From mint · Dhanya Nagasundaram · · 1m 30s
V2 Retail Shares Plunge 19% After Q2 Update
V2 Retail shares drop 19% following Q2 FY27 results showing 28.4% revenue growth but weaker same-store sales.
In brief
V2 Retail shares drop 19% following Q2 FY27 results showing 28.4% revenue growth but weaker same-store sales. V2 Retail shares fell 19% after reporting Q2 FY27 results with 28.4% revenue growth but 0.5% same-store sales growth. Originally reported by mint.
V2 Retail Shares Plunge
V2 Retail shares fell over 19% on October 5 after reporting Q2 FY27 results with a 28.4% revenue increase but lower same-store sales growth.
Q2 FY27 Results
The company reported a 28.4% year-on-year increase in standalone revenue to ₹ 905 crore during the quarter.
Same-Store Sales Growth
Q2 FY27 same-store sales growth (SSSG) stood at 0.5% year-on-year, down from 7.5% in Q1 FY27.
Monthly Sales Per Square Foot
Monthly sales per square foot (PSF) dropped to ₹ 700 in Q2 FY27 from ₹ 886 in Q1 FY27.
Store Expansion
V2 Retail added 49 new stores and closed three during Q2 FY27, taking total new store additions in the first half of FY27 to 106.
Tier 2 and Tier 3 Focus
The company continues to expand its store network in Tier 2 and Tier 3 markets across India's growth corridors.
Share Price Movement
V2 Retail's share price opened at ₹ 182.15 on BSE, touching an intraday high of ₹ 185 and low of ₹ 162.55.
Technical Analysis
SBI Securities VP Sudeep Shah noted the stock slipped below its 100-week EMA for the first time since June 2023, with support at ₹ 155, 150.
In short
V2 Retail shares fell 19% after reporting Q2 FY27 results with 28.4% revenue growth but 0.5% same-store sales growth.
