V2 Retail's Expansion and Funding Plans

V2 Retail Ltd. is exploring a Qualified Institutional Placement (QIP) to raise funds for expansion and debt repayment, as revealed by Whole-Time Director Akash Agarwal. The capital will support the opening of new stores—currently guided at ₹750 per square foot—and help strengthen the company’s balance sheet. The company aims to improve its Pre-Ind AS EBITDA margin from 8% in FY25 to 10% over the next two to three years through strategies like increasing sales per square foot, optimizing costs, and improving product mix. V2 Retail remains committed to its value-for-money positioning under its "No Brand Only Fashion" (NBOF) concept, with no plans to premiumise or dilute promoter stakes. With an average selling price of ₹300, the company expects only nominal ASP growth aligned with inflation and believes its current model can scale to 3,000 stores.