Vedant Fashions Limited has informed the Exchange about Investor Presentation
MANYAVAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vedant Fashions (Manyavar) filed its investor presentation alongside Q3 and 9M FY26 results. Q3 FY26 revenue fell 3.8% year-on-year to Rs 491.7 crore, while profit after tax dropped 14.6% to Rs 134.9 crore. For 9M FY26, revenue grew a modest 1.7% to Rs 1,036.1 crore, but profit declined 9.1% to Rs 261.2 crore. Margins compressed across the board, with EBITDA margin falling to 43.8% (from 47.0%) and PAT margin dropping to 25.2% (from 28.2%) in 9M FY26. The company attributed the weak Q3 to fewer wedding dates in December, no wedding dates in January, and muted consumer sentiment, though October and November saw positive growth. Retail network stands at 664 exclusive brand outlets across 253 cities, including 16 international stores, with same-store sales growth of -4.5% in Q3 but +1.8% for 9M FY26.
Sharp profit decline and margin compression in Q3 may weigh on the stock in the near term, as the core wedding wear business showed unexpected weakness. However, the franchise remains cash-rich and asset-light with a strong store network and ongoing expansion of premium brands like Twamev and Mohey, which could support longer-term investor confidence.