Q4 2026 V2 Retail Ltd Earnings Call Transcript
Key Points
- V2 Retail Ltd (BOM:532867) reported a 60% year-on-year revenue growth for Q4, significantly outpacing the broader market.
- The company achieved a record PAT of INR17.5 crores for the quarter, compared to INR6.4 crores in the corresponding quarter last year.
- EBITDA for the quarter grew by 89% year-on-year, with an improved EBITDA margin of 13.7%.
- V2 Retail Ltd (BOM:532867) added 136 stores during FY26, expanding its footprint to over 350 stores nationwide.
- The company plans to open 170 to 200 new stores in the coming year, indicating strong growth momentum and expansion strategy.
- The company has increased its safety stock due to geopolitical tensions, resulting in higher inventory levels.
- There is a potential impact on margins due to increased yarn prices, which the company plans to pass on to customers.
- The sales per square foot for new stores is lower than that of mature stores, which may affect overall profitability in the short term.
- The company has written off assets with a carrying value of INR5.77 crores, resolving an earlier audit qualification.
- Depreciation has increased materially due to a one-time accounting change, impacting financial results.
Ladies and gentlemen, good day, and welcome to the V2 Retail Limited Q4 FY26 earnings conference call. (Operator Instructions) Please note that this conference has been recorded.
Before we begin, a brief disclaimer, a presentation, which V2 Retail Limited has uploaded on the stock exchange and their website, including the discussion during this call contain or may not contain certain forward-looking statements considering V2 Retail Limited business prospects and profitability's, which are subject to several risks and uncertainties and the actual results could materially differ from those in such forward-looking statements.
I now hand the conference over to Mr. Akash Agarwal, Director and CEO of V2 Retail Limited. Thank you, and over to you, sir.
Good afternoon, everyone, and a very warm welcome to the V2 Retail Limited quarter four and FY26 earnings conference call. Thank you for joining us today. We trust you've had a chance to review our results. The earnings
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