V2 Retail news and archive

V2 Retail’s Q3 net profit down 12 percent

For the third quarter V2 Retail’s net profit dropped 12 percent. Sales revenue for the quarter was down nine per cent. V2 Retail is a leading player in the fashion and apparel market. It has over 75 stores spread across 17 states and 70 cities. V2 Retail, formerly known as Vishal Retail, expects to increase its share of the overall market to 24...

Business

V2 Retail’s quarterly income rises, goes over Rs 200 cr

V2 Retail’s total income was Rs 202.50 crores during the period ended June 30, 2019, as compared to Rs165.55 crores during the period ended March 31, 2019. Net profit was Rs 11.44 crores for the period ended June 30, 2019, as against Rs 4.20 crores for the period ended March 31, 2019. EPS was Rs 3.36 for the period ended June 30, 2019, as...

Retail

V2 Retail to open 100 stores by end of next fiscal

Fashion and apparels retailer V2 Retail has chalked out aggressive retail expansion plan, aiming to double its store presence and take it upto 100 stores by the end of next fiscal. By end of June 2018, it had already opened 63 stores and plans to open the next 37 stores by end of March 2019. The retail chain recently opened its 63rd ‘V2 Retail’...

Business

Lighthouse invests in V2 Retail

Lighthouse, a middle market private equity firm focused on growth investments in India's consumer sector, has invested 760 million Indian Rupee in V2 Retail, one of India's fastest growing, pure play apparel value retailers. V2 Retail provides a one-stop apparel solution for the whole family and the investment will be used to accelerate the...

Business

V2 Retail aims at 50 per cent rise in sales in FY17

V2 Retail, a fashion and apparels retailer, is looking at a 50 per cent jump in turnover to Rs 450 crores in the next one year. This will be possible based on network expansion. It is aiming to double its sales network to 40 stores from the present 21. The company is looking at investing between Rs 35-40 crores to add 20 stores in Tier II and...

Business

BCCL inks Rs 32.5 cr investment deal with V2 Retail

Four years after making an exit from the debt-ridden Vishal Retail, media company Bennett, Coleman & Co (BCCL) has again decided to invest Rs 32.5 crores in Delhi-based retail chain operator V2 Retail (formerly known as Vishal Retail). The retail company will issued one convertible warrant at a price of Rs 32.5 crores on a preferential allotment...

Business

V2 Retail gains on green signal to preferential allotment

V2 Retail, at its board meeting held on February 26, 2015, recommended issue of convertible warrants on preferential basis to Bennett Coleman and Company. After the news hit the market, the stock touched a high of Rs 44.80 during the day. V2 Retail's net profit surged 58 percent to Rs 5.15 crore on 12.8 percent growth in net sales to Rs 79.16...

Apparel

V2 Retail to enter e-retailing space to push growth

V2 Retail, earlier known as Vishal Retail, will enter the e-commerce space in the next six months. It is in talks with India's top three marketplaces. The company, which has 16 stores in the country, was acquired by TPG Wholesale and Shriram Group three years ago. Last week, it posted an EBIDTA of Rs 11.5 crores and registered a turnover of Rs...

Apparel

V2 Retail yearly sales up 116.61 percent

The net loss for V2 Retail was Rs 10.10 crores in the quarter ended March 2014 as against net loss of Rs 3.47 crore during the previous quarter ended March 2013. Sales rose 101.38 percent to Rs 52.40 crores in the quarter ended March 2014 as against Rs 26.02 crores during the quarter ended March 2013. The annual net loss was Rs 4.51 crore in...