Monday, December 11, 2017

V2 RETAIL LIMITED - QUARTERLY RESULTS FOR Q/E SEPTEMBER 2017 - Q2 FY 2017-18



V2 RETAIL LIMITED

QUARTERLY RESULTS FOR Q/E SEPTEMBER 2017
Q2 FY 2017-18


Press Release dated December 11, 2017

V2 Retail Limited, India’s fastest growing Retail Company, has declared its Unaudited Financial Results for the Quarter and Half Year ended on September 30, 2017

Financials at a Glance

Revenue:

· Revenue grew by 33% Y-o-Y in Q2FY18 from Rs.103.2 crores to Rs. 137.5 crores.

· Revenue grew by 32% Y-o-Y in H1FY18 from Rs. 211.4 crores to Rs. 279.8 crores.

Gross Profit:

· Gross Profit increased from Rs.28.9 crores to Rs. 42.9 crores in this quarter. Gross margin improved from 28% to 31.2%.

· Gross Profit increased from Rs. 60.2 crores to Rs. 87.5 crores in H1FY18. Gross margin improved from 28.5% to 31.3% during the period.

EBIDTA:

· EBIDTA grew by 43% Y-o-Y in Q2FY18 from Rs.7 crores to Rs. 10 crores. EBIDTA margin improved from 6.8% to 7.3% during the quarter.

· EBIDTA grew by 33% Y-o-Y in H1FY18 from Rs. 19 crores to Rs. 25.4 crores. EBIDTA margin improved from 9% to 9.1% during the period.

Profit Before Tax:

· Profit Before Tax (PBT) grew by 168% Y-o-Y in Q2FY18 from Rs. 3 crores to Rs.  8.1 crores.

· Profit Before Tax (PBT) grew by 99% Y-o-Y in H1FY18 from Rs. 11 crores to Rs. 21.9 crores.
Particulars ( in Crores) Q2FY18 Q2FY17 Y-o-Y H1FY18 H1FY17 Y-o-Y
Profit After Tax (PAT):

· Profit After Tax (PAT) grew by 290% Y-o-Y in Q2FY18 from Rs. 1.3 crores to Rs. 5 crores.

· Profit After Tax (PAT) grew by 129% Y-o-Y in H1FY18 from Rs. 6 crores to Rs. 13.7 crores.

Others:

· The company has opened 6 new stores Q2FY18.

· The Company operates 44 stores spread across 13 states with a total retail area in excess of 5.24 lac Sq. Ft.

About V2 Retail Limited

V2 Retail is one of the fastest growing retail company in India and enjoys strong brand equity from customers across segments. The company offers a portfolio of products, including apparel and life style products. V2 stands for ‘Value and Variety’ it sells good quality fashion garments at affordable prices, which suits every individual and household. The Company has a Strong presence in Northern
& Eastern India. The Company caters to the neo middle class group of population living in small towns and cities.

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