• Event Type: Earnings Conference Call in connection with Q1 FY27 financial results
  • Event Date & Time: Monday, July 27, 2026 (time not specified)
  • Purpose: Discussion of financial results for quarter ended June 30, 2026
  • Management Participants: Mr. Vedant Modi (Chief Revenue Officer), Mr. Rahul Murarka (Chief Financial Officer)
  • Moderator: Mr. Harish Advani from Axis Capital
  • Availability: Transcript made available on company website at https://www.vedantfashions.com/investors-category/reports-results/earnings-call/
  • Compliance: Disclosure made pursuant to Regulation 30 and Regulation 46 of SEBI Listing Regulations

Financial Highlights Discussed

  • Retail Sales (Secondary): INR 4,195 million, growth of 3.4% YoY
  • Domestic Same-Store Sales Growth (SSG): 3.8% compared to Q1 FY26
  • Revenue from Operations: INR 301.4 crore (INR 3,014 million), growth of 7.2% over Q1 FY26
  • Gross Margin: 65.7% (industry-leading)
  • EBITDA Margin: 44.6%
  • EBITDA Growth: 10.8% compared to Q1 FY26
  • PAT Margin: 26.7%
  • Profit After Tax: INR 81 crore, growth of 14.7% compared to Q1 FY26
  • Cash Conversion Ratio (TTM): Approximately 101% (operating cash flow to PAT, excluding finance income)
  • Inventory Days (TTM): 34 days as of June 2026

Strategic and Operational Updates

  • Technology Initiative: Launch of VFL Brahma, a direct connector of company data to AI brain
  • Marketing Success: "Made for Each Other" campaign featuring Rashmika Mandanna and Vijay Deverakonda achieved over 1 billion views
  • Brand Initiatives: Twamev advanced "Truly You" proposition; Diwas executed targeted digital initiatives
  • Store Strategy: Continued rationalization with closures focused in Q1; strong pipeline for gross openings in H2 FY27
  • Vertical Focus: Separate leadership team for MBO plus SIS vertical with different growth alignment
  • International Markets: Facing challenges in UAE (due to war) and North America (due to tariffs)
  • Repeat Business: Separate task force established to drive repeat purchases from database of nearly 90 lakh customers

Additional Notes

  • The document includes the full transcript of the earnings conference call with detailed Q&A session
  • Multiple analysts from institutions including IIFL Capital, Ikigai Assets, Trinetra Asset Managers, ICICI Securities, SMIFS Limited, JM Financial, GreenEdge Wealth, Emkay Global, and Axis Capital participated
  • The company indicated that no unpublished price sensitive information (UPSI) was shared during the call