Latest news with #Mebaz
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.
