V2 Retail Ltd

Meeting Details

• Date/time: August 14, 2026; time not disclosed.
• Type/Mode: virtual earnings conference call conducted digitally.
• Event/Organizer: V2 Retail Limited Q1 FY27 Conference Call.

Participants

• Key company participants: CEO; Company Secretary & Compliance Officer.

Purpose

• Purpose: discuss Q1 FY27 earnings results and outlook.

Availability

• Transcript will be uploaded on the company website.
• Earnings presentation and press release available on exchanges and company website.

Meeting Details

• Date and time: August 19, 2026, 9:00 am–5:00 pm
• Meeting type: One-on-One and Group meetings; mode: physical
• Organizer: Motilal Oswal Global Investor Conference
• Event: 22nd Annual Conference
• Venue: Mumbai
• Q1 FY27 investor presentation available on company website

Meeting Details

• Date of conference call: Friday, August 14, 2026.
• Type and mode: virtual group conference call conducted digitally.
• Event/organiser: Q1 FY27 earnings conference call.
• Key participants from company: Company Secretary & Compliance Officer.
• Purpose: earnings/results discussion with analysts/investors.
• Recording: audio recording available on the company's website.

Financial highlights

• Revenue ₹997.2 Cr; up 58% YoY in Q1 FY27
• Gross profit ₹285.0 Cr; margin 28.6%
• EBITDA ₹139.5 Cr; margin 14.0%
• PAT ₹41.9 Cr; up 70% YoY

Operational expansion

• 381 stores as of June 30, 2026; 56 net stores added in Q1
• Total retail area ~40.7 lakh sq ft
• SSSG ~7.5% in Q1 FY27
• 57 stores opened, 1 closed in Q1; 400-store milestone reached

Outlook and strategy

• Focus on profitable growth, capital efficiency, disciplined execution
• Investments in analytics-driven merchandising and agile supply chain
• Plan to sustain growth with strong store economics and returns

Q1 FY27 Highlights

• Revenue from operations ₹997.2 Cr, up 58% YoY.
• Gross profit ₹285.0 Cr, margin 28.6%.
• EBIDTA ₹139.5 Cr, EBITDA margin 14.0%.
• PAT ₹41.9 Cr, margin 4.2%.
• Store count 381 at end, opened 57, closed 1.
• Total retail area ~40.7 lakh sq ft.
• SSG growth ~7.5% in Q1 FY27.
• ABV ₹941 in Q1 FY27 vs ₹901 Q1 FY26.
• ASP ₹308 in Q1FY27 vs ₹303 Q1FY26.

Internal Auditor Appointment

• Appointed internal auditors: M/s SMAM & CO., for FY 2026-27.
• Effective date: August 13, 2026 (Board meeting).
• Approved on Audit Committee recommendation.
• Profile: SMAM & CO. has extensive audit, tax, and advisory experience.

Consolidated financial highlights

• Revenue for Q1 FY27: ₹997.2 crore, up 58% YoY.
• Gross profit ₹285.0 crore; gross margin 28.6%.
• EBITDA ₹139.5 crore; EBITDA margin 14.0%.
• PAT ₹41.9 crore; up 70% YoY.
• SSSG 7.5% in Q1 FY27.

Operational and store development

• Total stores: 381 across ~40.7 lakh sq ft.
• Net store additions in Q1 FY27: 56 (57 opened, 1 closed).
• Crossed 400-store milestone post-Q1 FY27.
• Share of full-price sales: 90% in Q1 FY27.
• Invested in analytics-driven merchandising and agile supply chain.

Performance snapshot

• Revenue from operations ₹997.2 Cr, up 58% YoY.
• EBIDTA ₹139.5 Cr, margin 14.0%.
• PAT ₹41.9 Cr, margin 4.2%.
• PBT ₹51.6 Cr, margin 5.2%.
• SSG 7.5% in Q1 FY27.
• Store count 381 at end Q1 FY27 (opened 57, closed 1).
• Retail area 40.7 lakh sq ft; ASP ₹308; ABV ₹941.
• MRP sales at 90% in Q1 FY27 vs 92% in Q1 FY26.
• NWC days 74; improved from 81 in FY26.

Operational & capital structure

• Cash & cash equivalents ₹6 Cr at FY26 year end.
• Cash flow: operating cash negative ₹103 Cr in FY26; cash generated from operations ₹-51 Cr.
• Total assets ₹2,422 Cr; total equity ₹902 Cr (FY26).
• Lease liabilities ₹741 Cr (non-current ₹570, current ₹171).
• Board composition: Chairman & MD Ram Chandra Agarwal; Independent Directors Dr. Arun Kumar Roopanwal, Archana S Yadav, Srinivas Anand Mannava.

Internal Auditor Appointment

• Board approved the appointment of M/s SMAM & CO., Chartered Accountants as Internal Auditors for FY 2026-27.
• Board meeting on 13 August 2026 approved the appointment on Audit Committee's recommendation.
• Internal Auditor firm details: M/s SMAM & CO., Chartered Accountants (FRN 028845C).
• Annexure-A contains the disclosure required under Regulation 30 of SEBI LODR.

Financial results approved

• Unaudited standalone results for Q1 FY2026 ended June 30 approved.
• Unaudited consolidated results for Q1 FY2026 ended June 30 approved.
• Audit Committee reviewed results; Board approved.
• Group reports single retail segment across India.
• Stock split approved; face value Rs10 to Rs1; record date 26 March 2026.
• EPS and equity base restated following split.

Key appointments

• Manu Agarwal appointed President Buying & Merchandising; Senior Management from 13 Aug 2026.
• Dinesh Malpani appointed President Operations; Senior Management from 13 Aug 2026.

Capital actions

• Equity stock split; record date March 26, 2026.
• Share capital post-split restated; EPS restated accordingly.

Asset acquisitions

• Acquired inventory and PP&E for 12 stores from AARKey Retail Private Limited in June 2026.

Regulatory / accounting notes

• Rs 1,206.23 lakh BCCL advance considered recoverable through 2028 extension.
• Auditors' review completed; no material misstatement identified.
• Consolidated results include a subsidiary not reviewed by the auditor.