Archive · 16 Sep 2025
Vedant Fashions Sees Revenue Growth, Gets Buy Rating
Vedant Fashions, the company behind Manyavar and other ethnic wear brands, is doing well.
They made more money in the recent quarter, with a boost from weddings and festivals.
They are opening more stores and attracting more customers.
Although profits are increasing, some of their profit margins have decreased a bit due to spending more money on marketing.
Experts think the company is worth buying because it has a strong brand and plans to grow carefully.
They also believe the stock is priced attractively compared to its past performance.
Vedant Fashions' revenue grew 17% YoY to ₹281 crore in Q1FY26.
EBITDA increased by 7% to ₹121 crore, but margins contracted.
PAT increased by 12.4% year-over-year, reaching ₹70 crore.
The company has 662 exclusive brand outlets in India and 16 globally.
Brokerage has a 'Buy' rating on the stock with a target price of ₹890.
- Who
- Vedant Fashions Ltd (VFL)
- What
- Reported Q1FY26 financials and received a 'Buy' rating.
- When
- Q1FY26
- Where
- India and globally (US, UAE, UK, Canada)
- Why
- Driven by demand for celebration wear, store expansions, and customer traction.
- Company
- Vedant Fashions Ltd (VFL)
- Revenue (Q1FY26)
- ₹281 crore (17% YoY growth)
- EBITDA (Q1FY26)
- ₹121 crore (7% growth)
- EBITDA Margin (Q1FY26)
- 43% (410 bps contraction)
- PAT (Q1FY26)
- ₹70 crore (12.4% YoY growth)
- Store Count
- 662 EBOs in India, 16 globally
- Target Price
- ₹890