V2 Retail plans 25 new India stores

Value fashion brand V2 Retail plans to open 25 new stores in India in the coming four months. The family-centred apparel business aims to expand with an omni-channel approach and focus on profitability. 

The business is focusing on profitability as part of its plan to reach an earnings before interest, tax, depreciation, and amortisation rate of Rs 100 crore in the 2025 financial year, V2 Retail’s director Akash Agarwal told ET Retail. The business reported in a Bombay Stock Exchange filing last month that its EBITDA totalled Rs 60.9 crore in the third quarter of the 2024 financial year, up 60% compared to its total of Rs 38.1 crore for the third quarter of the 2023 fiscal year. 
 
V2 Retail plans to continue to expand with an omni-channel strategy while balancing ambition with responsible business practices, the brand’s founder Ram Chandra Agarwal told Adgully. Agarwal is focused on making V2 Retail a staple fashion choice in the market and streamlining omni-channel operations while promoting profitable growth for its e-commerce operations. 

“Looking ahead, V2 Retail has ambitious omni-channel expansion plans,” Ram Chandra Agarwal told Adgully in an interview. “However, we are mindful of maintaining a balance between aggressive growth and responsible business practices. We understand that the Indian market is still in its nascent stages, and it is crucial to prioritise getting things right the first time. We are excited about the future of V2 Retail and the opportunities that lie ahead. With our commitment to excellence and customer-centric approach, I am confident that we will continue to thrive in the dynamic retail landscape of India.”