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Investor Relations14 Oct 2025
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Vedant Fashions Limited (MANYAVAR) investor relations material
Vedant Fashions Limited Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 25/26 earnings summary31 Jul, 2025
Executive summary
Achieved 23.2% year-over-year growth in customer/retail sales for Q1 FY26, driven by a rebound in the wedding season and strong marketing initiatives.
Same-store sales growth (SSG) reached 17.6% year-over-year in Q1 FY26.
Maintained industry-leading gross margin of 66.9% in Q1 FY26.
PAT grew by 12.4% year-over-year in Q1 FY26.
Focused on enhancing customer experience, omnichannel integration, and strategic store expansion and consolidation.
Financial highlights
Revenue from operations for Q1 FY26 was INR 2,812 mn, up from INR 2,398 mn in Q1 FY25.
EBITDA for Q1 FY26: INR 1,214 mn, EBITDA margin at 43.2%.
PAT for Q1 FY26: INR 703 mn, PAT margin at 25.0%.
EPS for the quarter stood at INR 2.89, compared to INR 2.57 in Q1 FY25.
Receivable days improved to 71 days in TTM June 25 from 77 days in FY25.
Outlook and guidance
Focus remains on driving SSG and improving retail quality rather than aggressive net store expansion.
Gross store additions expected to be 8–10% of last year’s base, with net expansion moderated by closures and consolidation.
Plans for further retail expansion within and outside India, with emphasis on disciplined acquisitions and brand growth.
No specific revenue or margin guidance provided, but management targets healthy SSG and improved throughput.
Cautious optimism on sustained growth in AP/Telangana, with further quarters needed to confirm trend.
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Next Vedant Fashions Limited earnings date
Q2 25/2629 Oct, 2025
Next Vedant Fashions Limited earnings date
Q2 25/2629 Oct, 2025
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Frequently asked questions
Vedant Fashions Limited, widely recognized by its brand name Manyavar, is a leading name in the Indian celebration wear market, particularly known for its men's Indian wedding and celebration wear. The company was founded in 2002 and has since established a significant presence across India with its flagship brand Manyavar leading the way. Manyavar specializes in a wide range of men's ethnic and celebration wear, including Indo-western outfits, sherwanis, kurtas, and accessories like juttis and safa. In addition to Manyavar, Vedant Fashions has expanded its brand portfolio to include Mohey, which focuses on women's ethnic and celebration wear, Mebaz, a heritage brand offering a one-stop shop for family celebration wear, and Twamev, which bridges the gap between ethnic wear and couture with luxurious occasion wear for both men and women. The company is headquartered in Kolkata, West Bengal, and its shares are listed on the BSE and NSE.
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