• Store expansion target: V2 Retail opened 136 new stores in FY26 against a target of 100, and is targeting at least 170 new store openings this year with the potential to reach 200.
• SSSG and productivity: Full-year same-store sales growth reached 8.6%, and the company targets a sustainable 8% to 10% SSSG going forward on its higher base of over ₹1,100 sales per square foot in older stores.
• Working capital increase: Working capital days increased from 45 to 81 due to higher safety inventory against potential supply chain disruptions, advance stocking for 60 planned Q1 store openings, and vendor bill discounting and prepayments.
• Revenue growth guidance: Management is guiding for 50% annual revenue growth, supported by monthly profitability reviews, better fashion assortments, faster trend response, and increased digitalization.