V2 Retail Limited · NSE:V2RETAIL
V2 Retail — Q2 FY2025 Earnings Presentation
39 slides from V2 Retail's earnings presentation, Oct 24, 2024
Slide 1: V2 Retail Limited - Investor Presentation Q2 FY25 Cover Letter
V2 Retail Limited 24th October, 2024 BSE Ltd. National Stock Exchange of India Ltd. Corporate Relation Department, Listing Department Listing Department, Exchange Plaza, C-1, Block- G, Rotunda Building, PJ Towers, Bandra Kurla Complex Dalal Street, Mumbai – 400 023. Bandra (East) Mumbai–400 051 Scri
Slide 2: Q2 & H1 FY25 Investor Presentation
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Slide 3: Q2 & H1 FY25 Performance Highlights
Q2 & H1 FY25 Performance Highlights
Slide 4: Q2 & H1 FY25 Performance Highlights (Consolidated)
Q2 & H1 FY25 Performance Highlights (Consolidated) Revenue Gross Profit EBIDTA PAT Q2 FY25 ₹ 380.0 crore +64% ₹ 103.8 crore +60% ₹ 33.1 crore +66% ₹ (1.9) crore +71% 27.3% 8.7% (0.5%) H1 FY25 ₹ 795.0 crore +61% ₹ 224.0 crore +54% ₹ 88.5 crore +60% ₹ 14.4 crore +2,551% 28.2% 11.1% 1.8% 3 3
Slide 5: Key Operational Highlights Q2 FY25
Key Operational Highlights Q2 FY25 Sales Per Square Feet 08 01 Same Stores Sales Growth Sales per square feet (PSF) per Same stores sales growth (SSG) month was ₹ 904 in Q2FY25 as stood at ~34% for Q2FY25. compared to ₹ 695 in Q2FY24. Stores Count & Retail Area 07 02 Volume Growth 139 Stores at the
Slide 6: Key Operational Highlights H1 FY25
Key Operational Highlights H1 FY25 Sales Per Square Feet 08 01 Same Stores Sales Growth Sales per square feet (PSF) per Same stores sales growth (SSG) month was ₹ 979 in H1FY25 as stood at ~36% for H1FY25. compared to ₹ 746 in H1FY24. Stores Count & Retail Area 07 02 Volume Growth 139 Stores at the
Slide 7: Q2 & H1 FY25 Financial Highlights (Consolidated)
Q2 & H1 FY25 Financial Highlights (Consolidated) Revenue (₹ Cr) Gross Profit (₹ Cr) EBIDTA (₹ Cr) PAT (₹ Cr) (20.1)% (11.1)% 66% 14 2,551% 1 (2) (6) Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 6 6
Slide 8: Q2 & H1 FY25 Profit & Loss - Consolidated
Q2 & H1 FY25 Profit & Loss - Consolidated Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 FY24 % Change % Change Revenue from Operations 380.0 231.3 64% 415.0 795.0 494.9 61% 1,164.7 Cost of M aterial Consumed 259.2 151.4 280.1 539.4 323.4 766.8 Direct Expenses 17.0 15.0 14.7
Slide 9: Q2 & H1 FY25 Profit & Loss – Consol. (Pre Ind As)
Q2 & H1 FY25 Profit & Loss – Consol. (Pre Ind As) Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 FY24 % Change % Change Revenue from Operations 380.0 231.3 64% 415.0 795.0 494.9 61% 1,164.7 Cost of M aterial Consumed 259.2 151.4 280.1 539.4 323.4 766.8 Direct Expenses 17.6 15
Slide 10: Balance Sheet - Consolidated
Balance Sheet - Consolidated Particulars (₹ in Cr) FY2024 FY2023 FY2022 Particulars (₹ in Cr) FY2024 FY2023 FY2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 116.1 98.6 102.9 Equity share capital 34.6 34.4 34.4 Capital Work in Progress 0.2 0.1 - Other equit
Slide 11: Q2 & H1 FY25 Profit & Loss - Standalone
Q2 & H1 FY25 Profit & Loss - Standalone Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 FY24 % Change % Change Revenue from Operations 380.0 231.3 64% 415.0 795.0 494.9 61% 1,164.7 COGS 286.6 171.9 304.7 591.3 361.9 845.1 Gross Profit 93.4 59.4 57% 110.3 203.7 133.1 53% 319.7
Slide 12: Q2 & H1 FY25 Profit & Loss – Standalone (Pre Ind As)
Q2 & H1 FY25 Profit & Loss – Standalone (Pre Ind As) Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 FY24 % Change % Change Revenue from Operations 380.0 231.3 64% 415.0 795.0 494.9 61% 1,164.7 COGS 286.6 171.9 304.7 591.3 361.9 845.1 Gross Profit 93.4 59.4 57% 110.3 203.7 133
Slide 13: Balance Sheet - Standalone
Balance Sheet - Standalone Particulars (₹ in Cr) H1FY25 FY2024 Particulars (₹ in Cr) H1FY25 FY2024 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 127.7 95.2 Equity share capital 34.6 34.6 Capital Work in Progress 4.1 0.2 Other equity 252.8 239.9 Right to use As
Slide 14: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (₹ in Cr) H1FY25 H1FY24 FY2024 H1FY25 H1FY24 FY2024 PBT 18.0 (1.9) 30.6 19.3 (0.1) 31.4 Adjustments 73.8 60.5 131.3 77.0 62.8 136.4 Operating profit before working capital changes 91.8 58.6 161.9 96.4 62.7 167.8 Changes in working capital (1.4)
Slide 15: Media & Promotion Campaigns
Media & Promotion Campaigns 14 14
Slide 16: Media & Promotion Campaigns
Media & Promotion Campaigns 15 15
Slide 17: New Stores Opening
ral New Stores Opening Value + Variety | Value& Value& Variety : E Variety Z WEST BENGAL Road, Opposite PNB Bank ATM, Kharagpur, PIN-721301 (WB) Ww 2retail.com 16
Slide 18: New Stores Opening
New Stores Opening Ge ‘va Values — ae | wuseaiei Grd pening ae E> h : pei Vom KARNATAEA babe H UATOLI GAJUWAK# : VISAKHAPATNAM CCELEST MALL. NEW BUS STAND, NEAR SUJATHA HOSPITAL GAJUWAKA, of poreg in NALBARI BIHAR ASSAM ou res, Pe Rend. ean) Jsanabe, Bhar 9440 NT Road, Beside HP Petrol Pump, Nalbari
Slide 19: Corporate Overview
Corporate Overview
Slide 20: About V2 Retail
About V2 Retail Its motto is “Value & Variety" can be truly identified from the range and the value of V2 Retail Limited, product portfolio it maintain across all stores. incorporated in the year 2001 under the visionary At V2 Retail, our leadership of Mr. Ram Chandra Agarwal with an mission is to o
Slide 21: Business Division / Verticals
Business Division / Verticals The key factors driving apparel business Occasions Occasions Drive Purchases Festivals| Weddings| Birthdays| Social Functions Functional Needs Discount| Offers| Sale| Replace Old Clothes | Fashion Emotional Needs • Men’s Wear – Upper, Lower, Occasion Wear, Winter Wear,
Slide 22: Inventory Management & Customer Satisfaction
Inventory Management & Customer Satisfaction 01 Product Design • In House Product development Team of 25 Manufacturing designers • Creating unique & trend setting designs • State of art manufacturing facility in Noida & • Greater control over our product portfolio Bihar • Equipped with best brand ma
Slide 23: Retail Footprint – Reaching Customers
Retail Footprint – Reaching Customers 139 Stores at the end of H1FY25 (Opened 24 & Closed 2) Retail Area ~14.82 lakh sq.ft. State No. of Stores Andhra Pradesh 1 Arunachal Pradesh 1 Assam 10 Bihar 33 Delhi & NCR 5 Goa 2 Himachal Pradesh 1 J&K 1 Jharkhand 10 Karnataka 9 Madhya Pradesh 4 Meghalaya 1 Od
Slide 24: Stores Experience
Stores Experience 23 23
Slide 25: Stores Experience
Stores Experience 24 24
Slide 26: Stores Experience
Stores Experience 25 25
Slide 27: 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 28: 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 29: Historical Financial & Operational Indicators
Historical Financial & Operational Indicators
Slide 30: Key Operational Highlights FY24
Key Operational Highlights FY24 Store Count & Retail Area Average Selling Price 117 Stores at the end of FY24 ASP was ₹ 263 in FY24 as compared to (Opened 24, Closed 9) ₹ 283 in FY23. Total Retail Area ~12.54 lakh sq.ft. Average Bill Value ABV was ₹ 797 in FY24 as compared to ₹ 797 in FY23 Same Stor
Slide 31: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (₹ in Cr) FY2020 FY2021 FY2022 FY2023 FY2024 Revenue from Operations 701.2 538.6 629.2 838.9 1,164.7 Growth (%) -23.2% 16.8% 33.3% 38.8% Gross Profit 196.0 162.8 201.6 260.1 346.0 GP Margin (%) 27.9% 30.2% 32.0% 31.0% 29.7% EBIDTA 74.9 48.5 64.7 84.0 147.8 EBID
Slide 32: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ in Cr) FY2024 FY2023 FY2022 Particulars (₹ in Cr) FY2024 FY2023 FY2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 116.1 98.6 102.9 Equity share capital 34.6 34.4 34.4 Capital Work in Progress 0.2 0.1 - Other equity
Slide 33: Standalone Profit & Loss
Standalone Profit & Loss Particulars (₹ in Cr) FY2020 FY2021 FY2022 FY2023 FY2024 Revenue from Operations 701.2 538.6 629.2 838.9 1,164.7 Growth (%) -6.3% -23.2% 16.8% 33.3% 85.1% Gross Profit 196.0 158.3 188.6 243.4 319.7 GP Margin (%) 27.9% 29.4% 30.0% 29.0% 27.4% EBIDTA 76.0 48.8 60.7 78.8 142.4
Slide 34: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ in Cr) FY2024 FY2023 FY2022 Particulars (₹ in Cr) FY2024 FY2023 FY2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 95.2 85.7 91.6 Equity share capital 34.6 34.4 34.4 Capital Work in Progress 0.2 0.1 - Other equity 239.
Slide 35: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (₹ in Cr) FY2024 FY2023 FY2024 FY2023 PBT 30.6 (18.8) 31.4 (17.0) Adjustments 131.3 108.1 136.4 111.7 Operating profit before working capital changes 161.9 89.3 167.8 94.7 Changes in working capital (76.2) (10.4) (73.6) (9.4) Cash generated fro
Slide 36: Robust Standalone Financial Performance
Robust Standalone Financial Performance Revenue (₹ Cr) EBIDTA (₹ Cr) & EBIDTA Margin 160 12.2% 140 10.8% 9.7% 120 9.4% 9.1% 100 1,165 80 76 142 839 60 701 40 79 629 539 49 20 61 - FY2020 FY2021 FY2022 FY2023 FY2024 FY2020 FY2021 FY2022 FY2023 FY2024 EBIDTA Margin (%) PBT (₹ Cr) PAT (₹ Cr) 35 35
Slide 37: 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) 36 36 36
Slide 38: 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 39: Thank You
IMEN'S WEAR | aul | KIDS WEAR | LIFESTYLE a | Thank You Investor Relation Advisor 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@ma