V2 Retail Limited

BSE: V2RETAIL532867ISIN INE945H01021

Consumer Discretionary
Speciality Retail
BSE 1000

Share price

₹149.65-15.15 (-9.19%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

25 Mar 2026 · Split 10:1 (₹10 → ₹1)

52W high: ₹259.45
52W low: ₹145.60
Off 52W high: -42.32%
1M return: -11.21%
3M return: -31.24%
6M return: -28.19%
1Y return: -38.93%
20D avg volume: 2,33,518
50 DMA: ₹192.11
200 DMA: ₹206.94

Key ratios Consolidated

Market cap: ₹5,457 Cr
Current price: ₹149.65
52W high / low: ₹259.45 / ₹145.60
Face value: ₹1.00
P/E: 30.38
P/B: 5.67
EPS (TTM): ₹4.93
Book value / share: ₹26.37
ROE: —
ROCE: 20.60%
Operating margin: —
Net margin: —
Debt / equity: 0.28
Net debt: ₹247.95 Cr
Interest cover: 3.22
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 81.0 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	905.60	997.20	797.02	929.18	708.64	632.22	498.51	590.94	380.01	415.03	296.04	373.76
	2.48	0.99	4.08	4.28	1.08	0.92	1.86	1.19	2.51	1.39	0.94	3.02
	908.08	998.18	801.10	933.46	709.72	633.14	500.38	592.13	382.52	416.43	296.98	376.79
	883.30	946.60	778.72	823.17	688.77	599.84	490.03	523.60	384.95	394.66	296.93	345.38
	0.00	0.00	8.93	5.86	5.87	11.12	6.22	30.68	28.14	33.91	34.31	26.82
	772.20	870.31	855.40	639.14	690.62	524.65	411.66	348.75	316.60	255.57	261.58	201.94
	89.19	80.27	72.72	60.94	57.49	52.62	42.29	42.26	39.02	35.62	29.48	29.71
	29.66	24.99	24.03	21.96	27.99	22.77	21.40	17.83	14.97	13.71	12.83	11.70
	68.31	63.87	66.78	45.74	37.58	32.09	27.94	26.32	23.03	21.37	19.47	20.86
	71.87	65.29	59.78	67.14	56.79	47.35	40.96	35.78	31.74	43.81	21.90	40.05
	24.78	51.59	22.38	110.29	20.95	33.29	10.35	68.53	-2.43	21.77	0.05	31.41
	0.00	0.00	0.00	27.69	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	24.78	51.59	22.38	137.98	20.95	33.29	10.35	68.53	-2.43	21.77	0.05	31.41
	6.57	9.73	4.88	35.91	3.72	8.63	3.91	17.34	0.49	5.43	3.55	7.84
	18.21	41.85	17.51	102.07	17.23	24.66	6.44	51.19	-1.94	16.34	3.60	23.57
	0.50	1.15	0.50	29.17	4.95	7.13	1.86	14.80	-0.56	4.72	1.04	6.82
Key metrics
	122.75	140.45	113.19	205.68	86.52	88.15	59.69	112.68	35.57	56.85	32.35	63.97
	13.60%	14.10%	14.20%	22.10%	12.20%	13.90%	12.00%	19.10%	9.40%	13.70%	10.90%	17.10%
	2.00%	4.20%	2.20%	11.00%	2.40%	3.90%	1.30%	8.70%	-0.50%	3.90%	1.20%	6.30%
	3.30%	—	3.10%	—	3.30%	—	3.00%	—	—	—	—	—
	27.80%	57.70%	59.90%	57.20%	86.50%	52.30%	68.40%	58.10%	—	—	—	—
	5.70%	69.70%	171.90%	99.40%	988.10%	50.90%	78.90%	117.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,629	3,067	1,884	1,165	838.88	629.23
	11.83	10.36	6.96	7.49	6.67	15.89
	3,641	3,077	1,891	1,172	845.55	645.11
	3,432	2,890	1,793	1,141	862.50	659.97
	14.79	31.78	98.96	118.29	53.84	25.27
	3,137	2,710	1,333	777.46	481.37	390.90
	303.12	243.77	159.20	105.47	88.61	63.00
	100.64	96.75	67.91	47.22	40.55	36.57
	244.70	182.20	98.65	76.71	67.05	58.83
	264.08	231.06	182.21	92.71	112.91	73.89
	209.04	186.91	98.22	31.37	-16.95	-14.86
	27.69	27.69	0.00	0.00	0.00	0.00
	236.73	214.60	98.22	31.37	-16.95	-14.86
	57.09	52.54	26.19	3.56	4.13	3.18
	179.64	162.06	72.03	27.81	-12.82	-11.68
	31.32	4.58	20.83	8.04	-3.73	-3.40
Key metrics
	582.07	493.55	264.78	155.30	90.65	80.54
	16.04%	16.10%	14.10%	13.30%	10.80%	12.80%
	4.95%	5.30%	3.80%	2.40%	-1.50%	-1.90%
	—	20.60%	15.50%	—	—	—
	49.32%	62.80%	61.80%	38.80%	33.30%	—
	80.51%	125.00%	159.00%	316.90%	-9.80%	—
	—	-334.28	88.60	—	—	—
	—	-0.64	3.10	—	—	—
	—	0.28	0.33	—	—	—
	—	247.95	106.57	—	—	—
	—	81.0	36.6	—	—	—
Balance sheet
	—	2,422	1,628	—	—	—
	—	1,320	686.39	—	—	—
	—	5.95	9.01	—	—	—
	—	1.58	0.10	—	—	—
	—	1,142	558.24	—	—	—
	—	157.40	108.51	—	—	—
	—	309.67	210.09	—	—	—
	—	463.25	369.38	—	—	—
	—	913.93	558.25	—	—	—
	—	253.90	115.58	—	—	—
	—	229.78	96.66	—	—	—
	—	24.12	18.92	—	—	—
	—	902.33	346.30	—	—	—
Cash flow
	—	-103.43	222.95	—	—	—
	—	-218.68	-130.69	—	—	—
	—	319.04	-92.70	—	—	—
	—	230.85	134.35	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	905.60	997.20	798.14	927.30	704.89	629.70	498.51	590.94	380.01	415.03	296.04	373.76
	2.48	0.99	3.70	3.97	0.47	0.77	1.32	0.44	2.39	1.23	0.79	2.80
	908.08	998.18	801.84	931.27	705.36	630.46	499.83	591.38	382.39	416.26	296.82	376.57
	883.23	946.55	776.18	817.75	684.26	593.32	489.35	523.19	385.56	395.06	296.49	344.44
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	772.20	870.31	871.66	640.96	698.27	535.76	426.64	408.53	383.87	314.06	308.07	254.00
	89.19	80.27	72.72	60.94	57.20	48.97	38.47	37.08	32.89	29.70	25.28	25.85
	29.66	24.99	24.03	21.88	27.91	22.40	20.95	17.52	14.52	13.25	12.47	11.45
	68.31	63.87	66.78	45.45	37.30	31.69	27.16	25.61	21.80	20.17	18.29	19.78
	71.80	65.24	55.66	66.09	54.28	43.68	36.14	34.03	29.71	27.26	19.85	24.75
	24.85	51.63	25.65	113.52	21.10	37.15	10.48	68.19	-3.17	21.20	0.33	32.13
	0.00	0.00	-3.55	21.69	0.00	0.00	0.00	—	—	—	—	—
	24.85	51.63	22.10	135.21	21.10	37.15	10.48	68.19	-3.17	21.20	0.33	32.13
	6.57	9.73	3.92	35.89	3.01	9.40	3.82	17.32	0.66	5.34	3.54	8.04
	18.28	41.90	18.19	99.32	18.08	27.75	6.67	50.88	-2.51	15.86	3.87	24.09
	0.50	1.15	0.51	28.38	5.23	8.02	1.93	14.71	-0.73	4.59	1.12	6.97
Key metrics
	122.82	140.49	112.91	202.54	86.31	91.24	58.59	111.32	33.15	54.62	31.09	63.36
	13.60%	14.10%	14.10%	21.80%	12.20%	14.50%	11.80%	18.80%	8.70%	13.20%	10.50%	17.00%
	2.00%	4.20%	2.30%	10.70%	2.60%	4.40%	1.30%	8.60%	-0.70%	3.80%	1.30%	6.40%
	3.30%	—	3.10%	—	3.30%	—	3.00%	—	—	—	—	—
	28.50%	58.40%	60.10%	56.90%	85.50%	51.70%	68.40%	58.10%	—	—	—	—
	1.10%	51.00%	172.70%	95.20%	820.30%	75.00%	72.40%	111.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,628	3,060	1,884	1,165	838.88	629.23
	11.14	8.90	5.37	6.87	6.15	15.58
	3,639	3,069	1,890	1,172	845.03	644.81
	3,424	2,872	1,793	1,141	863.87	661.17
	0.00	0.00	0.00	—	—	—
	3,155	2,747	1,533	958.57	575.35	442.13
	303.12	239.82	138.14	92.65	81.68	57.61
	100.56	96.23	66.23	46.12	39.88	36.07
	244.41	181.22	94.74	72.53	63.93	56.59
	258.79	219.71	127.14	84.65	82.86	70.24
	215.65	197.41	96.71	30.59	-18.84	-16.36
	18.14	18.14	0.00	—	—	—
	233.79	215.55	96.71	30.59	-18.84	-16.36
	56.11	52.22	25.81	3.30	4.35	3.46
	177.69	163.34	70.90	27.29	-14.49	-12.90
	30.54	4.62	20.50	7.89	-4.21	-3.76
Key metrics
	578.76	493.00	257.68	149.24	84.97	76.30
	15.95%	16.10%	13.70%	12.80%	10.10%	12.10%
	4.90%	5.30%	3.80%	2.30%	-1.70%	-2.10%
	—	20.70%	15.40%	—	—	—
	49.68%	62.40%	61.80%	38.80%	33.30%	—
	71.88%	130.40%	159.80%	288.30%	-12.30%	—
	—	-327.73	82.90	—	—	—
	—	-0.59	3.00	—	—	—
	—	0.28	0.31	—	—	—
	—	248.36	100.78	—	—	—
	—	80.8	37.7	—	—	—
Balance sheet
	—	2,422	1,577	—	—	—
	—	1,315	645.73	—	—	—
	—	5.54	7.55	—	—	—
	—	0.00	0.01	—	—	—
	—	1,140	526.18	—	—	—
	—	155.89	101.37	—	—	—
	—	309.67	192.55	—	—	—
	—	462.96	331.70	—	—	—
	—	913.58	518.17	—	—	—
	—	253.90	108.33	—	—	—
	—	229.78	95.64	—	—	—
	—	24.12	12.69	—	—	—
	—	902.31	345.00	—	—	—
Cash flow
	—	-96.24	212.89	—	—	—
	—	-231.16	-128.29	—	—	—
	—	325.39	-83.26	—	—	—
	—	231.49	129.99	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +53.94%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +49.68%
Profit YoY (TTM): +71.88%

Consolidated

Sales CAGR 3Y: +54.05%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +49.32%
Profit YoY (TTM): +80.51%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 51.43%

Quarter	30 Sep 2026	September 2026	June 2026
Promoter %	51.43%	51.43%	51.43%

Holder	Type	Holding	Previous	Change
Ricon Commodities Private Limited	Promoter Group	35.28%	35.28%	0.00%
Motilal Oswal Large And Midcap Fund	Public	6.79%	6.79%	0.00%
Ram Chandra Agarwal	Promoter	5.17%	5.17%	0.00%
Akash Agarwal	Promoter Group	4.49%	4.49%	0.00%
Vishal Waterworld Pvt Ltd	Promoter Group	3.93%	3.93%	0.00%
Bandhan Small Cap Fund	Public	2.96%	2.96%	0.00%
V2 Conglomerate Limited	Promoter Group	1.73%	1.73%	0.00%
MALABAR INDIA FUND LIMITED	Public	1.45%	1.45%	0.00%
SACHIN KASERA	Public	1.37%	1.37%	0.00%
ABHIJIT PERIWAL	Public	1.14%	1.14%	0.00%
Ramchandra Agarwal HUF	Promoter Group	0.43%	0.43%	0.00%
Uma Agarwal	Promoter	0.39%	0.39%	0.00%
Shreya AgarwaL	Promoter Group	0.01%	0.01%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Trent Ltd [Lakme Ltd]	1,62,910	3,055.15	85.32	28.20%	+18.45% TTM	+18.87% TTM	-1.66%
Lenskart Solutions Limited	1,20,186	691.00	179.86	7.30%	—	—	—
Vedant Fashions Limited	12,088	497.50	—	—	+2.47% TTM	+0.75% TTM	-22.81%
Aditya Birla Lifestyle Brands Limited	9,003	73.76	43.79	13.20%	—	—	-46.22%
Aditya Vision Limited S	6,700	518.80	46.45	21.70%	+27.57% TTM	+33.48% TTM	-9.51%
V2 Retail Limited	5,457	149.65	30.38	20.60%	+49.32% TTM	+80.51% TTM	-38.93%
Aditya Birla Fashion and Retail Limited	4,969	40.71	-5.88	-3.20%	-27.21% TTM	-64.27% TTM	-51.64%
SS Retail Limited	4,820	648.10	—	—	—	—	—
Arvind Fashions Limited	4,708	352.15	23.87	21.40%	+13.47% TTM	+257.11% TTM	-35.54%
PURPLE STYLE LABS LIMITED	4,011	500.95	—	—	—	—	—
Baazar Style Retail Limited	2,860	375.70	63.19	13.60%	+34.89% TTM	+174.29% TTM	+12.77%
Shankara Buildpro Limited	2,210	182.25	3.36	39.60%	—	—	—
Go Fashion (India) Limited S	1,399	266.00	34.50	11.50%	-4.05% TTM	-54.03% TTM	-58.80%
Sai Silks (Kalamandir) Limited S	1,132	73.84	8.89	13.70%	-1.87% TTM	-1.67% TTM	-58.14%
Bhatia Communications & Retail (India) Limited S	542	38.57	22.82	14.30%	+55.15% TTM	+72.14% TTM	+43.44%
Credo Brands Marketing Limited S	512	78.23	11.78	13.40%	+5.17% TTM	-9.69% TTM	-30.46%
Shankara Building Products Limited	288	118.60	19.63	4.70%	-70.43% TTM	-80.04% TTM	-15.16%
LOGICA INFOWAY LIMITED S	281	158.00	19.82	32.60%	—	—	-23.30%
CITY PULSE MULTIVENTURES LIMITED	178	119.15	—	3.10%	—	—	-96.03%
Brand Concepts Limited	173	138.75	167.98	11.60%	+26.45% TTM	-57.08% TTM	-63.12%
MEHUL TELECOM LIMITED S	132	126.45	—	37.10%	—	—	—
Umiya Mobile Limited S	119	84.00	9.43	14.30%	—	—	-12.50%
7NR Retail Limited S	102	6.96	232.00	0.60%	-63.11% TTM	-79.10% TTM	+65.32%
Praxis Home Retail Limited S	87	4.66	-1.42	-65.00%	-11.04% TTM	-46.61% TTM	-61.65%
RACONTEUR GLOBAL RESOURCES LIMITED	13	9.66	—	-32.90%	—	—	-19.50%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Press release on V2 Retail Limited announces landmark long term exclusive retail partnership with Cupid Limited4 Nov 2026 · Company Update / Press Release / Media Release
Audio Recording of Earnings Call Q2 H1 FY 274 Nov 2026 · Company Update / Analyst / Investor Meet
Press Release for Financial Results of Q2 H1 FY 2026-273 Nov 2026 · Company Update / Press Release / Media Release
Investor Presentation for Q2 H1 FY 2026-273 Nov 2026 · Company Update / Investor Presentation
Outcome of the Board Meeting held on November 03, 20263 Nov 2026 · Board Meeting / Outcome of Board Meeting
Intimation for Schedule of Analyst and Institutional Investor Meeting30 Oct 2026 · Company Update / Analyst / Investor Meet
V2 Retail Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve the Un-audited financial results ....24 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations9 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Q2FY27 Business Update2 Oct 2026 · Company Update / General
Akash Agarwal has informed the Exchange about withdrawal of its disclosures submitted under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 20111 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Reg. 2011
Intimation for Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of upgradation of Credit Rating2 Sep 2026 · Company Update / Credit Rating
Transcript of Earnings Call Q1 & FY 2026-2717 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation for Schedule of Analyst and / or Investor Meeting to be held on August 19, 2026.14 Aug 2026 · Company Update / Analyst / Investor Meet
Audio Recording of Earnings Call Q1 FY 2714 Aug 2026 · Company Update / Analyst / Investor Meet
Press Release for Unaudited Standalone & Consolidated Financial Results for 1st Quarter ended June 30, 2026.13 Aug 2026 · Company Update / Press Release / Media Release
Investor Presentation for Q1 FY 2026-27.13 Aug 2026 · Company Update / Investor Presentation
Appointment of Internal Auditor of the Company for the Financial Year 2026-27.13 Aug 2026 · Company Update / General
Change in Management13 Aug 2026 · Company Update / Change in Management
Outcome of the Board Meeting held on August 13, 202613 Aug 2026 · Board Meeting / Outcome of Board Meeting
Intimation regarding the Milestone Announcement of Opening of 400th Store of V2 Retail Limited11 Aug 2026 · Company Update / General
Intimation for Schedule of Analyst and Institutional Investor Meeting11 Aug 2026 · Company Update / Analyst / Investor Meet
V2 Retail Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Notice pursuant to Regulation 29 ....4 Aug 2026 · Board Meeting / Board Meeting
Voting Results and Scrutinizer Report31 Jul 2026 · AGM/EGM / AGM
Proceedings of 25th Annual General Meeting of the Company.31 Jul 2026 · AGM/EGM / AGM
The details are attached herewith.16 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The details are attached herewith10 Jul 2026 · Company Update / Newspaper Publication
The details are attached herewith.8 Jul 2026 · AGM/EGM / AGM
The details are attached herewith.8 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
The details are attached herewith.8 Jul 2026 · Others / Reg. 34 (1) Annual Report
The details are attached herewith.1 Jul 2026 · Company Update / General
The details are attached herewith29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
The details are attached herewith.2 Jun 2026 · Company Update / Earnings Call Transcript
The details are attached herewith.30 May 2026 · Company Update / Analyst / Investor Meet
The details are attached herewith.28 May 2026 · Company Update / Press Release / Media Release
The details are attached herewith.28 May 2026 · Company Update / Investor Presentation
The details are attached herewith.28 May 2026 · Board Meeting / Outcome of Board Meeting
The details are attached herewith.28 May 2026 · Corp. Action / Book Closure
The details are attached herewith.28 May 2026 · Company Update / Change in Management
The details are attached herewith.28 May 2026 · AGM/EGM / AGM

Corporate actions

Purpose	Ex date	Record date	Payment date
Stock Split From Rs.10/- to Rs.1/-	25 Mar 2026	26 Mar 2026	—

Board meetings

3 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results