Stories
V2 Retail Shares Plummet 18% on Record-Breaking Monday After Q2 Business Update
C
CNBC TV18•05-10-2026, 09:39
V2 Retail Shares Plummet 18% on Record-Breaking Monday After Q2 Business Update
- •V2 Retail Ltd. shares plunged 18% on Monday, October 5, marking its biggest single-day fall since March 2020, following its second-quarter business update.
- •The company reported a 28.4% year-on-year revenue growth for the September quarter, reaching ’905 crore, driven by store network expansion.
- •Same-store-sales growth was a mere 0.5% on a festive-normalized basis, attributed to the timing shift of Navratri and Durga Puja to the October-December period.
- •On a calendar basis, same-store sales growth stood at 14.9% year-on-year, with monthly sales per square foot at ’700, excluding the festive season.
- •V2 Retail opened 49 new stores and closed three during the quarter, focusing expansion on high-potential tier-2 and tier-3 markets, and soft-launched V2Kart e-commerce in Delhi NCR and Lucknow.
Key Questions Answered
V2 Retail shares dropped 18% on Monday, October 5, following the release of their second quarter business update over the long weekend, marking the stock's biggest single-day fall since March 2020.
V2 Retail reported a standalone revenue growth of 28.4% year-on-year to ₹905 crore. On a festive-normalized basis, the same-store-sales growth was 0.5%, while calendar-basis same-store sales growth stood at 14.9% year-on-year.
V2 Retail opened 49 new stores and closed three during the September quarter, bringing its total network to 427 stores across a retail footprint of 46.28 lakh square feet.
