V2 Retail delivered impressive financial results for the June quarter, with net profit rising 68% year-on-year to ₹42 crore from ₹25 crore in the previous year. According to reports from NDTV Profit, revenue grew 57.8% to ₹997 crore from ₹632 crore, demonstrating robust top-line growth. The company's EBITDA increased 59.8% to ₹139 crore from ₹87 crore, while EBITDA margin remained largely stable at 13.9% compared with 13.8% in the year-ago quarter.
V2 Retail continued its aggressive retail expansion during the quarter, as reported by NDTV Profit. The company added 75 net new stores in the current financial year and opened its 400th store, marking a significant milestone in its retail footprint expansion. This continued store addition strategy demonstrates the company's commitment to scaling its retail presence across various markets.
Alongside the quarterly results, V2 Retail announced two senior management appointments effective August 13, 2026. According to the company's filing, the Board of Directors approved the appointment of Manu Agarwal as President of Buying & Merchandising, who will be designated as Senior Management Personnel. Additionally, the Board approved the appointment of Dinesh Malpani as President of Operations, also effective August 13, 2026, with both appointments designed to strengthen the company's operational capabilities.
Despite the strong financial performance, V2 Retail shares remained muted with a marginal decline of 0.3% on Thursday afternoon. As reported by NDTV Profit, the stock was trading at ₹218.7 per share on NSE around 2:35 pm. The muted market response suggests investors are taking a cautious approach despite the company's impressive growth metrics and continued expansion strategy.
