V2 Retail Limited has informed the Exchange regarding Investor Presentation

V2 Retail Limited

Date: January 28, 2019

To

National Stock Exchange of India Limited Exchange Plaza, Plot No. C/I, G Block, BandraKurla Complex, Bandra(East) Mumbai-40005 1 NSE Code- V2RETAIL

BSE Limited 25t" floor,"PhirozeJeqeebhoy Tower' Dalai Street, Narimal Point, Mumbai-40000 1 BSE Code-532867

Sub: Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015:- Q3 FY19 Result (Jpdate

Dear Sir/Madam

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Please bind enc:used herewith Q3 FY19 Result Update.

Please treat this as intimation to your exchange as per the DEBI(Listing Obligations and Disclosure Requirements) Regulations 20 1 5

This is for your information and record

Yours Truly

Compliance Officer

Khasra No. 919,921 ,926,928, Extended Lal Dora Abadi Village Kapashera Teshil Vasant Vihar, South West Delhi -110037 Land Mark:- Fun N Food Village Amusement Park . Tel.: 011-41771850 E-mail : customercare@vrl.net.in, cs@vrl.net.in . Website: www.v2retail.com ' CIN : L74999DL2001 PLC147724

Q3 FY19 Result Update January 2019

V2 Retail Limited

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Safe Harbor

This presentation and the accompanying slides (the “Presentation”), which have been prepared by V2 Retail Ltd. (the “Company”),

have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or

subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment

whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing

detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the

Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth,

accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive

and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission

from, this Presentation is expressly excluded.

This presentation contains certain forward looking statements concerning the Company’s future business prospects and business

profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such

forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and

uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international),

economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts,

our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward

looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company.

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Q3 FY19 Highlights

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Highlights Q3 FY19

REVENUE

Growth of 58% from ₹ 1,524 mn in Q3 FY18 to ₹ 2,411 Mn in Q3 FY19.

EBIDTA

Growth of 35% from ₹ 227 Mn in Q3 FY18 to ₹ 306 Mn in Q3 FY19.

₹

GROSS PROFIT

Growth of 57% from ₹ 538 Mn in Q3 FY18 to ₹ 847 Mn in Q3 FY19. Gross margin stood at 35% for Q3 FY19

PBT

₹

PAT

Growth of 35 % from ₹ 214 Mn in Q3 FY18 to ₹ 288 Mn in Q3 FY19 (before exceptional item)

Growth of 73% from ₹ 137 Mn in Q3 FY18 to ₹ 236 Mn in Q3 FY19.

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Highlights Q3 FY19

Number of stores increased to 74 in Q3 FY19 (addition 6, close 2).

Same Store Sales growth 9% in Q3 FY19. ASP for Q3 FY19 was ₹ 299.

Revenue growth of 58% to ₹ 2,411 mn

Increase in Gross Profit by 57% to ₹ 847 mn

Sales per Square feet (per month) is ₹ 945

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Highlights 9M FY19

Number of stores increased to 74 in 9M FY19 (addition 28, close 3).

Same Store Sales growth (5%) in 9M FY19. ASP for 9M FY19 was ₹ 269.

Revenue growth of 35% to ₹ 5,845 mn

Increase in Gross Profit by 37% to ₹ 1,940 mn

Sales per Square feet (per month) is ₹ 868

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Highlights Q3 FY19 & 9M FY19

Revenue (₹ Million)

Gross Profit (₹ Million) and Gross Profit Margins

EBIDTA (₹ Million) and EBIDTA Margins

Profit before Tax & Exceptional items (₹ Million)

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2,411 1,524 5,845 4,322 5,594 - 800 1,600 2,400 3,200 4,000 4,800 5,600 6,400Q3 FY19Q3 FY189M FY199M FY18FY 20188475381,9401,413 1,804 05001,0001,5002,0002,500Q3 FY19Q3 FY189M FY199M FY18FY 2018306227425480517 0100200300400500600Q3 FY19Q3 FY189M FY199M FY18FY 2018288214402433460 050100150200250300350400450500Q3 FY19Q3 FY189M FY199M FY18FY 2018Financial Q3 FY19 & 9M FY19

^ Not Annualised

• Exceptional items amounting to ₹ 266 mn for the 9M period ended December 31, 2018, represents one time settlement amount which the

Company has agreed to pay the lenders for relinquishing their Right of Recompense (ROR) for the sacrifices made by them in Financial year

2010-2011 under the Corporate Debt Restructuring (CDR) package vide Master Restructuring Agreement (MRA) entered into in November,

2010. The Company has vide letter dated 21 August 2018 to the lenders offered to pay above said amount upto February 28, 2019.

• Other income includes gain of ₹ 46 mn on Sale of CCD of TPG Wholesale Private Limited.

• The Net amount payable by the company is approx ₹ 220 mn after adjusting sale value of CCD, FDR and other related matters with the CDR

lenders. CDR lenders have agreed to release all the securities held by them and shall not raise any claim of whatsoever nature against the

company in terms of the MRA after payment of the said amount.

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Particulars (₹ million)Q3 FY19Q2 FY19Q3 FY189M FY199M FY18FY18Revenue from Operations2,411 1,5571,524 5,845 4,322 5,594 Other Income23 51 9 82 18 33 Total Revenue2,434 1,608 1,533 5,928 4,340 5,627 Total Expenses2,146 1,672 1,319 5,525 3,907 5,167 Profit before tax and Exceptional Items288 (64) 214 402 433 460 Exceptional Items*13 253 - 266 - - Profit before Tax275(317) 214 136 433 460 Total Tax Expense39 (132) 77 (27) 159 149 Profit for the period236 (185) 137 163 273 311 EPS Basic (₹ per share)^6.93 (5.44) 4.30 4.78 8.61 9.62 EPS Diluted (₹ per share)^6.88 (5.44) 4.29 4.75 8.59 9.62 ^ Not AnnualisedBalance Sheet

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Particulars (₹ in Mn)H1FY2019FY 2018Particulars (₹ in Mn)H1FY2019FY 2018ASSETSEQUITY AND LIABILITIESNon-current assetsEquityProperty, plant and equipment889 624 Equity share capital341 339 Capital work-in-progress17 7 Other equity 2,347 2,400 Other intangible assets4 1 Total - Equity2,688 2,740 Intangible assets under development59 59 Financial assetsLIABILITIESLoans45 34 Non-current liabilitiesOther financial assets8 8 Financial liabilities1 1 Deferred tax assets (net)114 48 Provisions15 12 Income tax assets (net)39 39 Other non-current liabilities43 21 Other non-current assets224 212 Total non-current liabilities59 34 Total - Non-Current Assets1,399 1,033 Current assetsCurrent liabilitiesInventories2,548 1,602 Financial liabilitiesFinancial assetsBorrowings150 - Investments- 897 Trade payables1,351 1,003 Trade receivables0 - Other financial liabilities 276 28 Cash and cash equivalents71 48 Provisions8 7 Other financial assets54 6 Other current liabilities80 21 Other current assets495 184 Total - Current liabilities1,866 1,059 Total - Current Assets3,168 2,737 Liabilities directly associated with assets classified as held for sale78 62 Assets classified as held for sale124 124 TOTAL - ASSETS4,691 3,894 TOTAL - EQUITY AND LIABILITIES4,691 3,894 Store Presence Jammu & Kashmir (2) Kathua; Jammu

Himachal (1)

Solan

NCR (3)

Mahipalpur; Faridabad; Kapasehra

Rajasthan (1)

Kota

Madhya Pradesh (2)

Jabalpur; Sagar

Goa (1)

Panaji

Telangana (1)

Hyderabad

Karnataka (6)

Hubli; Belgaum, Udupi, Vijaynagar, Davanagere, Gulbarga

Arunachal (1)

Itanagar

Assam (4) & Tripura (1)

Guwahati 1; Guwahati 2; Silchar; Barpeta, Agartala

Bihar (17)

Patna ; Gaya; Darbhanga; Bhagalpur; Bettiah; Arrah; Purnia; Chapra; Siwan; Bihar Sharif; Begusarai; Sitamarhi; Motihari; Saharsa; Lakhisarai, Samastipur, Barh

Jharkhand (7)

Jamshedur; Ranchi; Hazaribagh; Deogarh; Rajdhanwar, Chas, Dumka

Uttarakhand (4) Haldwani; Roorkee; Haridwar, Khatima

Uttar Pradesh (16)

Gorakhpur 1; Gorakhpur 2; Azamgarh; Jaunpur; Sitapur; Varanasi; Bhangel; Gazipur; Pratapgarh; Mau; Farrukhabad; Lucknow 1; Behraich; Lucknow 2, Firozabad, Akbarpur

Odisha (7)

Cuttack; Berhampur; Bhuwaneshwar 1; Jeypore; Bhuwaneshwar 2; Bhuwaneshwar 3, Jajpur

1010

Stores additions – Q3 FY19

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Sr. No.StateCityTier1KarnatakaDavanagereTier 32GoaPanajiTier 23Uttar PradeshFirozabadTier 34JharkhandDumkaTier 35Uttar PradeshAkbarpurTier 36KarnatakaGulbargaTier 3New Stores additions during Q3 FY19

JEYPORE, ORISSA

Davanagere, Karnataka

Panaji, Goa

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New Stores additions during Q3 FY19

KOTA, RAJASTHAN

Firozabad, UP

Dumka, Jharkhand

Akbarpur, UP

BELGAUM, KARNATAKA

Gulbarga, Karnataka

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Promotions – Campaigns Q3 FY19

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Sr. NoCampaignLaunch1Dashera OfferOct 182Durga Pooja OfferOct 183Jeans MelaOct 184Special Diwali OfferNov 185Special Pratima Asthami Offer (Odisha)Nov 186Loot Sako to Loot LoDec 187Winter Dhamaka SaleDec 188Christmas DhamakaDec 18Promotions – Campaigns Q3 FY19

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Promotions – Campaigns Q3 FY19

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Thank You

For further information please contact:

Investor Relation Advisors:

Company:

Dr. Rahul Porwal Marathon Capital Advisory Private Limited Tel : +91-22-40030610 Email : v2r.ir@marathoncapital.in

Mr. Vipin Kaushik (CFO) V2 Retail Limited Tel : +91-11-41771850 Email : vipin.kaushik@v2retail.net.in

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