V2 Retail Q3 FY26 Revenue Surges 57% to ₹927 Cr, Expands Footprint to 294 Stores
V2 Retail reported a 57% YoY revenue growth to ₹927 crore in Q3 FY26. Normalized SSSG was ~12.8%. The company added 35 new stores, expanding its footprint to 294 stores across 31.93 lakh sq. ft. 9M FY26 revenue grew 63% to ₹2,262 crore.
The substantial revenue growth and store expansion are positive developments for the company's future prospects, but the impact is moderate as it's a business update and not a major financial restructuring or acquisition.
The company reported strong year-on-year growth in revenue and same-store sales, along with significant network expansion, indicating positive business performance.
V2 Retail Limited has announced a strong business update for the third quarter of FY26 (Q3 FY26), reporting standalone revenue of ₹927 crore, a significant year-on-year growth of 57% compared to ₹591 crore in Q3 FY25. This growth was achieved on a high base, demonstrating the scalability of the company's value-fashion model.
The company achieved a normalized Same Store Sales Growth (SSSG) of approximately 12.8%, adjusted for the shift of the Durga Puja festival from Q3 to Q2 FY26. For the cumulative Q2 and Q3 FY26 period, the SSSG stood at 10.4% with a cumulative sales growth of 68%. The reported SSSG for Q3 FY26 was 2% year-on-year.
Enhanced store productivity was evident with the Monthly Sales Per Square Feet (PSF) reaching ₹1,032 in Q3 FY26. The company pursued aggressive network expansion, adding 35 new stores during the quarter, focusing on Tier 2 and Tier 3 cities. This expansion brings the total retail footprint to approximately 31.93 lakh square feet across 294 stores as of December 31, 2025.
Operational efficiency was maintained through data-led assortment curation and high sell-through rates, leading to healthy margins and optimized inventory management. For the nine months ended December 31, 2025 (9M FY26), standalone revenue grew by 63% to ₹2,262 crore. The 9M FY26 also saw an SSSG of ~8.6% and a monthly PSF of ₹981. A net addition of 105 new stores (with one closure) was recorded during the nine-month period.
Management expressed confidence in maintaining an aggressive expansion trajectory, supported by the encouraging performance of new stores in various regions. The reported figures are subject to limited review/audit by the statutory auditors.
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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 medium impact: worth reading, rarely worth acting on by itself.
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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.