V2 Retail reports 86% YoY revenue growth in Q2 FY26, expands footprint to 259 stores

V2 Retail Limited, a leading value-fashion retailer, reported a robust performance in Q2 FY26, with standalone revenue rising to ₹705 crore, marking an 86% year-on-year growth from ₹380 crore in the same quarter last year. The company attributed the strong performance to focused execution, innovation-led expansion, and deeper market penetration.

Same Store Sales Growth (SSSG) for the quarter stood at 23.4% YoY, while normalised SSSG, adjusted for the Durga Puja festival shift from Q3 to Q2, was approximately 10.3%. The company highlighted strong sell-through rates, limited markdowns, and disciplined inventory management as key drivers of sustained consumer demand.

Store productivity remained strong, with monthly sales per square feet at ₹938, despite an aggressive expansion strategy. In Q2 FY26, V2 Retail added 43 new stores, bringing its total store count to 259 with a retail footprint of approximately 27.94 lakh sq. ft, with a focus on Tier 2 and Tier 3 markets.

For the first half of FY26, V2 Retail’s standalone revenue from operations rose by 68% to ₹1,334.9 crore, supported by SSSG of around 13.3% and monthly sales per square feet of ₹948. The company added 70 new stores in H1 FY26, closing just one store during the period.

The shares of the company were trading 3.5% in the green at 12:30 pm. The stock has jumped 33% in the year so far.

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