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V2 Retail Ltd, Vivo Bio Tech Ltd, JHS Svendgaard Laboratories Ltd and Thacker & Company Ltd are among the other losers in the BSE's 'B' group today, 05 October 2026.
N K Industries Ltd tumbled 14.99% to Rs 52.51 at 14:28 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 13 shares were traded on the counter so far as against the average daily volumes of 190 shares in the past one month.
V2 Retail Ltd lost 14.74% to Rs 172.05. The stock was the second biggest loser in 'B' group.On the BSE, 12.58 lakh shares were traded on the counter so far as against the average daily volumes of 67095 shares in the past one month.
Vivo Bio Tech Ltd crashed 10.83% to Rs 15.39. The stock was the third biggest loser in 'B' group.On the BSE, 55424 shares were traded on the counter so far as against the average daily volumes of 9178 shares in the past one month.
JHS Svendgaard Laboratories Ltd corrected 9.99% to Rs 10.63. The stock was the fourth biggest loser in 'B' group.On the BSE, 1.19 lakh shares were traded on the counter so far as against the average daily volumes of 86312 shares in the past one month.
Thacker & Company Ltd pared 9.81% to Rs 870. The stock was the fifth biggest loser in 'B' group.On the BSE, 1 shares were traded on the counter so far as against the average daily volumes of 12 shares in the past one month.
The agency has also upgraded VRL's short-term rating to ‘IND A1’ from ‘IND A2+’.
India Ratings and Research stated that the upgrade reflects VRL's healthy scale growth of over 60% YoY, driven by a sustained expansion of its store network, strong same-store sales growth, and efficient inventory management, which collectively supported a steady improvement in the EBITDA to over 4,544 million in FY26.
The upgrade also factors in VRL's established position in India's value retail segment, with its growing geographical diversification, particularly in tier-2 and smaller cities, providing a competitive advantage and supporting revenue growth and earnings visibility.
Furthermore, the company's asset-light expansion strategy has enabled it to expand its footprint with limited capital intensity while maintaining financial flexibility.
However, the ratings remain constrained by the company's moderate credit metrics and the intensely competitive nature of the retail industry.
In addition, an accelerated pace of store expansion could result in a slower-than-expected ramp-up of new stores, which may put pressure on VRL’s cash flows and credit metrics.
Therefore, the execution of the company's expansion strategy and the performance of newly added stores are key rating monitorables.
V2 Retail is a leading apparel retailer catering to the three major categories, i.e. women, men, and kids wear, with its 381 stores located primarily in India’s tier-2 and smaller cities spread across 4.07 million square feet as on 30 June 2026.
The scrip fell 1.13% to currently trade at Rs 218.55 on the BSE.
For the full year,net profit rose 124.99% to Rs 162.06 crore in the year ended March 2026 as against Rs 72.03 crore during the previous year ended March 2025. Sales rose 62.75% to Rs 3067.05 crore in the year ended March 2026 as against Rs 1884.50 crore during the previous year ended March 2025.
Store productivity also improved, with monthly sales per square foot rising to Rs 1,032 during the quarter, reflecting faster ramp-up of new stores. V2 Retail added 35 new stores in Q3, taking its total network to 294 stores with a retail footprint of about 31.93 lakh sq ft, largely concentrated in Tier 2 and Tier 3 cities.
Operational performance was supported by data-led assortment curation and high sell-through rates, enabling the company to maintain healthy margins with minimal markdowns. Improved inventory management led to faster churn and reduced aged stock, keeping store assortments aligned with seasonal demand.
For the nine months ended December 2025, standalone revenue from operations grew 63% to Rs 2,262 crore, while SSSG stood at around 8.6%. Monthly sales per square foot averaged Rs 981 during the period. The company added a net 105 stores in 9M FY26, underscoring its aggressive expansion strategy. Management said the strong performance of newer stores in markets such as Maharashtra, Punjab, Rajasthan and South India has reinforced confidence in scaling its value-and-variety retail model further.
V2 Retail is one of the fastest-growing retail company in India and enjoys strong brand equity from customers across segments. The company offers a portfolio of products, including apparel and lifestyle products.