Stories
V2 Retail Keeps 50 Percent FY27 Revenue Growth Target
- •V2 Retail maintains its FY27 revenue growth guidance of over 50 percent despite a softer same-store sales growth outlook in the second quarter.
- •CEO Akash Agarwal noted that the company achieved around 42 percent growth in the first half of the year even without Durga Puja.
- •The company expects full-year same-store sales growth to be in the 5 to 7 percent range, supported by upcoming festive shopping.
- •V2 Retail remains on an aggressive expansion path, having opened 106 stores with leases signed for another 104 locations.
- •Expansion plans are expected to be largely funded through internal accruals and cash generation.
Key Questions Answered
V2 Retail has maintained its FY27 revenue growth guidance of more than 50% despite lowering its same-store sales growth outlook amid softer demand in the second quarter, expecting a boost from the shifting of Durga Puja to October. The company reported a strong first quarter with revenue jumping 58% to ₹997 crore.
V2 Retail remains on an aggressive growth path, having already opened 106 stores and signed leases for another 104, with management expecting to end FY27 with around 200 new stores added. The company's longer-term ambition is to build a network of 2,000 stores.
V2 Retail expects its current expansion plans to be largely funded through internal accruals, as opening around 150 to 200 stores a year can be supported through internal cash generation. However, a faster expansion pace may require additional debt or equity funding.
