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 March 2014 as against a net loss of Rs 5.27 crore during the previous year ended March 2013. Sales rose 116.61 percent to Rs 228.89 crores in March 2014 as against Rs 105.67 crores during the previous year ended March 2013.

Vishal Retail was incorporated in 2001. V2 Retail (formerly known as Vishal Retail) is one of the fastest growing retail groups in India. The company offers a portfolio of products including apparel and non-apparel. The company sells readymade apparel, household merchandise and other consumer goods like footwear, toys, games, handbags, fragrance, home furnishing, décor product, sports items, crockery, novelties and gifts.

Vishal Retail offers affordable family fashion. The showrooms have a huge product range. The cost benefit that is derived from the large central purchase of goods and services is passed on to the consumer.