V2 Retail Limited

BSE: 532867 NSE: V2RETAIL
V2 Retail Limited - fashion and textile in New Delhi, Delhi, India. FY 2026 financials and compliance.
CIN L74999DL2001PLC147724 Incorporated 23 July 2001 ROC Delhi HQ New Delhi, Delhi, India
Active Listed - NSE: V2RETAIL · BSE: 532867 Public Limited Company fashion and textile
Data last updated
Revenue · FY 2026
₹3,067.05 Cr
▲ 62.75% YoY
EBITDA · FY 2026
₹465.86 Cr
▲ 75.94% YoY
Net profit · FY 2026
₹162.06 Cr
▲ 124.99% YoY
Authorised capital
₹45.84 Cr
Registered with MCA
Paid-up capital
₹36.46 Cr
Issued & subscribed
Open charges
₹156.58 Cr
Satisfied ₹1,006.92 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
2,742
Latest available

About V2 Retail Limited

Data last updated: 09 January 2026

V2 Retail Limited is a public limited company based in New Delhi, Delhi, India. It specialises in fashion retail, a part of the broader fashion and textiles sector. Incorporated on 23 July 2001, the company has been in operation for over 25 years.

Registered with ROC Delhi under CIN L74999DL2001PLC147724. Listed on BSE: 532867 and NSE: V2RETAIL.

Capital: an authorised share capital of ₹45.84 Cr and a paid-up capital of ₹36.46 Cr. Formerly known as Vishal Retail Limited and Vishal Retail Private Limited. It is led by directors including Akash Agarwal and Srinivas Anand Mannava.

Last AGM: 05 September 2025. Financial statements filed for year ended 31 March 2025. Office: Khasra No. 928 Extended Lal Dora Abadi Village Kapashera Tehsil Vasant Vihar, New Delhi, Delhi, India – 110037.

As per the financials filed for FY 2025, the company reported a revenue of ₹1,891.46 Cr, a growth of 61% compared to the previous year.

The company has a workforce of approximately 2,742 employees as per the latest available data. Its group structure includes 1 subsidiary.

The company is associated with 1 brand - V2-Retail. As per MCA filings, the company has open charges of ₹156.58 Cr and satisfied charges of ₹1,006.92 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website v2retail.com.

Company Details of V2 Retail Limited
CIN L74999DL2001PLC147724
Registration Number 147724
Incorporation Date 23 July 2001
ROC Delhi
Listing Status Listed (BSE: 532867, NSE: V2RETAIL)
Company Status Active
Date of Last AGM 05 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Ram Chandra Agarwal Managing Director Akash Agarwal Whole-Time Director Uma Agarwal Whole-Time Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    v2retail.com
  • Social Media
  • Registered Address
    Khasra No. 928 Extended Lal Dora Abadi Village Kapashera Tehsil Vasant Vihar, New Delhi, Delhi, India – 110037
  • Industry
    Fashion and Textile, Fashion Retail
Company report
V2 Retail Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for V2 Retail Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of V2 Retail Limited

V2 Retail Limited has undergone 2 name changes throughout its history. The company was previously known as Vishal Retail Limited, and Vishal Retail Private Limited. The current legal name is V2 Retail Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
V2 Retail Limited Current
Vishal Retail Limited Previous
Vishal Retail Private Limited Previous

CIN History of V2 Retail Limited

V2 Retail Limited has one previous CIN (Corporate Identification Number): U74999DL2001PLC147724. The current CIN is L74999DL2001PLC147724, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L74999DL2001PLC147724 Current
U74999DL2001PLC147724 Previous

Associated Brands with V2 Retail Limited

V2 Retail Limited operates one associated brand: V2-Retail. These brands represent V2 Retail Limited's diversified market presence and brand portfolio.

Brand Description Website
V2-Retail
A chain of apparel stores is operated in India. v2retail.com

Business Activity of V2 Retail Limited

V2 Retail Limited is engaged in the principal business activity of trade, with detailed activities including retail trading.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
G Trade G2 Retail Trading *********

Auditor Details of V2 Retail Limited

V2 Retail Limited is audited by Singhi & Co. (ICAI peer reviewed, certificate valid till 2028-08-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Singhi & Co. (ICAI peer reviewed, certificate valid till 2028-08-31) FY 2026 Declaration of unmodified opinion

Board of Directors of V2 Retail Limited

V2 Retail Limited is currently managed by 9 directors, with 33 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Akash Agarwal
Also directs: V2 Retail Limited, V2 Smart Manufacturing Private Limited, V2 Conglomerate Limited and 3 more
Whole-Time Director 29 Sep 2017 8 Years 9 Months Current
Srinivas Anand Mannava
Also directs: V2 Retail Limited, Sanjivani Super Speciality Hospitals Limited, Investor Relations Forum
Director 10 Feb 2023 3 Years 4 Months Current
Arun Kumar Roopanwal
Also directs: V2 Retail Limited
Director 27 Jan 2020 6 Years 5 Months Current
Ram Chandra Agarwal
Also directs: V2 Retail Limited, V2 Smart Manufacturing Private Limited, Ricon Commodities Pvt.Ltd. and 2 more
Managing Director 23 Jul 2001 24 Years 11 Months Current
Archana Surendra Yadav
Also directs: V2 Retail Limited, V2 Smart Manufacturing Private Limited, Lyka Labs Limited and 3 more
Director 27 Jan 2020 6 Years 5 Months Current
Uma Agarwal
Also directs: V2 Retail Limited, Ricon Commodities Pvt.Ltd., Vishal Waterworld Private Limited and 1 more
Whole-Time Director 23 Jul 2001 24 Years 11 Months Current
Showing 6 of 9 current directors. View all directors

Financials of V2 Retail Limited FY 2026 filings available

V2 Retail Limited reported revenue of ₹3,067.05 Cr (up 62.75% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹3,067.05 Cr ▲ 62.75%
Profit · FY 2026
₹162.06 Cr ▲ 124.99%
EBITDA · FY 2026
₹465.86 Cr ▲ 75.94%
Revenue₹ Cr · Consolidated02,0004,000FY 2020: ₹701 Cr701FY 2020FY 2021: ₹539 Cr · -23.2% YoY539-23.2%FY 2021FY 2022: ₹629 Cr · +16.8% YoY629+16.8%FY 2022FY 2023: ₹839 Cr · +33.3% YoY839+33.3%FY 2023FY 2024: ₹1,165 Cr · +38.8% YoY1,165+38.8%FY 2024FY 2025: ₹1,884 Cr · +61.8% YoY1,884+61.8%FY 2025FY 2026: ₹3,067 Cr · +62.8% YoY3,067+62.8%FY 2026
Net Profit₹ Cr · Consolidated-1000100200FY 2020: ₹9 Cr8.8FY 2020FY 2021: ₹13 Cr (loss) · -246.2% YoY-12.8FY 2021FY 2022: ₹12 Cr (loss) · +9.1% YoY-11.7FY 2022FY 2023: ₹13 Cr (loss) · -9.8% YoY-12.8FY 2023FY 2024: ₹28 Cr · +317% YoY27.8+317%FY 2024FY 2025: ₹72 Cr · +159% YoY72+159%FY 2025FY 2026: ₹162 Cr · +125% YoY162+125%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,0001,500Q1'25: ₹415 Cr · +57.4% YoY415+57.4%Q1'25Q2'25: ₹380 Cr · +64.3% YoY380+64.3%Q2'25Q3'25: ₹591 Cr · +58.1% YoY591+58.1%Q3'25Q4'25: ₹499 Cr · +68.4% YoY499+68.4%Q4'25Q1'26: ₹632 Cr · +52.3% YoY632+52.3%Q1'26Q2'26: ₹1,341 Cr · +252.8% YoY1,341+252.8%Q2'26Q3'26: ₹929 Cr · +57.2% YoY929+57.2%Q3'26Q4'26: ₹797 Cr · +59.9% YoY797+59.9%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹3,067.05 Cr ₹1,884.5 Cr ₹1,164.73 Cr ₹838.88 Cr ₹629.22 Cr ₹538.65 Cr ₹701.23 Cr
Other Income ₹10.36 Cr ₹6.96 Cr ₹7.49 Cr ₹6.67 Cr ₹15.89 Cr ₹22.97 Cr ₹2.48 Cr
Total Income ₹3,077.42 Cr ₹1,891.46 Cr ₹1,172.22 Cr ₹845.55 Cr ₹645.11 Cr ₹561.61 Cr ₹703.7 Cr
Cost of Materials Consumed ₹31.78 Cr ₹98.96 Cr ₹118.29 Cr ₹53.84 Cr ₹25.27 Cr ₹18.02 Cr ₹0
Purchases of Stock-in-Trade ₹2,709.81 Cr ₹1,332.58 Cr ₹777.46 Cr ₹481.37 Cr ₹390.9 Cr ₹444.65 Cr ₹449.15 Cr
Changes in Inventories -₹604.86 Cr -₹146.27 Cr -₹128.96 Cr ₹18.17 Cr ₹11.5 Cr -₹86.77 Cr ₹55.85 Cr
Employee Benefit Expense ₹243.77 Cr ₹159.2 Cr ₹105.48 Cr ₹88.61 Cr ₹63 Cr ₹50.68 Cr ₹62.93 Cr
Finance Costs ₹96.75 Cr ₹67.91 Cr ₹47.22 Cr ₹40.55 Cr ₹36.57 Cr ₹31.28 Cr ₹30.25 Cr
Depreciation & Amortisation ₹182.2 Cr ₹98.65 Cr ₹76.71 Cr ₹67.05 Cr ₹58.83 Cr ₹55.51 Cr ₹50.98 Cr
Other Expenses ₹231.06 Cr ₹182.21 Cr ₹144.64 Cr ₹112.91 Cr ₹73.9 Cr ₹63.53 Cr ₹58.42 Cr
Total Expenses ₹2,890.5 Cr ₹1,793.24 Cr ₹1,140.84 Cr ₹862.5 Cr ₹659.97 Cr ₹576.9 Cr ₹707.58 Cr
Profit Before Exceptional Items & Tax ₹186.91 Cr ₹98.22 Cr ₹31.37 Cr -₹16.95 Cr -₹14.86 Cr -₹15.29 Cr -₹3.87 Cr
Exceptional Items ₹27.69 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹12.55 Cr
Profit Before Tax ₹214.6 Cr ₹98.22 Cr ₹31.37 Cr -₹16.95 Cr -₹14.86 Cr -₹15.29 Cr ₹8.67 Cr
Total Tax Expense ₹52.54 Cr ₹26.19 Cr ₹3.56 Cr -₹4.14 Cr -₹3.18 Cr -₹2.45 Cr -₹11.07 Lakh
Net Profit ₹162.06 Cr ₹72.03 Cr ₹27.81 Cr -₹12.82 Cr -₹11.68 Cr -₹12.84 Cr ₹8.78 Cr
  attributable to Owners - - ₹27.81 Cr ₹0 ₹0 ₹0 ₹0
  attributable to NCI - - ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income -₹29.15 Lakh -₹44.92 Lakh -₹27.08 Lakh -₹18.12 Lakh -₹39.52 Lakh -₹1.18 Lakh -₹51.39 Lakh
Total Comprehensive Income ₹161.77 Cr ₹71.58 Cr ₹27.54 Cr -₹13 Cr -₹12.07 Cr -₹12.85 Cr ₹8.27 Cr
EBITDA (computed) ₹465.86 Cr ₹264.78 Cr ₹155.31 Cr ₹90.66 Cr ₹80.54 Cr ₹71.5 Cr ₹77.35 Cr
Basic EPS ₹4.58 ₹20.83 ₹8.04 ₹-3.73 ₹-3.40 ₹-3.77 ₹2.57
Diluted EPS ₹4.58 ₹20.83 ₹8.04 ₹-3.73 ₹-3.39 ₹-3.76 ₹2.57
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹2,422.21 Cr ₹1,628.36 Cr ₹1,027.14 Cr ₹794.28 Cr
Non-current Assets ₹1,102.15 Cr ₹941.97 Cr ₹540.7 Cr ₹467.41 Cr
Current Assets ₹1,320.06 Cr ₹686.39 Cr ₹486.44 Cr ₹326.88 Cr
Property, Plant & Equipment ₹309.67 Cr ₹210.09 Cr ₹116.08 Cr ₹98.6 Cr
Inventories ₹1,141.77 Cr ₹558.24 Cr ₹418.87 Cr ₹278.88 Cr
Trade Receivables ₹1.58 Cr ₹9.65 Lakh ₹5.54 Lakh ₹6.7 Lakh
Cash & Equivalents ₹5.95 Cr ₹9.01 Cr ₹9.45 Cr ₹4.92 Cr
Equity (Net Worth) ₹902.33 Cr ₹346.3 Cr ₹274.71 Cr ₹246.92 Cr
Equity Share Capital ₹36.46 Cr ₹34.59 Cr ₹34.59 Cr ₹34.39 Cr
Borrowings (Non-current) ₹24.12 Cr ₹18.92 Cr ₹17.3 Cr ₹7.22 Cr
Borrowings (Current) ₹229.78 Cr ₹96.66 Cr ₹73.55 Cr ₹46.48 Cr
Total Debt (computed) ₹253.9 Cr ₹115.58 Cr ₹90.84 Cr ₹53.7 Cr
Current Liabilities ₹913.93 Cr ₹558.25 Cr ₹340.09 Cr ₹205.21 Cr
Total Liabilities ₹1,519.88 Cr ₹1,282.06 Cr ₹752.43 Cr ₹547.36 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹103.43 Cr ₹222.95 Cr ₹93.42 Cr ₹86.36 Cr ₹58.61 Cr
Investing Cash Flow -₹218.68 Cr -₹130.69 Cr -₹39.3 Cr -₹12.27 Cr -₹15.71 Cr
Financing Cash Flow ₹319.04 Cr -₹92.7 Cr -₹49.6 Cr -₹75.7 Cr -₹58.29 Cr
Capital Expenditure ₹230.85 Cr ₹134.35 Cr ₹39.25 Cr ₹11.98 Cr ₹16.08 Cr
Free Cash Flow (computed) -₹334.28 Cr ₹88.6 Cr ₹54.18 Cr ₹74.38 Cr ₹42.53 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹3.06 Cr -₹43.45 Lakh ₹4.53 Cr -₹1.62 Cr ₹6.54 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹797.02 Cr ₹929.18 Cr ₹1,340.85 Cr ₹632.22 Cr ₹498.51 Cr ₹590.94 Cr ₹380.01 Cr ₹415.03 Cr ₹296.04 Cr ₹373.76 Cr ₹231.32 Cr ₹263.61 Cr
Other Income ₹4.08 Cr ₹4.28 Cr ₹2 Cr ₹91.94 Lakh ₹1.86 Cr ₹1.19 Cr ₹2.51 Cr ₹1.39 Cr ₹94.2 Lakh ₹3.03 Cr ₹2.13 Cr ₹1.39 Cr
Total Income ₹801.1 Cr ₹933.46 Cr ₹1,342.86 Cr ₹633.14 Cr ₹500.38 Cr ₹592.13 Cr ₹382.52 Cr ₹416.43 Cr ₹296.98 Cr ₹376.79 Cr ₹233.45 Cr ₹265 Cr
Cost of Materials Consumed ₹8.93 Cr ₹5.86 Cr ₹16.99 Cr ₹11.12 Cr ₹6.22 Cr ₹30.68 Cr ₹28.14 Cr ₹33.91 Cr ₹34.31 Cr ₹26.82 Cr ₹35.23 Cr ₹21.94 Cr
Purchases of Stock-in-Trade ₹855.4 Cr ₹639.14 Cr ₹1,215.27 Cr ₹524.65 Cr ₹411.66 Cr ₹348.75 Cr ₹316.6 Cr ₹255.57 Cr ₹261.58 Cr ₹201.94 Cr ₹171.38 Cr ₹142.57 Cr
Changes in Inventories -₹308.93 Cr -₹17.6 Cr -₹278.33 Cr -₹90.76 Cr -₹60.45 Cr ₹9.02 Cr -₹85.5 Cr -₹9.34 Cr -₹95.52 Cr ₹14.31 Cr -₹55.26 Cr ₹7.49 Cr
Employee Benefit Expense ₹72.72 Cr ₹60.94 Cr ₹110.11 Cr ₹52.62 Cr ₹42.29 Cr ₹42.26 Cr ₹39.02 Cr ₹35.62 Cr ₹29.48 Cr ₹29.71 Cr ₹23.29 Cr ₹22.99 Cr
Finance Costs ₹24.03 Cr ₹21.96 Cr ₹50.76 Cr ₹22.77 Cr ₹21.4 Cr ₹17.83 Cr ₹14.97 Cr ₹13.71 Cr ₹12.83 Cr ₹11.7 Cr ₹12.25 Cr ₹10.44 Cr
Depreciation & Amortisation ₹66.78 Cr ₹45.74 Cr ₹69.67 Cr ₹32.09 Cr ₹27.94 Cr ₹26.32 Cr ₹23.03 Cr ₹21.37 Cr ₹19.47 Cr ₹20.86 Cr ₹18.24 Cr ₹18.15 Cr
Other Expenses ₹59.78 Cr ₹67.14 Cr ₹104.14 Cr ₹47.35 Cr ₹40.96 Cr ₹48.74 Cr ₹48.69 Cr ₹43.81 Cr ₹34.79 Cr ₹40.05 Cr ₹36.78 Cr ₹33.04 Cr
Total Expenses ₹778.72 Cr ₹823.17 Cr ₹1,288.61 Cr ₹599.84 Cr ₹490.03 Cr ₹523.6 Cr ₹384.95 Cr ₹394.66 Cr ₹296.93 Cr ₹345.38 Cr ₹241.93 Cr ₹256.61 Cr
Profit Before Exceptional Items & Tax ₹22.38 Cr ₹110.29 Cr ₹54.24 Cr ₹33.29 Cr ₹10.35 Cr ₹68.53 Cr -₹2.43 Cr ₹21.77 Cr ₹4.86 Lakh ₹31.41 Cr -₹8.48 Cr ₹8.38 Cr
Exceptional Items ₹0 ₹27.69 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹22.38 Cr ₹137.98 Cr ₹54.24 Cr ₹33.29 Cr ₹10.35 Cr ₹68.53 Cr -₹2.43 Cr ₹21.77 Cr ₹4.86 Lakh ₹31.41 Cr -₹8.48 Cr ₹8.38 Cr
Total Tax Expense ₹4.88 Cr ₹35.91 Cr ₹12.35 Cr ₹8.63 Cr ₹3.91 Cr ₹17.34 Cr -₹49.29 Lakh ₹5.43 Cr -₹3.55 Cr ₹7.84 Cr -₹2.78 Cr ₹2.14 Cr
Net Profit ₹17.51 Cr ₹102.07 Cr ₹41.89 Cr ₹24.66 Cr ₹6.44 Cr ₹51.19 Cr -₹1.93 Cr ₹16.34 Cr ₹3.6 Cr ₹23.57 Cr -₹5.7 Cr ₹6.24 Cr
  attributable to Owners - ₹102.07 Cr ₹41.89 Cr ₹24.66 Cr - - -₹1.93 Cr ₹16.34 Cr ₹3.6 Cr ₹23.57 Cr ₹0 -
  attributable to NCI - ₹0 ₹0 ₹0 - - ₹0 ₹0 ₹0 ₹0 ₹0 -
Other Comprehensive Income ₹13.55 Lakh ₹87.28 Lakh -₹1.3 Cr -₹45.76 Lakh -₹1.14 Lakh ₹60,000 -₹29.39 Lakh -₹14.99 Lakh ₹68,000 -₹3 Lakh ₹56,000 -₹25.33 Lakh
Total Comprehensive Income ₹17.64 Cr ₹102.94 Cr ₹40.59 Cr ₹24.21 Cr ₹6.42 Cr ₹51.2 Cr -₹2.23 Cr ₹16.19 Cr ₹3.61 Cr ₹23.54 Cr -₹5.69 Cr ₹5.99 Cr
EBITDA (computed) ₹113.2 Cr ₹177.99 Cr ₹174.67 Cr ₹88.16 Cr ₹59.68 Cr ₹112.68 Cr ₹35.57 Cr ₹56.85 Cr ₹32.35 Cr ₹63.96 Cr ₹22.01 Cr ₹36.97 Cr
Basic EPS ₹0.50 ₹29.17 ₹12.05 ₹7.13 ₹1.86 ₹14.80 ₹-0.56 ₹4.72 ₹1.04 ₹6.82 ₹-1.64 ₹1.81
Diluted EPS ₹0.50 ₹29.17 ₹12.05 ₹7.13 ₹1.86 ₹14.80 ₹-0.56 ₹4.72 ₹1.04 ₹6.82 ₹-1.64 ₹1.81
Latest 12 quarters shown of 25 on record.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹3,060.03 Cr ₹1,884.5 Cr ₹1,164.73 Cr ₹838.88 Cr ₹629.22 Cr ₹538.65 Cr ₹701.22 Cr
Other Income ₹8.9 Cr ₹5.37 Cr ₹6.87 Cr ₹6.15 Cr ₹15.58 Cr ₹22.16 Cr ₹2.27 Cr
Total Income ₹3,068.93 Cr ₹1,889.87 Cr ₹1,171.6 Cr ₹845.03 Cr ₹644.81 Cr ₹560.81 Cr ₹703.49 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹2,746.65 Cr ₹1,533.1 Cr ₹958.57 Cr ₹575.35 Cr ₹442.13 Cr ₹449.7 Cr ₹430.38 Cr
Changes in Inventories -₹612.12 Cr -₹166.18 Cr -₹113.5 Cr ₹20.16 Cr -₹1.47 Cr -₹69.39 Cr ₹74.88 Cr
Employee Benefit Expense ₹239.82 Cr ₹138.14 Cr ₹92.65 Cr ₹81.68 Cr ₹57.61 Cr ₹47.68 Cr ₹62.31 Cr
Finance Costs ₹96.23 Cr ₹66.23 Cr ₹46.12 Cr ₹39.88 Cr ₹36.07 Cr ₹30.24 Cr ₹29.93 Cr
Depreciation & Amortisation ₹181.22 Cr ₹94.74 Cr ₹72.53 Cr ₹63.93 Cr ₹56.59 Cr ₹53.79 Cr ₹50.45 Cr
Other Expenses ₹219.71 Cr ₹127.14 Cr ₹84.65 Cr ₹82.86 Cr ₹70.24 Cr ₹61.89 Cr ₹57.62 Cr
Total Expenses ₹2,871.52 Cr ₹1,793.16 Cr ₹1,141.01 Cr ₹863.87 Cr ₹661.17 Cr ₹573.9 Cr ₹705.56 Cr
Profit Before Exceptional Items & Tax ₹197.42 Cr ₹96.71 Cr ₹30.58 Cr -₹18.84 Cr -₹16.36 Cr -₹13.09 Cr -₹2.07 Cr
Exceptional Items ₹18.14 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹12.55 Cr
Profit Before Tax ₹215.55 Cr ₹96.71 Cr ₹30.58 Cr -₹18.84 Cr -₹16.36 Cr -₹13.09 Cr ₹10.47 Cr
Total Tax Expense ₹52.22 Cr ₹25.81 Cr ₹3.3 Cr -₹4.35 Cr -₹3.46 Cr -₹2.05 Cr ₹32.65 Lakh
Net Profit ₹163.34 Cr ₹70.9 Cr ₹27.29 Cr -₹14.49 Cr -₹12.9 Cr -₹11.04 Cr ₹10.15 Cr
Other Comprehensive Income -₹29.15 Lakh -₹42.17 Lakh -₹22.58 Lakh -₹15.98 Lakh -₹39.43 Lakh -₹94,000 -₹51.39 Lakh
Total Comprehensive Income ₹163.04 Cr ₹70.47 Cr ₹27.06 Cr -₹14.65 Cr -₹13.3 Cr -₹11.05 Cr ₹9.63 Cr
EBITDA (computed) ₹474.87 Cr ₹257.67 Cr ₹149.23 Cr ₹84.97 Cr ₹76.31 Cr ₹70.93 Cr ₹78.3 Cr
Basic EPS ₹4.62 ₹20.50 ₹7.89 ₹-4.21 ₹-3.76 ₹-3.24 ₹2.97
Diluted EPS ₹4.62 ₹20.50 ₹7.89 ₹-4.21 ₹-3.76 ₹-3.24 ₹2.97
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹2,421.85 Cr ₹1,577.13 Cr ₹966.1 Cr ₹766.24 Cr
Non-current Assets ₹1,107.14 Cr ₹931.4 Cr ₹521.73 Cr ₹461.78 Cr
Current Assets ₹1,314.7 Cr ₹645.73 Cr ₹444.37 Cr ₹304.46 Cr
Property, Plant & Equipment ₹309.67 Cr ₹192.55 Cr ₹95.17 Cr ₹85.7 Cr
Inventories ₹1,140.4 Cr ₹526.18 Cr ₹359.97 Cr ₹246.47 Cr
Trade Receivables ₹0 ₹1.18 Lakh ₹5.54 Lakh ₹6.7 Lakh
Cash & Equivalents ₹5.54 Cr ₹7.56 Cr ₹6.21 Cr ₹1.94 Cr
Equity (Net Worth) ₹902.31 Cr ₹345 Cr ₹274.53 Cr ₹247.22 Cr
Equity Share Capital ₹36.46 Cr ₹34.59 Cr ₹34.59 Cr ₹34.39 Cr
Borrowings (Non-current) ₹24.12 Cr ₹12.69 Cr ₹3.87 Cr ₹0
Borrowings (Current) ₹229.78 Cr ₹95.64 Cr ₹73.55 Cr ₹46.48 Cr
Total Debt (computed) ₹253.9 Cr ₹108.33 Cr ₹77.42 Cr ₹46.48 Cr
Current Liabilities ₹913.58 Cr ₹518.17 Cr ₹300.72 Cr ₹188.15 Cr
Total Liabilities ₹1,519.53 Cr ₹1,232.12 Cr ₹691.57 Cr ₹519.02 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹96.24 Cr ₹212.89 Cr ₹85.56 Cr ₹79.99 Cr ₹62.9 Cr
Investing Cash Flow -₹231.16 Cr -₹128.29 Cr -₹28.95 Cr -₹9.11 Cr -₹13.28 Cr
Financing Cash Flow ₹325.39 Cr -₹83.26 Cr -₹52.33 Cr -₹74.89 Cr -₹58.85 Cr
Capital Expenditure ₹231.49 Cr ₹129.99 Cr ₹30.52 Cr ₹9.48 Cr ₹13.65 Cr
Free Cash Flow (computed) -₹327.73 Cr ₹82.9 Cr ₹55.04 Cr ₹70.52 Cr ₹49.25 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹2.01 Cr ₹1.34 Cr ₹4.27 Cr -₹4 Cr -₹9.23 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹798.14 Cr ₹927.3 Cr ₹1,334.59 Cr ₹629.7 Cr ₹498.51 Cr ₹590.94 Cr ₹380.01 Cr ₹415.03 Cr ₹296.04 Cr ₹373.76 Cr ₹231.32 Cr ₹263.61 Cr
Other Income ₹3.7 Cr ₹3.97 Cr ₹1.23 Cr ₹76.48 Lakh ₹1.32 Cr ₹43.83 Lakh ₹2.39 Cr ₹1.23 Cr ₹78.63 Lakh ₹2.8 Cr ₹2 Cr ₹1.29 Cr
Total Income ₹801.84 Cr ₹931.27 Cr ₹1,335.82 Cr ₹630.46 Cr ₹499.83 Cr ₹591.38 Cr ₹382.39 Cr ₹416.26 Cr ₹296.82 Cr ₹376.57 Cr ₹233.32 Cr ₹264.89 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹871.66 Cr ₹640.96 Cr ₹1,234.03 Cr ₹535.76 Cr ₹426.64 Cr ₹408.53 Cr ₹383.87 Cr ₹314.06 Cr ₹308.07 Cr ₹254 Cr ₹221.75 Cr ₹174.75 Cr
Changes in Inventories -₹314.66 Cr -₹17.57 Cr -₹279.89 Cr -₹89.18 Cr -₹60.01 Cr ₹42.15 Lakh -₹97.23 Cr -₹9.37 Cr -₹87.47 Cr ₹8.61 Cr -₹49.83 Cr ₹15.19 Cr
Employee Benefit Expense ₹72.72 Cr ₹60.94 Cr ₹106.17 Cr ₹48.97 Cr ₹38.47 Cr ₹37.08 Cr ₹32.89 Cr ₹29.7 Cr ₹25.28 Cr ₹25.85 Cr ₹20.86 Cr ₹20.66 Cr
Finance Costs ₹24.03 Cr ₹21.88 Cr ₹50.32 Cr ₹22.4 Cr ₹20.95 Cr ₹17.52 Cr ₹14.52 Cr ₹13.25 Cr ₹12.47 Cr ₹11.45 Cr ₹11.98 Cr ₹10.23 Cr
Depreciation & Amortisation ₹66.78 Cr ₹45.45 Cr ₹68.98 Cr ₹31.69 Cr ₹27.16 Cr ₹25.61 Cr ₹21.8 Cr ₹20.17 Cr ₹18.29 Cr ₹19.78 Cr ₹17.26 Cr ₹17.19 Cr
Other Expenses ₹55.66 Cr ₹66.09 Cr ₹97.96 Cr ₹43.68 Cr ₹36.14 Cr ₹34.03 Cr ₹29.71 Cr ₹27.26 Cr ₹19.85 Cr ₹24.75 Cr ₹19.74 Cr ₹20.34 Cr
Total Expenses ₹776.18 Cr ₹817.75 Cr ₹1,277.58 Cr ₹593.32 Cr ₹489.35 Cr ₹523.19 Cr ₹385.56 Cr ₹395.06 Cr ₹296.49 Cr ₹344.43 Cr ₹241.75 Cr ₹258.35 Cr
Profit Before Exceptional Items & Tax ₹25.65 Cr ₹113.52 Cr ₹58.24 Cr ₹37.15 Cr ₹10.48 Cr ₹68.19 Cr -₹3.17 Cr ₹21.2 Cr ₹33.1 Lakh ₹32.13 Cr -₹8.44 Cr ₹6.54 Cr
Exceptional Items -₹3.55 Cr ₹21.69 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹22.1 Cr ₹135.21 Cr ₹58.24 Cr ₹37.15 Cr ₹10.48 Cr ₹68.19 Cr -₹3.17 Cr ₹21.2 Cr ₹33.1 Lakh ₹32.13 Cr -₹8.44 Cr ₹6.54 Cr
Total Tax Expense ₹3.92 Cr ₹35.89 Cr ₹12.41 Cr ₹9.4 Cr ₹3.82 Cr ₹17.32 Cr -₹65.6 Lakh ₹5.34 Cr -₹3.54 Cr ₹8.04 Cr -₹2.75 Cr ₹1.63 Cr
Net Profit ₹18.19 Cr ₹99.32 Cr ₹45.83 Cr ₹27.75 Cr ₹6.67 Cr ₹50.88 Cr -₹2.51 Cr ₹15.86 Cr ₹3.87 Cr ₹24.09 Cr -₹5.68 Cr ₹4.92 Cr
Other Comprehensive Income ₹13.55 Lakh ₹87.28 Lakh -₹1.3 Cr -₹45.76 Lakh ₹1.62 Lakh ₹59,000 -₹29.38 Lakh -₹14.99 Lakh ₹5.19 Lakh -₹3 Lakh ₹56,000 -₹25.33 Lakh
Total Comprehensive Income ₹18.32 Cr ₹100.19 Cr ₹44.53 Cr ₹27.29 Cr ₹6.68 Cr ₹50.88 Cr -₹2.8 Cr ₹15.71 Cr ₹3.92 Cr ₹24.06 Cr -₹5.68 Cr ₹4.66 Cr
EBITDA (computed) ₹116.47 Cr ₹180.85 Cr ₹177.55 Cr ₹91.24 Cr ₹58.59 Cr ₹111.32 Cr ₹33.15 Cr ₹54.61 Cr ₹31.09 Cr ₹63.36 Cr ₹20.8 Cr ₹33.96 Cr
Basic EPS ₹0.51 ₹28.38 ₹13.25 ₹8.02 ₹1.93 ₹14.71 ₹-0.73 ₹4.59 ₹1.12 ₹6.97 ₹-1.65 ₹1.42
Diluted EPS ₹0.51 ₹28.38 ₹13.25 ₹8.02 ₹1.93 ₹14.71 ₹-0.73 ₹4.59 ₹1.12 ₹6.97 ₹-1.65 ₹1.42
Latest 12 quarters shown of 25 on record.
Want more history and ratios?
You're viewing the latest exchange-filed financials for V2 Retail Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of V2 Retail Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 51.43%, foreign institutional investors hold 2.62%, domestic institutional investors hold 9.28%, retail and other public shareholders hold 36.66% of V2 Retail Limited. The company had 45,025 shareholders on record.

Promoters: 51.43%DII (Domestic Institutional): 9.28%FII (Foreign Institutional): 2.62%Retail & Others: 36.66%
Mar 2026
QUARTER
51.43% Promoters
9.28% DII (Domestic Institutional)
2.62% FII (Foreign Institutional)
36.66% Retail & Others
Promoter holding - history
Now 51.43% · Mar 2026High 61.47% · Dec 2015Low 51.00% · Oct 2017
50%53.3%56.5%59.8%63%Dec 2015Dec 2017Jun 2020Mar 2023Nov 2025Dec 2015: 61.47%Mar 2016: 61.47%Jun 2016: 61.47%Sep 2016: 61.47%Nov 2016: 56.42%Dec 2016: 56.42%Jan 2017: 52.71%Mar 2017: 52.71%Jun 2017: 52.71%Sep 2017: 52.71%Oct 2017: 51.00%Dec 2017: 51.00%Mar 2018: 51.36%May 2018: 51.14%Jun 2018: 51.14%Sep 2018: 51.14%Dec 2018: 51.14%Mar 2019: 51.14%Jun 2019: 51.14%Sep 2019: 51.14%Dec 2019: 52.37%Mar 2020: 52.74%Jun 2020: 53.62%Sep 2020: 53.62%Dec 2020: 54.00%Mar 2021: 54.00%Jun 2021: 54.00%Sep 2021: 53.56%Dec 2021: 53.56%Mar 2022: 53.56%Jun 2022: 53.56%Sep 2022: 53.56%Dec 2022: 53.56%Mar 2023: 53.56%Jun 2023: 54.26%Sep 2023: 54.26%Dec 2023: 54.28%Mar 2024: 54.28%Jun 2024: 54.30%Sep 2024: 54.30%Dec 2024: 54.30%Mar 2025: 54.24%Jun 2025: 54.22%Sep 2025: 54.22%Nov 2025: 51.43%Dec 2025: 51.43%Mar 2026: 51.43%61.47%51.00%51.43%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Nov 2025Sep 2025Jun 2025Mar 2025
Promoters51.43%51.43%51.43%54.22%54.22%54.24%
Public48.57%48.57%48.57%45.78%45.78%45.76%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters51.43%54.24%54.28%53.56%53.56%54.00%52.74%51.14%51.36%52.71%61.47%
Public48.57%45.76%45.72%46.44%46.44%46.00%47.26%48.86%48.64%47.29%38.53%
Promoter change (YoY, %pts)-2.81-0.04+0.72+0.00-0.44+1.26+1.60-0.22-1.35-8.76-

Board & Governance of V2 Retail Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of V2 Retail Limited has 6 directors - 3 independent and 3 executive. The board is chaired by RAM CHANDRA AGARWAL.

DirectorPositionOn board sinceListed boards
RAM CHANDRA AGARWAL Executive Director · MD · Chairperson 2001-07-23 1
UMA AGARWAL Executive Director 2001-07-23 1
AKASH AGARWAL Executive Director · CEO 2017-09-29 1
ARCHANA SURENDRA YADAV Non-Executive - Independent Director 2020-01-27 4
ARUN KUMAR ROOPANWAL Non-Executive - Independent Director 2020-01-27 1
SRINIVAS ANAND MANNAVA Non-Executive - Independent Director 2023-02-10 1
Board Committees
CommitteeMembers
Audit Committee ARCHANA SURENDRA YADAV (Chairperson), RAM CHANDRA AGARWAL, ARUN KUMAR ROOPANWAL, SRINIVAS ANAND MANNAVA
Nomination and remuneration committee ARUN KUMAR ROOPANWAL (Chairperson), ARCHANA SURENDRA YADAV, SRINIVAS ANAND MANNAVA
Stakeholders Relationship Committee ARUN KUMAR ROOPANWAL (Chairperson), UMA AGARWAL, ARCHANA SURENDRA YADAV, RAM CHANDRA AGARWAL
Risk Management Committee ARUN KUMAR ROOPANWAL (Chairperson), AKASH AGARWAL, SRINIVAS ANAND MANNAVA
Corporate Social Responsibility Committee ARCHANA SURENDRA YADAV (Chairperson), RAM CHANDRA AGARWAL, AKASH AGARWAL, ARUN KUMAR ROOPANWAL
ESOP Committee RAM CHANDRA AGARWAL (Chairperson), UMA AGARWAL, AKASH AGARWAL
Fund Raising Committee RAM CHANDRA AGARWAL (Chairperson), UMA AGARWAL, AKASH AGARWAL

Group Structure of V2 Retail Limited

V2 Retail Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects V2 Retail Limited's business expansion strategy and organizational complexity.

1
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
V2 Smart Manufacturing Private Limited U18209DL2019PTC356730 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings of V2 Retail Limited

Open charges
₹156.58 Cr
Satisfied charges
₹1,006.92 Cr
Breakdown by lending institutions
Others₹146.38 Cr
Hdfc Bank Limited₹9.49 Cr
Axis Bank Limited₹0.72 Cr
Latest charge details
DateLenderAmountStatus
10 Oct 2025 Others ₹15 Cr Open
27 Aug 2025 Hdfc Bank Limited ₹3.45 Cr Open
02 May 2025 Others ₹50 Cr Open
17 Feb 2025 Others ₹6.38 Cr Open
17 Feb 2025 Hdfc Bank Limited ₹55.35 Lakh Open

Total charge records: 34 View all charges

Employees and EPFO Compliance at V2 Retail Limited

V2 Retail Limited has a workforce of 2,742 employees as of Jul 18, 2024.

Employee count
2,742
Active EPFO establishments
2
Employee growth
28.91%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of V2 Retail Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of V2 Retail Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of V2 Retail Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for V2 Retail Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of V2 Retail Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by V2 Retail Limited

MSME Payment Delays by V2 Retail Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of V2 Retail Limited

Subsidiaries & Group Companies of V2 Retail Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of V2 Retail Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of V2 Retail Limited

MCA Filings & Documents of V2 Retail Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on V2 Retail Limited

Charges
10 Oct 2025
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101171488 was registered on 10 Oct 2025.
Activity
05 Sep 2025
V2 Retail Limited last Annual general meeting of members was held on 05 Sep 2025 as per latest MCA records.
Charges
27 Aug 2025
A charge with Hdfc Bank Limited amounted to Rs. 3.45 Cr with Charge ID 101169041 was registered on 27 Aug 2025.
Charges
11 Jul 2025
A charge registered on 11 Mar 2025 via Charge ID 101073813 with Others was fully satisfied on 11 Jul 2025.
Charges
11 Jul 2025
A charge registered on 21 Nov 2024 via Charge ID 101010534 with Others was fully satisfied on 11 Jul 2025.
Charges
04 Jul 2025
A charge registered on 19 Jan 2024 via Charge ID 100855053 with Sidbi was fully satisfied on 04 Jul 2025.

Recent News on V2 Retail Limited

V2 Retail opens new store in Faridabad
14 Nov 2023 · Fashion Network
V2 Retail Q1 net profit jumps to Rs 5 crore
16 Aug 2023 · Fashion Network

Frequently Asked Questions about V2 Retail Limited

V2 Retail Limited is an active public limited company in the fashion and textile sector based in New Delhi, Delhi, India. It was incorporated on 23 July 2001 (25+ years old) and is registered under CIN L74999DL2001PLC147724. Listed on BSE: 532867 and NSE: V2RETAIL. The company has 2,742 employees.

V2 Retail Limited reported revenue of ₹1,891.46 Cr for FY 2025 (up 61.00% YoY).

The current directors of V2 Retail Limited are:

The primary industry of V2 Retail Limited is fashion and textile. The company specifically operates in fashion retail. The company is currently active in this sector.

Yes. V2 Retail Limited is listed on both BSE (code: 532867) and NSE (symbol: V2RETAIL).

V2 Retail Limited can be reached at the registered office: Khasra No. 928 Extended Lal Dora Abadi Village Kapashera Tehsil Vasant Vihar, New Delhi, Delhi, India – 110037, or through the website v2retail.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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