V-Mart revenue up 23% to Rs 1,089cr; V2 Retail surges 58% in Q1 FY27
Value-fashion retailers post strong Q1 FY27 updates. V-Mart hit Rs 1,089cr revenue (+23% YoY) with 591 stores after 15 new openings. V2 Retail grew 58% with 381 stores and 7.5% SSSG at Rs 886 sales/sq ft. FirstCry parent Brainbees approved a Rs 300cr OFS for subsidiary Swara Baby's IPO.
What happened
V-Mart Retail · Q1 FY27 updates for Indian retailers: V-Mart revenue up 23% to Rs 1,089cr with 591 stores; V2 Retail up 58% with 381 stores. FirstCry parent
Key facts
- V-Mart revenue Rs 1,089 crore, up 23% YoY
- V-Mart 591 stores, 15 new opened
- V2 Retail 58% YoY revenue growth, 381 stores, 57 new
- V2 SSSG 7.5%, Rs 886 sales/sq ft
- FirstCry subsidiary Swara Baby IPO OFS up to Rs 300 crore
- Ola Electric 43,719 vehicles Q1 FY27
Why this matters
Brainbees' Rs 300cr OFS to fund Swara Baby's IPO highlights active portfolio monetization in retail, while the widening growth gap between V-Mart and V2 Retail hints at future consolidation or M&A opportunities across the fragmented value-fashion space.
What to watch
- Q1 FY27 detailed results: EBITDA margin and SSSG breakdown vs new-store contribution
- Sales/sq ft trajectory (V2 at Rs 886) and inventory turns
- Store opening pace vs same-store productivity
- Rural/tier-2 demand indicators and monsoon/festive commentary
- Swara Baby IPO pricing and subscription as sentiment gauge
- V2 Retail likely to accelerate store rollout guidance to sustain 50%+ narrative
- Analysts upgrade FY27 revenue estimates for value-fashion cohort; watch for margin caveats
- FirstCry/Brainbees OFS for Swara Baby signals broader retail IPO/monetization pipeline reopening
- Peer read-across to Trent, Vishal Mega Mart, Reliance value formats