Maximum of debt is inform of lease liabilities plus another company named Bazaar style same business model same market has a higher debt to equity due to more number of stores the reason for such high debt is due to including lease liabilities into debt.
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Who is the current CEO and CFO of V2 retail? The investor presentation does not include any CEO/CFO. As per the latest information Manshu Tandon had resigned from CEO position
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Could you link the document as well I am unable to find this information.
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SSG 25%
The total number of stores as of December 31, 2024, stands at 160, with 21 (Twenty-One) new
store openings during the quarter. V2 Retail continues its strategic expansion into key markets,
bringing the total retail area to ~17.22 lakh sq.ft.
Key Highlights for 9M FY25:
- Standalone Revenue from operations grew by 59% reaching to ₹ 1,385.19 crores for the nine
months ended December 31, 2024 surpassing our FY24 full year revenue from operations. - Same Store Sales Growth (SSG) of ~31% across the nine month of FY25.
- Sales per square feet per month (PSF) at ₹ 1,069 for 9M FY 2025 as compared to ₹ 862 in 9M
FY24, demonstrating sustained operational excellence. - 45 (Forty-Five) new stores opened and Closed 2 (Two) stores during 9M FY25, reinforcing our
brand acceptance across geographies.
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Excellent update by company
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They seem to be currently winning the retail race, outperforming Trent and other value retailers.
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Red Flag: CFO, CEO & Company Secretary all resigned. I have mailed the company investor relations at cs@v2kart.com, no reply provided.
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I did not get what redflag are u pointing at
The CFO / CEO resignations date back to 2019 which is 6 year old news according to your article shared
The CS Resignation is of 2024 and which is considerbly lower risk as CS do tend to switch between companies as they are not directly linked the core business or its performance .
Can u please through some light how you consider these as red flags
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A lone hand may steer the ship, but many hands make the voyage sure.
The Red Flag is that even though the CEO/CFO resignations are dates back to 2019, there is no clear info about who are currently holding the responsibilities of CEO and CFO currently. Is it AKASH AGARWAL who is the one man show? Lack of Clarity.
- The Website still shows the old info that Manshu Tandon (already resigned) is still holding the CEO position.
- Investor Presentations have no info.
- Company Concalls - MR. AKASH AGARWAL – WHOLE-TIME DIRECTOR is the only one who joins, No CEO/CFO joins.
- The last concall dated July 31, 2024 is where Manshu Tandom joined.
- Mailed cs@v2kart.com , No clarity provided about CEO/CFO positions.
- Here is what linkedin says about Manshu Tandon
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- The last concall dated July 31, 2024 is where Manshu Tandom joined.
This Annual Report is of 2024. After this no update of CFO/CEO in concalls/investor presentation/investor relations.
If there is a change, they will update. As per companies act, KMPs are needed for all publicly listed companies. https://cleartax.in/s/key-managerial-personnel-kmp-under-companies-act-2013.
As per SEBI, 2015 disclosure regulations, the companies need to inform stock exchanges within 24 hours of resignation/death of any KMP. So, if there is no update, we can assume, there is no change.
Do you see it any differently?
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Interview of Mr R C Agarwal, chairman of V2 Retail. Although the discussion is in Hindi, it is sufficiently interspersed with English to be understandable to a person not very conversant with Hindi. Value Fashion is a highly competitive business. Execution every quarter decides whether you retain your spot at the summit or fall behind a more agile competitor.
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Sorry but can anyone explain this to a beginner?
Did the AMC purchase shares directly from V2 retail for its 2 funds listed in the document?
If it was purchased via market (which is the usual way, i assume), why did they have to disclose it to the exchanges?
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Via market only. MF bought V2 retail shares
It does show up in screener.in too. Soon this will get updated too in Sast trades etc
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Management interview with CNBC. Interestingly, they were asked about their manufacturing subsidiary. As per V2, insourced apparel is 10% cheaper. It is not clear why they don’t expand it to have more competitive advantage. Or, hive it off, release some cash which can then be ploughed back to retail expansion.
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V2Retail : Management Interview
Growth Guidance
- 50 %+ REV growth in FY26
- SSSG : 25 % in FY25, 15 % in FY26
Plans to add 125 new stores in the next 14 months
Significant opportunity for growth in the organized retail sector, particularly in value fashion.
Value fashion segment in India is expected to grow at a CAGR of more than 13-14% over the next few years.
Aim to increase sales per sqft per month to ₹1,200 in the next 18-24 months
As sales per sqft increase, pre-IND AS EBITDA margins to rise from about 7% to 9-9.5%.
Expansion plans through internal accruals.
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V2 RETAIL Q3 :CONS NET PROFIT UP 117 % AT 51.2 CR (YOY), 1.93 CR LOSS (QOQ)
REVENUE UP 58 % AT 590 CR (YOY) ,UP 56 % (QOQ)
EBITDA UP 83 % AT 111 CR (YOY), UP 237 %(QOQ)
MARGINS AT 18.85 % V 16.3 % (YOY), 8.7 % (QOQ)
In October concall V2 Retail management had said that they were expecting 30-35% qoq revenue growth. But delivered 56%
Target : double digits SSSG
Delivered 25% SSSG 
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