Department Stores company V2 Retail announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue from operations stood at Rs 380 crore, registering a growth of 64% on YoY basis. Gross Margin stood at 27.3% for Q2FY25 as compared to 28.1% for Q2FY24. EBIDTA for the quarter stood at Rs 33.1 crore as compared to Rs 19.9 crore in Q2FY24, registering a growth of 60% on YoY basis. EBIDTA margin stood at 8.7% for Q2FY25 as compared to 8.6% for Q2FY24. PAT for the quarter stood at Rs (1.9) crore as compared to Rs (5.7) crore in Q2FY24, registering a growth of 66% on YoY basis. H1FY25 Financial Highlights: Revenue from operations stood at Rs 795 crore, registering a growth of 61% on YoY basis. Gross Margin stood at 28.2% for H1FY25 as compared to 29.4% for H1FY24. EBIDTA for H1FY25 stood at Rs 88.5 crore as compared to Rs 55.5 crore in H1FY24, registering a growth of 60% on YoY basis. EBIDTA margin stood at 11.1% for H1FY25 as compared to 11.2% for H1FY24. PAT for the H1FY25 stood at Rs 14.4 crore as compared to Rs 0.5 crore in H1FY24, registering a growth of 2,551% on YoY basis. Other Highlights: As on Q2FY25, the Company operates 139 stores with a total retail area of ~14.82 lakh Sq. Ft. The Company added net 22 stores in H1FY25. Healthy Same Store Sales Growth of 36% in H1FY25 despite higher base and general industry slowdown. Robust volume growth of 49% in H1FY25. The MRP sales contributed 91% in H1FY25 as compared to 85% in H1FY24 Ram Chandra Agarwal, Chairman & Managing Director said: " The first half of the financial year has been very reassuring as we continue to deliver robust performance after a historic FY24. Our outstanding performance is a testament to the success of our strategic initiatives, which have driven excellence in innovative product development; enhanced store experiences; exceptional customer satisfaction. At V2 Retail, our mission is to democratize fashion by offering high-quality, trendy apparel at affordable prices to value-conscious consumers across all tiers of cities. We achieve this through operational excellence, strategic expansion, competitive pricing, a customer-centric approach, and the strategic use of technology. Our diverse product range, competitive pricing and exceptional shopping experience ensure that we provide significant value to our customers. As we continue to grow and innovate, we remain committed to making fashion accessible to all, uplifting communities, and driving sustainable growth. By focusing on penetrating underserved rural markets and maintaining a strong presence in Tier I and Tier II cities, we reach a diverse customer base alongside understanding and responding to the unique preferences and needs of our customers across different regions through localized product offerings and personalized shopping experiences has given us the edge compared to others. We believe this is just the start and we are geared to set up new benchmark both in terms of customer satisfaction and resultant reflection in our performance. Our seasoned team of designers, merchandisers, and inventory management experts has given us a competitive edge, setting us apart from our peers. Their expertise enables us to, create on-trend designs that captivate our customers; curate product assortments that meet evolving market demands; optimize inventory levels for maximum efficiency and minimal waste Our customers' enthusiastic embrace of our unique products at competitive prices (MRP) is a resounding endorsement of our customer-centric approach. By prioritizing, fresh and varied product offerings; uncompromising quality and exceptional value for money. The growth across all our stores have been encouraging, translating into a robust SSG of 36% in H1FY25. We have seen robust demand in the ongoing festive season and we are very hopeful that the ensuing wedding season and the winter season will further strengthen our position in the areas we operate. We have added another 5 stores during the current quarter. The store addition momentum will continue as we have a very healthy pipeline of upcoming stores.” Result PDF