V2 Retail Ltd delivered exceptional financial results for Q1 FY27, with standalone revenue rising 58% year-on-year to ₹997 crore, compared with ₹630 crore in the corresponding quarter of the previous financial year. According to reports from CNBC TV18, the company attributed this performance to the strength of its growth strategy, operational execution and customer demand. The value fashion retailer also reported 7.5% year-on-year growth in same-store sales (SSSG), demonstrating the effectiveness of its merchandising and operational approach. These initiatives led to higher sell-through rates and lower markdowns, enabling the company to maintain margin discipline while reinforcing the quality of its revenue expansion.
As part of its aggressive expansion strategy, V2 Retail opened 57 new stores and closed one store during the quarter, focusing on high-potential Tier 2 and Tier 3 consumption markets. As reported by CNBC TV18, the expansion strategy aligns with the company's goal of strengthening its presence beyond metro cities. Following these additions, V2 Retail's network expanded to around 40.7 lakh sq. ft. across 381 stores as of June 30, 2026. The company continues to deepen its presence in high-growth Tier 2 and Tier 3 cities to expand its addressable customer base and strengthen its position in India's value-fashion market.
Despite opening a higher proportion of newly opened outlets during the quarter, V2 Retail maintained strong operational metrics. According to CNBC TV18 reports, monthly sales per square foot reached ₹886 in Q1 FY27, driven by sharper merchandising, faster inventory replenishment and disciplined inventory management. The company's data-driven assortment strategy and product-first approach helped improve merchandise planning, resulting in higher sell-through and lower markdowns while supporting margin discipline. The operational efficiency improvement reflects strong store productivity despite the higher proportion of newly opened stores in the network.
The strong quarterly performance was well-received by investors, with V2 Retail shares closing 5.14% higher at ₹238.44 on the NSE following the announcement. As reported by CNBC TV18, the company noted that the standalone revenue figures for the quarter are subject to limited review or audit by the statutory auditors. The positive market reaction reflects investor confidence in the company's growth strategy and operational execution in India's competitive value-fashion retail sector. The company's ability to sustain 7.5% SSSG as the proportion of new stores matures will be key to maintaining this momentum.
