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Earnings Call

Vedant Fashions Earnings Call: Key Takeaways

Vedant Fashions hit a milestone with retail sales crossing ₹2,000 crores in FY26, though growth remains modest at 6.1%. Management is prioritizing store quality and SSG over aggressive footprint expansion.

Why this was an Alfa AlertNot a filter event. Results are in line with historical trends; no material beat above 5% of own guidance reported.
Highlights
Revenue growthFY26 revenue grew 3.5%; retail sales hit ₹2,008cr milestone.
MarginsMaintained industry-leading gross margins at 65.7% and EBITDA at 44.3%.
Demand visibilityPositive outlook for wedding dates in June and October.
Management confidenceBalanced; cautious on expansion but optimistic on AI and store quality.

Growth

Retail sales grew 7.8% in Q4; FY26 PAT rose 13% YoY. SSG remains low at 2.7% for the full year.

Outlook

Plans to scale Twamev brand and pilot Manyavar kurta-exclusive stores in high-traffic neighborhoods.

Risks

Subdued SSG and high real estate rentals in 'New India' markets are slowing physical store expansion targets.

Source

Earnings Call filed with NSE, NSE: MANYAVAR. Summary written with AI assistance from the document.

Read the document ↗

Vedant Fashions Ltd: key numbers

Share price
₹496.45
Market cap
₹12,063 Cr
Revenue (annual)
₹1,435 Cr
Net profit (annual)
₹375.5 Cr
P/E (TTM)
31.2×Sector 66.2×
Promoter holding
74.94%+0.00% QoQ
FII holding
7.35%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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