Vedant Fashions Reports FY26 Audited Results; Board Recommends ₹7.75 Final Dividend

Vedant Fashions Limited, the company behind the Manyavar brand, announced its audited financial results for the quarter and financial year ended March 31, 2026, following a Board of Directors meeting held on May 08, 2026. The statutory auditors, M/s B S R & Co. LLP, Chartered Accountants (FRN: 101248W/W-100022), issued an unmodified opinion on the financial results, which were reviewed by the Audit Committee and approved by the Board at their respective meetings on the same date. In compliance with Regulation 47 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements of its audited financial results on May 9, 2026 in the following publications:

Publication: Details The Economic Times: English Newspaper (All India editions) Sangabad Pratidin: Bengali Newspaper (Kolkata edition)

Annual Financial Performance

For the financial year ended March 31, 2026, Vedant Fashions reported revenue from operations of INR 14,354.79 million, compared to INR 13,864.83 million in the previous financial year. Total income, including other income of INR 935.18 million, stood at INR 15,289.97 million for FY26, against INR 14,716.40 million in FY25. The following table summarises the key income statement metrics for the full year:

Metric: FY26 (Audited) FY25 (Audited) Revenue from Operations: INR 14,354.79 million INR 13,864.83 million Other Income: INR 935.18 million INR 851.57 million Total Income: INR 15,289.97 million INR 14,716.40 million Total Expenses: INR 10,330.68 million INR 9,521.44 million Profit Before Tax: INR 4,959.29 million INR 5,194.96 million Total Tax Expense: INR 1,203.86 million INR 1,310.24 million Net Profit: INR 3,755.43 million INR 3,884.72 million Total Comprehensive Income: INR 3,705.05 million INR 3,880.74 million

Earnings per equity share (face value of INR 1 each) on a basic basis stood at INR 15.46 for FY26, compared to INR 15.99 in FY25. Diluted EPS was INR 15.45 for FY26 versus INR 15.98 in FY25.

Quarterly Performance — Q4 FY26

For the three months ended March 31, 2026, revenue from operations was INR 3,994.27 million, compared to INR 3,674.36 million in the corresponding quarter of the previous year and INR 4,917.09 million in the quarter ended December 31, 2025. Net profit for Q4 FY26 stood at INR 1,143.03 million, against INR 1,011.05 million in Q4 FY25. The table below presents the key quarterly metrics:

Metric: Q4 FY26 Q3 FY26 Q4 FY25 Revenue from Operations: INR 3,994.27 million INR 4,917.09 million INR 3,674.36 million Total Income: INR 4,257.63 million INR 5,131.48 million INR 3,894.93 million Profit Before Tax: INR 1,480.82 million INR 1,812.97 million INR 1,347.03 million Net Profit: INR 1,143.03 million INR 1,349.02 million INR 1,011.05 million Basic EPS (INR per share): 4.71 5.55 4.16 Diluted EPS (INR per share): 4.70 5.55 4.16

Note: EPS figures are not annualised for the quarterly periods.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at INR 28,527.17 million, compared to INR 27,465.75 million as at March 31, 2025. Total equity increased to INR 19,643.36 million from INR 17,863.10 million in the prior year. Key balance sheet figures are presented below:

Particulars: March 31, 2026 (Audited) March 31, 2025 (Audited) Total Non-Current Assets: INR 14,630.42 million INR 11,402.33 million Total Current Assets: INR 13,896.75 million INR 16,063.42 million Total Assets: INR 28,527.17 million INR 27,465.75 million Total Equity: INR 19,643.36 million INR 17,863.10 million Total Non-Current Liabilities: INR 5,101.35 million INR 5,599.17 million Total Current Liabilities: INR 3,782.46 million INR 4,003.48 million Total Liabilities: INR 8,883.81 million INR 9,602.65 million

Cash Flow Summary

For the year ended March 31, 2026, net cash generated from operating activities was INR 4,814.44 million, compared to INR 3,886.01 million in the previous year. Net cash used in investing activities was INR 1,020.05 million, while net cash used in financing activities amounted to INR 3,855.87 million. Cash and cash equivalents at the end of the year stood at INR 110.63 million, against INR 172.11 million at the beginning of the year. The following table summarises the cash flow position:

Particulars: FY26 (Audited) FY25 (Audited) Net Cash from Operating Activities: INR 4,814.44 million INR 3,886.01 million Net Cash Used in Investing Activities: INR (1,020.05) million INR (158.83) million Net Cash Used in Financing Activities: INR (3,855.87) million INR (3,772.04) million Cash & Cash Equivalents (End of Year): INR 110.63 million INR 172.11 million

Dividend Recommendation and Other Key Disclosures

The Board of Directors recommended a final dividend of ₹7.75 per fully paid-up equity share of ₹1 each for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting. During the year ended March 31, 2026, 29,094 equity shares were issued to employees against stock options exercised by them. The company operates in a single reportable segment — Branded Fashion apparel and accessories — and does not have any investments in subsidiary, associate, or joint venture entities for the year ended March 31, 2026, making consolidated financial results not applicable. Additionally, the company recognised an incremental impact of Rs. 16.17 millions under employee benefits expense for the three months ended December 31, 2025, pertaining to the four Labour Codes notified by the Government of India on November 21, 2025.

Vedant Fashions Limited's Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026. The statutory auditors, M/s B S R & Co. LLP, issued an audit report with an unmodified opinion. Additionally, the board recommended a final dividend of ₹7.75 per fully paid-up equity share of ₹1 each for FY26, subject to shareholder approval. The company has also released its investor presentation for May 2026, detailing operational highlights and strategic initiatives.

FY26 Financial Performance

Vedant Fashions reported revenue from operations of ₹14,355 million for the full year ended March 31, 2026, compared to ₹13,865 million in the previous year. Total income, including other income of ₹935 million, stood at ₹15,290 million. The company's net profit for FY26 came in at ₹3,755 million against ₹3,885 million in FY25. The following table summarises the key financial metrics:

Metric: FY26 (Audited) FY25 (Audited) Revenue from Operations: ₹14,355 Mn ₹13,865 Mn Other Income: ₹935 Mn ₹852 Mn Total Income: ₹15,290 Mn ₹14,716 Mn Total Expenses: ₹10,331 Mn ₹9,521 Mn Profit Before Tax: ₹4,959 Mn ₹5,195 Mn Total Tax Expense: ₹1,204 Mn ₹1,310 Mn Net Profit: ₹3,755 Mn ₹3,885 Mn Basic EPS (INR per share): ₹15.46 ₹15.99

Q4FY26 Quarterly Snapshot

For the quarter ended March 31, 2026, the company reported revenue from operations of ₹3,994 million, compared to ₹3,674 million in the same quarter of the previous year. Quarterly net profit stood at ₹1,143 million versus ₹1,011 million in Q4FY25. On the operational front, Q4FY26 EBITDA came in at 1.79B rupees compared to 1.66B rupees in Q4FY25, while EBITDA margin expanded to 45.6% from 45.1% in the year-ago period. The table below presents the quarterly performance comparison:

Metric: Q4FY26 (Unaudited) Q4FY25 (Unaudited) Revenue from Operations: ₹3,994 Mn ₹3,674 Mn Total Income: ₹4,258 Mn ₹3,895 Mn EBITDA: 1.79B Rupees 1.66B Rupees EBITDA Margin: 45.6% 45.1% Net Profit: ₹1,143 Mn ₹1,011 Mn Basic EPS (INR per share): ₹4.71 ₹4.16

Operational Highlights and Expansion

The company reported a retail footprint of 1.79 million sq. ft. as of FY26, comprising 669 Exclusive Brand Outlets (EBOs) across 252 cities and towns globally, including 17 international EBOs. During Q4 FY26, the company added a net of 5 EBOs and expanded its EBO area by 4.2k sq. ft. Vedant Fashions recorded Same Store Sales Growth (SSSG) of +4.6% in Q4 FY26 over Q4 FY25 and +2.7% in FY26 over FY25. The company operates through a diversified brand portfolio including Manyavar, Mohey, Twamev, Diwas, and Mebaz, catering to various segments of the Indian wedding and celebration wear market.

Balance Sheet and Cash Flow

As at March 31, 2026, Vedant Fashions reported total assets of ₹28,527 million, up from ₹27,466 million as at March 31, 2025. Total equity stood at ₹19,643 million. For the year ended March 31, 2026, the company generated net cash from operating activities of ₹4,814 million. Net cash used in investing activities was ₹(1,020) million, while net cash used in financing activities amounted to ₹(3,856) million. Cash and cash equivalents at the end of the year stood at ₹111 million.

Corporate Notes

The board has recommended a final dividend of ₹7.75 per equity share for FY26, subject to shareholder approval at the ensuing AGM. The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company operates in a single reportable segment — Branded Fashion Apparel and Accessories. The investor presentation is available on the company's website.

Source: Company/INE825V01034/f86d7d37-d863-4230-819a-f8194e64336a.pdf

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