V2 Retail (BOM:532867) Gross Margin %: 30.29% (As of Mar. 2026) — Near Median


BOM:532867 V2 Retail Ltd BOM:532867
86 GF Score
Price ₹220.40
GF Value ₹252.02
Valuation Modestly Undervalued
! 3 Warning Signs
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What is V2 Retail Gross Margin %?

V2 Retail BOM:532867 -0.54% 86 Gross Margin % is 30.29% as of Mar. 2026, which is 1% above its 10-year median of 30.08. GuruFocus rates BOM:532867 with a GF Score™ of 86/100 and a GF Value™ of ₹252.02 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,112 Retail - Cyclical companies, V2 Retail ranks worse than 61.51% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. V2 Retail's Gross Profit for the three months ended in Mar. 2026 was ₹2,414 Mil. V2 Retail's Revenue for the three months ended in Mar. 2026 was ₹7,970 Mil. Therefore, V2 Retail's Gross Margin % for the quarter that ended in Mar. 2026 was 30.29%.

Warning Sign:

V2 Retail Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.2%.


The historical rank and industry rank for V2 Retail's Gross Margin % or its related term are showing as below:

BOM:532867' s Gross Margin % Range Over the Past 10 Years
Min: 27.73   Med: 30.08   Max: 32.82
Current: 30.24


During the past 13 years, the highest Gross Margin % of V2 Retail was 32.82%. The lowest was 27.73%. And the median was 30.08%.

BOM:532867's Gross Margin % is ranked worse than
61.51% of 1112 companies
in the Retail - Cyclical industry
Industry Median: 36.24 vs BOM:532867: 30.24

V2 Retail had a gross margin of 30.29% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for V2 Retail was -1.20% per year.


V2 Retail  (BOM:532867) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

V2 Retail had a gross margin of 30.29% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


V2 Retail Gross Margin % Related Terms


V2 Retail Gross Margin % Historical Data

* Premium members only.

The historical data trend for V2 Retail's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

V2 Retail Gross Margin % Chart

V2 Retail Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.82 31.30 30.12 29.22 29.90

V2 Retail Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.67 29.48 27.97 32.43 30.29

BOM:532867 vs TJX, ROST, BURL: Gross Margin % Comparison

For the Apparel Retail subindustry, V2 Retail's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


V2 Retail Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, V2 Retail's Gross Margin % distribution charts can be found below:

* The bar in red indicates where V2 Retail's Gross Margin % falls into.


BOM:532867
86GF Score
V2 Retail Ltd BOM:532867
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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V2 Retail Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

V2 Retail's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=9148.4 / 30601.521
=(Revenue - Cost of Goods Sold) / Revenue
=(30601.521 - 21453.161) / 30601.521
=29.90 %

V2 Retail's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=2414.3 / 7970.217
=(Revenue - Cost of Goods Sold) / Revenue
=(7970.217 - 5555.883) / 7970.217
=30.29 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 30.29% mean?
V2 Retail (BOM:532867) has a Gross Margin % of 30.29% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on V2 Retail and its competitors. This is near median its historical median of 30.08. Over the past decade, V2 Retail's Gross Margin % has ranged from 27.73 to 32.82. According to the industry distribution chart, V2 Retail ranks #684 out of 1112 companies in the Retail - Cyclical industry, placing it in the top 61.5%.
Is V2 Retail's Gross Margin % too high?
V2 Retail's current Gross Margin % of 30.29% is near median its 10-year median of 30.08. Over the past 10 years, this metric has ranged from a low of 27.73 to a high of 32.82. The Retail - Cyclical industry median Gross Margin % is 36.24. V2 Retail's value of 30.29% is 16.4% below this industry median. Based on the distribution chart, V2 Retail ranks #684 out of 1112 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, V2 Retail has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does V2 Retail's Gross Margin % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, V2 Retail ranks #684 out of 1112 companies for Gross Margin %. This places V2 Retail in the lower half of its industry. The industry median Gross Margin % is 36.24. V2 Retail's value of 30.29% is 16.4% below this benchmark. Historically, V2 Retail's own Gross Margin % has ranged from 27.73 to 32.82 over the past decade. While the company's 10-year median is 30.08 vs. the industry median of 36.24, V2 Retail has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.24, based on 1,112 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. V2 Retail's current Gross Margin % of 30.29% is 16.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on V2 Retail and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. V2 Retail's current Gross Margin % is 30.29%, which is near median its own 10-year median of 30.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V2 Retail stock overvalued right now?
Based on GuruFocus' analysis, V2 Retail (BOM:532867) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹252.02, compared to a current price of ₹220.40 — trading 12.5% below its estimated fair value. The current Gross Margin % is 30.29%, which is near median its 10-year median of 30.08 and 16.4% below the Retail - Cyclical industry median of 36.24. V2 Retail's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For V2 Retail (BOM:532867), the current Gross Margin % is 30.29% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is V2 Retail (BOM:532867) Overvalued in 2026?

Based on GuruFocus' analysis, V2 Retail stock appears to be undervalued. The current stock price of ₹220.40 is trading 12.5% below its estimated GF Value™ of ₹252.02. GuruFocus considers V2 Retail to be Modestly Undervalued.

Key valuation signals for BOM:532867:

  • Gross Margin %: 30.29% (near median its 10-year median of 30.08)
  • GF Value™: ₹252.02 vs. price of ₹220.40 (12.5% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 16.4% below the Retail - Cyclical median (#684 of 1112)

No single metric tells the full story. See the BOM:532867 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


V2 Retail Business Description

Other Exchanges V2RETAIL:India
Address Chand Road, 2nd Floor, 13, Sub. Major Laxmi, Maruti Udyog, Sector 18, Gurugram, Sarhol, HR, IND, 122015
V2 Retail Ltd is a retail company. The company is engaged in the business of retail sales of garments, textiles, and accessories in India. It carries out its business as a trader, dealer, whole seller, agent, distributor, consignor, consignee, retailer, job work, scourer, spinner, weaver, finisher, dyer, tailor and draper, and cutter of garments. Geographically, it derives all of its revenue from India. The company derives the majority of its revenue from the sale of apparel.
86GF Score

Get the complete analysis for BOM:532867

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹220.40
Price
₹252.02
GF Value