13 May 2022, Mumbai:
Q4 FY’22 net profit of Vedant Fashions grew 86 percent to Rs 88 crore as against Rs 47 crore it reported in the year-ago period.
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The company’s revenue during the quarter increased 53 percent to Rs 307 crore, as against Rs 200 crore reported in the corresponding period of the previous fiscal year.
For FY 2021-22, Vedant Fashions’ net profit rose to Rs 314 crore while revenue increased to Rs 1,090 crore.
Promoted by Ravi Modi, Shilpi Modi, and Ravi Modi Family Trust, Vendant Fashions owns the ethnic wear brand Manyavar, which retails traditional style occasion wear.
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The brand currently has 525 exclusive brand outlets including 55 shop-in-shops.
It is present in 207 Indian cities and is also available in countries including the US, UAE, and Canada. Along with Manyavar, Vedant Fashions also operates clothing brands Twamev, Manthan, Mohey, Mebaz, etc.
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CREDITS: As per a Fashion Network report.
