Mumbai: V2 Retail on Saturday reported a sharp acceleration in topline growth for the quarter ended December 31, 2025, aided by robust network expansion and steady same-store sales growth. Standalone revenue rose 57% year-on-year to ₹927 crore in Q3 FY26, compared with ₹591 crore in the year-ago period, according to a business update filed with exchanges.
The value-fashion retailer said growth was delivered on a high base, underscoring the scalability of its business model even as it expands beyond its traditional strongholds. Normalised same-store sales growth stood at about 12.8%, adjusted for the shift of the Durga Puja festive period to the September quarter, while reported SSSG was 2% year-on-year. On a cumulative basis for Q2 and Q3 FY26, SSSG stood at 10.4% with sales growth of 68%.
Store productivity continued to improve, with monthly sales per square feet rising to ₹1,032 during the quarter, reflecting faster ramp-up of new stores and better utilisation of retail space. Operational performance was supported by data-led assortment planning, high sell-through rates and tighter inventory management, which helped limit markdowns and reduce ageing stock.
V2 Retail added 35 new stores during the quarter, taking its total store count to 294 as of December 31, 2025, with a retail footprint of nearly 31.9 lakh square feet. The expansion strategy remains focused on consumption-led demand in Tier-2 and Tier-3 cities, significantly strengthening the company’s presence in high-growth markets.
For the nine months ended December 2025, standalone revenue grew 63% year-on-year to ₹2,262 crore, supported by same-store sales growth of about 8.6% and net addition of 105 stores. Management said the strong performance of new stores in non-core regions such as Maharashtra, Punjab, Rajasthan and parts of South India has reinforced confidence in sustaining an aggressive expansion trajectory through the remainder of FY26.