V2 Retail Ltd
V2 Retail Ltd (V2RETAIL) last reported results for the quarter ended Jun 2026, with sales of ₹997 crore and net profit of ₹42 crore. The stock last traded at ₹168, a market capitalisation of ₹6,108 crore, on a P/E of 38.5. Over the past 52 weeks the stock has ranged between ₹162 and ₹259. Figures are as of 6 Oct 2026 and are not real time.
V2 Retail Ltd share price and key metrics
- Current price
- ₹168
- Market cap
- ₹6,108 cr
- Stock P/E
- 38.5
- Book value
- ₹24.8
- ROE
- 22.9%
- ROCE
- 19.3%
- Dividend yield
- 0.00%
- 52w high / low
- 259/162
Metrics as of 6 Oct 2026. Not real time.
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V2 Retail Ltd growth and returns
- 10 Years
- %
- 5 Years
- 42%
- 3 Years
- 54%
- TTM
- 63%
- 10 Years
- %
- 5 Years
- 67%
- 3 Years
- 135%
- TTM
- 97%
- 10 Years
- 29%
- 5 Years
- 61%
- 3 Years
- 114%
- 1 Year
- -27%
- 10 Years
- %
- 5 Years
- 13%
- 3 Years
- 20%
- Last Year
- 23%
V2 Retail Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹997 cr, up 57.8% from ₹632 cr a year earlier. Net profit was ₹42 cr, up 68.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 380 | 591 | 499 | 632 | 709 | 929 | 797 | 997 |
| Expenses | 347 | 479 | 441 | 545 | 623 | 755 | 688 | 858 |
| Operating profit | 33 | 111 | 58 | 87 | 85 | 174 | 109 | 139 |
| OPM % | 9% | 19% | 12% | 14% | 12% | 19% | 14% | 14% |
| Other income | 3 | 1 | 2 | 1 | 1 | 32 | 4 | 1 |
| Interest | 15 | 18 | 21 | 23 | 28 | 22 | 24 | 25 |
| Depreciation | 23 | 26 | 28 | 32 | 38 | 46 | 67 | 64 |
| Profit before tax | -2 | 69 | 10 | 33 | 21 | 138 | 22 | 52 |
| Tax % | -20% | 25% | 38% | 26% | 18% | 26% | 22% | 19% |
| Net profit | -2 | 51 | 6 | 25 | 17 | 103 | 18 | 42 |
| EPS (₹) | -0.06 | 1.48 | 0.19 | 0.71 | 0.50 | 2.82 | 0.48 | 1.15 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
V2 Retail Ltd annual results
| ₹ crore | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 109 | 229 | 287 | 701 | 538 | 629 | 839 | 1,165 | 1,884 | 3,067 | 3,432 |
| Operating profit | 1 | 5 | 28 | 77 | 50 | 67 | 85 | 149 | 260 | 472 | 508 |
| OPM % | 0.9% | 2.2% | 10% | 11% | 9% | 11% | 10% | 13% | 14% | 15% | 15% |
| Net profit | -5 | -4 | 10 | 9 | -13 | -12 | -13 | 28 | 72 | 162 | 179 |
| EPS (₹) | -0.24 | -0.19 | 0.41 | 0.26 | -0.38 | -0.34 | -0.37 | 0.80 | 2.08 | 4.44 | 4.95 |
TTM is the trailing twelve months to the most recent quarter.
V2 Retail Ltd balance sheet
| ₹ crore | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 22 | 22 | 24 | 34 | 34 | 34 | 34 | 35 | 35 | 36 |
| Reserves | 247 | 240 | 251 | 245 | 235 | 224 | 213 | 240 | 312 | 866 |
| Borrowings | 71 | 84 | 69 | 326 | 396 | 398 | 424 | 525 | 871 | 995 |
| Other liabilities | 28 | 39 | 61 | 115 | 148 | 136 | 123 | 227 | 381 | 525 |
| Total liabilities | 368 | 385 | 405 | 721 | 813 | 792 | 793 | 1,027 | 1,599 | 2,422 |
| Fixed assets | 9 | 14 | 18 | 339 | 395 | 394 | 408 | 480 | 863 | 968 |
| CWIP | 1 | 0 | 1 | 4 | 5 | 0 | 0 | 0 | 4 | 36 |
| Investments | 32 | 31 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 326 | 340 | 355 | 378 | 414 | 398 | 385 | 547 | 732 | 1,418 |
| Total assets | 368 | 385 | 405 | 721 | 813 | 792 | 793 | 1,027 | 1,599 | 2,422 |
As reported by the company. Total assets equal total liabilities by construction.
V2 Retail Ltd cash flow
| ₹ crore | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -12 | 12 | 35 | 74 | 3 | 59 | 86 | 93 | 201 | -103 |
| Cash from investing | -4 | -7 | -6 | 7 | -20 | -16 | -12 | -39 | -130 | -219 |
| Cash from financing | 8 | -4 | -30 | -28 | -22 | -58 | -76 | -50 | -71 | 319 |
| Net cash flow | -8 | 0 | -1 | 52 | -39 | -15 | -2 | 5 | -0 | -3 |
| Free cash flow | -16 | 5 | 29 | 63 | -24 | 43 | 73 | 56 | 201 | -103 |
| CFO / operating profit | -1,155% | 219% | 123% | 96% | 7% | 86% | 100% | 63% | 87% | -11% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
V2 Retail Ltd operating ratios
| Per year | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 0% | 1% | 8% | — | 3% | 4% | 4% | 11% | 17% | 19% |
| Debtor days | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Inventory days | 207 | 118 | 141 | 156 | 308 | 264 | 184 | 199 | 159 | 195 |
| Days payable | 114 | 60 | 63 | 75 | 134 | 108 | 70 | 92 | 92 | 79 |
| Cash conversion cycle | 93 | 58 | 79 | 81 | 174 | 156 | 114 | 107 | 66 | 116 |
| Working capital days | -59 | -32 | -27 | 40 | 72 | 70 | 51 | 42 | 19 | 48 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
V2 Retail Ltd shareholding pattern
Promoters held 51.43% at Jun 2026, down from 54.22% at Jun 2025. FIIs 3.11% and DIIs 10.65%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 54.30% | 54.30% | 54.24% | 54.22% | 54.22% | 51.43% | 51.43% | 51.43% |
| FIIs | 0.80% | 0.91% | 1.31% | 1.90% | 2.10% | 3.01% | 2.62% | 3.11% |
| DIIs | 4.34% | 5.98% | 6.70% | 7.35% | 7.12% | 9.12% | 9.28% | 10.65% |
| Public | 40.57% | 38.82% | 37.75% | 36.53% | 36.56% | 36.45% | 36.67% | 34.82% |
| No. of shareholders | 24,101 | 26,877 | 35,125 | 37,446 | 39,938 | 42,869 | 45,025 | 52,967 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
V2 Retail Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (DP) RegulationsCompany Updatelow impact
- V2 Retail Ltd. Continues Network Expansion Ahead of Festive Quarter in Q2 FY27 Business UpdateCompany Updatelow impact
Cruxal's analysis: V2 Retail Ltd. reported a business update indicating ongoing network expansion ahead of…
Read the full analysis - V2 Retail Limited Postpones Proposed Transfer of 70 Lakh Equity Shares Due to Technical and Regulatory IssuesInsider Trading / SASTmedium impact
Cruxal's analysis: V2 Retail Limited has deferred the planned inter-se transfer of 70 lakh equity shares…
Read the full analysis - Intimation for Closure of Trading WindowInsider Trading / SASTlow impact
- V2 Retail Limited Receives Credit Rating Upgrade to IND A/Positive/IND A1 from India RatingsCompany Updatehigh impact
Cruxal's analysis: V2 Retail Limited has secured a credit rating upgrade to 'IND A' with a Positive outlook…
Read the full analysis - V2 Retail Reports Strong Q1 FY27 Performance with 58% Revenue Growth and Aggressive Store ExpansionCompany Updatehigh impact
Cruxal's analysis: V2 Retail Limited delivered robust Q1 FY27 results, reporting a 58% year-on-year revenue…
Read the full analysis - V2 Retail Ltd schedules analyst and investor meeting for August 19, 2026Company Updatelow impact
Cruxal's analysis: V2 Retail Ltd has issued an intimation regarding a scheduled meeting with analysts and/or…
Read the full analysis - V2 Retail Limited discloses audio recording of Q1 FY27 earnings conference callCompany Updatelow impact
Cruxal's analysis: V2 Retail Limited has formally filed the audio recording of its Q1 FY27 earnings…
Read the full analysis - V2 Retail Reports Strong Q1 FY27 Performance with 58% Revenue Growth and 70% Surge in Net ProfitCompany Updatehigh impact
Cruxal's analysis: V2 Retail Limited has delivered a robust financial performance for the quarter ended June…
Read the full analysis - V2 Retail Limited Reports Strong Q1 FY27 Financials with 58% Revenue Growth and 70% PAT IncreaseCompany Updatehigh impact
Cruxal's analysis: V2 Retail Limited has released its Q1 FY27 investor presentation, showcasing robust…
Read the full analysis - V2 Retail Limited appoints M/s SMAM & CO. as Internal Auditors for FY 2026-27Company Updatelow impact
Cruxal's analysis: V2 Retail Limited has announced the appointment of M/s SMAM & CO., Chartered Accountants…
Read the full analysis - V2 Retail Limited Reports Strong Q1 FY27 Financial Results and Announces Key Senior Management AppointmentsBoard Meetinghigh impact
Cruxal's analysis: V2 Retail Limited reported robust financial performance for the quarter ended June 30…
Read the full analysis - V2 Retail Ltd reaches milestone of 400 operational storesCompany Updatemedium impact
Cruxal's analysis: V2 Retail Ltd has announced the opening of its 400th store, marking a significant…
Read the full analysis - V2 Retail Ltd schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: V2 Retail Ltd has issued an intimation regarding a scheduled meeting with analysts and…
Read the full analysis - V2 Retail Limited to Hold Board Meeting on August 13, 2026, to Approve Q1 FY27 Financial ResultsBoard Meetinglow impact
Cruxal's analysis: V2 Retail Limited has announced that its Board of Directors will convene on Thursday…
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