| Revenue growth | FY26 revenue grew 3.5% to ₹1,436 Cr; Q4 up 8.7% YoY. |
|---|---|
| Margins | Industry-leading 65% gross margins; EBITDA stable at 44-45%. |
| Demand visibility | Positive consumer sentiment noted in March; June expected to be strong. |
| Management confidence | Balanced; optimistic on AI and efficiency but cautious on real estate. |
Growth
Retail sales grew 7.8% in Q4; full-year revenue up 3.5% with steady 44-45% EBITDA margins.
Outlook
Focusing on SSSG over new store counts; targeting 3-3.5% ASP growth per category annually.
Risks
High real estate rentals hinder store openings; GST rate changes continue impacting reported net revenue.
Last quarter's promises, checked
Delivered
- Retail sales crossed ₹2,000 Cr mark → delivered ₹2,008 Cr (= BEAT)
- Maintain industry-leading 65% gross margin → delivered 65.7% (= BEAT)
- Maintain 50% profit dividend payout → delivered 50% (= BEAT)
Partly delivered
- Twamev expansion → 8 EBOs active, 30 target delayed by 18-20 month build-to-suit lag (= PARTIAL)
Missed
- Net store area addition → delivered 4,200 sq. ft. net vs 1 lakh gross (= MISS)
Earnings Call Transcript filed with BSE, NSE: MANYAVAR. Summary written with AI assistance from the document.
Vedant Fashions Ltd: key numbers
- Share price
- ₹532.50
- Market cap
- ₹12,939 Cr
- Revenue (annual)
- ₹1,435 Cr
- Net profit (annual)
- ₹375.5 Cr
- P/E (TTM)
- 33.5×Sector 67.6×
- Promoter holding
- 74.94%+0.00% QoQ
- FII holding
- 7.95%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Vedant Fashions Ltd
All →Vedant Fashions Other Announcement
Vedant Fashions informed exchanges that CRISIL ESG Ratings independently assigned 'Crisil ESG 61' and 'Crisil Core ESG 70' ratings to the company voluntarily.
Vedant Fashions Legal & Regulatory
Vedant Fashions paid a compounding fee of ₹0.005 Crore to the Legal Metrology Department for a labelling violation. The company confirms no further financial impact.
- Value
- ₹0.01 Cr
Vedant Fashions Management Change
Vedant Fashions Ltd announced the resignation of its Chief Financial Officer, Mr. Rahul Murarka, effective November 14, 2026.
Vedant Fashions Legal & Regulatory
Vedant Fashions received a favourable GST Order-in-Appeal setting aside penalties of ₹2.73 Lakh. This order resolves an earlier tax demand dispute.
- Value
- ₹0.03 Cr
Vedant Fashions Annual General Meeting
Vedant Fashions will hold its 24th Annual General Meeting on September 28, 2026, to discuss financial statements, dividend declaration, and director appointments.
Vedant Fashions Management Change
Vedant Fashions has appointed Mr. Nihir Parikh and Ms. Neetu Kashiramka as Non-Executive Independent Directors. Mr. Tarun Puri's tenure as an Independent Director is completing.