V2 Retail stock fell over 12-14.5% after the company lowered its same-store-sales growth guidance for FY27 despite maintaining revenue growth guidance; CEO Akash Aggarwal discussed Q2 business update

Mon 5 Oct 2026

Stock price decline

14.5 percent

Q2 same-store-sales growth

0.5 percent

Revised SSSG guidance FY27

5 to 7 percent

Prior SSSG guidance

8 to 10 percent

H1 revenue growth achieved

42 to 44 percent

Heard on business television between 12:22:58 - 12:25:58 IST.

• Same-store-sales growth (SSSG) was just 0.5% in Q2; CEO said full-year SSSG guidance is being revised down to 5-7% from earlier 8-10%, citing high base effect and Durga Puja festival shifting to Q3.
• Revenue growth guidance maintained at over 50% for FY27 despite only 42-44% growth in H1, as festive sales shifted from September to October.
• Store addition target maintained at ~200 stores for the year; 104 more leases already signed after opening 106 stores so far; next year's target to be decided after Q3 performance.
• FY26 cash flow from operations was negative ₹96 crore despite EBITDA of ₹475 crore; CEO attributed this to ₹300 crore given as bill discounting to vendors and reinvestment into new store working capital, not dividend payouts as company is in high-growth, reinvestment phase.
• Inventory days rose from 140 to 195 and working capital days more than doubled in FY26; CEO called this misleading due to new store pipeline inventory and said creditor days fell from 60 to 35 days due to early vendor payments.

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