V2 Retail reaches 325-store milestone with 136 new outlets in 2026

Value-fashion major V2 Retail achieved a significant milestone of 325 stores across India with the addition of 136 net new stores during FY26. This expansion positions the company as a dominant force in the organized value-retail segment with its most recent expansion, including fresh entries into high-potential markets like Rajouri, J&K, signaling a deeper penetration into the Tier II and Tier III cities.

Capitalizing on emerging consumption hubs

The retailer’s expansion model is built upon a dual commitment to supply chain agility and localized product assortments. By leveraging data-driven merchandising, V2 Retail is effectively matching its trend-led private-label portfolio with the evolving stylistic preferences of smaller urban centers. According to recent management commentary, these new locations are rapidly maturing, with many reaching EBITDA-positive status within their first month of operation. This efficiency is underpinned by a robust operational framework that allows the brand to maintain an impressive 89 per cent full-price sales contribution, minimizing reliance on heavy discounting and protecting margins despite a high-growth environment.

Performance and future trajectory

Financial results for the fiscal year ending March 31, 2026, validate the brand’s high-velocity growth strategy. The company reported a 63 per cent Y-o-Y rise in operational revenue to Rs 3,067.1 crore, while net profit increased by 125 per cent to reach Rs 162.1 crore. With a successful institutional fundraising round of Rs 400 crore providing necessary capital, V2 Retail is now steering toward a target of 170 to 200 new store additions in the upcoming fiscal year. This roadmap reflects a sustained ambition to capture untapped market share, projecting a steady 50 per cent revenue growth trajectory as it brings affordable, contemporary fashion to the country’s most promising regional corridors.

Prioritizing high-volume expansion and robust profitability

V2 Retail is a premier value-fashion chain specializing in affordable apparel, footwear, and lifestyle accessories for the family. Headquartered in New Delhi, the company operates nationwide, with a deep focus on Tier 2 and Tier 3 markets. Historically rooted in the 2001 Vishal Retail legacy, it now prioritizes disciplined, high-volume expansion and robust profitability.