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Employees: 10,561
Size V2 Retail (V2RETAIL.NS) is an India Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $672M, the 735th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹173.50 on 6 Nov 2026.
Performance Over six months the shares fell 19.6%, against -6.3% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 49.3% over the last twelve months (peer median +6.0%); the operating margin is 8.5% (peer median 6.3%).
Valuation It trades at 20.2× forward earnings against a peer median of 13.8× (6th most expensive of 16).
Capital Return on invested capital runs 6.8 points below its cost of capital (16.7% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹36.3B | ₹30.7B | ₹18.8B | ₹11.6B | ₹8.39B |
| Revenue growth | — | +63% | +62% | +39% | — |
| Gross profit | ₹5.61B | ₹4.12B | ₹2.40B | ₹1.21B | ₹664M |
| EBITDA | ₹5.53B | ₹4.74B | ₹2.61B | ₹1.49B | ₹847M |
| Net income | ₹1.80B | ₹1.62B | ₹720M | ₹278M | -₹128M |
| Free cash flow | n/a | -₹4.31B | ₹10.0M | ₹70.6M | ₹339M |
| Capital expenditure | n/a | ₹2.31B | ₹1.34B | ₹393M | ₹131M |
| Total debt | ₹13.8B | ₹9.95B | ₹8.71B | ₹5.25B | ₹4.24B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | V2RETAIL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.8% | +1.6% | 4th highest of 21 |
| 6-month return | -19.6% | -6.3% | 9th lowest of 21 |
| Distance from 52-week high | -33.1% | -26.5% | 9th lowest of 21 |
| Revenue growth (TTM) | +49.3% | +6.0% | 2nd highest of 21 |
| Operating margin | 8.5% | 6.3% | 5th highest of 20 |
| Forward P/E | 20.2× | 13.8× | 6th most expensive of 16 |
| ROIC minus cost of capital | -6.8 pp | +1.5 pp | 5th lowest of 19 |
| EV / EBITDA | 13.9× | 6.6× | 3rd most expensive of 17 |
| Net debt / EBITDA | 2.5× | 0.7× | 6th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| V2 Retail V2RETAIL.NS | India | $672M | -20% | +49% | 9% | 20.2× | n/a | n/a |
| AOYAMA TRADING 8219.T | Japan | $704M | -7% | -2% | 6% | 13.3× | -1.6% | +3.2% |
| Redtape REDTAPE.NS | India | $624M | -18% | +14% | 14% | n/a | 10.2% | +18.1% |
| Nishimatsuya Chain 7545.T | Japan | $725M | -6% | +5% | 5% | 13.8× | -21.2% | +3.9% |
| RVRC RVRC.ST | Sweden | $596M | -1% | +5% | 21% | 14.4× | 7.6% | +17.6% |
| boohoo DEBS.L | United Kingdom | $526M | +46% | +120% | 0% | 29.6× | n/a | n/a |
| Topsports International 6110.HK | Hong Kong | $882M | -62% | -3% | 5% | 6.1× | -20.9% | -7.2% |
| Brainbees Solutions FIRSTCRY.NS | India | $883M | -33% | +12% | -2% | 194.4× | 20.1% | +39.8% |
| Aditya Birla Fashion and Retail ABFRL.NS | India | $503M | -42% | -27% | -8% | n/a | n/a | n/a |
| AND ST HD 2685.T | Japan | $900M | +2% | +3% | 6% | 12.0× | -15.3% | +10.6% |
| AOKI 8214.T | Japan | $912M | +10% | 0% | 8% | n/a | -5.3% | +6.3% |
| Arvind Fashions ARVINDFASN.NS | India | $486M | -25% | +13% | 8% | 26.8× | 16.6% | +22.5% |
| Winmark WINA | United States | $944M | -29% | +9% | 60% | 23.9× | 7.7% | +5.4% |
| Shenzhen Pengfei Green Energy Development 002356.SZ | China | $458M | -29% | -23% | n/a | n/a | n/a | n/a |
| Lindex LINDEX.HE | Finland | $456M | +16% | +4% | 7% | 12.4× | -7.2% | +3.8% |
| Aditya Birla Lifestyle Brands ABLBL.NS | India | $995M | -35% | +7% | 7% | 32.4× | 22.2% | n/a |
| EEKA Fashion 3709.HK | Hong Kong | $442M | -20% | -4% | 8% | 6.8× | -19.3% | +2.6% |
| Caleres CAL | United States | $438M | -6% | +7% | 4% | 6.6× | 0.4% | +5.4% |
| Jinfa Labi Maternity & Baby Articles 002762.SZ | China | $429M | -4% | +12% | -14% | n/a | n/a | n/a |
| United Arrows 7606.T | Japan | $426M | -1% | +8% | 6% | 10.1× | -10.9% | +6.2% |
| Universal Store UNI.AX | Australia | $425M | +24% | +13% | 17% | 14.1× | 4.0% | +12.3% |