V2 Retail Q4FY26: Revenue Surges 60% to ₹797 Cr, PAT Jumps 172% to ₹17.5 Cr
V2 Retail reported a 60% YoY revenue growth to ₹797 Cr in Q4 FY26 and a 125% YoY PAT jump to ₹162 Cr in FY26. The company opened 33 new stores in Q4 FY26, expanding its network to 325. SSSG stood at 7.7% for Q4 FY26. V2 Retail also raised ₹400 Cr via QIP.
Significant growth in key financial metrics, expansion of store network, and successful fundraising are material events that are likely to have a substantial positive impact on the company's valuation and future prospects.
The company reported strong double-digit growth in revenue, EBITDA, and PAT for both the quarter and the full year, alongside margin improvements and store network expansion. The successful QIP fundraising also indicates positive investor confidence.
V2 Retail Limited announced its audited standalone and consolidated financial results for the fourth quarter and the full fiscal year ended March 31, 2026. The company reported a significant year-on-year growth, with revenue from operations for Q4 FY26 standing at ₹797 crores, a 60% increase compared to ₹498.5 crores in Q4 FY25. Gross margin improved to 30.3% from 27.6% in the same period. EBITDA for the quarter surged by 89% to ₹109.1 crores from ₹57.8 crores, with the EBITDA margin rising to 13.7% from 11.6%. Profit After Tax (PAT) for Q4 FY26 recorded a substantial 172% growth, reaching ₹17.5 crores compared to ₹6.4 crores in the prior year's quarter.
For the full fiscal year FY26, revenue from operations grew by 63% to ₹3,067 crores from ₹1,884.5 crores in FY25. The gross margin for FY26 was 30.2%, up from 29.3% in FY25. EBITDA for FY26 increased by 77% to ₹455 crores from ₹257.8 crores, with the EBITDA margin improving to 14.9% from 13.7%. PAT for FY26 more than doubled, growing by 125% to ₹162 crores from ₹72 crores in FY25.
During Q4 FY26, V2 Retail expanded its store network, opening 33 stores and closing one, bringing the total to 325 stores with a retail area of approximately 35.35 lac sq. ft. Same Store Sales Growth (SSSG) for the quarter was 7.7%, and for the full year FY26, it stood at 8.6%. The company also successfully raised approximately ₹400 crores via the Qualified Institutional Placement (QIP) route.
Mr. Ram Chandra Agarwal, Chairman & Managing Director, commented on the performance, highlighting the sustained high growth exceeding 60% for two consecutive years and the improved operating performance. He emphasized the company's strategy, disciplined execution, investments in analytics-driven merchandising, and agile supply chain. The company plans to accelerate geographic coverage by increasing penetration in Tier II and Tier III cities, with a current store footprint crossing 350 stores nationwide.
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