Vedant Fashions Limited has informed the Exchange regarding Outcome of Board Meeting held on July 30, 2025.
MANYAVAR · price
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Awaiting price reaction for this filing.
Vedant Fashions (Manyavar) reported its Q1 FY26 unaudited results, approved by the Board on July 30, 2025. Revenue from operations rose to ₹2,811.90 million, up roughly 17% from ₹2,398.22 million in Q1 FY25. Total income stood at ₹3,070.18 million versus ₹2,612.84 million a year earlier. Profit before tax grew to ₹925.06 million (from ₹830.62 million), and net profit came in at ₹702.57 million versus ₹624.89 million, an increase of about 12.4%. Basic EPS for the quarter was ₹2.89, compared with ₹2.57 in the same quarter last year. Sequentially, revenue and profit fell sharply from Q4 FY25 (₹3,674 million revenue, ₹1,011 million PAT), which is typical for the ethnic-wear business as Q4 is the peak wedding and festive season. The statutory auditors BSR & Co. LLP issued an unmodified limited review report. The filing also notes 5,415 shares were issued to employees under stock options during the quarter and references the completed amalgamation of wholly-owned subsidiary Manyavar Creations Private Limited, which has been accounted for retrospectively from April 1, 2024.
Solid double-digit YoY growth in revenue and profit signals healthy demand momentum heading into the festive and wedding season, which is the key earnings driver for this stock. The QoQ dip is seasonal and not a concern. Overall, the results are constructive for shareholders, though the stock reaction will depend on how these numbers compare with street expectations.