V2 Retail Q3FY26: Revenue surges 57% to ₹929 Cr, PAT up 99% to ₹102 Cr
V2 Retail reported a 57% revenue increase to ₹929 Cr and a 99% PAT jump to ₹102 Cr for Q3 FY26. For 9M FY26, revenue rose 64% to ₹2,270 Cr and PAT by 119% to ₹144 Cr. The company raised ~₹400 Cr via QIP and resolved an audit qualification.
The significant increase in revenue and profit, coupled with a substantial fundraising through QIP, indicates strong financial performance and positive future outlook, which will have a high impact on the company's valuation and investor sentiment.
The company reported strong year-on-year growth in revenue, profit, and EBITDA for both the quarter and nine-month periods. The successful QIP further strengthens the company's financial position.
V2 Retail Limited announced its financial results for the third quarter and nine months ended December 31, 2025.
For the third quarter of FY26, the company reported a consolidated revenue of ₹929.2 crore, a significant increase of 57% compared to ₹590.9 crore in the same period last year. Profit After Tax (PAT) surged by 99% to ₹102.1 crore, up from ₹51.2 crore in Q3 FY25. EBITDA also saw a substantial rise of 56% to ₹173.7 crore from ₹111.5 crore.
For the nine months ended December 31, 2025, consolidated revenue grew by 64% to ₹2,270 crore from ₹1,386 crore in the corresponding period of FY25. PAT for the nine months increased by 119% to ₹144.0 crore, compared to ₹65.6 crore in the prior year. EBITDA for the nine-month period grew by 73% to ₹346.4 crore.
The company also reported operational highlights, including a Volume Growth of 48% for Q3FY26 and 45% for 9MFY26. Same Stores Sales Growth (SSG) stood at approximately 2% for Q3FY26 and 8.6% for 9MFY26. The Average Bill Value (ABV) increased to ₹964 in Q3FY26 from ₹924 in Q3FY25.
In a significant development, the Fund-Raising Committee approved the allotment of 18,74,414 Equity Shares to eligible Qualified Institutional Buyers at an issue price of ₹2,134 per Equity Share, aggregating to approximately ₹400 crore. This QIP has impacted the Return on Equity (ROE).
Further, the company resolved an audit qualification by writing off property, plant, and equipment valued at ₹5.06 crore. An exceptional gain of ₹27.69 crore was recognized due to the reassessment of lease term estimates for store leases in accordance with Ind AS 116.
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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.