New Delhi, July 7 -- V2 Retail Ltd is considering revising upward its target of opening 100 new outlets in 2025-26, after having already opened 26 stores in the first quarter alone.

"We are well on track, so I think we've already opened 26 stores this first quarter," said Akash Agarwal, chief executive of V2 Retail, which operated 189 stores across 20 states as of March 2025, in an interview with Mint.

"Looking at the performance, we might increase that guidance," he added, noting that a final decision is still under discussion.

The expansion marks V2 Retail's fastest growth phase since its inception in 2011. But despite the aggressive rollout, profitability remains central to the company's strategy, said Agarwal, who took over as CEO ...