V2 Retail Ltd (NSE:V2RETAIL)

Q2 2026 V2 Retail Ltd Earnings Call Transcript

Nov 16, 2025 / 05:30 AM GMT

Release Date Price: ₹239.72 (+0.96%)

Transcript

Key Points

Positve

V2 Retail Ltd (BOM:532867) reported an impressive 86% year-on-year revenue growth for Q2 FY26, showcasing strong business momentum.
The company opened 43 new stores in Q2 and achieved a net addition of 70 new stores in the first half of the financial year, expanding its total store count to 259.
Same-store sales growth (SSSG) for the first six months stood at 13.3%, indicating healthy performance across existing stores.
The company recorded a significant 465% year-on-year growth in EBITDA for Q2, reflecting strong operational leverage.
V2 Retail Ltd (BOM:532867) is strategically expanding into underserved rural markets and deeper into tier 1 and tier 2 cities, broadening its customer base.

Negative

The company faces challenges in finding suitable technology partners for its planned omnichannel expansion, delaying its e-commerce integration.
High attrition rates at the store level, particularly among minimum wage staff, pose operational challenges.
Despite strong revenue growth, the company maintains a cautious EBITDA margin guidance due to the high number of new store openings.
The company is experiencing stock shortages due to higher-than-expected sales, indicating potential supply chain constraints.
There are concerns about the company's management structure, with some key positions reportedly vacant or experiencing high turnover.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VREL.NS - V2 Retail Ltd
Q2 2026 V2 Retail Ltd Earnings Call
Nov 17, 2025 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the V2 Retail Limited Q2 and H1FY26 conference call hosted by Marathon Capitals. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone. Before we begin, a brief disclaimer. The presentation which V2 Retail Limited has uploaded on the stock exchange and their website, including the discussion during this call, contains or may contain certain forward-looking statements concerning V2 Retail Limited business prospects and profitability which are subject to several risks and

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