Vedant Fashions Co CFO Rahul Murarka resigns effective November 14
Vedant Fashions Co CFO Rahul Murarka has resigned from his position. The resignation is effective November 14. Murarka cited pursuit of other opportunities as the reason for his departure.
Vedant Fashions Anticipates Strong Wedding Season from November to March; Launches AI-Powered VFL Brahma System
Vedant Fashions expects the November to March wedding season to be strong, while September and October may face challenges due to a delayed Navratri. The company has also launched VFL Brahma, an AI system aimed at enhancing data connectivity and improving operational efficiency. These developments reflect the company's focus on both near-term seasonal demand management and long-term technology investment.
Vedant Fashions released its Q4 FY2024 results, showing a 12.6% decline in net profit to ₹101.00 crore, while revenue remained flat at ₹367.40 crore. EBITDA fell 5.3% to ₹165.33 crore, with the EBITDA margin contracting to 45.00%. The company proposed a final dividend of ₹8.00 per share. Following the results, the stock fell over 5%, reflecting investor concerns about declining profitability.
29Apr 25
Vedant Fashions to Unveil Q4 and FY2025 Results on May 6
Vedant Fashions Limited, owner of the Manyavar brand, will conduct a board meeting on May 6, 2025, to approve Q4 and FY2025 financial results. The agenda includes reviewing audited financial statements, considering a final dividend, and examining auditor's reports. This meeting is crucial for investors seeking insights into the company's annual performance.