Vedant Fashions Q4 profit rises 13%; Manyavar parent slips from day’s high after results

Shares of Vedant Fashions Ltd., the parent company of ethnic wear brand Manyavar, slipped from the day’s high on Friday after the company reported its Q4 FY26 earnings.

The stock had touched an intraday high of ₹460 before easing, though it remained in positive territory during afternoon trade.

Vedant Fashions reported a consolidated net profit of ₹114.3 crore for the quarter ended March 2026, registering a 13.2% year-on-year increase from ₹101 crore in the corresponding quarter last year.

Revenue from operations rose 8.7% YoY to ₹399.4 crore compared with ₹367.4 crore in Q4 FY25.

Operationally, EBITDA increased 8% year-on-year to ₹178.8 crore from ₹165.7 crore reported a year ago. EBITDA margin stood at 44.7% compared to 45.1% in the year-ago quarter, indicating a marginal contraction in profitability margins despite higher revenue growth.

Alongside the results, the board of directors recommended a final dividend of ₹7.75 per fully paid-up equity share of face value ₹1 each for FY26, subject to shareholder approval at the upcoming annual general meeting.

Vedant Fashions is among India’s leading organised ethnic wear players and operates brands including Manyavar, Mohey, Twamev, Manthan and Mebaz. The company continues to benefit from rising demand for wedding wear and festive apparel, supported by increasing premiumisation in India’s ethnic fashion segment.

Investor reaction remained somewhat mixed after the results, with the stock giving up part of its intraday gains as the market assessed the slight margin compression and broader demand outlook for discretionary retail spending.

The company has been expanding its retail footprint across India while also increasing focus on international markets and omnichannel sales initiatives.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.