In the exchange filing issued on Friday, the fashion retail company reported same-store sales growth of 0.5% YoY. The company added 49 new stores & closed 3 stores in this quarter.
In the previous quarter, i.e., Q1 of FY27, the company reported a robust business performance update for the first quarter of FY27. V2 Retail’s standalone revenue grew 58% on a year-over-year basis, reaching ₹997 crore compared to ₹630 crore in the equivalent quarter of the preceding financial year.
Also Read: V2 Retail Q1 revenue jumps 58%; adds 57 stores
The value fashion retailer saw a 7.5% year-over-year increase in same-store sales growth (SSSG) throughout the quarter. V2 Retail’s monthly sales per square foot bagged ₹886 in Q1 FY27, aided by enhanced operational performance and robust sales productivity.
The company ascribed these results to its analytics-based assortment methodology and merchandise-centric approach, which facilitated enhanced merchandise planning.
When we take a quick look at the company’s stock’s recent performance, the company’s shares declined over 3.50% in Thursday’s trade. In addition, in this year’s trade, the company’s shares have taken a hit of 17.79%.
Just in the past month alone, the company lost 7.18%. The stock price of ₹201.39 is 22.53% below its 52-week high of ₹259.25. The stock price is 16.75% above its 52-week low of ₹172.03. The stock closed in the green in 4 of the last 10 trading sessions.