Latest news with #VedantFashionsLtd
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
Bank of Baroda leads losers in 'A' group
Sonata Software Ltd, Reliance Infrastructure Ltd, Vedant Fashions Ltd and Indian Hotels Co Ltd are among the other losers in the BSE's 'A' group today, 06 May 2025. Sonata Software Ltd, Reliance Infrastructure Ltd, Vedant Fashions Ltd and Indian Hotels Co Ltd are among the other losers in the BSE's 'A' group today, 06 May 2025. Bank of Baroda lost 9.57% to Rs 225.4 at 14:47 stock was the biggest loser in the BSE's 'A' the BSE, 9.46 lakh shares were traded on the counter so far as against the average daily volumes of 6.17 lakh shares in the past one month. Sonata Software Ltd crashed 7.07% to Rs 392.6. The stock was the second biggest loser in 'A' the BSE, 14.65 lakh shares were traded on the counter so far as against the average daily volumes of 7.03 lakh shares in the past one month. Reliance Infrastructure Ltd tumbled 6.93% to Rs 238.55. The stock was the third biggest loser in 'A' the BSE, 3.72 lakh shares were traded on the counter so far as against the average daily volumes of 4.99 lakh shares in the past one month. Vedant Fashions Ltd pared 6.76% to Rs 736.7. The stock was the fourth biggest loser in 'A' the BSE, 23732 shares were traded on the counter so far as against the average daily volumes of 12315 shares in the past one month. Indian Hotels Co Ltd slipped 6.40% to Rs 750.5. The stock was the fifth biggest loser in 'A' the BSE, 3.57 lakh shares were traded on the counter so far as against the average daily volumes of 91434 shares in the past one month.
