• Revenue growth guidance: V2 Retail is maintaining its full-year revenue growth guidance of over 50% despite achieving around 42% in H1, as the Durga Puja festive demand shifted from September into October.
• SSSG guidance revision: Management lowered full-year same-store sales growth guidance to 5–7% from 8–10%, citing a high base from previous years, raw material price inflation, and delayed festive purchasing.
• Store network expansion: The company remains on track to add approximately 200 stores this year with 104 additional leases signed, noting that internal accruals can sustain 150 to 200 annual store additions without external capital.
• Working capital dynamics: Negative cash flow from operations and elevated working capital days were attributed to around ₹300 crore deployed in early vendor bill discounting and advance inventory buildup for new store rollouts.