Vedant Fashions Ltd has informed the Exchange about the Transcript of the Conference Call organised and held on Wednesday, May 07, 2025.
MANYAVAR · price
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Vedant Fashions (Manyavar) reported FY25 revenue of around Rs. 1,387 crores, up just 1.4% YoY, with Q4 revenue at Rs. 367 crores, up 1.2%. Profit after tax for FY25 stood at Rs. 389 crores with a healthy PAT margin of 28% and EBITDA margin of 46.6%, which management called industry-leading. Growth was hurt by weak consumer sentiment, a very weak Q1 due to almost no wedding dates, and sharp slowdown in the AP-Telangana region. The company added 85,000 sq ft of retail space in FY25, taking total EBO footprint to 1.79 million sq ft across 678 stores in 256 cities. Management is now focusing on same-store sales growth, plans to add high-quality retail area in FY26, and is doubling down on its women-led Mohey brand which has grown to around 2.5 lakh sq ft.
Margins remained strong despite very weak top-line growth, showing resilience. However, the tepid 1.4% revenue growth and lack of clear acceleration catalysts may keep the stock under pressure until same-store sales recover, which management expects to begin from mid-Q2 FY26.