15 February 2023, Mumbai
For the third quarter V2 Retail’s net profit was Rs 9 crores as against Rs 12 crores in the corresponding period of the previous fiscal year.
The company’s revenue for the quarter was Rs 239 crores as against Rs 238 crores reported in the year-ago period. During the March 2022 to December 2022 period, the company’s revenue stood at Rs 645 crores with a net profit of Rs 5 crores.
V2 Retail’s total expenses during the quarter stood at Rs 229 crores as against Rs 223 crores in the October to December quarter of 2021.During the quarter, V2 Retail opened one new store and closed five of its non-performing stores to end the calendar year 2022 with a store count of 99 with a total retail area of 10.59 lakh sq ft.
Value fashion retailer V2 Retail was launched in 2001 and retails women’swear, men’swear, and children’s wear. V2 Retail is one of the leading players in the fashion and apparel market. V2 Retail was formerly known as Vishal Retail. It presently operates in Tier II and Tier III cities. V2 Retail offers an unparalleled retail mix combined with value and variety to its shoppers. This fashion avenue gives an extraordinary experience with an embracing portfolio of product offerings. V2 retail believes in offering complete value for money to shoppers through its large variety of smart, trendy, fashionable apparels across categories under one roof.
