Bengaluru: retail retail tradler Value V2 Retail LTD jumped in April June in April in April, powered sales growth and continued expansion of shops, although consumption in Indian small towns remained uneven at weak demand.
The company’s net profit increased by 51% compared to the year earlier £24.7 Crore in three months to June, as the expenses increased at a slower rate of 21%, said on Wednesday in exchange. Higher profit was attributed to income growth significantly exceeded the costs and helped the company expand the margins.
Society reported consolidated income £632 Crore for April-June, 52%year-on-year, which means its highest quarterly revenue since it was established in 2001 as Vishal Megamart Ltd. £628 Crore, according to projections monitored on the terminal.
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Shares of retail retail have settled 1.2% higher on £1 959.55 per piece on BSE on Wednesday.
In a separate submission, v2 retail said its Council approved a plan to increase £400 crore through the issue of stock shares or other eligible securities. Funds can be obtained through a qualified institutional location (QIP), preferential assignment or other permissible modes, subject to the approval of shareholders and regulations. Akash Agarwal, CEO of Mint, said the company was investigating the possibilities of fundraising to support its ongoing expansion of shops and strengthen its supply chain and backend infrastructure.
The company has not published growth from existing trades for quarter. During the period across 215 cities in the country, however, added 26 new stores, indicating that the total income growth was mainly powered by network expansion than the performance of the same trade.
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The V2 Retail expansion comes in the middle of the reinforcement of the competition in the value segment, especially across Tier-2 and 3. It has a strong presence in East India, especially in Bihar, Uttar Pradesh and Odisha, where rivals like V-Mart are also aggressively expanding. This current pressure of the main players underlines the growing battle for the share of wallets between consumers sensitive to the price in smaller cities of India.
“The expansion of the trade clearly led a large part of the growth of Topline V2.” Compared to peers, such as V-Mart, who added 15 stores and DMART, which added 12, V2 significantly overtaken them. You will probably see the full impact of this expansion reflecting in the upcoming neighborhoods, with V2 potentially overcoming its competitors. “
The Ram Chandra Agarwal RAM, founded by Chandra Agarwal, is one of the oldest Indian retailers with fashion, which is mainly the households of medium and lower incomes in small Indian cities. With a strong trace in northern and East India, the company operates a chain of available fashion and life shops offering clothes, shoes and accessories for the whole family. Over the years, V2 has built a faithful customer base in small cities by focusing on deep discounting, promotional events based on the festival and a wide range of private brands adapted to regional preferences.
In an earlier interview with Mint at the beginning of July Akash Agarwal, CEO (CEO) of V2 Retail, he said that the company can revise its instructions for expanding FY26 up from the initial goal of 100 shops. “We are on our way and we have already opened 26 stores this first quarter,” he said, adding that the company evaluates whether to increase this number based on the ongoing performance.
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Despite the rapid introduction of agarwal in the interview, he stressed that profitability remains central for the company’s growth strategy. He said that all V2 stores are EBITDA positive. In the last two years, the company has also tightened inventory inspections, thereby reducing the share of unsold shares over 12 months from 25% to 5%.
Revenues in the same store have grown almost 30% per year over the last two years, Agarwal said, and the company now focuses on annual revenue growth by 40-50%, supported by better backend permeability and enhancements. V2 also scalants its own production arm, V2 Smart Manufacturing PVT. Ltd, which contributed £13.6 Crore in income during the June quarter. However, the unit has published a net loss £1.9 crore due to initial settings.
(Tagstotranslate) v2 retail ltd
