| Quarterly Financials | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 |
Revenue  | 315 | 201 | 179 | 209 | 396 | 307 | 332 | 257 | 451 | 355 | 327 | 233 | 490 | 387 | 261 | 287 |
| Expenses | 148 | 106 | 91 | 109 | 193 | 152 | 162 | 132 | 217 | 174 | 164 | 126 | 232 | 188 | 127 | 146 |
| EBITDA | 168 | 95 | 88 | 100 | 203 | 155 | 170 | 125 | 235 | 181 | 163 | 108 | 258 | 199 | 134 | 141 |
| Operating Profit % | 51 % | 45 % | 43 % | 46 % | 50 % | 49 % | 50 % | 47 % | 51 % | 49 % | 48 % | 43 % | 51 % | 48 % | 47 % | 46 % |
| Depreciation | 24 | 23 | 21 | 22 | 24 | 27 | 26 | 25 | 25 | 27 | 30 | 33 | 34 | 38 | 37 | 37 |
| Interest | 6 | 6 | 6 | 7 | 8 | 9 | 8 | 8 | 8 | 8 | 9 | 11 | 11 | 13 | 14 | 14 |
| Profit Before Tax | 138 | 66 | 61 | 71 | 171 | 120 | 136 | 93 | 202 | 145 | 124 | 65 | 212 | 148 | 83 | 90 |
| Tax | 35 | 18 | 16 | 18 | 43 | 31 | 35 | 24 | 52 | 37 | 32 | 16 | 54 | 32 | 21 | 23 |
| Net Profit | 103 | 48 | 45 | 53 | 128 | 89 | 101 | 69 | 150 | 109 | 92 | 49 | 158 | 116 | 63 | 67 |
| EPS in ₹ | 8.30 | 3.84 | 1.82 | 2.17 | 5.23 | 3.63 | 4.16 | 2.84 | 6.19 | 4.49 | 3.79 | 2.01 | 6.50 | 4.77 | 2.57 | 2.75 |
Vedant Fashions
Vedant Fashions
629.15
-10.35
(-1.62%)
Key Fundamentals
Market Cap
15,285.65 Cr
EPS
17.06
PE Ratio
38.59
Dividend Yield
1.25 %
Industry
Retail 52 Week High
1,512.00
52 Week Low
633.00
PB Ratio
10.18
Debt to Equity
0.25
Sector
Speciality Retail Analyst Rating and Forecast
- By Refinitiv from10 analysts
Actual
Company News
View All News
Vedant Fashions achieved 4.6% growth in customer sales to INR 3,494 million for Q2 FY26, with reported revenue from operations at approximately INR 263 crores and profit after tax at around INR 56 crores. The quarter saw significant operational disruption following GST rate rationalization effective September 22, 2025, requiring comprehensive system realignments and barcode updates across over 1 million pieces, impacting dispatches for 15-20 days. For H1 FY26, the company reported revenue growth of 7.2% to around INR 544 crores, with customer sales growing 13.8% to INR 7,551 million and same-store growth of 8.2%. The company maintained industry-leading gross margins of around 66.1% and healthy EBITDA margins of around 43% during H1. Store footprint stands at 1.79 million square feet across 671 stores in 257 cities globally, with modest net addition of 3,500 square feet during the quarter. Management noted improved performance in AP and Telangana markets with north of 20% growth, while continuing strategic focus on enhancing customer experience and disciplined store expansion.
Vedant Fashions Limited reported revenue from operations growth of 7.2% in H1 FY26 compared to H1 FY25. The company's retail sales (sales to customers) grew by 13.8% in H1 FY26 and 4.6% in Q2 FY26. Same-store sales growth (SSSG) was 8.2% in H1 FY26, though Q2 FY26 recorded negative SSSG of 2.0%. The company maintained industry-leading gross margins of 65.2% in Q2 FY26 and 66.1% in H1 FY26. Vedant Fashions operates through multiple brands including Manyavar, Mohey, Twamev, and others, with a retail footprint of 1.79 million sq. ft. across 671 EBOs in 257 cities globally. The company launched new wedding campaigns and collections across its brand portfolio during the period.
Vedant Fashions Targets 12-15% Revenue Growth Through FY27 With Store Expansion and E-Commerce Focus10 days ago
Vedant Fashions has outlined its growth strategy targeting 12-15% revenue CAGR through FY27. The company plans to expand across tier-II and tier-III cities by adding 150+ new stores annually. The strategy includes scaling e-commerce operations to 15% of total sales and enhancing margins through premiumization and franchise efficiency improvements.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
4,283.70 | #1 1,52,280.16 | 104.85 | #1 17,353.20 | 37.02 | #1 1,534 | 11.43 | 36.60 | |
629.15 | #2 15,285.65 | #2 38.59 | #7 1,437.20 | #10 3.01 | #2 414 | #5 37.37 | 30.83 | |
80.06 | 9,769.46 | #1 -16.37 | 7,550.40 | 14.76 | -624 | -68.63 | 42.12 | |
2,240.10 | 7,748.36 | 101.45 | 1,891.50 | 61.36 | 72 | 51.53 | 49.54 | |
553.75 | 7,124.72 | 65.71 | 2,267.60 | 29.59 | 106 | 4.10 | 48.67 | |
502.00 | 6,887.90 | 124.78 | 4,654.50 | 8.42 | 34 | 25.11 | 47.73 | |
598.50 | 3,232.44 | 38.77 | 190.70 | 59.45 | 18 | 5.83 | 29.37 | |
2,996.00 | 3,174.50 | 1,933.02 | 2.80 | #1 154.55 | 1 | 100.00 | 50.58 | |
169.42 | 2,598.33 | 67.87 | 1,486.10 | 6.38 | 85 | 68.49 | 44.41 | |
328.70 | 2,452.67 | 144.26 | 1,352.70 | 37.64 | 15 | #1 625.00 | 49.99 |
Growth Rate
Revenue Growth
3.01 %
Net Income Growth
-3.47 %
Cash Flow Change
2.82 %
ROE
-15.63 %
ROCE
-19.11 %
EBITDA Margin (Avg.)
-0.65 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Total Assets | 939 | 0 | 1,592 | 1,626 | 1,770 | 2,166 | 2,509 |
| Fixed Assets | 316 | 0 | 507 | 459 | 515 | 520 | 663 |
| Current Assets | 583 | 0 | 932 | 975 | 1,033 | 1,338 | 1,392 |
| Capital Work in Progress | 1 | 0 | 0 | 0 | 0 | 2 | 0 |
| Investments | 138 | 0 | 401 | 536 | 512 | 787 | 959 |
| Other Assets | 483 | 0 | 684 | 631 | 743 | 856 | 886 |
| Total Liabilities | 939 | 0 | 1,592 | 1,626 | 1,770 | 2,166 | 2,509 |
| Current Liabilities | 148 | 0 | 232 | 260 | 343 | 397 | 373 |
| Non Current Liabilities | 86 | 0 | 294 | 275 | 344 | 370 | 534 |
| Total Equity | 705 | 0 | 1,066 | 1,091 | 1,083 | 1,400 | 1,602 |
| Reserve & Surplus | 682 | 0 | 1,041 | 1,067 | 1,059 | 1,376 | 1,578 |
| Share Capital | 23 | 0 | 25 | 25 | 24 | 24 | 24 |
Cash Flow
| Cash Flow | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Net Cash Flow | -4 | 1 | 7 | -2 | -3 | 6 | 12 |
| Investing Activities | -279 | -163 | -96 | -88 | 57 | -232 | -110 |
| Operating Activities | 52 | 177 | 243 | 253 | 351 | 470 | 483 |
| Financing Activities | 224 | -13 | -141 | -167 | -411 | -232 | -362 |
Share Holding
| % Holding | Sept 2021 | Feb 2022 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 92.50 % | 84.91 % | 84.91 % | 84.91 % | 84.91 % | 84.89 % | 84.88 % | 75.00 % | 74.99 % | 74.98 % | 74.97 % | 74.97 % | 74.96 % | 74.96 % | 74.95 % | 74.95 % | 74.95 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 6.67 % | 0.00 % | 8.13 % | 9.04 % | 9.53 % | 10.55 % | 10.14 % | 9.89 % | 9.76 % |
| DIIs | 0.00 % | 4.87 % | 8.36 % | 8.82 % | 9.30 % | 9.71 % | 9.88 % | 15.57 % | 14.89 % | 12.91 % | 12.64 % | 11.89 % | 11.57 % | 10.37 % | 10.59 % | 11.10 % | 10.95 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 0.00 % | 1.94 % | 1.27 % | 1.41 % | 1.58 % | 1.58 % | 1.43 % | 2.18 % | 2.40 % | 2.44 % | 3.06 % | 2.96 % | 2.82 % | 2.97 % | 3.09 % | 3.00 % | 3.33 % |
| Others | 7.50 % | 8.28 % | 5.47 % | 4.86 % | 4.21 % | 3.82 % | 3.81 % | 7.25 % | 1.04 % | 9.67 % | 1.19 % | 1.14 % | 1.12 % | 1.16 % | 1.23 % | 1.06 % | 1.02 % |
| No of Share Holders | 0 | 7 | 93,696 | 61,220 | 51,892 | 57,587 | 63,439 | 68,261 | 74,737 | 74,379 | 92,083 | 83,644 | 75,719 | 71,971 | 73,545 | 75,621 | 80,698 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5 | 9 | 8.5 | 8 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.45 | 0.97 | 1.1 | 1.25 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 02 Sept 2022 |  Dividend | ₹ 5.00 /share | 30 Aug 2022 | 999.95 | 1,282.35 |
| 17 Aug 2023 | Dividend | ₹ 9.00 /share | 17 Aug 2023 | 1,256.20 | 1,258.90 |
| 23 Aug 2024 | Dividend | ₹ 8.50 /share | 23 Aug 2024 | 949.60 | 1,169.75 |
| 30 Aug 2024 |  Annual General Meeting | NA | 30 Aug 2024 | 1,082.30 | 1,236.35 |
| 29 Oct 2024 |  Quarterly Result Announcement | NA | 29 Oct 2024 | 1,315.90 | 1,250.85 |
| 30 Jan 2025 | Quarterly Result Announcement | NA | 30 Jan 2025 | 1,145.80 | 1,108.95 |
| 06 May 2025 | Quarterly Result Announcement | NA | 06 May 2025 | 791.40 | 790.15 |
| 30 Jul 2025 | Quarterly Result Announcement | NA | 30 Jul 2025 | 795.35 | 755.30 |
| 28 Aug 2025 | Dividend | ₹ 8.00 /share | 28 Aug 2025 | 790.15 | 757.75 |
| 04 Sept 2025 | Annual General Meeting | NA | 04 Sept 2025 | 755.30 | 741.40 |
| 30 Oct 2025 | Quarterly Result Announcement | NA | 30 Oct 2025 | 694.35 | 685.55 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Investor Presentation10 days ago
10 days agoResults For The Half Year & Quarter Ended 30Th September 2025Oct 30, 2025
Oct 30, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On October 30 2025Oct 30, 2025
Oct 30, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSOct 27, 2025
Oct 27, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 24, 2025
Oct 24, 2025Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results Along With Limited Review Reports Of The Auditor Thereon For The Quarter And Half-Year Ended September 30 2025.Oct 23, 2025
Oct 23, 2025Intimation Under Regulation 30 Regarding Receipt Of An Order-In-Original Dated October 15 2025 Under The CGST Act 2017.Oct 16, 2025
Oct 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Oct 08, 2025Intimation Under Regulation 30 Regarding Compounding Under The Legal Metrology Act 2009Sep 26, 2025
Sep 26, 2025Closure of Trading WindowSep 24, 2025
Sep 24, 2025Intimation Under Regulation 30 Regarding Compounding Under The Legal Metrology Act 2009Sep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 05, 2025
Sep 05, 2025Intimation Under Regulation 30 Regarding Compounding Under The Legal Metrology Act 2009Sep 05, 2025
Sep 05, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 05, 2025
Sep 05, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 01, 2025
Sep 01, 2025Intimation Under Regulation 30 Regarding Compounding Under The Legal Metrology Act 2009Aug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 25, 2025
Aug 25, 2025Intimation Under Regulation 30 For Email Sent To Shareholders For Deduction Of TDS On DividendAug 22, 2025
Aug 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 13, 2025
Aug 13, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 12, 2025
Aug 12, 2025Reg. 34 (1) Annual Report.Aug 12, 2025
Aug 12, 2025Notice Of The Twenty-Third Annual General Meeting Of The Company And The Annual Report For The FY 2024-25.Aug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 31, 2025
Jul 31, 2025Intimation Of Cut-Off Date For The Purpose Of E-VotingJul 30, 2025
Jul 30, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJul 30, 2025
Jul 30, 2025Convening Of 23Rd Annual General Meeting (AGM)
On Thursday September 04 2025Jul 30, 2025
Jul 30, 2025Record Date For The Purpose Of Payment Of DividendJul 30, 2025
Jul 30, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 30, 2025
Jul 30, 2025Results - Financial Results For The Quarter Ended 30Th June 2025Jul 30, 2025
Jul 30, 2025Board Meeting Outcome for Outcome Of Board Meeting - Financial Results For The Quarter Ended 30Th June 2025Jul 30, 2025
Jul 30, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 28, 2025
Jul 28, 2025Intimation Under Regulation 30 Regarding Receipt Of Compounding Order Under The Legal Metrology Act 2009Jul 24, 2025
Jul 24, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 24, 2025
Jul 24, 2025Board Meeting Intimation for Board Meeting Intimation For Consideration And Approval Of The Unaudited Financial Results Of The Company For The Quarter Ended June 30 2025.Jul 23, 2025
Jul 23, 2025Intimation Under Regulation 30 Regarding Compounding Under The Legal Metrology Act 2009Jul 17, 2025
Jul 17, 2025Announcement under Regulation 30 (LODR)-Credit RatingJul 15, 2025
Jul 15, 2025Mutual Fund Holdings
SBI Equity Hybrid Fund Direct Plan-Growth 
Nippon India Small Cap Fund Direct- Growth 
Franklin India Small Cap Fund Direct-Growth 
ICICI Prudential Bharat Consumption Fund Direct - Growth 
Canara Robeco Small Cap Fund Direct - Growth 
Aditya Birla Sun Life Flexi Cap Fund Direct-Growth 
UTI Dividend Yield Fund Direct-Growth 
Edelweiss Small Cap Fund Direct - Growth 
Tata Business Cycle Fund Direct - Growth 
Bandhan Small Cap Fund Direct-Growth 
360 ONE Flexicap Fund Direct - Growth 
Kotak Consumption Fund Direct - Growth 
HSBC Consumption Fund Direct - Growth 
LIC MF Large Cap Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 30.83
ATR(14)
Less Volatile 16.40
STOCH(9,6)
Oversold 10.70
STOCH RSI(14)
Oversold 5.98
MACD(12,26)
Bearish -3.06
ADX(14)
Weak Trend 21.20
UO(9)
Bearish 38.35
ROC(12)
Downtrend And Accelerating -6.53
WillR(14)
Oversold -90.08
About Vedant Fashions
Vedant Fashions Ltd, incorporated in 2002, is India's largest manufacturer of Indian wedding and ethnic wear. The company markets its products under brands including Manyavar, Mohey, Mebaz, Twamev, and Manthan. It offers a wide range of products for men, women, and children, including sherwanis, indo-western outfits, kurtas, lehengas, sarees, and accessories. As of March 2023, the company operates 649 Exclusive Brand Outlets (EBOs) globally, covering 1.47 million square feet across 257 cities and towns. Vedant Fashions has a presence in India and international markets including the United States, Canada, UAE, and the UK.
Listing Date
16 Feb, 2022(3 Years,
-6 days)
Chairperson NameRAVI MODI
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