V2 Retail Limited — Credit Ratings, 02-09-2026: Credit Rating

India Ratings & Research upgraded V2 Retail's bank loan facilities to 'IND A/Positive' from 'IND A-/Stable' and 'IND A1' from 'IND A2+'. This reflects robust operational performance, including 63% revenue growth to INR 3,067 Cr in FY26, improved EBITDA (over INR 454.4 Cr), and strategic store expansion. The Positive outlook anticipates sustained market share gains and profitability.