General Updates

V2 Retail Limited 02nd October, 2026 BSE Ltd. National Stock Exchange of India Ltd. Corporate Relation Department, Listing Department Listing Department, Exchange Plaza, C-1, Block- G, Rotunda Building, PJ Towers, Bandra Kurla Complex Dalal Street, Mumbai – 400 023. Bandra (East) Mumbai–400 051 Scrip Code: 532867 NSE Symbol: V2RETAIL Q2 FY27 Business Update Network Expansion Continues Ahead of the Festive Quarter Dear Sir/Madam, V2 Retail delivered a strong second quarter with revenue rising 28.4% year-on-year, supported by our continued store network expansion. Same-store sales were broadly stable on a festival-normalised basis, reflecting the shift of Navratri and Durga Puja into the third quarter this year. With the festive season ahead, we are well-positioned to capture the demand uplift in Q3 while sustaining our long-term growth momentum. Q2 FY27 Highlights – Expansion Ahead of the Festive Season 1. Revenue Growth • Standalone revenue stood at ₹ 905 Cr in Q2 FY27, vs. ₹ 705 Cr in Q2 FY26 • Delivered a 28.4% year-on-year revenue growth in Q2, even though the festive season shifted from this quarter last year into the next quarter this year. 2. Same Store Sales Growth (SSSG) On a festival-normalised basis, which compares each day of the quarter with the corresponding day of last year's festival calendar, SSSG was 0.5% in Q2 FY27. On a calendar basis, SSSG was - 14.9%, as the base quarter (Q2 FY26) included the Navratri and Durga Puja period, which this year falls in October 2026 (Q3 FY27). This timing shift underscores the importance of looking through seasonal distortions to see the underlying stability of our performance. 3. Store Productivity: Monthly Sales per Square Foot (PSF) was ₹ 700 in Q2 FY27. The quarter did not include the Navratri and Durga Puja season, and a larger share of the network is still ramping up, with 106 of the 427 stores were opened during H1 FY27. These factors reflect the natural ramp-up cycle of new stores and the timing of the festive season, while underscoring the scalability of our expanding footprint. Reg. off.: Khasra No. 928, Extended Lal Dora Abadi Village Kapashera, Tehsil Vasant Vihar, South West Delhi, Delhi-110037 Corporate Off.: 2nd Floor, 13, Sub. Major Laxmi Chand Rd, Maruti Udyog, Sector 18, Gurugram, Sarhol, Haryana 122015 E-mail: customercare@v2kart.com Website: www.v2retail.com CIN: L74999DL2001PLC147724 Tel.: 011-41771850 V2 Retail Limited 4. Focused Network Expansion: • Opened 49 new stores and closed 3 stores during the quarter, taking new store openings in H1 FY27 to 106. Expansion remained focused on high-potential, Tier 2 and Tier 3 consumption markets reinforcing our commitment to democratizing affordable fashion and deepening our reach across India’s growth corridors. • Expanded the retail footprint to approximately 46.28 lakh sq. ft. across 427 stores as of September 30, 2026, further strengthening our pan-India presence. 5. Other updates: • India Ratings upgraded the Company's long-term rating to IND A / Positive from IND A- / Stable in August 2026, reflecting strengthened financial profile and outlook. • We soft-launched V2Kart e-commerce in September 2026 in Delhi NCR and Lucknow, with orders fulfilled directly from stores, marking an important step in our omni-channel journey. The Standalone Revenue from operations for the quarter ended September 30, 2026, as stated above, is subject to limited review / audit by the Statutory Auditors of the Company. The above information shall also be made available on the Company’s website. Kindly treat this as an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is for your information and record. Thanking you, YOURS FAITHFULLY, FOR V2 RETAIL LIMITED SHIVAM AGGARWAL COMPANY SECRETARY & COMPLIANCE OFFICER MEM. NO. A55785 Reg. off.: Khasra No. 928, Extended Lal Dora Abadi Village Kapashera, Tehsil Vasant Vihar, South West Delhi, Delhi-110037 Corporate Off.: 2nd Floor, 13, Sub. Major Laxmi Chand Rd, Maruti Udyog, Sector 18, Gurugram, Sarhol, Haryana 122015 E-mail: customercare@v2kart.com Website: www.v2retail.com CIN: L74999DL2001PLC147724 Tel.: 011-41771850