Crash alert! V2 Retail shares plunge 20% on Q2 enterprise replace; festive season shift weighs on development
V2 Retail stated same-store gross sales have been broadly steady on a festival-normalised foundation, whereas the shift of Navratri and Durga Puja from the second quarter final 12 months to the third quarter this 12 months affected reported same-store gross sales development.
Standalone income stood at Rs 905 crore in Q2 FY27, in contrast with Rs 705 crore in Q2 FY26, marking a 28.4% YoY improve. The corporate stated this development got here regardless of the festive season shifting from Q2 final 12 months to Q3 this 12 months.
On a festival-normalised foundation, which compares every day of the quarter with the corresponding day of final 12 months’s pageant calendar, same-store gross sales development stood at 0.5% in Q2 FY27. On a calendar foundation, SSSG was -14.9%, as the bottom quarter, Q2 FY26, included the Navratri and Durga Puja interval, whereas these festivals fall in October 2026, or Q3 FY27, this 12 months.
V2 Retail stated the timing shift highlights the significance of trying by seasonal distortions to evaluate the underlying stability of its efficiency. Month-to-month gross sales per sq. foot stood at Rs 700 in Q2 FY27. The corporate stated the quarter didn’t embrace the Navratri and Durga Puja season, whereas a bigger portion of its retailer community continues to be within the ramp-up section.
Of the corporate’s 427 shops, 106 have been opened in the course of the first half of FY27. V2 Retail stated these components replicate the pure ramp-up cycle of recent shops and the timing of the festive season, whereas additionally highlighting the scalability of its increasing retailer footprint.
With the festive season forward, the corporate stated it’s positioned to seize the demand uplift in Q3 whereas sustaining its long-term development momentum.
Disclaimer: This text has been written by Veer Sharma, who just isn’t a SEBI-registered Analysis Analyst or an Funding Adviser. Veer Sharma and his ‘relative(s)’ (as outlined beneath Part 2(77) of the Firms Act, 2013) don’t maintain any monetary curiosity within the corporations talked about on this article as of the date of publication. The views/suggestions talked about on this article, wherever relevant, are these of the respective SEBI-registered Analysis Analyst/brokerage and have been reproduced/reported with due attribution. They shouldn’t be construed because the views or suggestions of The Financial Instances Digital or the journalist. Readers are suggested to contemplate the unique analysis report and make their funding choices based mostly on their very own evaluation. Brokerage disclaimers right here.
