V2 Retail shares fall 20% after Q2 business update
In short
V2 Retail shares fell 20% after the company said Q2 FY27 revenue rose 28.4% to Rs 905 crore.
The update also showed same-store sales growth was only 0.5% on a festival-normalised basis and minus 14.9% on a calendar basis. The company says stronger demand may come in Q3, but that is not certain.
What the reporting says
V2 Retail shares fell 20% after it reported Q2 FY27 revenue of Rs 905 crore, up 28.4% year on year, and said same-store sales growth was 0.5% on a festival-normalised basis. The company linked the weaker calendar-based figure of minus 14.9% to the shift in Navratri and Durga Puja, while also citing continued store expansion. The immediate consequence is a sharp stock drop, with stronger Q3 demand still only expected.
Why it matters
V2 Retail shares fell 20% after a Q2 FY27 business update showed revenue of Rs 905 crore, up 28.4% year on year. The company said same-store sales growth was 0.5% on a festival-normalised basis but minus 14.9% on a calendar basis because Navratri and Durga Puja shifted timing. Investors appear focused on weaker comparable sales despite store expansion, and the source says stronger demand is only expected in Q3.