Moneycontrol
Last Updated : Jan 15, 2018 02:10 PM IST | Source: CNBC-TV18

On track to reach 100 stores by March, 2019: V2 Retail

V2 Retail is up 250 percent in the last one year. The company has opened two more stores; one in Madhya Pradesh and other in Himachal Pradesh. In an interview to CNBC-TV18, Akash Agarwal, Director of V2 Retail spoke about new store opening and the latest happenings in the company.

CNBC TV18 @moneycontrolcom

V2 Retail is up 250 percent in the last one year. The company has opened two more stores; one in Madhya Pradesh and other in Himachal Pradesh. In an interview with CNBC-TV18, Akash Agarwal, Director of V2 Retail spoke about new store opening and the latest happenings in the company.

We are on track to reach 100 stores by March 2019, said Agarwal.

He further said that in FY18 the inventory days are expected to be between 80 and 90. However, our target is to bring down inventory days to 75 in few years.

Talking about business, he said the company is looking at revenue of Rs 2,000 crore by FY21.

We are looking at the sales compound annual growth rate (CAGR) of 40 percent in next 3-4 years, he added.

Watch accompanying video for more details.
First Published on Jan 15, 2018 02:09 pm

tags #Business

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