The value fashion retailer also reported a 7.5% year-on-year growth in same-store sales (SSSG) during the quarter. The company attributed the performance to its data-driven assortment strategy and product-first approach, which helped improve merchandise planning, resulting in higher sell-through and lower markdowns while supporting margin discipline.
V2 Retail said store productivity remained strong during the quarter despite a higher proportion of newly opened outlets. Monthly sales per square foot reached ₹886 in Q1 FY27, driven by sharper merchandising, faster inventory replenishment and disciplined inventory management, leading to improved operational efficiency and healthy sales productivity.
As part of its expansion strategy, the retailer opened 57 new stores and closed one store during the quarter. The expansion was focused on high-potential Tier 2 and Tier 3 consumption markets, in line with the company’s strategy of strengthening its presence beyond metro cities.
Following the latest additions, V2 Retail’s network expanded to around 40.7 lakh sq. ft. across 381 stores as of June 30, 2026. The company said it continues to deepen its presence in high-growth Tier 2 and Tier 3 cities as it looks to expand its addressable customer base and strengthen its position in India’s value-fashion market.
The company said it enters FY27 with strong momentum, backed by data-driven merchandising, a differentiated product offering and operational agility. It added that the standalone revenue figures for the quarter are subject to limited review or audit by the statutory auditors.
On the NSE, V2 Retail shares closed 5.14% higher at ₹238.44.
(Edited by : Ajay Vaishnav)
