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V2 Retail Limited
NSE: V2RETAILSmall CapSpeciality Retail
Current Price
₹228.15
As of 20 May 2026
Market Cap
₹7.92K Cr
As of 20 May 2026
Vishal-family value-fashion comeback at 325 stores
Report updated: 2026-05-17
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V2 Retail Limited
NSE: V2RETAIL· Speciality Retail· Small Cap
Value-fashion retailer for Tier-2 and Tier-3 India. 325 stores across 25 states, ~35 lakh sqft. Founder-family resurrection of the original Vishal Retail story (2001 to BIFR to relisted as V2 in 2011). FY26 revenue Rs.3,060 Cr (+61% YoY), Q3 FY26 PAT Rs.102 Cr surpassing entire FY25 PAT. ICRA rating, BSE 532867 / NSE V2RETAIL.
Rs.228
Share price (post-split)
Rs.8,322 Cr
Market cap
Rs.3,060 Cr
FY26 revenue (unaudited)
Rs.144 Cr
9M FY26 PAT (+119% YoY)
64x
Trailing P/E
51.43%
Promoter holding
Stock Funda Summary
- V2 Retail is the second-life of the original Vishal Retail story: 2001 founding, 2009 debt restructuring, 2011 relisted, now run by founder's son Akash Agarwal.
- Eight straight quarters of 50%+ revenue growth, FY26 unaudited revenue Rs.3,060 Cr (+61%), 325 stores across 25 states.
- Q3 FY26 PAT alone (Rs.102 Cr) surpassed full FY25 PAT (Rs.72 Cr).
- Mature stores at Rs.1,200/sqft/month, 68% repeat-customer revenue on 2-year-old cohorts.
- The risk: P/E 64x prices in FY27 SSSG, promoter at 51.43% post Rs.400 Cr QIP, and the 2,000-store 2030 aspiration implies a long dilution path.