V2 Retail Q3 Profit Doubles, Revenue Jumps 57% on Store Expansion

• V2 Retail Ltd reported a 99.3% increase in net profit to ₹102.06 crore in Q3.
• Revenue surged 57.2% year-on-year to ₹929.2 crore, driven by strong demand and retail footprint expansion.
• EBITDA climbed 55.8% to ₹173.68 crore, with a stable margin of 18.69%, indicating disciplined cost management.
• The company added 35 new stores, focusing on Tier 2 and Tier 3 cities to capture emerging market demand.
• Same-store sales grew 2% year-on-year, reflecting stable performance from existing stores.

Why It Matters: V2 Retail delivered exceptional Q3 results with profit doubling and revenue soaring due to strategic store expansion.