V2 Retail’s Q3 revenue rises 58 percent to Rs 591 crore

Value fashion retailer V2 Retail Ltd reported a 58 increase in standalone revenue from operations to Rs 591 crore ($69 million) for the December quarter, as against Rs 374 crore in the year-ago quarter.

The company achieved a same store sales growth (SSG) of 25 percent in Q3FY25 as compared to Q3FY24, reflecting strong consumer demand and operational efficiency, V2 Retail said in its quarterly update.

V2 Retail’s sales per square feet per month for the April-December period stood at Rs 1,069 as compared to Rs 862 in 9 months of FY24, demonstrating sustained operational excellence.

“The total number of stores as of December 2024 stood at 160, with 21 new openings during the quarter. V2 Retail continues its strategic expansion into key markets, bringing the total retail area to 17.22 lakh sq ft,” it added.

V2 Retail has opened 45 new stores and closed 2 stores during 9M FY25 to further solidify its market position across geographies.