Tariffs push exporters home: How India's V2 Retail is winning in the trade war

Core Insights - The company has experienced significant stock price growth, increasing by over 80% in the past year, indicating strong market performance and investor confidence [1] - The company reported a 90% same-store sales growth for its cohort of stores, outperforming competitors by 30-35% in sales per square foot (SPSF) [2] - The company’s quarterly revenue reached approximately 709 crore, while a major competitor, Reliance Retail, reported revenue of about 79,000 crore, highlighting the competitive landscape [3] Sales and Growth Strategy - The company has seen a substantial increase in per store revenue per month, rising from approximately 65 lakhs to over 1 crore in the last three years [1] - The fast fashion trend, particularly among Gen Z and millennials, has led to increased purchase frequency, benefiting the company's sales strategy [4] - The company aims to expand its store network in India, with a potential target of 2,000 to 2,500 stores, and is considering global expansion [5] Competitive Advantage - The company has established a strong competitive advantage by leveraging the changing landscape of value fashion, as evidenced by the success of brands like Shein and Fashion Nova [3][4] - The company is benefiting from a shift in orders from exporters who are losing business in Europe and America, allowing for increased capacity in its domestic operations [5] - Negotiations are ongoing with exporters to convert potential deals, with two already secured, indicating a proactive approach to expanding supply chain partnerships [6]