Vedant Fashions Q1 profit rises 14.7%; Manyavar owner’s shares gain over 5%
Vedant Fashions, the owner of Manyavar, Mohey and Twamev, reported Q1 FY27 net profit of Rs 80.6 crore as revenue rose 7.2% to Rs 301 crore. EBITDA margin expanded 60 basis points to 43.5%, while the board reappointed Ravi Modi and Shilpi Modi for five-year terms.
Vedant Fashions, owner of Manyavar and other ethnic-wear brands, reported higher Q1 FY27 profit, revenue and EBITDA margin. Its shares rose over 5% amid elevated volumes, while the board reappointed Ravi Modi and Shilpi Modi for fresh five-year terms.
Why this matters
The results follow recent signals on Vedant Fashions’ Q1 FY27 earnings date and a prior report of 15% profit growth amid a contracting retail footprint.
Retail-company signals are accelerating, up 207514% QoQ.