V2 Retail Limited delivered robust Q3 FY26 results, with standalone revenue reaching ₹927 crore compared to ₹591 crore in Q3 FY25, representing a 57% year-on-year growth. The company achieved a normalized same-store sales growth (SSSG) of 12.8%, adjusted for the Durga Puja festival shift from Q3 to Q2 FY26. The cumulative SSSG for Q2 and Q3 FY26 stood at 10.4%, with cumulative sales growth of 68%. Monthly sales per square feet (PSF) reached ₹1,032 during Q3 FY26, indicating faster ramp-up and improving productivity of recent store additions.
The fashion retailer successfully added 35 new stores during the quarter, with strategic focus on consumption-driven demand in Tier 2 and Tier 3 cities. The total retail footprint expanded to 31.93 lakh square feet across India with store count standing at 294 stores as of December 31, 2025. This expansion has significantly strengthened the company's presence in high-growth Tier 2 and Tier 3 markets. Performance was supported by data-led assortment curation and high sell-through rates, enabling the company to maintain healthy margins with minimal markdowns.
The 9M FY26 (April-December 2025) results reflect a transformative phase for V2 Retail, marked by aggressive network expansion and evolution from regional to national footprint. Standalone revenue from operations grew 63% to ₹2,262 crore for the nine months ended December 31, 2025. The company achieved same-store sales growth (SSSG) of 8.6% for 9M FY26 with monthly sales per square feet at ₹981. The retailer recorded a net addition of 105 new stores with one closure during 9M FY26.
The encouraging performance of new stores in non-core territories such as Maharashtra, Punjab, Rajasthan, and South India has strengthened management's confidence to maintain an aggressive expansion trajectory. The 9M performance reinforces the portability of the company's 'Value and Variety' model across geographies. Shares of V2 Retail Limited were last trading on BSE at ₹2,435.50 compared to the previous close of ₹2,451.95, with total shares traded during the day at 2,034 in over 285 trades. The stock hit an intraday high of ₹2,454.25 and intraday low of ₹2,397.10.
