Key Financial Figures (Standalone, ₹ in lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹90,559.98
  • Other income: ₹248.27
  • Total income: ₹90,808.25
  • Total expenses: ₹88,330.00
  • Profit before tax: ₹2,478.25
  • Tax expense: ₹658.92
  • Profit for the period: ₹1,821.32
  • Other comprehensive income: ₹(11.88)
  • Total comprehensive income: ₹1,809.44
  • Basic & Diluted EPS: ₹0.50

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹190,279.63
  • Other income: ₹347.05
  • Total income: ₹190,626.68
  • Total expenses: ₹182,989.82
  • Profit before tax: ₹7,636.86
  • Tax expense: ₹1,630.49
  • Profit for the period: ₹6,006.46
  • Other comprehensive income: ₹(76.70)
  • Total comprehensive income: ₹5,929.76
  • Basic & Diluted EPS: ₹1.65

Comparative Figures (Q2 FY2026):

  • Revenue from operations: ₹70,863.61
  • Profit for the period: ₹1,723.06
  • Basic & Diluted EPS: ₹0.50

Key Balance Sheet Items (Standalone, as of September 30, 2026)

  • Total assets: ₹301,686.37 lakhs
  • Inventories: ₹144,646.69 lakhs
  • Cash and cash equivalents: ₹825.26 lakhs
  • Total equity: ₹96,172.92 lakhs
  • Borrowings (non-current): ₹4,564.04 lakhs
  • Lease liabilities (non-current): ₹62,439.70 lakhs
  • Trade payables: ₹57,288.88 lakhs (including ₹3,824.20 lakhs due to micro/small enterprises)

Key Operational Highlights

  • The company operates in a single reportable segment: retail trade through a chain of stores in India.
  • A subsidiary, V2 Smart Manufacturing Private Limited, recorded nil revenue as its manufacturing facilities were shut down during FY2025-26. It reported a net loss of ₹(7.05) lakhs for Q2 and ₹(11.90) lakhs for H1 FY2027.

Auditor's Emphasis of Matter

The statutory auditors, Singhi & Co., drew attention to Note 4 regarding an advance of ₹1,032.91 lakhs outstanding since April 2019 to Bennett, Coleman and Co. Limited (BCCL). This advance is considered good and recoverable based on the extension of the underlying advertisement contract until March 31, 2028. The management is confident of utilizing this advance against future advertisement services.

Capital Structure Update

The company effected a stock split/sub-division of its equity shares from a face value of ₹10 to ₹1 per share. The record date was March 26, 2026. Consequently, the number of outstanding equity shares increased from 3,64,63,755 to 36,46,37,550. All historical per-share data (e.g., EPS) has been restated to reflect this change.

Cash Flow Highlights (H1 FY2027, Standalone)

  • Net cash from operating activities: ₹1,966.05 lakhs
  • Net cash used in investing activities: ₹(15,089.62) lakhs (primarily for purchase of property, plant and equipment)
  • Net cash from financing activities: ₹13,394.48 lakhs (primarily from net proceeds from current borrowings of ₹25,191.07 lakhs)
  • Net increase in cash and equivalents: ₹270.91 lakhs

Board Meeting Details

The Board meeting to approve the results commenced at 16:46 and concluded at 18:20 on November 03, 2026.