Archive · 5 Oct 2026
V2 Retail shares fall 19% after weaker Q2 growth update
V2 Retail sells value-fashion clothing.
Its sales were higher than a year earlier in the second quarter, but some other measures of store performance were weaker than in the first quarter.
Same-store sales growth was 0.5%, compared with 7.5% in Q1.
Sales per square foot also went down.
The company said the quarter came before important festivals and that many newer stores were still building up their business.
It added 49 stores and closed three.
After the update, the company's shares fell more than 19% on Monday.
An analyst said the stock could face resistance around ₹185–₹190 and identified support at ₹155–₹150.
V2 Retail shares fell more than 19% on Monday, 5 October, after its Q2 FY27 business update.
Standalone revenue rose 28.4% year-on-year to ₹905 crore in Q2 FY27.
Same-store sales growth slowed to 0.5% from 7.5% in Q1, while monthly sales per square foot declined to ₹700 from ₹886.
The company said Q2 did not include the Navratri and Durga Puja festive period and that many stores were still ramping up.
V2 Retail added 49 stores and closed three in Q2; as of 30 September 2026, it had 427 stores spanning about 46.28 lakh square feet.
- Who
- V2 Retail
- What
- Its shares fell more than 19% after the company reported Q2 FY27 business figures, including slower same-store sales growth than in Q1.
- When
- The business update was released on 2 October; the shares fell on Monday, 5 October.
- Where
- V2 Retail's shares were traded on the BSE; its 427 stores were spread across India.
- Why
- The article links the fall to the Q2 update, which showed moderated revenue growth and muted same-store sales growth; the company cited the absence of the festive period and new-store ramp-up.
Company's explanation
Market and analyst concerns
Weaker Q2 store measures
Company's explanation
V2 Retail said Q2 did not include the Navratri and Durga Puja festive period, and that a sizeable portion of its stores were still in their ramp-up phase.
Market and analyst concerns
The share-price decline followed the weaker same-store sales growth and lower monthly sales per square foot; analyst Sudeep Shah also described revenue growth as moderated and same-store sales growth as muted.
Share-price outlook
Company's explanation
The company highlighted expansion, including 106 new stores opened in the first half of FY27 and continued focus on Tier 2 and Tier 3 markets.
Market and analyst concerns
Shah said the stock was below its 100-week EMA and could remain under pressure below ₹185–₹190; he identified ₹155–₹150 as immediate support.
- Q2 FY27 standalone revenue
- ₹905 crore, up 28.4% year-on-year
- Q2 FY27 same-store sales growth
- 0.5%, compared with 7.5% in Q1 FY27
- Monthly sales per square foot
- ₹700 in Q2 FY27, compared with ₹886 in Q1 FY27
- Store network
- 427 stores as of 30 September 2026
- Q2 store changes
- 49 new stores opened and three stores closed
- Retail footprint
- Approximately 46.28 lakh square feet as of 30 September 2026
- Shares on 5 October
- Opened at ₹182.15; intraday high ₹185 and low ₹162.55
- Analyst's cited price levels
- Immediate resistance at ₹185–₹190; immediate support at ₹155–₹150