V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q1 FY26 Earnings Presentation
37 slides from V2 Retail's earnings presentation, August 2025
Slide 1: Q1 FY26 Investor Presentation
Value& 170+ CITIES Q1 FY26 STORES Investor Presentation
Slide 2: Q1 FY26 Performance Highlights
Q1 FY26 Performance hlights Hig
Slide 3: Q1 FY26 Performance Highlights (Consolidated)
Q1 FY26 Performance Highlights (Consolidated) Revenue Gross Profit EBITDA PAT Q1FY26 ₹ 632.2 Cr +52% ₹ 186.2 Cr +55% ₹ 87.2 Cr +57% ₹ 24.7 Cr +51% 29.5% 13.8% 3.9% FY25 ₹ 1,884.5 Cr +62% ₹ 551.3 Cr +59% ₹ 257.8 Cr +74% ₹ 72.0 Cr +159% 29.3% 13.7% 3.8% Manufacturing Leading the way in Affordable, Hig
Slide 4: Key Operational Highlights Q1 FY26
Key Operational Highlights Q1 FY26 Same Stores Sales Growth Same stores sales growth (SSG) stood at ~5% & normalised SSG was 10% for Q1FY26. Sales Per Square Feet Volume Growth Sales per square feet (PSF) per month was Volume growth for Q1FY26 stood at 50% ₹ 960 in Q1FY26 as compared to ₹ 1,061 (Y-o
Slide 5: Q1 FY26 Financial Highlights (Consolidated)
Q1 FY26 Financial Highlights (Consolidated) Revenue (₹ Cr) Gross Profit (₹ Cr) 29.3% 62% 59% 29.7% 1,884 551 1,165 29.5% 55% 52% 346 29.0% 632 415 186 33% 120 Q1 FY26 Q1 FY25 FY25 FY24 Q1 FY26 Q1 FY25 FY25 FY24 EBIDTA (₹ Cr) PAT (₹ Cr) 3.8% 13.7% (20.1)% (11.1)% 74% 159% 12.7% 258 2.4% 17.4% 12.9% 1
Slide 6: Q1 FY26 Operational Parameters (Consolidated)
Q1 FY26 Operational Parameters (Consolidated) Inventory (Days of Sales) Creditors (Days of Sales) Net Working Capital (Days of Sales) Return on Equity (ROE) 6 6
Slide 7: Q1 FY26 Operational Parameters
Q1 FY26 Operational Parameters Sales Per Square Feet (PSF) per Month (₹) Same Stores Sales Growth (SSG) Average Bill Value (ABV) (₹) Average Selling Price (ASP) (₹) 7 7
Slide 8: Q1 FY26 Profit & Loss - Consolidated
Q1 FY26 Profit & Loss - Consolidated Y-O-Y Y-O-Y Particulars (₹ Cr) Q1 FY26 Q1 FY25 Q4 FY25 FY25 FY24 % Change % Change Revenue from Operations 632.2 415.0 52% 498.5 1,884.5 1,164.7 62% Cost of Material Consumed 445.0 280.1 357.4 1,285.3 766.8 Direct Expenses 1.0 14.7 3.4 48.0 51.9 COGS 446.0 294.8
Slide 9: Q1 FY26 Profit & Loss – Consol. (Pre Ind As)
Q1 FY26 Profit & Loss – Consol. (Pre Ind As) Y-O-Y Y-O-Y Particulars (₹ Cr) Q1 FY26 Q1 FY25 Q4 FY25 FY25 FY24 % Change % Change Revenue from Operations 632.2 415.0 52% 498.5 1,884.5 1,164.7 62% Cost of Material Consumed 445.0 280.1 357.4 1,285.3 766.8 Direct Expenses 1.1 15.3 3.5 49.7 54.3 COGS 446.
Slide 10: Q1 FY26 Profit & Loss - Standalone
Q1 FY26 Profit & Loss - Standalone Y-O-Y Y-O-Y Particulars (₹ Cr) Q1 FY26 Q1 FY25 Q4 FY25 FY25 FY24 % Change % Change Revenue from Operations 629.7 415.0 52% 498.5 1,884.5 1,164.7 62% COGS 446.6 304.7 366.6 1,366.9 845.1 Gross Profit 183.1 110.3 66% 131.9 517.6 319.7 62% GP Margin % 29.1% 26.6% 26.5
Slide 11: Q1 FY26 Profit & Loss – Standalone (Pre Ind As)
Q1 FY26 Profit & Loss – Standalone (Pre Ind As) Y-O-Y Y-O-Y Particulars (₹ Cr) Q1 FY26 Q1 FY25 Q4 FY25 FY25 FY24 % Change % Change Revenue from Operations 629.7 415.0 52% 498.5 1,884.5 1,164.7 62% COGS 446.6 304.7 366.6 1,366.9 845.1 Gross Profit 183.1 110.3 66% 131.9 517.6 319.7 62% GP Margin % 29.
Slide 12: Media & Promotion Campaigns
Media & Promotion Campaigns 12 12
Slide 13: Media & Promotion Campaigns
Media & Promotion Campaigns 13 13
Slide 14: Media & Promotion Campaigns
Media & Promotion Campaigns 14 14
Slide 15: Select New Stores Opening
Select New Stores Opening 15 15
Slide 16: V2 Retail: Where Value Meets Variety
V2 Retail : Where Value Meets Variety
Slide 17: 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 18: Key Operational Highlights FY25
Key Operational Highlights FY25 Same Stores Sales Growth Same stores sales growth (SSG) stood at ~29% for FY25. Sales Per Square Feet Volume Growth Sales per square feet (PSF) per month Volume growth for FY25 stood at 43% was ₹ 1,017 in FY25 as compared to (Y-o-Y). ₹ 854 in FY24. 1 Stores Count & Re
Slide 19: Revenue Mix & Growth Drivers
Revenue Mix & Growth Drivers The key factors driving apparel business Revenue Mix (%) Occasions Functional Needs Occasions Drive Purchases Discount| Offers| Sale| Festivals| Weddings| Replace Old Clothes | Birthdays| Social Functions Fashion Kids Boy, Girls, Infants, Winter Wear Ethnic wear, Upper,
Slide 20: Product Design to Customer Delight at Retail Stores
Product Design to Customer Delight at Retail Stores 2 Job Work 4 Warehouse & Logistic 6 Customer Delight • Dedicated Job workers for own • Centralised warehouse & distribution • Ensuring a seamless process that designed products center at Gurgaon translates into superior products for • Helps in main
Slide 21: Retail Footprint – Reaching Customers
Retail Footprint – Reaching Customers 216 Stores at the end of Q1 FY26 (Opened 28 & Closed 1) Retail Area ~23.49 lakh sq.ft. State No. of Stores Andhra Pradesh 1 Arunachal Pradesh 1 Assam 15 Bihar 39 Chattisgarh 2 Delhi & NCR 9 Goa 2 Himachal Pradesh 2 J&K 3 Jharkhand 17 Karnataka 14 Madhya Pradesh
Slide 22: Stores Experience
Stores Experience 22 22
Slide 23: Stores Experience
Stores Experience 23 23
Slide 24: Stores Experience
Stores Experience 24 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) FY2021 FY2022 FY2023 FY2024 FY2025 Revenue from Operations 538.6 629.2 838.9 1,164.7 1,884.5 Growth (%) -23.2% 16.8% 33.3% 38.8% 61.8% Gross Profit 162.8 201.6 260.1 346.0 551.3 GP Margin (%) 30.2% 32.0% 31.0% 29.7% 29.3% EBIDTA 48.5 64.7 84.0 147.8 2
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ in Cr) FY2025 FY2024 FY2023 Particulars (₹ in Cr) FY2025 FY2024 FY2023 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 210.1 116.1 98.6 Equity share capital 34.6 34.6 34.4 Capital Work in Progress 4.2 0.2 0.1 Other equit
Slide 30: Standalone Profit & Loss
Standalone Profit & Loss Particulars (₹ in Cr) FY2021 FY2022 FY2023 FY2024 FY2025 Revenue from Operations 538.6 629.2 838.9 1,164.7 1,884.5 Growth (%) -23.2% 16.8% 33.3% 38.8% 61.8% Gross Profit 158.3 188.6 243.4 319.7 517.6 GP Margin (%) 29.4% 30.0% 29.0% 27.4% 27.5% EBIDTA 48.8 60.7 78.8 142.4 252
Slide 31: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ in Cr) FY2025 FY2024 FY2023 Particulars (₹ in Cr) FY2025 FY2024 FY2023 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 192.6 95.2 85.7 Equity share capital 34.6 34.6 34.4 Capital Work in Progress 4.2 0.2 0.1 Other equity 3
Slide 32: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (₹ in Cr) FY2025 FY2024 FY2025 FY2024 PBT 96.7 30.6 98.2 31.4 Adjustments 152.1 131.3 157.3 136.4 Operating profit before working capital changes 248.8 161.9 255.5 167.8 Changes in working capital (10.9) (76.4) (7.7) (73.6) Cash generated from
Slide 33: Robust Standalone Financial Performance
Robust Standalone Financial Performance Revenue (₹ Cr) EBIDTA (₹ Cr) & EBIDTA Margin PBT (₹ Cr) PAT (₹ Cr) 33 33
Slide 34: Key Operating Matrix - Standalone
Key Operating Matrix - Standalone No. of Stores & Retail Space (lakh sq.ft.) Inventory Holding Days 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) 23.2% 10.7% -5.1% FY25 FY24 FY 23 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: Value & Variety
Value& Variety MEN’S WEAR | WOMEN’S WEAR | KIDS WEAR | LIFESTYLE Investor Relation Advisor Company 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