Vedant Fashions Q1 profit rises 15% as retail footprint contracts
Manyavar owner Vedant Fashions posted Q1 FY27 net profit of ₹80.6 crore, up 14.7% year on year, on revenue growth of 7.2%. Its exclusive-store, shop-in-shop and international footprints declined during the quarter, while Ravi Modi was reappointed CMD through 2031, subject to shareholder approval.
Manyavar owner Vedant Fashions reported Q1 FY27 profit growth of 14.7% and revenue growth of 7.2%, though its retail footprint contracted. Ravi Modi was reappointed CMD through 2031, subject to shareholder approval.
Why this matters
The results follow two recent signals that Vedant Fashions was set to report Q1 FY27 earnings on July 25. The quarter shows profit and revenue growth alongside a decline in exclusive-store, shop-in-shop and international footprints.
Retail-company is accelerating, up +1107800% QoQ.