V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q4 FY2026 Earnings Presentation
37 slides from V2 Retail's earnings presentation, May 2026
Slide 1: Value & Variety Q4 & FY26 Investor Presentation
Value& Variety Q4 & FY26 Investor Presentation
Slide 2: Q4 & FY26 Performance Highlights
ww py Vous Variety Q4 & FY26 Performance Highlights
Slide 3: Q4 & FY26 Performance Highlights (Consolidated)
Q4 & FY26 Performance Highlights (Consolidated) Revenue Gross Profit EBITDA PAT Q4FY26 ₹ 797.0 Cr +60% ₹ 241.4 Cr +75% ₹ 109.1 Cr +89% ₹ 17.5 Cr +172% 30.3% 13.7% 2.2% FY26 ₹ 3,067.1 Cr +63% ₹ 927.1 Cr +68% ₹ 455.5 Cr +77% ₹ 162.1 Cr +125% 30.2% 14.9% 5.3% Manufacturing Leading the way in Affordable
Slide 4: Key Operational Highlights Q4 FY26
Key Operational Highlights Q4 FY26 Same Stores Sales Growth (SSG) Volume growth for Q4FY26 stood Men’s Wear 41%, Ladies Wear 26% stood at ~7.74% for Q4FY26 at 53% (Y-o-Y). Kids Wear 25% & LifeStyle 8% Same Stores Volume Revenue Mix Sales Growth Growth ABV was ₹ 925 in Q4FY26 as ASP was ₹ 321 in Q4FY
Slide 5: Key Operational Highlights FY26
Key Operational Highlights FY26 Same Stores Sales Growth (SSG) Volume growth for FY26 stood at Men’s Wear 41%, Ladies Wear 28% stood at ~8.58% for FY26 47% (Y-o-Y). Kids Wear 24% & LifeStyle 7% Same Stores Volume Revenue Mix Sales Growth Growth ABV was ₹ 925 in Q4FY26 as ASP was ₹ 327 in FY26 as MRP
Slide 6: Total Stores: Our Presence Across India
TOTAL STORES 325 Our Presence Across India Value & Variety STATE / UNION TERRITORY NO. OF STORES @ Uttar Pradesh 54 © Andhra Pradesh =a _ 5 @ Arunachal Pradesh = 3 aie al @ Assam =a 24 3 © Bihar 49 © Chhattisgarh og 3 Rajasthan re @ Delhi & NCR Lr 12 aS @ Goo [= J D aegeiare © Gujorat =a 2 ai @ Hery
Slide 7: Q4 & FY26 Financial Highlights (Consolidated)
Q4 & FY26 Financial Highlights (Consolidated) Revenue (₹ Cr) Gross Profit (₹ Cr) 30.2% 63% 68% 29.3% 3,067 927 1,884 60% 30.3% 75% 551 797 27.6% 499 33% 241 138 Q4 FY26 Q4 FY25 FY26 FY25 Q4 FY26 Q4 FY25 FY26 FY25 EBIDTA (₹ Cr) PAT (₹ Cr) 14.9% (20.1)% (11.1)% 125% 77% 13.7% 455 162 17.4% 12.9% 13.7%
Slide 8: Q4 & FY26 Operational Parameters
Q4 & FY26 Operational Parameters Sales Per Square Feet (PSF) per Month (₹) Same Stores Sales Growth (SSG) Average Bill Value (ABV) (₹) Average Selling Price (ASP) (₹) 8 8
Slide 9: Q4 & FY26 Profit & Loss - Consolidated
Q4 & FY26 Profit & Loss - Consolidated Y-O-Y Y-O-Y Particulars (₹ Cr) Q4 FY26 Q4 FY25 Q3 FY26 FY26 FY25 % Change % Change Revenue from Operations 797.0 498.5 60% 929.2 3,067.1 1,884.5 63% Cost of M aterial Consumed 555.4 357.4 627.4 2,136.7 1,285.3 Direct Expenses 0.2 3.4 0.4 3.2 48.0 COGS 555.6 360
Slide 10: Q4 & FY26 Profit & Loss – Consol. (Pre Ind As)
Q4 & FY26 Profit & Loss – Consol. (Pre Ind As) Y-O-Y Y-O-Y Particulars (₹ Cr) Q4 FY26 Q4 FY25 Q3 FY26 FY26 FY25 % Change % Change Revenue from Operations 797.0 498.5 60% 929.2 3,067.1 1,884.5 63% Cost of M aterial Consumed 555.4 357.4 627.4 2,136.7 1,285.3 Direct Expenses 0.2 3.5 0.4 3.1 49.7 COGS 5
Slide 11: Q4 & FY26 Profit & Loss - Standalone
Q4 & FY26 Profit & Loss - Standalone Y-O-Y Y-O-Y Particulars (₹ Cr) Q4 FY26 Q4 FY25 Q3 FY26 FY26 FY25 % Change % Change Revenue from Operations 798.1 498.5 60% 927.3 3,060.0 1,884.5 62% COGS 557.0 366.6 623.4 2,134.5 1,366.9 Gross Profit 241.1 131.9 83% 303.9 925.5 517.6 79% GP Margin % 30.2% 26.5%
Slide 12: Q4 & FY26 Profit & Loss – Standalone (Pre Ind As)
Q4 & FY26 Profit & Loss – Standalone (Pre Ind As) Y-O-Y Y-O-Y Particulars (₹ Cr) Q4 FY26 Q4 FY25 Q3 FY26 FY26 FY25 % Change % Change Revenue from Operations 798.1 498.5 60% 927.3 3,060.0 1,884.5 62% COGS 557.0 366.6 623.4 2,134.5 1,366.9 Gross Profit 241.1 131.9 83% 303.9 925.5 517.6 79% GP Margin %
Slide 13: Media & Promotion Campaigns
Media & Promotion Campaigns 13 13
Slide 14: Media & Promotion Campaigns
Media & Promotion Campaigns 14 14
Slide 15: Media & Promotion Campaigns
Media & Promotion Campaigns 15 15
Slide 16: Select New Stores Opening
Select New Stores Opening 16 16
Slide 17: Select New Stores Opening
Select New Stores Opening 17 17
Slide 18: Corporate Overview
Corporate Overview Sustained Growth. STRONG BRAND EXPANDING REACH . PRODUCT EXCELLENCE cO> PEOPLE & CULTURE Deepening customer More stores, broader Trendy, quality fashion for | 77S) Empowered teams driving Stronger Tomorrow. love & loyalty presence everyday India sustainable growth Focused on Profi
Slide 19: About V2 Retail
About V2 Retail Overview Value & Variety Established in 2001 under the visionary Our motto 'Value & Variety' comes to life leadership of Mr. Ram Chandra Agarwal, through a wide-ranging product portfolio V2 Retail Limited was founded with the that delivers exceptional quality and mission to offer qua
Slide 20: Revenue Mix & Growth Drivers
Revenue Mix & Growth Drivers The key factors driving apparel business Revenue Mix (%) Occasions Drive 12% 12% 12% 8% 7% Functional Needs Purchases 24% 25% Discount| Offers| Sale| 27% 27% 26% Festivals | Weddings | Replace Old Clothes | Social Functions Fashion 27% 28% 25% 25% 26% 37% 37% 37% 40% 41%
Slide 21: Product Design to Customer Delight at Retail Stores
Product Design to Customer Delight at Retail Stores In House Product development Team of 60 including designers Mix of own designed products as well as procure 325 Stores in more than 225 high quality products at a Warehouse & cities and 25 states Job Work value Creating unique & trend Logistic sett
Slide 22: Store Experience
Store Experience 22 22
Slide 23: Store Experience
Store Experience Value & Variety
Slide 24: Store Experience
Store Experience Value & Variety 24
Slide 25: Board of Directors
Board of Directors Mr. Ram Chandra Agarwal, Ms. Uma Agarwal, Mr. Akash Agarwal, Chairman & Managing Director Whole Time Director Whole Time Director • Mr. Agarwal holds a bachelor’s degree in • Mrs. Agarwal holds a bachelor’s degree in • Mr. Akash Agarwal holds an International Commerce. Arts. MBA f
Slide 26: Independent Directors
Independent Directors Dr. Arun Kumar Roopanwal Mrs. Archana S Yadav Mr. Srinivas Anand Mannava Independent Director Independent Director Independent Director • He has over 35 Years of • A Chartered Accountant in • Post-Graduate Program in extensive experience in practice with more than 14 years Busi
Slide 27: Historical Financials & Operational Indicators
Historical Financials & Operational Indicators
Slide 28: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (₹ in Cr) FY2022 FY2023 FY2024 FY2025 FY2026 Revenue from Operations 629 839 1,165 1,884 3,067 Growth (%) 17% 33% 39% 62% 63% Gross Profit 202 260 346 551 927 GP Margin (%) 32% 31% 30% 29% 30% EBIDTA 65 84 148 258 455 EBIDTA Margin (%) 10% 10% 13% 14% 15% Other
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ in Cr) FY2026 FY2025 FY2024 Particulars (₹ in Cr) FY2026 FY2025 FY2024 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 310 210 116 Equity share capital 36 35 35 Capital Work in Progress 36 4 0 Other equity 866 312 240 Ri
Slide 30: Standalone Profit & Loss
Standalone Profit & Loss Particulars (₹ in Cr) FY2022 FY2023 FY2024 FY2025 FY2026 Revenue from Operations 629 839 1,165 1,884 3,060 Growth (%) 17% 33% 39% 62% 62% Gross Profit 189 243 320 518 926 GP Margin (%) 30% 29% 27% 27% 30% EBIDTA 61 79 142 252 466 EBIDTA Margin (%) 10% 9% 12% 13% 15% Other In
Slide 31: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ in Cr) FY2026 FY2025 FY2024 Particulars (₹ in Cr) FY2026 FY2025 FY2024 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 310 193 95 Equity share capital 36 35 35 Capital Work in Progress 36 4 0 Other equity 866 310 240 Right
Slide 32: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (₹ in Cr) FY2026 FY2025 FY2026 FY2025 PBT 216 97 215 98 Adjustments 286 152 284 157 Operating profit before working capital changes 502 249 499 256 Changes in working capital (545) (32) (549) (29) Cash generated from operations (43) 216 (51) 22
Slide 33: Robust Financial Performance (Consolidated)
Robust Financial Performance (Consolidated) Revenue (₹ Cr) EBIDTA (₹ Cr) & EBIDTA Margin PBT (₹ Cr) PAT (₹ Cr) 33 33
Slide 34: Key Operating Matrix - Consolidated
Key Operating Matrix - Consolidated Store Count Retail Space (lakh sq.ft.) Sales Per Sq. Ft. (₹ Per Month) Rent Per Sq. Ft. (₹ Per Month) 34 34 34
Slide 35: Operational Parameters (Consolidated)
Operational Parameters (Consolidated) Inventory (Days of Sales) Creditors (Days of Sales) Net Working Capital (Days of Sales) Return on Equity (ROE) 35 35
Slide 36: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by V2 Retail Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and
Slide 37: Thank you!
Py voues Variety Thank, you! Dr. Rahul Porwal / Mr. Amit Porwal Mr. Shivam Aggarwal Marathon Capital Advisory Private Limited Company Secretary & Compliance Officer Tel : +#91-22-40030610 / 9967576900 / 9819773905 V2 Retail Limited Email : rahul@marathoncapital.in / amit@marathoncapital.in Tel : +91