Manyavar Parent Vedant Fashions Reports Q1 FY27 Results: Revenue and Margins Expand
5paisa Capital Ltd
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Last Updated: 21st September 2026 - 06:56 pm
Vedant Fashions, owner of ethnic and celebration wear brand Manyavar, started FY27 with better revenues and profits, along with increased sales from its domestic existing stores during the June quarter.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Revenues from operations stood at ₹301.4 crore, registering 7.2% growth from ₹281.2 crore recorded in the corresponding quarter of the previous fiscal year. Post-tax profits saw sharper growth, jumping 14.7% to ₹80.6 crore from ₹70.3 crore.
Gross margin was slightly improved, with EBITDA at ₹131 crore, as compared to ₹120.6 crore a year ago, while the EBITDA margin increased to 43.5% from 42.9%. PAT margin came in at 26.7%.
Sales through retail channels were up 3.4% YoY during the quarter. Domestic Same Store Sales registered 3.8% growth, demonstrating the growth in sales from the existing outlets in the network.
Domestic existing store growth took place against the backdrop of Vedant Fashions’ expansion in the retail space. By the end of June, the company operated 501 exclusive brand outlets spread across 205 cities/towns in India, covering an area of 1.67 million square feet.
The company’s footprint was also inclusive of 136 shop-in-shop stores and 14 international stores spread across nine cities.
The June-quarter performance was therefore driven by a combination of higher overall revenue, stronger profit growth and positive comparable-store sales rather than a sharp expansion in any single metric.
Vedant Fashions continues to operate in the branded fashion apparel and accessories segment, with Manyavar remaining the company’s best-known label alongside its other celebration-wear brands.
For Q1 FY27, the clearest change was visible in the bottom line: revenue grew in single digits, while profit increased at more than twice that pace and operating margins edged higher from the year-ago quarter.
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