Reporting stronger-than-expected same-store sales growth, value fashion and retail chain, V2 Retail aims for about 50 per cent revenue growth in FY26, according to a CNBC-TV18 report. This performance suggests a robust start to the festive shopping season.
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Akash Agarwal, Whole Time Director, V2 Retail, notes, while it’s too early to fully gauge the impact of the recent GST cut, all signs point to a positive outlook. Based on current festive trends, we're outperforming our previous guidance of 8–10 per cent same-store sales growth, he states.
V2 Retail has already passed the Goods and Services Tax (GST) benefits on to customers. However, Agarwal emphasizes, the growth is primarily fueled by higher disposable income rather than direct price reductions, as the majority of their products are priced under $1,000 (or the local currency equivalent).
Due to strong performance in both new and existing stores, V2 Retail has raised its planned new store openings for FY26 from an initial target of 100 to between 120 and 130 stores.
The company is optimistic about continued growth, projecting that older stores will reach sales of $1,200 (or the local currency equivalent) per square foot over the next two to three years.
Addressing the potential effect of the upcoming Bihar elections, Agarwal mentioned that historical impacts have varied. With 40 stores in Bihar accounting for 20–25 per cent of overall sales, the company hopes, stable political conditions will allow their positive sales momentum to persist without interruption.
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