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V2 Retail Ltd

Q1 FY27Retailing

V2 Retail Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹220
Market cap₹8.0K Cr
P/E48.9
Updated26 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

3 of 4 strong

RevenueStrong growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

The short version

V2 Retail targets a revenue growth of at least 50% CAGR for the next 2 to 3 years. Revenue growth guidance remains at a robust 50% CAGR for the next 2-3 years.

From V2 Retail Ltd's Q1 FY27 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

Strong growth
  • V2 Retail targets a revenue growth of at least 50% CAGR for the next 2 to 3 years.
  • Plans to open 170 to 200 new stores annually to drive volume growth.
  • Same-store sales growth (SSSG) guidance is maintained at 8% to 10% for the financial year.
  • New stores currently operate at about 65% to 70% of mature store levels but expected to mature and grow faster over 3-4 years.
  • Focus on expanding store network with an aim to reach and exceed current mature store sales per square feet.
  • Expect operating leverage and EBITDA margin expansion as growth normalizes.

2 more points from V2 Retail Ltd's call on revenue

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Profitability & Margins

See what V2 Retail Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • V2 Retail plans to continue expanding its store network aggressively, targeting the opening of 170 to 200 stores in the current fiscal year.
  • The company is capitalizing on internal accruals for this expansion and does not plan to raise fresh capital via QIP as of now.
  • Inventory buildup is significant, with approximately INR100-150 crores invested in inventory ahead of new store openings each quarter.
  • Focus on disciplined store expansion ensuring sustainable returns while managing working capital prudently.
  • Investments in technology, including AI-driven workflows and AI-enabled CCTV for customer experience, are ongoing.

2 more points from V2 Retail Ltd's call on capex

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Top-ranked in Retailing

Ranked on what management guided this quarter

Guidance-ranked
1Rentomojo
Rev 1Mar 3
2Urban Company
Rev 2Mar 2
3
Rev 2Mar 2
4
Rev 2Mar 2
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what V2 Retail Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Relevant points related to inventory and procurement include: - Inventory for new stores is procured and stocked about 2 months before store openings to ensure variety (approx. 3,000 options per store). - Opening 50-55 new stores per quarter requires INR100-150 crores worth of inventory to be in the system in advance. - Future purchase orders (POs) for the third quarter have price escalations factored in (4%-5% increase) due to raw material cost rise. Thus, inventory procurement and order planning are closely aligned with store rollout schedules and expected demand.

V2 Retail Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹929 Cr, net profit ₹102 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What V2 Retail's management said in earlier quarters

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Frequently Asked Questions

What were V2 Retail Ltd Q1 FY27 results?

V2 Retail targets a revenue growth of at least 50% CAGR for the next 2 to 3 years. Revenue growth guidance remains at a robust 50% CAGR for the next 2-3 years.

What is V2 Retail Ltd share price analysis?

V2 Retail Ltd currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 48.9 with a market cap of ₹8,012 Cr. Investors should review the full earnings analysis for detailed insights.

Is V2 Retail Ltd planning capital expenditure?

V2 Retail plans to continue expanding its store network aggressively, targeting the opening of 170 to 200 stores in the current fiscal year.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.