About
V2 Retail Limited, together with its subsidiary, V2 Smart Manufacturing Private Limited, engages in the retail trade of garments, textiles, and accessories in India. It is involved in the retail sale of ready-made garments, hosiery goods, and other articles of clothing and clothing accessories under the Godspeed, Herrlich, Glamora, Ebellia, and Honey Brats brands. The company was formerly known as Vishal Retail Ltd and changed its name to V2 Retail Limited in February 2012. V2 Retail Limited was incorporated in 2001 and is based in Gurugram, India.
Key Metrics
as of Sep 2026Market Cap7,911 Cr
P/E49.90
Div Yield0.00 %
Book Value₹24.80
52w High₹259.00
52w Low₹157.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 997.00 | 798.00 | 927.00 | 705.00 | 630.00 | 499.00 | 591.00 | 380.00 | 415.00 | 296.00 | 374.00 | 231.00 | 264.00 |
| Expenses | 858.00 | 685.00 | 750.00 | 619.00 | 539.00 | 441.00 | 480.00 | 349.00 | 362.00 | 266.00 | 313.00 | 213.00 | 231.00 |
| Operating Profit | 140.00 | 113.00 | 177.00 | 86.00 | 90.00 | 57.00 | 111.00 | 31.00 | 53.00 | 30.00 | 61.00 | 19.00 | 33.00 |
| OPM % | 14.00 | 14.00 | 19.00 | 12.00 | 14.00 | 11.00 | 19.00 | 8.00 | 13.00 | 10.00 | 16.00 | 8.00 | 12.00 |
| Other Income | 1.00 | 0.00 | 26.00 | 0.00 | 1.00 | 1.00 | 0.00 | 2.00 | 1.00 | 1.00 | 3.00 | 2.00 | 1.00 |
| Depreciation | 64.00 | 67.00 | 45.00 | 37.00 | 32.00 | 27.00 | 26.00 | 22.00 | 20.00 | 18.00 | 20.00 | 17.00 | 17.00 |
| Interest | 25.00 | 24.00 | 22.00 | 28.00 | 22.00 | 21.00 | 18.00 | 15.00 | 13.00 | 12.00 | 11.00 | 12.00 | 10.00 |
| Profit before tax | 52.00 | 22.00 | 135.00 | 21.00 | 37.00 | 10.00 | 68.00 | -3.00 | 21.00 | 0.00 | 32.00 | -8.00 | 7.00 |
| Tax % | 19.00 | 18.00 | 27.00 | 14.00 | 25.00 | 36.00 | 25.00 | -21.00 | 25.00 | -1,073.00 | 25.00 | -33.00 | 25.00 |
| Net Profit | 42.00 | 18.00 | 99.00 | 18.00 | 28.00 | 7.00 | 51.00 | -3.00 | 16.00 | 4.00 | 24.00 | -6.00 | 5.00 |
| EPS in Rs | 1.15 | 0.50 | 2.72 | 0.52 | 0.80 | 0.19 | 1.47 | -0.07 | 0.46 | 0.11 | 0.70 | -0.16 | 0.14 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,060.00 | 1,884.00 | 1,165.00 | 839.00 | 629.00 | 538.00 | 701.00 | 748.00 | 559.00 | 472.00 | 334.00 | 287.00 |
| Expenses | 2,585.00 | 1,630.00 | 1,021.00 | 759.00 | 566.00 | 487.00 | 623.00 | 699.00 | 506.00 | 429.00 | 302.00 | 258.00 |
| Operating Profit | 475.00 | 254.00 | 144.00 | 80.00 | 63.00 | 50.00 | 79.00 | 49.00 | 54.00 | 43.00 | 32.00 | 28.00 |
| OPM % | 16.00 | 13.00 | 12.00 | 10.00 | 10.00 | 9.00 | 11.00 | 7.00 | 10.00 | 9.00 | 10.00 | 10.00 |
| Other Income | 21.00 | 5.00 | 7.00 | 6.00 | 16.00 | 22.00 | 15.00 | -17.00 | 3.00 | 25.00 | 6.00 | 3.00 |
| Interest | 100.00 | 68.00 | 47.00 | 41.00 | 38.00 | 32.00 | 32.00 | 3.00 | 3.00 | 10.00 | 14.00 | 10.00 |
| Depreciation | 181.00 | 95.00 | 73.00 | 64.00 | 57.00 | 54.00 | 50.00 | 14.00 | 8.00 | 6.00 | 4.00 | 2.00 |
| Profit before tax | 216.00 | 97.00 | 31.00 | -19.00 | -16.00 | -13.00 | 10.00 | 15.00 | 46.00 | 52.00 | 20.00 | 18.00 |
| Tax % | 24.00 | 27.00 | 11.00 | -23.00 | -21.00 | -16.00 | 3.00 | -36.00 | 32.00 | 24.00 | 40.00 | 47.00 |
| Net Profit | 163.00 | 71.00 | 27.00 | -14.00 | -13.00 | -11.00 | 10.00 | 20.00 | 31.00 | 39.00 | 12.00 | 10.00 |
| EPS in Rs | 4.48 | 2.05 | 0.79 | -0.42 | -0.38 | -0.32 | 0.30 | 0.60 | 0.92 | 1.26 | 0.49 | 0.41 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 36.00 | 35.00 | 35.00 | 34.00 | 34.00 | 34.00 | 34.00 | 34.00 | 34.00 | 31.00 | 25.00 | 24.00 |
| Reserves | 866.00 | 310.00 | 240.00 | 213.00 | 226.00 | 238.00 | 246.00 | 261.00 | 240.00 | 127.00 | 271.00 | 251.00 |
| Borrowings | 995.00 | 861.00 | 502.00 | 410.00 | 384.00 | 388.00 | 311.00 | 11.00 | 0.00 | 9.00 | 98.00 | 69.00 |
| Other Liabilities | 525.00 | 372.00 | 189.00 | 108.00 | 128.00 | 133.00 | 116.00 | 158.00 | 115.00 | 73.00 | 55.00 | 61.00 |
| Total Liabilities | 2,422.00 | 1,577.00 | 966.00 | 765.00 | 772.00 | 793.00 | 707.00 | 464.00 | 389.00 | 240.00 | 449.00 | 405.00 |
| Fixed Assets | 968.00 | 842.00 | 449.00 | 389.00 | 375.00 | 382.00 | 330.00 | 100.00 | 63.00 | 51.00 | 29.00 | 18.00 |
| CWIP | 36.00 | 4.00 | 0.00 | 0.00 | 0.00 | 5.00 | 4.00 | 4.00 | 7.00 | 4.00 | 4.00 | 1.00 |
| Investments | 5.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 0.00 | 90.00 | 0.00 | 25.00 | 30.00 |
| Other Assets | 1,412.00 | 716.00 | 502.00 | 361.00 | 382.00 | 391.00 | 359.00 | 360.00 | 231.00 | 185.00 | 391.00 | 355.00 |
| Total Assets | 2,422.00 | 1,577.00 | 966.00 | 765.00 | 772.00 | 793.00 | 707.00 | 464.00 | 389.00 | 240.00 | 449.00 | 405.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -96.00 | 191.00 | 85.00 | 80.00 | 61.00 | -15.00 | 94.00 | -48.00 | 27.00 | -1.00 | -15.00 | 36.00 |
| Cash from Investing Activity | -231.00 | -128.00 | -29.00 | -9.00 | -12.00 | -16.00 | -5.00 | 41.00 | -110.00 | -12.00 | -9.00 | -6.00 |
| Cash from Financing Activity | 325.00 | -62.00 | -52.00 | -75.00 | -59.00 | -14.00 | -37.00 | 11.00 | 81.00 | 16.00 | 26.00 | -30.00 |
| Net Cash Flow | -2.00 | 1.00 | 4.00 | -4.00 | -9.00 | -45.00 | 52.00 | 4.00 | -1.00 | 3.00 | 2.00 | -1.00 |
| Free Cash Flow | -328.00 | 63.00 | 57.00 | 70.00 | 50.00 | -38.00 | 87.00 | -99.00 | 5.00 | -13.00 | -32.00 | 29.00 |
| CFO/OP % | -9.00 | 85.00 | 59.00 | 98.00 | 96.00 | -30.00 | 120.00 | -101.00 | 51.00 | -1.00 | -47.00 | 125.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 7.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory Days | 195.00 | 140.00 | 155.00 | 151.00 | 221.00 | 255.00 | 142.00 | 195.00 | 154.00 | 126.00 | 177.00 | 141.00 |
| Days Payable | 79.00 | 85.00 | 69.00 | 57.00 | 93.00 | 113.00 | 75.00 | 100.00 | 97.00 | 71.00 | 61.00 | 60.00 |
| Cash Conversion Cycle | 116.00 | 56.00 | 87.00 | 94.00 | 130.00 | 143.00 | 73.00 | 95.00 | 58.00 | 54.00 | 116.00 | 81.00 |
| Working Capital Days | 47.00 | 19.00 | 43.00 | 50.00 | 67.00 | 75.00 | 39.00 | 77.00 | 56.00 | 42.00 | -28.00 | -27.00 |
| ROCE % | 20.00 | 17.00 | 11.00 | 3.00 | 3.00 | 3.00 | 7.00 | 13.00 | 21.00 | 14.00 | 8.00 | 8.00 |
Corporate Actions
19 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Split | 25 Mar 2026 | 26 Mar 2026 | 10:1 | — | |
| Other | 20 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 20 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 29 Aug 2019 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2017 | — | — | — | Annual General Meeting |
| Other | 20 Sep 2016 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2013 | — | — | — | Annual General Meeting |
| Other | 20 Sep 2012 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2011 | — | — | — | Annual General Meeting |
| Other | 21 Oct 2010 | — | — | — | Annual General Meeting |
| Other | 17 Sep 2009 | — | — | — | Annual General Meeting |
| Other | 01 Sep 2008 | — | — | — | Annual General Meeting |
| Other | 13 Sep 2007 | — | — | — | Agm |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update1 Sep from fitch
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Rating update26 Mar 2024 from icra
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Rating update2 Mar 2023 from icra
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Rating update16 Jan 2023 from icra
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Rating update20 Dec 2021 from icra
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Rating update18 Dec 2020 from icra