Vedant Fashions Limited, the company behind the Manyavar brand, announced its audited financial results for the quarter and financial year ended March 31, 2026, following a Board of Directors meeting held on May 08, 2026. The statutory auditors, M/s B S R & Co. LLP, Chartered Accountants (FRN: 101248W/W-100022), issued an unmodified opinion on the financial results, which were reviewed by the Audit Committee and approved by the Board at their respective meetings on the same date. In compliance with Regulation 47 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements of its audited financial results on May 9, 2026 in the following publications:

Annual Financial Performance

For the financial year ended March 31, 2026, Vedant Fashions reported revenue from operations of INR 14,354.79 million, compared to INR 13,864.83 million in the previous financial year. Total income, including other income of INR 935.18 million, stood at INR 15,289.97 million for FY26, against INR 14,716.40 million in FY25. The following table summarises the key income statement metrics for the full year:

Earnings per equity share (face value of INR 1 each) on a basic basis stood at INR 15.46 for FY26, compared to INR 15.99 in FY25. Diluted EPS was INR 15.45 for FY26 versus INR 15.98 in FY25.

Quarterly Performance — Q4 FY26

For the three months ended March 31, 2026, revenue from operations was INR 3,994.27 million, compared to INR 3,674.36 million in the corresponding quarter of the previous year and INR 4,917.09 million in the quarter ended December 31, 2025. Net profit for Q4 FY26 stood at INR 1,143.03 million, against INR 1,011.05 million in Q4 FY25. The table below presents the key quarterly metrics:

Note: EPS figures are not annualised for the quarterly periods.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at INR 28,527.17 million, compared to INR 27,465.75 million as at March 31, 2025. Total equity increased to INR 19,643.36 million from INR 17,863.10 million in the prior year. Key balance sheet figures are presented below:

Cash Flow Summary

For the year ended March 31, 2026, net cash generated from operating activities was INR 4,814.44 million, compared to INR 3,886.01 million in the previous year. Net cash used in investing activities was INR 1,020.05 million, while net cash used in financing activities amounted to INR 3,855.87 million. Cash and cash equivalents at the end of the year stood at INR 110.63 million, against INR 172.11 million at the beginning of the year. The following table summarises the cash flow position:

Dividend Recommendation and Other Key Disclosures

The Board of Directors recommended a final dividend of ₹7.75 per fully paid-up equity share of ₹1 each for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting. During the year ended March 31, 2026, 29,094 equity shares were issued to employees against stock options exercised by them. The company operates in a single reportable segment — Branded Fashion apparel and accessories — and does not have any investments in subsidiary, associate, or joint venture entities for the year ended March 31, 2026, making consolidated financial results not applicable. Additionally, the company recognised an incremental impact of Rs. 16.17 millions under employee benefits expense for the three months ended December 31, 2025, pertaining to the four Labour Codes notified by the Government of India on November 21, 2025.

Analyst Conference Call Audio Recording

Pursuant to Regulation 30 and Regulation 46 read with Part A of Schedule III of the SEBI Listing Regulations, Vedant Fashions informed the stock exchanges that the audio recording of the Conference Call with Analysts and Investors, held on Monday, May 11, 2026, in connection with the financial results for the quarter and financial year ended March 31, 2026, has been made available on the company's website. The recording can be accessed at the company's investor relations page. The disclosure was signed by Navin Pareek, Company Secretary and Compliance Officer (ICSI Memb. No.: F10672).

Vedant Fashions Limited's Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026. The statutory auditors, M/s B S R & Co. LLP, issued an audit report with an unmodified opinion. Additionally, the board recommended a final dividend of ₹7.75 per fully paid-up equity share of ₹1 each for FY26, subject to shareholder approval. The company has also released its investor presentation for May 2026, detailing operational highlights and strategic initiatives.

FY26 Financial Performance

Vedant Fashions reported revenue from operations of ₹14,355 million for the full year ended March 31, 2026, compared to ₹13,865 million in the previous year. Total income, including other income of ₹935 million, stood at ₹15,290 million. The company's net profit for FY26 came in at ₹3,755 million against ₹3,885 million in FY25. The following table summarises the key financial metrics:

Q4FY26 Quarterly Snapshot

For the quarter ended March 31, 2026, the company reported revenue from operations of ₹3,994 million, compared to ₹3,674 million in the same quarter of the previous year. Quarterly net profit stood at ₹1,143 million versus ₹1,011 million in Q4FY25. On the operational front, Q4FY26 EBITDA came in at 1.79B rupees compared to 1.66B rupees in Q4FY25, while EBITDA margin expanded to 45.6% from 45.1% in the year-ago period. The table below presents the quarterly performance comparison:

Operational Highlights and Expansion

The company reported a retail footprint of 1.79 million sq. ft. as of FY26, comprising 669 Exclusive Brand Outlets (EBOs) across 252 cities and towns globally, including 17 international EBOs. During Q4 FY26, the company added a net of 5 EBOs and expanded its EBO area by 4.2k sq. ft. Vedant Fashions recorded Same Store Sales Growth (SSSG) of +4.6% in Q4 FY26 over Q4 FY25 and +2.7% in FY26 over FY25. The company operates through a diversified brand portfolio including Manyavar, Mohey, Twamev, Diwas, and Mebaz, catering to various segments of the Indian wedding and celebration wear market.

Balance Sheet and Cash Flow

As at March 31, 2026, Vedant Fashions reported total assets of ₹28,527 million, up from ₹27,466 million as at March 31, 2025. Total equity stood at ₹19,643 million. For the year ended March 31, 2026, the company generated net cash from operating activities of ₹4,814 million. Net cash used in investing activities was ₹(1,020) million, while net cash used in financing activities amounted to ₹(3,856) million. Cash and cash equivalents at the end of the year stood at ₹111 million.

Corporate Notes

The board has recommended a final dividend of ₹7.75 per equity share for FY26, subject to shareholder approval at the ensuing AGM. The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company operates in a single reportable segment — Branded Fashion Apparel and Accessories. The investor presentation is available on the company's website.

Source: Company/INE825V01034/f86d7d37-d863-4230-819a-f8194e64336a.pdf