Vedant Fashions Limited has informed the Exchange that Board of Directors at its meeting held on May 08, 2026, recommended Final Dividend of Rs. 7.75 per equity share.
MANYAVAR · price
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Vedant Fashions Limited (Manyavar brand owner) reported audited FY2026 results with revenue from operations of Rs. 14,355 million, up 3.5% from Rs. 13,865 million in FY2025. However, net profit declined 3.3% to Rs. 3,755 million from Rs. 3,885 million. The Board recommended a final dividend of Rs. 7.75 per share (face value Rs. 1 each), subject to shareholder approval at the ensuing AGM. Based on cash flow statements, total dividends paid in FY2026 were Rs. 1,944 million versus Rs. 2,065 million in FY2025, indicating a reduction in per-share dividend from approximately Rs. 8.50 to Rs. 7.75. The company operates in a single segment: branded fashion apparel and accessories.
The dividend reduction despite stable revenues signals potential profit pressure or cash conservation strategy. Investors may view this cautiously as it suggests the company is retaining more cash, possibly for expansion or debt reduction. Shareholders should monitor if this signals a shift in payout policy.