1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Specialty Retail
Vedant Fashions Limited

Vedant Fashions Limited

MANYAVAR.NS
Vedant Fashions LimitedIN flagNational Stock Exchange of India
392.15
INR
-0.40
- -
95.28BMarket Cap
Vedant Fashions Limited
MANYAVAR.NS
(National Stock Exchange of India)

Recent

price

392.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
32.94
37.68
23.24
42.57
55.74
56.23
57.07
- -
58.73
Revenue per Share
7.27
9.75
5.48
12.9
17.68
17.06
15.99
- -
16.3
Basic EPS, GAAP
9.26
8.86
9.89
14.29
19.17
19.73
15.87
- -
- -
Free Cash Flow per Basic Share
- -
2.49
- -
- -
5
9
8.5
- -
- -
Dividend per Share
26.47
33.97
39.43
43.82
56.9
64.94
71.72
- -
- -
Book Value per Share
29.44
36.54
37.71
37.26
50.66
59.09
66.67
- -
- -
Tangible Book Value per Share
243
243
243
244
243
243
243
- -
243
Basic Weighted Avg Shares
7,995
9,145
5,641
10,392
13,530
13,654
13,865
14,355
14,279
Sales/Revenue/Turnover
33.99
33.49
26.16
38.86
41.98
38.47
35.31
31.96
34.66
Operating Margin (%)
643
887
955
944
1,038
1,349
1,531
1,695
1,557
Depreciation Expense
1,764
2,366
1,329
3,149
4,291
4,142
3,885
3,755
3,962
Net Income, GAAP
34.88
24.12
26.94
25.55
25.48
24.48
25.22
24.27
25.09
Effective Tax Rate (%)
22.07
25.88
23.56
30.3
31.72
30.33
28.02
26.16
27.75
Profit Margin (%)
5,504
6,996
7,154
6,908
9,411
10,189
12,060
10,114
- -
Working Capital
1,297
1,697
1,397
1,934
1,958
3,266
3,412
3,058
- -
LT Debt
8,828
10,660
10,914
10,827
13,999
16,019
17,863
19,643
- -
Total Equity
- -
19.55
8.24
22.55
27.69
21.2
16.95
14.78
- -
Return on Invested Capital (%)
- -
27.05
13.58
26.72
29.94
24.23
20.24
30.89
107.32
Return on Capital (%)
- -
32.27
14.92
31.08
35.02
28
23.41
42.51
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
1,417
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
3,412
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
243
- -
Market Capitalization
313,587
188,631
197,228

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
16,063
- -
Cash, Cash Equivalents & STI
- -
7,260
- -
Accounts Receivable, Net
- -
6,186
- -
Inventories
- -
2,020
- -
Total Current Liabilities
- -
4,003
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,417
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
12.88%
9.97%
Free Cash Flow
- -
16.76%
21.7%
Net Income, GAAP
- -
32.04%
-3.33%
Sales/Revenue/Turnover
- -
24.08%
3.53%
Total Cash Common Dividend
- -
- -
-5.86%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,116
2,183
4,745
3,610
13,654
2025
2,398
2,679
5,113
3,674
13,865
2026
2,812
4,917
3,994
- -
14,355

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.79
2.01
6.5
- -
17.06
2025
2.57
2.75
6.5
4.16
15.99
2026
2.89
5.55
4.71
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
9
2025
- -
- -
- -
- -
8.5
2026
- -
- -
- -
- -
- -
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Business
Vedant Fashions Limited manufactures, trades and sells ethnic wedding and celebration wear for men, women and kids primarily in India. The company operates through a portfolio of brands including its flagship Manyavar, which offers men's sherwanis, kurtas, indo-western outfits, jackets and accessories such as juttis, safas and malas; Mohey, which provides women's lehengas, sarees, stitched suits, gowns and kurtis; Twamev, a premium men's wear brand; Mebaz; and Manthan, a value celebration wear label. It maintains an extensive network of over 670 exclusive brand outlets across India and 16 international stores in countries including the United States, Canada, the United Arab Emirates, the United Kingdom and Nepal. Founded in 2002 and headquartered in Kolkata, India, Vedant Fashions caters to the Indian celebration wear market and the ethnic apparel segment through multi-channel retail encompassing physical stores and e-commerce platforms. Recent developments include robust Q2 FY2025-26 financial performance with total income of INR 590.09 crore, EBITDA of INR 234.27 crore at 43% margin and profit after tax of INR 126.34 crore at 23.2% margin; the launch of Vivaham collection under Manyavar featuring Veshti and Panchakacham with brand ambassadors Ram Charan and Sobhita Dhulipala; and ongoing expansion of exclusive Twamev outlets following their introduction in 2023.