Vedant Fashions Limited Earnings Summary — Q1 FY2027
Vedant Fashions Reports 14.7% YoY Net Profit Growth Amid Strategic Leadership Extensions
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 11.7% sequentially in Q2 FY2025.
- Revenue of ₹268 Cr is 22.7% higher year-on-year.
- Revenue has compounded at -8.2% annualised over the last 10 quarters.
- Net profit of ₹67 Cr is 37.3% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at -16.7% annualised across the period.
- Operating margin stands at 45.5% in Q2 FY2025.
- Operating margin expanded by 302 bps year-on-year.
- Over the last two years operating margin has contracted by 122 bps.
- PBT margin is 33.7%.
- Expense growth of 16.3% remained below revenue growth of 22.7%.
- Operating profit of ₹122 Cr is 31.4% higher year-on-year.
- Operating leverage continues to improve.
- 3 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 64/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q2 FY2025 | Q1 FY2025 | Q4 FY2024 | Q3 FY2024 | Q2 FY2024 | Q1 FY2024 | Q4 FY2023 | Q3 FY2023 | Q2 FY2023 | Q1 FY2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Volatile | 268 | 240 | 363 | 474 | 218 | 312 | 342 | 441 | 247 | 325 |
| Expenses | Improving | 146 | 127 | 188 | 232 | 125 | 163 | 174 | 217 | 131 | 162 |
| Operating Profit | Volatile | 122 | 113 | 175 | 242 | 93 | 148 | 168 | 224 | 115 | 163 |
| Operating Margin | Stable | 45.5% | 47.0% | 48.2% | 51.0% | 42.5% | 47.5% | 49.1% | 50.9% | 46.8% | 50.2% |
| Other Income | Strong Uptrend | 19 | 21 | 24 | 15 | 15 | 15 | 13 | 10 | 10 | 7 |
| Interest | Improving | 14 | 14 | 13 | 11 | 11 | 9 | 8 | 7 | 8 | 8 |
| Depreciation | Improving | 37 | 37 | 38 | 34 | 32 | 30 | 27 | 25 | 25 | 26 |
| Profit Before Tax | Volatile | 90 | 83 | 148 | 212 | 65 | 124 | 145 | 202 | 93 | 136 |
| Tax | Volatile | 23 | 21 | 32 | 54 | 16 | 32 | 37 | 52 | 24 | 35 |
| Net Profit | Volatile | 67 | 62 | 116 | 158 | 49 | 92 | 109 | 150 | 69 | 101 |
| Net Margin | Stable | 25.0% | 26.1% | 31.9% | 33.2% | 22.3% | 29.5% | 31.9% | 34.1% | 27.9% | 31.0% |
Key Takeaways
- Net Profit reached ₹806.11 million in Q1 FY27, a significant 14.7% increase compared to the same quarter last year.
- Revenue from operations grew 7.2% YoY to ₹3,013.65 million, reflecting steady demand in the branded wedding wear segment.
- The Board approved the 5-year re-appointment of Founder Ravi Modi as Chairman and Managing Director, ensuring leadership continuity until 2031.
- Operating performance remains concentrated in a single reportable segment: Branded Fashion apparel and accessories.
- Total expenses rose to ₹2,255.28 million, driven by higher purchases of stock-in-trade and depreciation related to retail footprint expansion.
- Inventory adjustments showed a lower drag compared to the previous year, with changes in inventories of finished goods at ₹73.63 million versus ₹142.94 million YoY.
Management Guidance
Management focus remains on maintaining the premium positioning of the 'Manyavar' flagship brand while navigating the seasonality of the Indian wedding calendar. The company continues to leverage its asset-light franchise model to drive high-margin growth.
Sentiment Shift
Improving
The year-on-year growth in both revenue and profit marks a recovery from the relative stagnation noted in the previous fiscal year, despite typical quarterly volatility.
Outlook
The company is positioned to capitalize on the upcoming festive and wedding seasons. Re-appointment of key leadership suggests a commitment to the long-term strategic roadmap of retail expansion and digital transformation.
From the Annual Report (Key Quotes)
“Ravi Modi has been the cornerstone of the consistent growth and continued success of the Company.”
“Under his dynamic leadership, the Company has strengthened its position in the Indian celebration and wedding wear segment.”
“The figures for the three months ended March 31, 2026 are the balancing figures between audited figures in respect of full financial year.”
Official Quarterly Documents
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This summary is AI-generated from Vedant Fashions Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.