive expansion, adding 35 new stores in Q3 and a total of 105 new stores in the nine-month period, bringing the total store count to 294 stores across approximately 31.9 lakh square feet of retail space. The company plans to add 150 more stores in the next fiscal year.
Management highlighted that the company's pre-IndAS numbers provide a better transparency on operational performance, and they will continue to report these alongside statutory filings. A reassessment of lease terms led to an exceptional gain of ₹27.69 crores.
The company is targeting a blended sales per square foot of ₹1,000, even with significant new store additions. The outlook for the upcoming quarters remains positive, with an 8% to 10% Same Store Sales Growth (SSSG) target for the next fiscal year.
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V2 Retail Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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.