Vedant Fashions Limited has informed the Exchange about the Transcript of the Conference Call organised and held on Monday, May 11, 2026.
MANYAVAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vedant Fashions reported Q4 FY26 revenue of INR 399 crores (+8.7% YoY) with PAT of INR 114 crores (+13%). Full year FY26 revenue stood at INR 1,436 crores (+3.5%) with PAT of INR 376 crores. Retail sales crossed INR 2,000 crores milestone at INR 2,008 crores (+6.1%). Gross margins remained industry-leading at ~65-66% despite GST changes in September 2025 affecting the gap between retail and net sales. Management highlighted focus on improving same-store sales growth (SSG) through ASP upgradation, consumer retention from 90 lakh database, and AI investments for operational efficiency. Store expansion remains conservative with new stores showing 85% better revenue per sq ft versus closures. Competition has started consolidating with 2022 entrants closing stores. Management expects FY27 to normalize the GST impact on margins.
The company demonstrates resilient margins and cash conversion (~98%) but faces cautious growth outlook with focus on SSG improvement over aggressive store expansion. Margin pressures from input inflation (~50-150 bps) and GST changes are expected to be manageable.