V2 Retail's Q2 FY 2025-26 Quarterly Results

Result Summary

• V2 Retail Ltd reported a 12.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 85.5%.
• Its expenses for the quarter were up by 14.8% QoQ and 78.9% YoY.
• The net profit decreased 30.1% QoQ and decreased 992.7% YoY.
• The earnings per share (EPS) of V2 Retail Ltd - at - during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

V2 Retail Ltd is a prominent player in the retail industry, primarily focused on providing a wide range of apparel and lifestyle products. The company operates in the value retail segment, catering to consumers seeking affordable fashion and lifestyle items. V2 Retail has established a significant presence across India, with numerous stores strategically located to maximize consumer reach. Despite the competitive nature of the retail sector, V2 Retail has managed to carve out a niche by focusing on providing value-for-money products. Recent developments in the retail industry, such as the shift towards e-commerce and changing consumer preferences, have posed both challenges and opportunities for the company. However, detailed information about V2 Retail's specific responses or adaptations to these trends is not available in the provided data.

Revenue

During the second quarter of the fiscal year 2026 (Q2FY26), V2 Retail Ltd reported a total income of ₹709.72 crores. This represents a 12.1% increase compared to the previous quarter (Q1FY26), where total income stood at ₹633.14 crores. Additionally, on a year-over-year basis, total income saw a significant rise of 85.5% compared to ₹382.52 crores in Q2FY25. This substantial growth in revenue indicates robust sales performance over the year. The increase in revenue can be associated with various factors such as expanded market reach, potential new store openings, or enhanced product offerings, although specific details are not provided in the data. The company's ability to maintain a positive revenue trajectory amidst the evolving retail landscape is noteworthy.

Profitability

In Q2FY26, V2 Retail Ltd recorded a profit before tax (PBT) of ₹20.95 crores. This marks a decrease of 37.1% from the previous quarter's PBT of ₹33.29 crores. However, when compared to the same quarter of the previous fiscal year (Q2FY25), where the company reported a loss of ₹2.43 crores, there is a substantial improvement. The profit after tax (PAT) for Q2FY26 was ₹17.23 crores, down 30.1% from ₹24.66 crores in Q1FY26, yet a considerable turnaround from a loss of ₹1.93 crores in Q2FY25. The company's earnings per share (EPS) also showed a marked change, with a value of ₹0.00 in Q2FY26 compared to ₹7.13 in Q1FY26 and -₹0.56 in Q2FY25. These figures highlight fluctuations in profitability, with significant year-over-year improvements despite quarter-over-quarter declines.

Operating Metrics

The total expenses for V2 Retail Ltd in Q2FY26 amounted to ₹688.77 crores, which is a 14.8% increase from the previous quarter's expenses of ₹599.84 crores. On a year-over-year basis, total expenses increased by 78.9% from ₹384.95 crores in Q2FY25. The rise in expenses could be attributed to various operational factors such as increased costs of goods sold, expansion efforts, or higher administrative expenses, although precise details are not provided. Despite the increase in expenses, the company managed to maintain a positive profit before tax and profit after tax, indicating effective cost management strategies. The tax expense for the quarter was ₹3.72 crores, a significant reduction of 56.9% from ₹8.63 crores in Q1FY26, yet a notable increase from a tax credit of -₹0.49 crores in Q2FY25. This dynamic in tax expenses reflects changes in the company's taxable income and potential adjustments in tax planning.