Vedant Fashion’s registers 13% decline in net profit in Q4, FY25
16 May, Mumbai 2025
Owner of ethnic wear brand Manyavar, Vedant Fashions recorded a 13 per cent decline in net profit to Rs 101 crore in Q4, FY25. The company had recorded a net profit of Rs 116 crore in the corresponding quarter a year ago.
However, the company’s revenue increased by 1 per cent rise to Rs 367 crore during the quarter as against Rs 363 crore in the corresponding quarter of the previous fiscal year.
For the full FY25, Vedant Fashions report a 6 per cent decline in net profit to Rs 388 crore even as the company’s revenue grew marginally by 1 per cent to Rs 1,386.48 crore during the year.
Subdued consumer sentiments impacted the company’s performance in FY25 while its Q1, FY25 were affected by extremely low or negligible wedding dates nationally. However, the company’s retail sales grew by 9.3 per cent in the nine months period from July to March FY25, with like-to-like sales also increasing by 2.9 per cent. The company maintained strong financial margins and profitability metrics during the year despite challenges, reflecting resilient business fundamentals. It is primarily engaged in the manufacture and retailing of readymade ethnic wear for men, women and kids under the Manyavar, Mohey, Mebaz, Twamev and Manthan brands.
