Vedant Fashions Reports Q1 FY27 Net Profit of ₹80.61 Crore; Revenue Up 7.17% YoY

Vedant Fashions Limited (BSE: 543463, NSE: MANYAVAR, CIN: L51311WB2002PLC094677), India's leading ethnic wear manufacturer known for flagship brands like Manyavar, Mohey, and Twamev, announced its unaudited financial results for the first quarter ended June 30, 2026.

The company delivered solid top-line performance for Q1 FY27, backed by strong retail demand and steady expansion across its portfolio.

Key Financial Highlights (Q1 FY27 vs Q1 FY26 & Q4 FY26)

Revenue from Operations: Reached ₹301.37 Crore (₹3,013.65 Million), up 7.17% YoY compared to ₹281.19 Crore (₹2,811.90 Million) in Q1 FY26.

Total Income: Recorded at ₹331.06 Crore (₹3,310.57 Million), reflecting a 7.83% YoY increase over ₹307.02 Crore in Q1 FY26.

Profit Before Tax (PBT): Expanded to ₹105.53 Crore (₹1,055.29 Million), up 14.08% YoY compared to ₹92.51 Crore (₹925.06 Million) in Q1 FY26.

Net Profit (PAT): Surged 14.74% YoY to ₹80.61 Crore (₹806.11 Million), up from ₹70.26 Crore (₹702.57 Million) reported in the corresponding quarter of the previous fiscal.

Earnings Per Share (EPS): Basic and diluted EPS for the quarter improved to ₹3.32 per equity share (face value ₹1 each), up from ₹2.89 in Q1 FY26.

Income & Expenses Breakdown

Financial Metric (₹ in Millions)          | Q1 FY27     | Q4 FY26     | Q1 FY26     | FY26 (Audited)
--------------------------------------------------------------------------------------------------
Revenue from Operations                 | 3,013.65    | 3,994.27    | 2,811.90    | 14,354.79
Other Income                            |   296.92    |   263.36    |   258.28    |    935.18
Total Income                            | 3,310.57    | 4,257.63    | 3,070.18    | 15,289.97
Cost of Materials Consumed              |   306.64    |   333.85    |   275.32    |  1,429.54
Purchases of Stock-in-Trade             |   505.60    |   574.92    |   358.59    |  2,260.57
Changes in Inventories                  |    73.63    |   313.57    |   142.94    |    529.71
Employee Benefits Expense               |   151.63    |   156.91    |   155.68    |    660.62
Finance Costs                           |   129.51    |   132.26    |   141.31    |    563.48
Depreciation & Amortisation             |   422.01    |   438.72    |   397.80    |  1,695.56
Other Expenses                          |   666.26    |   826.58    |   673.48    |  3,191.20
Total Expenses                          | 2,255.28    | 2,776.81    | 2,145.12    | 10,330.68
Profit Before Tax (PBT)                 | 1,055.29    | 1,480.82    |   925.06    |  4,959.29
Tax Expense                             |   249.18    |   337.79    |   222.49    |  1,203.86
Net Profit (PAT)                        |   806.11    | 1,143.03    |   702.57    |  3,755.43
Total Comprehensive Income              |   816.67    | 1,090.93    |   709.48    |  3,705.05

Cost Trends & Operational Efficiency

Input Materials & Procurement: Total cost of raw materials and accessories stood at ₹30.66 Crore (₹306.64 Million), while purchases of stock-in-trade reached ₹50.56 Crore (₹505.60 Million).

Finance Cost Management: Finance costs dropped by 8.35% YoY to ₹12.95 Crore (₹129.51 Million) from ₹14.13 Crore in Q1 FY26, aiding operating leverage.

Other Overhead Expenses: Overhead expenses were contained at ₹66.63 Crore (₹666.26 Million), down sequentially from ₹82.66 Crore in Q4 FY26.

Tax Provision: Total tax expenses for the quarter stood at ₹24.92 Crore (₹249.18 Million), comprising Current Tax of ₹23.33 Crore and Deferred Tax of ₹1.59 Crore.

Shares of Vedant Fashions Limited was last trading in BSE at Rs. 403.40 as compared to the previous close of Rs. 402.20. The total number of shares traded during the day was 6073 in over 436 trades.

The stock hit an intraday high of Rs. 406.70 and intraday low of 393.20. The net turnover during the day was Rs. 2431736.00.

Source : Equity Bulls

Keywords

VedantFashions INE825V01034 MANYAVAR SpecialtyRetail Q1FY27 Q1FY2027 ResultUpdate