V2 Retail Ltd

- The company raised approximately Rs. 400 crores through a Qualified Institutional Placement (QIP) recently, with marquee investors participating. - Most of the QIP proceeds are allocated for general corporate purposes, including: - Capital allocation for new store rollouts. - Additional working capital requirements. - Investment in regional warehouses and hub-and-spoke supply chain model. - There is no explicit mention of any upcoming or future planned fundraising through debt or equity beyond this QIP in the current report. - The company emphasized disciplined capital allocation and efficient use of funds raised for expansion and operational enhancement.

- CAPEX per new store is around Rs. 1.1 crore, with inventory investment around Rs. 1.3-1.4 crores, totaling Rs. 2.4-2.5 crores per store. - Management plans to add approximately 150 new stores in FY 2027, each averaging 10,000 to 11,000 square feet. - Q4 FY 2026 expected to see 30-35 new store openings. - Additional capital is allocated for regional warehouses and implementing a hub-and-spoke supply chain model. - Rs. 400 crore QIP proceeds are being used for expansion across new stores, working capital, and supply chain improvements. - There is no additional fixed CAPEX planned for omnichannel; it involves variable monthly software costs. - Maintenance CAPEX for existing stores included in operating costs at roughly Rs. 190 per square feet. - Advance payments (e.g., Rs. 15 crore to BCCL) are being utilized gradually for marketing over next two years.

- Targeting 8% to 10% Same Store Sales Growth (SSSG) for the next year. - Planning to add 150 new stores in FY 2027, increasing total retail footprint by about 50%. - New stores currently have sales of around Rs. 750 per square feet, expected to mature to Rs. 1,200 per square feet in 2-3 years, following the trajectory of older stores. - Company blended sales per square feet targeted to be maintained at Rs. 1,000 despite expansion. - Momentum in demand and footfalls remains steady going into Q4, supported by festivals and wedding season. - Anticipate 50% revenue growth next year, driven by store expansion and sustained demand. - Weighted store additions focused 60%-70% in existing strong clusters and 30%-40% in promising new geographies.

- V2 Retail targets a Same Store Sales Growth (SSSG) of 8%-10% for FY 2027. - The company plans to add approximately 150 new stores in FY 2027, expanding retail space by about 50%. - Revenue per square feet at a company blended level is targeted to be maintained at Rs. 1,000 despite expansion. - Mature stores are expected to generate Rs. 1,200 per square feet, with new stores scaling up to this level within 2-3 years. - Gross margin is expected to be sustained around 28%-29%, with profitability improvement mainly from operating leverage and sales growth rather than gross margin compression. - EBITDA margins are projected to improve due to operating leverage from increased scale. - The company aims to continue disciplined capital allocation, supporting sustained ROE growth (currently 24.5%). - PAT growth mirrors revenue and EBITDA growth, supported by strong margin expansion and operational efficiencies.

The transcript provided does not contain any information regarding the current or expected order book or pending orders for V2 Retail Limited. The discussion primarily revolves around store expansions, sales per square feet, working capital, CAPEX, sales performance, and market strategy. There is no mention or data related to order books or pending orders in the document.