Vedant Fashions Limited – Investor Presentation Summary
Key Operational Highlights
- Domestic EBO retail footprint of 1.67 million sq. ft. across India
- 497 Exclusive Brand Outlets (EBOs) across 202 cities and towns in India (excluding SIS Stores and International Stores)
- Multi-brand portfolio includes Manyavar (1999), Mohey (2015), Twamev (2019), Diwas (2024), and Mebaz (acquired 2017)
- Key drivers: Pan-India retail expansion, omni-channel presence, targeted marketing campaigns, and franchisee-led distribution model
Segment-wise Performance
Not Specified
Financial Highlights
Q2 FY27 (Unaudited)
- Revenue from Operations: ₹2,694 crore (vs ₹2,632 crore in Q2 FY26, +2.4% YoY)
- Profit Before Tax: ₹741 crore (vs ₹740 crore in Q2 FY26)
- Profit After Tax: ₹562 crore (vs ₹561 crore in Q2 FY26)
H1 FY27 (Unaudited)
- Revenue from Operations: ₹5,707 crore (vs ₹5,443 crore in H1 FY26, +4.8% YoY)
- Profit Before Tax: ₹1,797 crore (vs ₹1,666 crore in H1 FY26)
- Profit After Tax: ₹1,368 crore (vs ₹1,263 crore in H1 FY26, +8.3% YoY)
- Gross Margin: 65.3%
- Other Income: ₹530 crore (vs ₹457 crore in H1 FY26)
Full Year FY26 (Audited)
- Revenue from Operations: ₹14,355 crore
- Profit After Tax: ₹3,755 crore
Drivers of Financial Performance
- Maintained industry-leading gross margins
- Growth in revenue from operations
- Increase in other income
Geographical Revenue Split
Not Specified
Balance Sheet Snapshot (as at September 30, 2026)
- Total Assets: ₹29,523 crore (vs ₹28,527 crore as at March 31, 2026)
- Total Equity: ₹20,992 crore (vs ₹19,643 crore as at March 31, 2026)
- Inventories: ₹1,445 crore (vs ₹1,446 crore as at March 31, 2026)
- Trade Receivables: ₹7,226 crore (vs ₹6,512 crore as at March 31, 2026)
- Investments including Cash and Bank Balance: ₹3,904 crore (vs ₹5,370 crore as at March 31, 2026)
- Net Debt/Equity: Not Specified
Capex & Cash Flow Health
H1 FY27 Cash Flow (Unaudited)
- Net Cash from Operating Activities: ₹1,081 crore
- Net Cash used in Investing Activities: ₹(191) crore
- Net Cash used in Financing Activities: ₹(970) crore
- Capital Expenditure: ₹9 crore (acquisition of property, plant and equipment, capital work in progress & intangible assets)
- Free Cash Flow: Not Specified
Strategic & R&D Initiatives
- Retail expansion within and outside India
- Up-selling and cross-selling initiatives
- Enhancement of brand appeal through targeted marketing initiatives
- Development of emerging brands (Twamev, Diwas, Mebaz)
- Disciplined approach towards acquisitions
- Tech-driven unique supply chain & inventory management with Automated Replenishment System at pin code level
Industry Trends & Business Environment
- Multi-decade growth opportunity for Indian wedding and celebration wear category
- Shift from unorganized to organized market
- Q2 FY27 performance impacted by shift in festive calendar with Navratri moving from Q2 in FY26 to Q3 in FY27
Management Commentary & Growth Outlook
- Significant potential and space for growth of emerging brands
- Focus on becoming one-stop destination for celebratory occasions across price points
- Multi-brand strategy catering to men, women and kids across value to premium segments
- Asset light & franchisee-led EBO distribution model with high cash conversion ratio
Marketing Campaigns & Brand Initiatives
Twamev: "Truly You" campaign featuring Orry with self-marriage ceremony concept, generating viral buzz with creator content surpassing 10 million views
Manyavar: New fashionable collections including Quiet Luxury Collection, The After Hours Collection, and Wedding Ambassador Program
Mohey: "Made for Moments" campaign and influencer associations including Wedding Sutra
Diwas: Flipkart Fashion collaboration featuring Bua Bouncer
Mebaz: Redefining from wedding to celebrations & all-occasion wear with OOH campaigns and influencer content