V2 Retail Q3 Results: Profit nearly doubles; store expansion lifts revenue 57% YoY

V2 Retail Ltd delivered a strong set of numbers for the December quarter, with net profit nearly doubling year-on-year, supported by robust revenue growth and steady operational performance.

Net profit

for the quarter rose 99.3% to ₹102.06 crore, compared with ₹51.19 crore in the year-ago period. Revenue increased 57.2% year-on-year to ₹929.2 crore from ₹590.9 crore, aided by consistent demand across the company’s core markets and a continued focus on expanding its physical retail footprint.

Operating performance remained firm, with EBITDA climbing 55.8% year-on-year to ₹173.68 crore, up from ₹111.47 crore in the corresponding quarter last year. EBITDA margin stood at 18.69%, broadly stable compared with 18.86% a year ago, indicating disciplined cost management despite rapid scale-up.

V2 Retail also reported same-store sales growth of 2% on a year-on-year basis, reflecting stable performance from its existing store network amid a challenging consumption environment in parts of the broader retail sector.

During the quarter, the company added 35 new stores, expanding its footprint across key markets, with a sharp focus on Tier 2 and Tier 3 cities to capture consumption-led demand in smaller towns and emerging urban centres.

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Ahead of the earnings announcement, shares of V2 Retail Ltd closed 7.13% higher at ₹2,130.80 on the NSE, signalling positive investor sentiment around the company’s growth trajectory.