04 January 2025, Mumbai
V2 Retail’s revenues rise to Rs 591 crore in Q3 FY24, store net work expands to 160 and same-store sales rise by 25 per cent Y-o-Y.
Registering a significant rise from Rs 374 crore in the same same quarter last year, value fashion retailer V2 Retail recorded a standalone revenue of Rs 591 crore for Q3 FY24, ending December 30, 2024.
Driven by robust consumer demand and operational efficiency, the company’s same-store sales growth (SSG) increased by 25 per cent Y-o-Y during the quarter. Its sales per square foot per month for the April-December period rose to Rs 1,069 from Rs 862 in FY24, reflecting sustained operational success.
The retailer expanded its store count to 160 during the quarter, adding 21 new locations, bringing its operational footprint to 1.722 million sq ft. In the first nine months of FY25, V2 Retail opened 45 new stores while closing two, reinforcing its presence across key markets.
