Financial Results - Standalone (Q1 FY27 ended June 30, 2026)

  • Total Income: ₹99.82 crore (Q1 FY26: ₹63.05 crore)
  • Revenue from Operations: ₹99.72 crore (Q1 FY26: ₹62.97 crore)
  • Other Income: ₹0.98 crore (Q1 FY26: ₹0.76 crore)
  • Profit Before Tax: ₹5.16 crore (Q1 FY26: ₹3.71 crore)
  • Tax Expense: ₹0.97 crore (Q1 FY26: ₹0.93 crore)
  • Net Profit: ₹4.19 crore (Q1 FY26: ₹2.77 crore)
  • Basic EPS: ₹1.15 (restated for stock split)
  • Diluted EPS: ₹1.15 (restated for stock split)

Financial Results - Consolidated (Q1 FY27 ended June 30, 2026)

  • Total Income: ₹99.82 crore
  • Revenue from Operations: ₹99.72 crore
  • Other Income: ₹0.98 crore
  • Profit Before Tax: ₹5.16 crore
  • Tax Expense: ₹0.97 crore
  • Net Profit: ₹4.19 crore
  • Basic EPS: ₹1.15
  • Diluted EPS: ₹1.15
  • Subsidiary (V2 Smart Manufacturing Private Limited) reported net loss of ₹4.85 lakhs with nil revenue

Management Appointments

Mr. Manu Agarwal appointed as President Buying & Merchandising and designated as Senior Management Personnel effective August 13, 2026. He brings approximately 25 years of retail experience, previously with Aarkey Retail Private Limited in senior buying and merchandising roles.

Mr. Dinesh Malpani appointed as President Operations and designated as Senior Management Personnel effective August 13, 2026. He brings approximately 30 years of retail experience, previously serving as CEO of Jubilant Retail and Sabka Bazaar, and Retail Head at Hiranandani Retail.

Operational Updates

  • The company acquired certain inventory and property, plant and equipment pertaining to 12 stores from Aarkey Retail Private Limited, along with related lease rights and obligations during June 2026.
  • The subsidiary V2 Smart Manufacturing Private Limited had its manufacturing facilities shut down during FY2025-26, and management is assessing future operational alternatives.

Contractual Matters

  • Advertisement contract with Bennett, Coleman and Co. Limited (BCCL) initially dated July 17, 2020 for 5 years has been extended until March 31, 2028.
  • Advance of ₹12.06 crore outstanding since April 2019 against this contract is considered fully recoverable as management is confident of utilization against future advertisement services.

Capital Structure

  • Face value of equity shares was ₹10 per share until stock split approved with record date of March 26, 2026.
  • Post stock split: Face value reduced to ₹1 per share, number of equity shares increased from 3,64,63,755 to 36,46,37,550 shares.
  • All previous period EPS figures have been restated considering post-split number of shares.

Board Meeting Details

  • Commenced at 12:00 p.m. and concluded at 13:55 p.m. on August 13, 2026.