Date: 02nd October, 2026
Financial Performance
Standalone revenue stood at ₹905 Cr in Q2 FY27 (quarter ended September 30, 2026), compared to ₹705 Cr in Q2 FY26, representing 28.4% year-on-year growth. This growth was achieved despite the shift of Navratri and Durga Puja festivities from Q2 in the previous year to Q3 in the current year.
The revenue figure is subject to limited review/audit by the Statutory Auditors of the Company.
Same Store Sales Growth (SSSG)
On a festival-normalised basis (comparing each day of the quarter with the corresponding day of last year's festival calendar), SSSG was 0.5% in Q2 FY27. On a calendar basis, SSSG was -14.9% due to the base quarter (Q2 FY26) including the Navratri and Durga Puja period, which shifted to October 2026 (Q3 FY27) this year.
Store Productivity
Monthly Sales per Square Foot (PSF) was ₹700 in Q2 FY27. The quarter did not include the Navratri and Durga Puja season, and 106 of the 427 stores were opened during H1 FY27, reflecting the natural ramp-up cycle of new stores.
Network Expansion
The company opened 49 new stores and closed 3 stores during Q2 FY27, taking total new store openings in H1 FY27 to 106. Expansion focused on high-potential Tier 2 and Tier 3 consumption markets.
As of September 30, 2026, the retail footprint expanded to approximately 46.28 lakh sq. ft. across 427 stores, strengthening pan-India presence.
Other Updates
India Ratings upgraded the Company's long-term rating to IND A / Positive from IND A- / Stable in August 2026, reflecting strengthened financial profile and outlook.
The company soft-launched V2Kart e-commerce in September 2026 in Delhi NCR and Lucknow, with orders fulfilled directly from stores, marking an important step in the omni-channel journey.