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Vedant Fashions (MANYAVAR) Q1 FY27 Highlights:
**Business Performance:** Strong Q1! Retail Sales for customers rose 3.4% YoY. Revenue from operations jumped 7.2% to ₹301.4 Cr. Profit After Tax (PAT) surged 14.7% to ₹80.6 Cr, showing a solid 26.7% PAT margin. Domestic Same-Store Sales Growth (SSSG) was a healthy 3.8%, and Gross Margin remains strong at 65.7%.
**Growth Drivers/Strategy:** The company is expanding its diverse brand portfolio (Manyavar, Mohey, Twamev) with a focus on up-selling and cross-selling. Strategies include further retail expansion in India and abroad, backed by tech-driven supply chains and targeted marketing, all while maintaining an asset-light, no-discount model for Manyavar. Management sees a multi-decade growth runway in the category.
**Recent Developments:** Vedant Fashions surpassed ₹2,000 Cr in Retail Sales in FY26. As of June 2026, it boasts 501 Exclusive Brand Outlets (EBOs) across 205 Indian cities. Notably, Q1 FY27 saw a slight net reduction of 15.1K sq. ft. in domestic EBO area.