In an interview to CNBC-TV18, Akash Agarwal, Director of V2 Retail spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Akash Agarwal, Director of V2 Retail spoke about its Q2 results and his outlook for the company.
Agarwal said that the same store growth in the quarter was 3 percent.
He further said that in Q2 we saw negative impact on sales because of flood that happened in July-August. However, it recovered a bit in September.
On growth front, he said we are looking to close FY18 around Rs 600 crore and in the next five years we are looking to grow at a CAGR of 40-50 percent.
In the next 15 months we are looking to open at least 50 new stores, he added.Watch accompanying video for more details.