Moneycontrol
Last Updated : Dec 12, 2017 03:56 PM IST | Source: CNBC-TV18

Will close FY18 around Rs 600 crore, says V2 Retail

In an interview to CNBC-TV18, Akash Agarwal, Director of V2 Retail spoke about the results and his outlook for the company.

CNBC TV18 @moneycontrolcom

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.
First Published on Dec 12, 2017 03:54 pm
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