Latest news with #Manyavar
Fashion Value Chain
5 days ago
- Business
- Fashion Value Chain
Snitch Raises $40M to Scale Up Retail & Go Global
Snitch, India's fastest-growing D2C menswear brand, has secured up to USD 40 million in a Series B funding round led by 360 ONE Asset. The investment also saw participation from IvyCap Ventures, SWC Global, the Ravi Modi Family Office (of Manyavar fame), and other angel investors. The capital will fuel Snitch's bold expansion goals: Growing its offline presence from 55+ to 100+ stores by end-2025 Entering quick commerce to offer fashion delivered within hours Launching new apparel and lifestyle categories Piloting global markets Siddharth Dungarwal, Founder & CEO, described this round as validation of the brand's vision—an Indian menswear brand built on speed, belief, and customer-centricity ready to compete on a global stage. With 120% YoY growth and a strong omnichannel model, Snitch is now preparing for international expansion and a future IPO. 360 ONE Asset's Chetan Naik praised Snitch's lean, design-led business model and ability to maintain profitability while scaling quickly, calling it a 'category-defining' brand in the making. IvyCap Ventures and SWC Global reaffirmed their commitment, citing Snitch's superior supply chain, tech agility, and ability to engage India's Gen Z and millennial male shoppers as reasons for continued support. Founded in 2020, Snitch has made its mark by blending drop-driven fast fashion with a digital-first strategy and rapid design cycles. Its previous ₹110 Cr Series A in 2023 laid the groundwork for tech upgrades and retail expansion. PwC India served as the exclusive financial advisor on the deal, while JSA acted as legal counsel.
Fashion Network
15-05-2025
- Business
- Fashion Network
Vedant Fashions Ltd Q4 net profit declines 13 percent to Rs 101 crore
Vedant Fashions Ltd, the owner of ethnic wear brand Manyavar reported a 13 percent decline in net profit to Rs 101 crore ($11.9 million) for the fourth quarter ended March 31, as against Rs 116 crore in the year-ago quarter. The company's revenue for the quarter was up marginally by 1 percent to Rs 367 crore, as against Rs 363 crore in the corresponding quarter of the previous fiscal year. On a full-year basis, the company's net profit declined 6 percent to Rs 388 crore on a 1 percent increase in revenue to Rs 1,386.48 crore in FY25 over FY24. 'The company's performance in FY25 was impacted by subdued consumer sentiment and severely impacted Q1 FY25 with extremely low/negligible wedding dates nationally. However, in the nine months period from July to March FY25, retail sales grew by 9.3%, with like-to-like sales growing by 2.9%,' Vedant Fashions said in its investor presentation. 'Despite these challenges, the company successfully maintained strong financial margins and profitability metrics, reflecting resilient business fundamentals,' it added. Vedant Fashions is engaged in manufacturing and retailing of readymade ethnic wear for men, women and kids under the brand names Manyavar, Mohey, Mebaz, Twamev, and Manthan.
Business Standard
06-05-2025
- Business
- Business Standard
Vedant Fashions slides after Q4 PAT fall 13% YoY; recommends final dividend of Rs 8/sh
Vedant Fashions dropped 4.89% to Rs 751.50 after the company reported 12.68% decline in consolidated net profit to Rs 101.10 crore in Q4 FY25 as against Rs 115.79 crore posted in Q4 FY24. However, revenue from operations increased 1.17% to Rs 367.44 crore in the quarter ended 31 March 2025. Profit before tax fell 8.93% to Rs 134.70 crore in Q4 FY25 as against Rs 147.92 crore reported in the corresponding quarter previous year. Total expenses increased 6.45% year on year to Rs 254.79 crore in Q4 FY25. Cost of raw material consumed stood at Rs 45.01 crore (up 19.01% YoY) while finance cost was at Rs 136.23 crore (up 3.06% YoY). On a full-year basis, the companys net profit declined 6.20% to Rs 388.47 crore on a 1.38% increase in revenue to Rs 1,386.48 crore in FY25 over FY24. Meanwhile, the companys board has recommended a final dividend of Rs 8 per equity share for the financial year ended 31st March 2025, subject to the approval of the shareholders at the ensuing Annual General Meeting of the company. Vedant Fashions is primarily engaged in manufacturing, trading and selling readymade ethnic wear for men, women and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev and Manthan.
Business Upturn
06-05-2025
- Business
- Business Upturn
Manyavar shares drop 4% as Q4 net profit falls 12.6% YoY to Rs 101 crore
Manyavar witnessed a 4% drop in its share price following the release of its Q4 FY25 results. As of 1:55 PM, the shares were trading 4.35% lower at Rs 755.00 The company reported a notable decline in profitability despite a slight increase in revenue. For the quarter, Vedant Fashions posted a net profit of ₹101.1 crore, down 12.6% compared to ₹115.8 crore in Q4 FY24. The revenue from operations rose by a modest 1.2% YoY to ₹367.4 crore, compared to ₹363 crore in the previous year. The company's EBITDA also showed a decline, falling 5.3% to ₹165.7 crore, compared to ₹175 crore in Q4 FY24. This led to a reduction in EBITDA margins, which decreased to 45% from 48% year-on-year. On a sequential basis, the company's performance showed a sharper decline in both revenue and profits. For the full year FY25, Vedant Fashions reported total revenue of ₹1,386.48 crore, with a net profit of ₹388.47 crore. The company declared a final dividend of ₹8 per share, which will be subject to approval at the upcoming AGM. Disclaimer: The information provided is for informational purposes only and should not be considered 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. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Hindustan Times
26-04-2025
- Lifestyle
- Hindustan Times
Punjabi kurta pajama: Top 8 comfortable and classic picks for men to look Desi and swag in style
Be it a wedding function, a holy ritual, or a festival at home, an ethnic attire enhances your overall look and appearance. And when it's for men, nothing gives a dotting appearance than a Pathani or a Punjabi kurta pajama. From the trendy summer colours to the all-time favourite black, Amazon has a wide range of Pathani kurta pajamas for men to choose from. So, give yourself that Desi swag with these Punjabi kurta pajamas and flaunt your stylish ethnic avatar. Our top 8 picks would definitely help you choose the right one for any festivities. Enhance your festive and formal look with this rich rayon blend Pathani kurta-churidar set by Manyavar. The solid hue of this kurta pajama lends a sleek vibe and is perfect for weddings or festive celebrations. Style it with traditional mojaris and a matching embroidered stole for a regal look. Want to dress it down? Swap the churidar for linen trousers and roll up the sleeves for a relaxed yet refined outfit. Stay cool and classic in this breezy cotton Pathani kurta suit from Rajubhai Hargovindas. Designed for all-day comfort and timeless appeal, it's perfect for religious occasions or other gatherings. Pair this kurta pajama with brown sandals and a casual watch for an understated vibe. For a dressier touch, layer on a Nehru jacket and leather juttis. Channel effortless charm with Exotic India's cotton kurta pyjama set. Lightweight and breathable, it's an ideal pick for pujas, casual Fridays, or evening get-togethers. Amp up the ethnic flair with a printed stole or go minimal with tan kolhapuris. For a fusion twist, wear the kurta over denim and add a sleek wristwatch. Heading out in the evening? Traditional yet trendy, this cotton blend Pathani kurta from VASTRAMAY is made for festive flair. The structured cut and subtle sheen elevate your ethnic style game. Team it with black tapered trousers or churidar for a sleek look. Add a statement brooch or cufflinks for instant glam. Make a bold yet elegant statement in K-ROYALS' cotton blend Pathani kurta pyjama suit. Its tailored silhouette offers all-day comfort while ensuring you stand out at any celebration. Dress it up with glossy mojaris and a silk stole, or go fusion with loafers and a waistcoat. The crisp fabric and clean lines make it a versatile piece in every festive wardrobe. A royal choice indeed, this cotton Pathani suit from Royal Kurta blends tradition and comfort seamlessly. Its breathable fabric and sharp design are ideal for cultural events or casual family functions. Accessorize it with a chunky bracelet and leather sandals for a rugged ethnic look. Or, go semiformal with suede slip-ons and a contrasting scarf. Sleek and simple, the cotton blend Pathani kurta from Royal Kurta is your go-to for low-key festivities or daily wear. Lightweight and easy to maintain, it pairs perfectly with pyjamas or jeans for a smart-casual edge. Add a leather satchel and kolhapuris for a vintage look, or throw on a denim jacket for modern Indo-western vibes. Pure, poised, and perfect for any occasion—Nabia's white cotton Pathani kurta pajama set is a wardrobe essential. The crisp white hue is effortlessly elegant and endlessly versatile. Style with tan mojaris and a watch for a clean traditional look, or add a colorful stole for festive flair. Whether it's for Friday prayers, family events, or even as a wedding guest, this set keeps you looking sharp and serene. Long kurtis for women: Turn heads with a blend of grace, comfort and desi glam Cotton A line kurtis you cannot miss: Get up to 60% off on these stylish and comfortable options Wedding Kurta pajama for men: Get ready to flaunt your festive look with our top 8 picks A Punjabi Kurta Pajama is a traditional outfit worn by men, consisting of a long tunic-style top (kurta) and a comfortable drawstring or elastic-waist bottom (pajama). It is popular in the Punjab region of India and Pakistan and is known for its elegant, cultural, and relaxed style. Common fabrics include: Cotton – Ideal for daily wear and summer. Linen – Light and breathable with a slightly formal look. Silk or Art Silk – For festive and formal occasions. Blended Fabrics – For comfort, durability, and wrinkle resistance. Absolutely! They are a popular choice for weddings, Diwali, Vaisakhi, Eid, and other celebrations. For such occasions, choose embellished or embroidered kurtas made with silk or jacquard fabrics. Yes! Cotton or linen kurtas paired with simple pajamas or even jeans are perfect for everyday wear, lounging, or casual outings. Popular accessories include: Mojaris or Kolhapuri chappals (traditional footwear) Phulkari or embroidered dupatta Traditional turbans or pagris (for festive occasions) Bracelets or kada (steel bangle) Disclaimer: At Hindustan Times, we help you stay up-to-date with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a part of the revenue when you make a purchase. We shall not be liable for any claim under applicable laws, including but not limited to the Consumer Protection Act, 2019, with respect to the products. The products listed in this article are in no particular order of priority.
