V2 Retail's Q3 Revenue Soars 57% to ₹927 Crore on Aggressive Store Expansion

• V2 Retail reported a 57% year-on-year increase in standalone revenue, reaching ₹927 crore in the December quarter.
• Growth was primarily driven by the addition of 35 new stores and steady demand across its core markets.
• The company's expansion strategy focused on Tier 2 and Tier 3 cities to capitalize on rising disposable incomes and organized retail preference.
• Same-store sales grew by 2% year-on-year, indicating stable performance from existing outlets despite market challenges.
• V2 Retail shares closed 0.40% lower at ₹2,440 on Friday.

Why It Matters: V2 Retail's Q3 revenue surged due to aggressive store expansion in non-metro markets and strong demand.