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V2 Retail Stock Plummets to 52-Week Low on Q2 FY27 Update
5 Oct
Summary
- V2 Retail's stock hit a 52-week low after a mixed Q2 FY27 business update.
- Same-store sales growth declined 14.9% due to a shifted festive season.
- Despite short-term drops, the company expanded its retail footprint significantly.
V2 Retail's stock price suffered a significant drop, reaching a 52-week low on October 2, 2026, following the release of its business update for the second quarter of FY27. The company reported a 28.36% increase in standalone revenue, reaching Rs 905 crore from Rs 705 crore in the prior year's comparable period.
However, same-store sales growth (SSSG) declined by 14.9% in Q2 FY27. This decrease is attributed to the timing of the Navratri and Durga Puja festivals, which occurred in the second quarter of FY26 but are scheduled for October 2026 (Q3 FY27) this year. On a normalized basis, SSSG remained stable at 0.5%.
Looking ahead, V2 Retail expressed optimism for the upcoming festive season, anticipating a demand uplift in Q3. The company also reported opening 49 new stores during the quarter, with a total of 106 new openings in the first half of FY27. This expansion brings their retail footprint to approximately 46.28 lakh sq. ft. across 427 stores as of September 30, 2026. Additionally, V2 Retail soft-launched its e-commerce platform, V2Kart, in September 2026 in Delhi NCR and Lucknow.
Despite the recent stock depreciation over one, three, and six months, V2 Retail has delivered substantial long-term returns, with a 940% increase over three years and 1120% over five years.
