Vedant Fashions Limited, the parent company of ethnic-wear brand Manyavar, reported a muted performance for the quarter ended September 30, 2025, with both revenue and profitability under pressure.
The company posted revenue from operations of ₹2,631.53 crore in Q2 FY26, down 1.8% from ₹2,679.45 crore in the same quarter last year. Total income stood at ₹2,830.68 crore versus ₹2,871.89 crore a year ago.
Expenses rose marginally to ₹2,090.24 crore in the quarter compared to ₹1,969.71 crore in Q2 FY25, driven by higher raw material and employee benefit costs.
Profit before tax stood at ₹740.44 crore, lower than ₹902.18 crore in the corresponding period last year. Net profit for the quarter declined 16% YoY to ₹560.81 crore compared to ₹669.03 crore in Q2 FY25.
| Metric | Q2 FY26 (Sep 2025) | Q2 FY25 (Sep 2024) | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹2,631.53 | ₹2,679.45 | -1.8% |
| Other Income | ₹199.15 | ₹192.44 | +3.5% |
| Total Income | ₹2,830.68 | ₹2,871.89 | -1.4% |
| Total Expenses | ₹2,090.24 | ₹1,969.71 | +6.1% |
| Profit Before Tax (PBT) | ₹740.44 | ₹902.18 | -17.9% |
| Tax Expense | ₹179.63 | ₹233.15 | -22.9% |
| Net Profit | ₹560.81 | ₹669.03 | -16.1% |
For the first half of FY26, revenue rose to ₹5,443.43 crore from ₹5,077.67 crore in the year-ago period, while profit came in at ₹1,263.38 crore versus ₹1,293.92 crore last year.
Vedant Fashions continues to maintain a strong presence in the wedding and festive ethnic-wear market through its flagship brands Manyavar, Mohey, Mebaz, Twamev and Manthan. The results come ahead of the key festive and wedding season, a crucial period for the company’s sales cycle.
| Metric | H1 FY26 | H1 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹5,443.43 | ₹5,077.67 | +7.2% |
| Total Income | ₹5,900.86 | ₹5,484.73 | +7.6% |
| Total Expenses | ₹4,235.36 | ₹3,751.93 | +12.9% |
| Net Profit | ₹1,263.38 | ₹1,293.92 | -2.4% |
Disclaimer: The information provided is for informational purposes only and should not be considered as financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
