Vedant Fashions Limited — Investor Meet, 13-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Vedant Fashions Q4FY25 revenue rose 1.2% YoY to Rs. 367 Cr, with gross margin steady at 66.2% and EBITDA margin at 45.6%. PAT was Rs. 101 Cr (27.5% margin). Full FY25 revenue grew 1.4% to Rs. 1,387 Cr; customer sales increased 2.2%. Like-to-like sales gained 2.9% from July after a weak Q1. Retail space expanded by 85,000 sq ft to 1.79 million sq ft across 678 stores. Mohey brand grew ~25%, supported by broader wedding wear offerings. Management is boosting product launches (2.3x YoY) and digital marketing, with focus on retail training. Store closures were relocations/consolidations. AP-Telangana remains challenging. Franchisee profitability stable despite softer sales. FY26 focus on like-to-like growth and selective retail expansion amid a crowded, unprofitable competitor landscape. Early Q1 FY26 shows improvement but cautious consumer sentiment persists. Sentiment remains confident on fundamentals and strategies driving recovery.