Investor Presentation for 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: Investor Presentation for Q2 H1 FY 2026-27 Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith Investor Presentation for Q2 H1 FY 2026-27. The investor presentation shall also be uploaded on the website of the Company. You are requested to kindly take the above on 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 Q2 & H1FY27 Performance Highlights (Consolidated) Revenue Gross Profit EBITDA PAT Q2FY27 ₹ 905.6 Cr ₹ 281.3 Cr ₹ 120.3 Cr ₹ 18.2 Cr +28% +42% +41% +6% 31.1% 13.3% 2.0% H1FY27 ₹ 1,902.8 Cr +42% ₹ 566.4 Cr +47% ₹ 259.7 Cr +50% ₹ 60.1 Cr +43% 29.8% 13.6% 3.2% Manufacturing Leading the way in Affordable, High Quality Fashion 3 Key Operational Highlights Q2 FY27 Same stores sales growth (SSG) Volume growth for Q2FY27 stood Men’s Wear 40%, Ladies Wear 29% stood at (14.9%) & normalised SSG at 31% (Y-o-Y). Kids Wear 22% & LifeStyle 9% was 0.5% for Q2FY27 Same Stores Volume Revenue Mix Sales Growth Growth ABV was ₹ 891 in Q2FY27 as ASP was ₹ 307 in Q2FY27 as MRP Sales at 91% in Q2FY27 as compared to ₹ 899 in Q2FY26. compared to ₹ 315 in Q2FY26. compared to 92% in Q2FY26. Average Bill Average Full Price Value Selling Price Sales Contribution 427 Stores at the end of Q2FY27 (Opened 49 & Closed 3) Sales per square feet (PSF) per NWC days increased to 88 days as month was ₹ 700 in Q2FY27 as compared to 81 days in FY26, compared to ₹ 938 in Q2FY26 Store Count Total Retail Area ~46.3 lakh sq.ft. Sales Per Net Working & Retail Area Square Feet Capital days Key Operational Highlights H1 FY27 Same Stores Sales Growth (SSG) Volume growth for H1FY27 stood at Men’s Wear 41%, Ladies Wear 29% stood at ~(3.7%) for H1FY27 43% (Y-o-Y). Kids Wear 22% & LifeStyle 8% Same Stores Volume Revenue Mix Sales Growth Growth ABV was ₹ 917 in H1FY27 as ASP was ₹ 307 in H1FY27 as MRP Sales at 91% in H1FY27 as compared to ₹ 900 in H1FY26. compared to ₹ 309 in H1FY26. compared to 92% in H1FY26. Average Bill Average Full Price Value Selling Price Sales Contribution 427 Stores at the end of H1FY27 (Opened 106 & Closed 4) Sales per square feet (PSF) per NWC days increased to 88 days as month was ₹ 785 in H1FY27 as compared to 81 days in FY26, compared to ₹ 948 in H1FY26 Store Count Total Retail Area ~46.3 lakh sq.ft. Sales Per Net Working & Retail Area Square Feet Capital days Operational Parameters (Consolidated) Inventory Breakup (₹ PSF ) Inventory (Days of Sales) Creditors (Days of Sales) 3,125 2,885 3,226 2,596 Net Working Capital (Days of Sales) Return on Equity (ROE) Y 2 7 2 8 % Y 2 6 H ,9 0 3 F Y 2 7 4 2 % ,3 4 1 F Y 2 6 3 1 .1 2 8 1 2 F Y 4 2 % 2 8 .0 % 1 9 8 2 F Y 2 6 9 .8 % 5 6 6 F Y 2 7 4 7 % 2 8 .7 3 8 4 1 F Y 2 Q2 & H1 FY27 Financial Highlights (Consolidated) Revenue (₹ Cr) Gross Profit (₹ Cr) EBIDTA (₹ Cr) PAT (₹ Cr) 13.6% 4%3% 12.9% )1 ) 1 50% .1 .0 13.3% 41% 260 % ( 60 ( 42 12.1% .7 1 173 6% 120 85 18 17 Q2 FY27 Q2 FY26 H1FY27 H1FY26 Q2 FY27 Q2 FY26 H1FY27 H1FY26 Q2 & H1FY27 Profit & Loss - Consolidated Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY27 Q2 FY26 Q1 FY27 H1FY27 H1FY26 FY26 % Change % Change Revenue from Operations 905.6 708.6 28% 997.2 1,902.8 1,340.9 42% 3,067.1 Cost of Material Consumed 624.3 510.5 712.2 1,336.4 956.5 2,139.9 COGS 624.3 510.5 712.2 1,336.4 956.5 2,139.9 Gross Profit 281.3 198.2 42% 285.0 566.4 384.4 47% 927.1 GP Margin % 31.1% 28.0% 28.6% 29.8% 28.7% 30.2% Employee Expenses 89.2 57.5 80.3 169.5 110.1 243.8 Other Expenses 71.9 55.2 65.3 137.2 101.6 227.9 EBIDTA 120.3 85.4 41% 139.5 259.7 172.7 50% 455.5 EBIDTA Margin % 13.3% 12.1% 14.0% 13.6% 12.9% 14.9% Other Income 2.5 1.1 1.0 3.5 2.0 10.4 Depreciation & Amortisation 68.3 37.6 63.9 132.2 69.7 182.2 Finance Cost 29.7 28.0 25.0 54.6 50.8 96.7 Profit before Tax & Exceptional 24.8 20.9 18% 51.6 76.4 54.2 41% 186.9 Items Exceptional Gain /(loss) - - - - - 27.7 Profit before Tax 24.8 20.9 18% 51.6 76.4 54.2 41% 214.6 PBT Margin % 2.7% 3.0% 5.2% 4.0% 4.0% 7.0% Tax 6.6 3.7 9.7 16.3 12.3 52.5 PAT 18.2 17.2 6% 41.9 60.1 41.9 43% 162.1 PAT Margin % 2.0% 2.4% 4.2% 3.2% 3.1% 5.3% Q2 & H1 FY27 Profit & Loss – Consol. (Pre Ind As) Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY27 Q2 FY26 Q1 FY27 H1FY27 H1FY26 FY26 % Change % Change Revenue from Operations 905.6 708.6 28% 997.2 1,902.8 1,340.9 42% 3,067.1 Cost of Material Consumed 624.3 508.9 712.2 1,336.4 953.9 2,136.7 Direct Expenses - 1.6 - - 2.6 3.1 COGS 624.3 510.5 712.2 1,336.4 956.6 2,139.8 Gross Profit 281.3 198.2 42% 285.0 566.4 384.3 47% 927.2 GP Margin % 31.1% 28.0% 28.6% 29.8% 28.7% 30.2% Employee Expenses 89.4 58.6 81.1 170.5 111.8 244.2 Other Expenses 138.6 95.1 124.5 263.0 175.5 405.7 EBIDTA 53.4 44.4 20% 79.4 132.8 96.9 37% 277.4 EBIDTA Margin % 5.9% 6.3% 8.0% 7.0% 7.2% 9.0% Other Income 1.5 0.2 0.0 1.5 0.3 5.6 Depreciation & Amortisation 16.0 10.7 14.4 30.4 20.3 48.4 Finance Cost 8.1 4.9 5.2 13.4 8.8 19.9 Profit before Tax 30.8 29.0 6% 59.9 90.6 68.2 33% 214.6 PBT Margin % 3.4% 4.1% 6.0% 4.8% 5.1% 7.0% Tax 6.6 3.7 9.7 16.3 12.3 52.5 PAT 24.2 25.3 -4% 50.2 74.3 55.8 33% 162.1 PAT Margin % 2.7% 3.6% 5.0% 3.9% 4.2% 5.3% Balance Sheet – Consolidated Particulars (₹ in Cr) H1FY27 FY2026 Particulars (₹ in Cr) H1FY27 FY2026 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 4 13.6 3 09.7 Equity share capital 3 6.5 3 6.5 Capital Work in Progress 5 3.5 3 6.0 Other equity 9 25.2 8 65.9 Right to use Assets 7 52.3 6 57.5 Total - Equity 9 61.6 9 02.3 Other intangible assets 1 .0 1 .2 Other Financial assets 5 6.6 3 4.2 LIABILITIES Non-current liabilities Financial liabilities Deferred tax assets (net) 3 6.9 3 3.1 Borrowings 45.6 24.1 Non-Current tax assets (net) 0.0 0.0 Lease Liability 624.4 569.5 Other non-current assets 2 2.7 3 0.5 Provisions 1 4.5 1 2.3 Total - Non-Current Assets 1 ,336.6 1 ,102.2 Total Non-Current Liabilities 6 84.6 6 05.9 Current assets Current liabilities Inventories 1,447.8 1,141.8 Borrowings 483.3 229.8 Financial assets Lease Liability 225.4 171.2 Cash and cash equivalents 8.4 5.9 Trade payables 573.0 463.3 Bank balances other than cash & - 0.7 Other financial liabilities 48.5 27.9 cash equivalents Other financial assets 8.5 12.7 Provisions 6.3 5.2 Trade Receivables 0.3 1.6 Other current liabilities 35.7 16.6 Other current assets 216.6 157.4 Total - Current Assets 1,681.6 1,320.1 Total - Current liabilities 1,372.1 913.9 TOTAL - ASSETS 3,018.3 2,422.2 TOTAL - EQUITY AND LIABILITIES 3,018.3 2,422.2 Cash Flow – Consolidated a r t i c u l a r s d ju s t m e n p e r a t i n g h a n g e s in a s h g e n e ir e c t t a x e e t C a s h f r e t C a s h f r e t C a s h f r e t C h a n g p e n in g C l o s i n g C a p r o r a t e i n a s h i n C r ) f i t b e f o r e o r k in g c a e d f r o m o a id ( n e t o O p e r a t i n I n v e s t i n g F i n a n c i n c a s h a n B a l a n c e B a l a n c e o r k i n g c it a l e r a t i o n s r e f u n d ) A c t i v i t i e A c t i v i t i e s A c t i v i t i e c a s h e q a n g e s H 1 F Y ( 2 6 ( 1 5 H 1 F Y F Y 2 0 2 ( 5 4 9 ( 5 0 ( 5 2 ( 1 0 3 ( 2 1 8 Media & Promotion Campaigns Media & Promotion Campaigns Media & Promotion Campaigns Select New Stores Opening Select New Stores Opening About V2 Retail Overview V [Showing first 8,000 characters — download PDF for full document]