Motilal Oswal rates V2 Retail buy with ₹275 target
Brokerage Motilal Oswal upgraded to a Buy rating on V2 Retail, setting a price target of Rs 275 that suggests 27% growth potential. The company cited its expansion in tier-II and tier-III cities as key drivers.
Motilal Oswal Financial Services initiated coverage on V2 Retail with a Buy rating and a target price of Rs 275, implying approximately 27% upside from the reference level of Rs 217. Analysts at the firm highlighted the retailer's strategy targeting value-conscious consumers in tier-II and tier-III markets as a primary growth factor. They pointed to strong store economics and disciplined inventory management as further supports for long-term expansion. V2 Retail operates roughly 400 stores across more than 300 cities, with private labels making up nearly 90% of its sales volume. In-house designed products account for about 35-40% of revenue. The brokerage noted annual sales per square foot reached approximately Rs 923 in fiscal year 2026. Market data showed V2 Retail shares climbed 3.21% to Rs 223.44 on the NSE during Monday trading at around 9:30 am, though the stock had slipped 1.02% over the prior week.
