Q3 2025 V2 Retail Ltd Earnings Call Transcript
Key Points
- V2 Retail Ltd (BOM:532867) reported a record PAT of INR 65.6 crores for the nine months ended December 2024, surpassing the highest-ever yearly PAT.
- The company achieved a robust same-store sales growth (SSG) of 31% in the nine months of the financial year.
- V2 Retail Ltd opened 45 new stores and closed only two, increasing the total store count to 163 by January.
- The company reported a 58% YoY growth in revenue from operations for the third quarter, reaching INR 590.9 crores.
- EBITDA for the third quarter grew by 83% YoY, with a margin increase from 16.3% to 18.9%.
- Gross margin for the nine months stood at 29.8%, slightly down from 30.3% in the corresponding period last year.
- The company anticipates that the average selling price (ASP) may not increase significantly, with a potential fluctuation of plus or minus 5% to 10%.
- V2 Retail Ltd faces challenges in maintaining consistent product delivery due to unorganized vendors lacking ERP systems.
- The company has a credit limit of INR 75 crores, primarily used for bill discounting, indicating reliance on external financing.
- Despite the positive outlook, the company acknowledges the need for continuous improvement in store aesthetics and customer experience.
Ladies and gentlemen, good day, and welcome to the V2 Retail Limited Q3 and nine Months FY '25 Conference Call (Operator Instructions)
Before we begin, a brief disclaimer. The presentation, which V2 Retail Limited has uploaded on the stock exchange and the website, including the discussions during this call contains or may contain certain forward-looking statements concerning V2 Limited business prospects and profitability, which are subject to several risks and uncertainties, and actual results could materially differ from those in such forward-looking statements.
I now hand the conference over to Mr. Akash Agarwal, Whole-Time Director, V2 Retail. Thank you, and over to you, sir.
Good morning, everyone. A very warm welcome to our third quarter and nine months FY '25 earnings conference call. I hope everyone has had an opportunity to look at our results. The presentation and press release have been uploaded on the stock exchanges and our company's website. We are
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