From The Economic Times · Veer Sharma · · 1m 10s
V2 Retail Shares Plunge 20% on Q2 Business Update
V2 Retail shares crash 20% as Q2 revenue jumps 28.4% but festive season shift weighs on growth.
In brief
V2 Retail shares crash 20% as Q2 revenue jumps 28.4% but festive season shift weighs on growth. V2 Retail shares dropped 20% after reporting 28.4% YoY revenue growth in Q2 FY27 despite festive season shifting from Q2 to Q3. Originally reported by The Economic Times.
V2 Retail Shares Plunge
V2 Retail shares crashed as much as 20% to their day’s low of Rs 162.55 on the BSE on Monday.
Q2 Revenue Up 28.4%
V2 Retail reported a 28.4% year-on-year increase in revenue for Q2 FY27, attributed to store expansion.
Festive Season Shift
Navratri and Durga Puja moved from Q2 FY26 to Q3 FY27, affecting same-store sales growth.
Same-Store Sales Stable
On festival-normalised basis, same-store sales grew 0.5% in Q2 FY27 despite festive shift.
Calendar Basis Decline
On calendar basis, same-store sales dropped 14.9% as Q2 FY26 included Navratri and Durga Puja.
Store Expansion
V2 Retail opened 106 stores during first half of FY27, reflecting natural ramp-up cycle.
Q3 Growth Outlook
Company expects to capture demand uplift in Q3 while sustaining long-term growth momentum.
What it means
V2 Retail shares dropped 20% after reporting 28.4% YoY revenue growth in Q2 FY27 despite festive season shifting from Q2 to Q3.
