Outcome of Board Meeting held on 8th May, 2026
MANYAVAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vedant Fashions Limited (Manyavar) reported audited financial results for FY2026 ended March 31, 2026. Revenue from operations grew to ₹14,355 million, up 3.5% from ₹13,865 million in FY2025. However, profit before tax declined to ₹4,959 million from ₹5,195 million (down 4.5%), and net profit fell to ₹3,755 million from ₹3,885 million (down 3.3%). Basic EPS for the year stood at ₹15.46 per share. The company's total equity grew to ₹19,643 million from ₹17,863 million. The Board recommended a final dividend of ₹7.75 per equity share of ₹1 face value, subject to shareholder approval at the AGM. Statutory auditors B S R & Co. LLP issued an unmodified opinion on the financial results.
The 3.5% revenue growth with declining profitability reflects margin pressure despite the company's market leadership in ethnic wear. The dividend yield of approximately 2% at current prices provides income support. The clean audit with unmodified opinion adds credibility to the reported numbers.