The total number of stores as of December 2024 stood at 160, with 21 new openings during the quarter.
New Delhi: V2 Retail reported a 58.1% increase in standalone revenue from operations on Thursday, to Rs 591.03 crore for the December quarter.
V2 Retail told the BSE in a regulatory filing that the value retailer reported revenue from operations of Rs 373.76 crore in the October-December quarter a year ago.
“Standalone revenue from operations for the quarter ended (QE) December 31, 2024, stood at Rs 591.03 crore registering a 58% YoY growth,” V2 Retail said while sharing the quarter-end update.
The total number of stores as of December 2024 stood at 160, with 21 new openings during the quarter.
“V2 Retail continues its strategic expansion into key markets, bringing the total retail area to 17.22 lakh sq ft,” it said.
The Ram Chandra Agarwal-promoted company has achieved same-store sales growth of 25% in Q3, FY25 as compared to Q3, FY24, helped by a “strong consumer demand and operational efficiency”, it added.
Shares of V2 Retail Ltd on Thursday settled at Rs 1,643.75 on the BSE, down 2.60% from its previous close.
