Results▼ Strongly bearish for V2 Retail
V2 Retail shares plunge 19% after Q2 business update | What lies ahead for investors?
The brief
- Shares fell over 19% on October 5 after the Q2 business update
- Revenue rose 28.4%, but same-store sales growth was lower
- The update raises concerns about V2 Retail’s sales momentum despite revenue growth
V2 Retail shares fall after Q2 update
V2 Retail’s Q2 standalone revenue rose 28.4% to ₹905 crore, with 49 new stores. Its shares fell as much as 19% after the update, which cited lower same-store sales growth and a shift in Navratri and Durga Puja into October–December.
Monday, 5 October
- V2 Retail shares plunge 19% after Q2 business update | What lies ahead for investors?