What we do V2 Retail Ltd operates a fast-growing retail chain in India offering affordable apparel, household goods, and FMCG across 294 stores in 25 states. |
Founded in 2,001 |
Market share Among fastest-growing value retail chains in India with strong presence in tier-II and III cities, leveraging large scale procurement and extensive distribution. |
Problem solved Provides affordable, quality fashion and household products to India's growing middle and neo-middle class, addressing value-for-money demand. |
Top clients or who we serve Serves value-conscious family consumers across multiple Indian cities, focusing on B2C retail customers. |
Key management Mr. Ram Chandra Agarwal (Chairman & Managing Director), Ms. Uma Agarwal (Whole Time Director), Mr. Akash Agarwal (Whole Time Director). |
Our journey and innovations Started as Vishal Retail in 2001, converted public in 2006, rebranded to V2 Retail; expanded to 294 stores and integrated manufacturing & supply chain facilities. |
Where we operate Operates in 225+ cities across 25 Indian states, primarily in tier II and III regions. |
Top products or what we offer Ready-made apparel, footwear, watches, toys, toiletries, grocery, crockery, and lifestyle products under 'V2 Retail' brand. |
Top brands Flagship V2 Retail stores with a portfolio of over 70,000 products, noted for value and variety. |
Raw materials needed Raw materials for apparel manufacturing including fabrics and accessories supplied via in-house manufacturing units and job workers. |
Raw materials supplier Sourced internally from manufacturing units and external job workers primarily in India. |
Recurring vs cyclical contribution Revenue primarily recurring through retail sales with growth driven by store expansion and product assortment. |
Our industry position Key player in affordable retail with improving margins and expanding footprint in India’s retail sector. |
Financial highlights FY25 revenue ₹1884.5 Cr, PAT ₹72 Cr showing strong growth; EBITDA margin improved to ~13.7%. |
Geographical revenue split Entire revenue generated from India across multiple states with no international operations. |
Order book - |
Whats driving growth Store expansion, higher volumes, improving same-store sales, enhanced supply chain efficiency, and digital integration. |
Our future plans Target continual store network expansion beyond 294 stores and invest in technology and supply chain upgrades. |
Our green promise - |
Our people and values Focus on employee engagement, trained retail workforce with ethical business practices, promoting inclusive growth. |
Key challenges ahead Competitive retail landscape, inventory management, cost control, and adapting to evolving consumer preferences. |
Interesting facts Pioneered value retailing in India; recognized with Ernst & Young Entrepreneur award; strong presence in underpenetrated cities. |
Risks and strategy Mitigates risks via efficient supply chain, cost optimization, store rationalization, and leveraging brand loyalty. |
