Kolkata, January 30, 2025
Vedant Fashions Limited (NSE: MANYAVAR, BSE: 543463), the leading player in branded ethnic wear, reported a 7.8% YoY revenue growth in Q3 FY25, reaching ₹5,112.80 million. However, profit before tax remained flat at ₹2,115.13 million, and net profit stood at ₹1,579.75 million, showing a marginal increase of 0.2% YoY.
Key Financial Highlights (Q3 FY25 vs. Q3 FY24)
| Metric | Q3 FY25 | Q3 FY24 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹5,112.80 Mn | ₹4,744.57 Mn | 7.8% |
| Other Income | ₹223.94 Mn | ₹154.67 Mn | 44.8% |
| Total Income | ₹5,336.74 Mn | ₹4,899.24 Mn | 8.9% |
| EBITDA (Est.) | ₹2,646.84 Mn | ₹2,119.07 Mn | 24.9% |
| Profit Before Tax (PBT) | ₹2,115.13 Mn | ₹2,119.07 Mn | (0.2%) |
| Net Profit | ₹1,579.75 Mn | ₹1,577.11 Mn | 0.2% |
| Basic EPS (₹) | 6.50 | 6.50 | - |
Nine-Month Performance (9M FY25 vs. 9M FY24)
| Metric | 9M FY25 | 9M FY24 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹10,190.47 Mn | ₹10,043.75 Mn | 1.5% |
| Total Income | ₹10,821.47 Mn | ₹10,499.38 Mn | 3.1% |
| Profit Before Tax (PBT) | ₹3,847.93 Mn | ₹4,004.91 Mn | (3.9%) |
| Net Profit | ₹2,873.67 Mn | ₹2,983.79 Mn | (3.7%) |
Segment-Wise Performance
The company operates in a single segment: Branded Fashion Apparel & Accessories, focusing on festive and wedding wear. Despite strong revenue performance, the cost of raw materials and increased operational expenses led to moderated profitability.
Corporate Announcements
- Revised Insider Trading Code: The Board has updated the Code of Conduct for Prevention of Insider Trading and the Code of Practices for Fair Disclosure to align with regulatory standards.
- Postal Ballot for Section 186 Limit Enhancement: The company seeks shareholder approval to increase investment limits under the Companies Act, 2013.
- Manyavar Creations Private Limited Amalgamation: The merger with its wholly owned subsidiary was approved by NCLT, with an effective date of April 1, 2024. Prior period financials were restated accordingly.
Management Commentary
Ravi Modi, Chairman & Managing Director, stated: "We continue to witness strong demand for premium ethnic wear, especially during the festive season. Our focus on product innovation and retail expansion has contributed to consistent revenue growth. With strategic initiatives in place, we remain confident about long-term profitability."Outlook
Vedant Fashions Limited aims to strengthen its market presence through brand diversification and retail expansion. While rising costs impacted margins, the company remains optimistic about future revenue growth, particularly in the wedding and festive wear segment.This earnings release reflects the company’s resilient growth despite cost pressures, positioning it firmly in India's premium ethnic fashion market.