Analysis published 15 Jun 2026

AI-generated · cited to primary sources · not investment advice

V2 Retail (532867) Feb 2026 Filing Analysis

01 · Management Credibility

Does management do what it says?

ExceededNet Store Addition Rate and Closure Ratio
90/100

The company surpassed its store addition target for FY26, achieving a net addition of 136 stores. (4 exceeded, 1 revised across 5 tracked commitments)

We have already opened 10 and we should open 20 more.

V2 Retail · Concall Transcript · Feb 2026 · p.14
Omnichannel and Digital-Physical Integration

Management plans to launch an omnichannel strategy in the future using stores as dark warehouses. — target: Omnichannel launch (+1 more commitment)

Whereas, if we are doing omnichannel, and which we are planning to do and we will launch in the future, where you are using your store inventory as a dark warehouse and delivering from the store itself within a very small radius

V2 Retail · Concall Transcript · Feb 2026 · p.11

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02 · Business Model

How durable is the business?

Customer Acquisition Cost and Repeat Purchase Rate
70/100

Men's wear remains the dominant category, maintaining its revenue share at 41% despite rapid overall company growth. (1 stable, 1 expanding)

sir, you mens wear continue to contribute 41% of revenue

V2 Retail · Concall Transcript · Feb 2026 · p.9

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