V2 Retail Share Price Hit Upper Circuit of 5% After Release of Q3FY25 Earnings

On January 24, 025, V2 Retail shares hit an upper circuit of 5% at ₹1,839.75 at 09:40 AM on BSE. The gain in V2 Retail shares follows the release of results for the quarter and nine months ended December 31, 2024. V2 Retail operates 160 stores across 18 states and over 130 cities recorded significant growth across business metrics during the reported period

V2 Retail Q3 FY25 Performance

During Q3FY25, V2 Retail recorded revenue from operations of ₹590.9 crores, marking a YoY growth of 58%. The company’s gross margin stood at 32.1%, up from 31.4% in Q3 FY24. EBITDA for the quarter was ₹111.5 crores, compared to ₹60.9 crores in the same period last year, reflecting an impressive 83% growth on a YoY basis. The EBITDA margin also improved to 18.9% in Q3 FY25, from 16.3% in Q3 FY24. The company achieved a record profit after tax (PAT) of ₹51.2 crores in Q3 FY25, compared to ₹23.6 crores in Q3 FY24, a remarkable 117% increase.

V2 Retail 9M FY25 Highlights 

During 9MFY25, V2 Retail achieved revenue from operations of ₹1,386 crores, a 60% growth on a YoY basis. The gross margin for the period stood at 29.8%, slightly down from 30.3% in 9M FY24. EBITDA for the nine months was ₹200 crores, up from ₹116.4 crores in the same period last year, reflecting a growth of 72%. The EBITDA margin improved to 14.4% in 9M FY25, compared to 13.4% in 9M FY24. The company also reported a record PAT of ₹65.6 crores for 9M FY25, compared to ₹24 crores in the previous year, a growth of 172%.

V2 Retail Key Business Updates

As of December 31, 2024, V2 Retail operated 160 stores, covering a retail area of approximately 17.22 lakh square feet. In the first nine months of FY25, the company opened 45 new stores and closed 2. The company also recorded an industry-leading same-store sales growth (SSSG) of 31% during 9M FY25, despite a higher base and subdued consumer sentiment. Furthermore, the company experienced robust volume growth of 43% during the period, with MRP sales contributing 91% to total sales in 9M FY25, up from 85% in 9M FY24.

Commenting on the results and performance, Mr. Ram Chandra Agarwal, Chairman & Managing Director said: “We’re thrilled to report a stellar overall performance for the first nine months of the financial year. The Company has been able to deliver industry-leading performance despite a higher base and overall subdued consumer sentiment. We believe, the outperformance is a testament to the success of our strategic initiatives, which have driven excellence in innovative product development; enhanced store experiences; and exceptional customer satisfaction. At V2 Retail, the strategic initiatives undertaken so far and those under implementation have the potential to further improve our overall performance positively. “

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