V2 Retail

Indicators

0 bullish · 4 neutral · 17 bearish

Verdict

V2 Retail scales revenue past ₹1,000 Cr through rapid store expansion, while seasonal margin shifts and rising working capital needs keep a close watch on cash flow.

Why

• •Revenue climbs from ₹632 Cr in Q1 FY26 to ₹997.2 Cr in Q1 FY27, driven by store count growing from 216 to 381.
• •Profitability shows seasonal swings, with EBITDA margin peaking at 13.9% in Q3 FY26 before settling at 8.0% in Q1 FY27 as operating costs scale with sales.
• •Cash conversion slows as net working capital days stretch from 34 to 74 and inventory days rise to 138, tying up more cash in day-to-day operations.
• •Men’s wear remains the core driver at 42% of sales, while women’s and kids’ wear hold steady shares, keeping the product mix balanced and predictable.

Signals