V2 Retail Posts Strong Q1FY27 Driven by Store Footprint Growth

achieved a 58% YoY revenue increase to Rs 997 crore for Q1FY27, supported by a robust 56% YoY growth in sales volume and higher average bill values. Network Expansion Strategy: The retailer expanded its network to over 400 stores after adding 56 net stores in Q1, remaining on track to add 170–200 locations in FY27 alongside acquiring 12 RK Retail stores. Store Productivity and Payback Economics: New locations operate at 65–70% productivity relative to mature outlets, achieving immediate first-month profitability with a payback period of 2.5 to 3 years. Customer Retention and Operational Efficiency: Customer repeat rates within one year climbed to nearly 55%, while enhanced replenishment cycles reduced store-level inventory cover from 10–12 days down to 2–3 days. Margin Factors and Outlook: Despite short-term gross margin pressure from lower full-price sales and upcoming raw-material inflation, management targets 8–10% SSSG for FY27, backed by favorable long-term store economics.