Press Release for Financial Results of Q2 H1 FY 2026-27

V2 Retail Limited 03rd November, 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 Sub: Press Release on Un-Audited Standalone & Consolidated Financial Results for the 2nd quarter and Half year ended on September 30, 2026 Dear Sir/Madam, Please find enclosed herewith Press Release on Un-audited Standalone & Consolidated Financial Results for the 2nd quarter and Half year ended on September 30, 2026. Kindly take the same on your record. Thanking you, YOURS FAITHFULLY, FOR V2 RETAIL LIMITED SHIVAM AGGARWAL COMPANY SECRETARY & COMPLIANCE OFFICER Encl.: As above 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 Results Release – Q2 & H1FY27 STRONG GROWTH MOMENTUM DESPITE FESTIVE SHIFT; MARGINS EXPAND High Revenue Growth Momentum of 42% in H1FY27 Improved Gross Margin to 29.8% in H1FY27 compared to 28.7% in H1FY26 Operating Performance: EBITDA Climbs 50% YoY to ₹259.7 Cr in H1FY27 Net Profit Surges 43% YoY to ₹60.1 Cr in H1FY27 PSF for H1FY27 at ₹ 785 per month New Delhi, November 3, 2026: V2 Retail Limited (V2 Retail), one of India’s leading and fastest growing Value Retail Company, with 427 stores spread across 26 states and 1 Union Territory announced its Financial Results for the quarter and half year ended September 30, 2026. Consolidated Financial Performance at a Glance: Performance highlights for Q2 FY27 • Revenue from operations reached ₹905.6 crore in Q2 FY27, delivering a robust 28% year- on-year growth despite the festive season demand being deferred to Q3 compared with the previous year. The Company's strategic focus on reducing off-season discounting and driving a healthier sales mix resulted in gross margin expansion of 310 basis points, improving to 31.1% from 28.0% in Q2 FY26, underscoring its commitment to sustainable and profitable growth • EBITDA for Q2 FY27 grew 41% year-on-year to ₹120.3 crore, from ₹85.4 crore in Q2 FY26. EBITDA margin expanded by 120 basis points to 13.3%, compared to 12.1% in the corresponding quarter last year, reflecting improved profitability and operating efficiency. • PAT for Q2 FY27 increased to ₹18.2 crore, compared with ₹17.2 crore in the corresponding quarter of the previous year, registering a 6% year-on-year growth. While operating performance remained strong, PAT growth was impacted by elevated depreciation and amortisation charges associated with the Company's store expansion undertaken in recent years. These investments are expected to support future revenue growth and strengthen market presence. P a r tic u la r s (e v e n u eO G Sro s s P ro fit G PB ID T A E B ID T Aro fit / ( L o s s ) A fte M ar Q 2 F Y 2 9 0 5 6 2 4 2 8 13 1 .1 1 2 01 3 .3 7.6.3.3%.3%.2 Q 2 F Y 2 7 0 8 5 1 0 1 9 82 8 .0 8 51 2 .1 6.6.5.2%.4%.2 Y - O -2 4 2 % 4 1 % Y Q 1 F Y 2 9 9 7 7 1 2 2 8 52 8 .6 1 3 91 4 .0 7.2.2.0%.5%.9 H 1 F Y 2 1 ,9 0 2 1 ,3 3 6 5 6 62 9 .8 2 5 91 3 .6 7.8.4.4%.7%.1 H 1 F Y 2 1 ,3 4 0 9 5 6 3 8 42 8 .7 1 7 21 2 .9 6.9.5.4%.7%.9 Y -4 Y F Y 2 3 ,0 6 7 2 ,1 3 9 9 2 73 0 .2 4 5 51 4 .9 1 6 2 6.1.9.1%.5%.1 Performance highlights for H1 FY27 • Revenue from operations stood at ₹ 1,902.8 crores, registering a growth of 42% on Y-O-Y basis. Gross Margin improved to 29.8% for H1 FY27 as compared to 28.7% for H1 FY26. • EBIDTA for H1 FY27 stood at ₹259.7 crores as compared to ₹ 172.7 crores in H1 FY26, registering a growth of 50% on Y-O-Y basis. EBIDTA margin stood at 13.6% for H1 FY27 as compared to 12.9% for H1 FY26. • PAT for the H1 FY27 stood at ₹ 60.9 crores as compared to ₹ 41.9 crores in H1 FY26, registering a growth of 43% on Y-O-Y basis. Key Updates for Q2 FY27: • As on September 30, 2026, the Company operates 427 stores with a total retail area of ~46.3 lac Sq. Ft. The Company opened 49 stores and closed 3 stores in H1 FY27. • SSSG for Q2 FY27 was ~(14.9%), largely reflecting the timing shift of festive demand from Q2 to Q3. On a normalized basis, however, the business delivered positive SSSG of 0.5%, demonstrating resilience in underlying consumer demand despite the calendar-related disruption. The deferred festive demand is expected to support performance in Q3 FY27. • Q2 FY27 witnessed a strong 31% growth in volumes, notwithstanding the festive season timing shift and lower discounting. The Company continued to prioritize value over volume, with full-price sales accounting for 91% of total sales, highlighting healthy consumer acceptance and supporting continued gross margin expansion. Key Updates for H1 FY27: • As on September 30, 2026, the Company operates 427 stores with a total retail area of ~46.3 lac Sq. Ft. The Company opened 106 stores and closed 4 stores in H1 FY27. • Same Store Sales Growth (SSSG) for H1 FY27 stood at (3.7%), mainly impacted by the shift of the festive season from Q2 to Q3 compared to the previous year. The impact is timing- related and expected to normalize in the following quarter • Robust volume growth of 43% in H1 FY27. The full price sales contributed 91% in H1FY27. Commenting on the results and performance, Mr. Ram Chandra Agarwal, Chairman & Managing Director said: “The Company delivered a resilient performance during Q2 FY27, demonstrating the strength of its business model and its continued focus on profitable growth. Despite the timing impact arising from the shift of the festive season from Q2 to Q3, the Company achieved robust revenue growth of 28%, EBITDA growth of 41%, and expansion in both gross margins and EBITDA margins. The 31% volume growth and 91% contribution from full-price sales underscore the effectiveness of the Company's disciplined merchandising, pricing and inventory management strategies. The operating environment continues to remain favourable, supported by increasing consumption across non-metro markets, rising penetration of organised retail, and growing consumer preference for quality products at compelling value propositions. The Company remains well positioned to capitalize on these structural growth opportunities through its differentiated value-fashion offering, strong brand equity, and expanding geographic presence. During the quarter, the Company continued to strengthen its retail footprint through the addition of new stores, guided by a disciplined approach towards location selection, store economics, capital allocation and return metrics. Investments in analytics-driven merchandising, agile supply chain capabilities, and operational excellence continue to enhance scalability, improve responsiveness to consumer demand and support margin expansion. While reported Same Store Sales Growth was affected by the festive calendar shift, underlying demand trends remained healthy, and the Company expects the timing-related impact to normalize in the coming quarter. Looking ahead, management remains confident in the long- term growth prospects of the business and will continue to focus on strengthening its product proposition, maintaining a compelling price-value equation, expanding its retail network judiciously, and driving operational efficiencies. With a strong foundation, healthy balance between growth and profitability, and a clear execution roadmap, the Company remains committed to sustainable growth, capital-efficient expansion, and long-term value creation for all stakeholders” About V2 Retail Limited: V2 Retail is among the fastest-growing value fashion retailers in India, with strong brand equity and a loyal customer base across diverse demographic segments. The Company offers a wide portfolio of a [Showing first 8,000 characters — download PDF for full document]