Vedant Fashions Limited · NSE:MANYAVAR
Vedant Fashions — Q2 FY23 Earnings Presentation
25 slides from Vedant Fashions's earnings presentation, Nov 14, 2022
Slide 1: Vedant Fashions Limited Investor Presentation November 2022
Vedant Fashions Limited Investor Presentation November 2022
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vedant Fashions Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 3: Content
Content About Vedant Fashions 05 Key Investment Highlights/ Our Strengths 09 Our Growth Strategy 12 Q2 & H1 FY23 Update and Financial Performance 14 Financial Summary 21 3
Slide 4: Content
Content About Vedant Fashions 05 Key Investment Highlights/ Our Strengths 09 Our Growth Strategy 12 Q2 & H1 FY23 Update and Financial Performance 14 Financial Summary 21 4
Slide 5: Introduction to Vedant Fashions
Introduction to Vedant Fashions Indian Wedding and Celebration Wear Brands Headquartered in Kolkata, One-stop destination with wide incorporated in 2002 by Mr. Ravi product portfolio for every Modi, Vedant Fashions offers Indian celebratory occasion; aspirational wedding & celebration wear for yet v
Slide 6: What makes Manyavar Special
What makes Manyavar Special Aspirational Yet Value for Money Multi-brand Product Portfolio Strong Control Over Entire Ecosystem ▪ Strong design capabilities with data-driven/ AI backed ▪ Aspirational Brand with Aristocratic & decision-making and demand forecasting seamless customer experience ▪ One-
Slide 7: Evolution Over the Years
Evolution Over the Years • Launched Twamev • Strategic (Men’s premium wear Acquisition of brand) Celebration Brand Manyavar Surpassed >INR Launched Mohey Mebaz • Crossed INR 10,000 mn Wear Partner in started operations via 1st EBO in 1,000 mn EBO (Women’s Celebration • Kedaara Capital EBO revenue &
Slide 8: Content
Content About Vedant Fashions 05 Key Investment Highlights/ Our Strengths 09 Our Growth Strategy 12 Q2 & H1 FY23 Update and Financial Performance 14 Financial Summary 21 8
Slide 9: Key Investment Highlights/ Our Strengths
Key Investment Highlights/ Our Strengths Large & growing Indian wedding & celebration wear market driven by an increased spending on such wear Technology-based supply chain network with strong processes in place Market leader in Indian celebration wear market with diversified brand portfolio across
Slide 10: Diversified Brand Portfolio Catering to Aspirations of Entire Family
Diversified Brand Portfolio Catering to Aspirations of Entire Family Brands Year 19991 2015 2019 20172 20183 Target Group Men, Boys Women Men Men, Women, Kids Men Price Spectrum Mid-Premium Mid-Premium Premium Mid-Premium to Premium Value Distribution EBOs, MBOs, LFS, E-commerce EBOs & E-commerce EB
Slide 11: Content
Content About Vedant Fashions 05 Key Investment Highlights/ Our Strengths 09 Our Growth Strategy 12 Q2 & H1 FY23 Update and Financial Performance 14 Financial Summary 21 11
Slide 12: Our Growth Strategy
Our Growth Strategy 01 Retail Expansion within and outside India 02 Up-selling and cross-selling initiatives 03 Enhancement of brand appeal through targeted marketing initiatives 04 Significant potential and space for growth of our emerging brands 05 Disciplined approach towards acquisitions Vedant
Slide 13: Content
Content About Vedant Fashions 05 Key Investment Highlights/ Our Strengths 09 Our Growth Strategy 12 Q2 & H1 FY23 Update and Financial Performance 14 Financial Summary 21 13
Slide 14: Wide Pan-India Reach and Presence including International Markets
Wide Pan-India Reach and Presence including International Markets Presence (As of H1 FY23) Net Rollout (Q2 FY23) International Presence (As of H1 FY23) 1.34 mn Sq. ft. 62 k Sq. ft. 3 EBO’s Area* EBO’s Area Countries 626 23 9 EBO’s* EBO’s Cities 235 Cities and towns in India 30,919 sq. ft. Total Reta
Slide 15: Key Retail Highlights
Key Retail Highlights INR in mn Strong Retail Growth Vs FY22 Strong Retail Growth Vs FY20 (Sale of our Customers3) across Channels (Sale of our Customers3) across Channels Q2 FY’23 Vs Q2 FY’22 H1 FY’23 Vs H1 FY’22 Q2 FY’23 Vs Q2 FY’20 H1 FY’23 Vs H1 FY’20 +67.8% +64.5% +20.0% 7,933 +73.1% 7,933 4,72
Slide 16: Key Financial Highlights (Consolidated)
Key Financial Highlights (Consolidated) INR in mn Q2 FY23 YoY Analysis Revenue from Operations Gross Profit1 & Gross Margin EBITDA2 & EBITDA Margin PAT & PAT Margin 23.5% Margins → 65.9% 66.5% Margins → 47.9% 47.0% Margins → 26.6% 28.0% 24.7% 21.2% 29.7% 2,469 1,999 1,643 1,161 1,318 958 690 532 Q2
Slide 17: Profit and Loss Statement Q2 and H1 FY23 (Consolidated)
Profit and Loss Statement Q2 and H1 FY23 (Consolidated) INR in mn Quarter ended Half Year ended Year ended Particulars Sep 30, 2022 Sep 30, 2021 Sep 30, 2022 Sep 30, 2021 31-Mar-22 (Unaudited) (Audited) (Unaudited) (Audited) (Audited) Sr.no Income: I Revenue from operations 2,469 1,999 5,719 3,598 1
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet INR in mn INR mn As at 9/30/2022 As at 3/31/2022 Assets Non-current assets Fixed Assets 2,443 2,480 Right-of-use assets 2,496 2,667 Capital work-in-progress 7 - Investments 1,483 1,003 Other non-current assets 1,396 1,207 Total non-current assets 7,825 7,358 Current assets
Slide 19: Consolidated Cash Flow
Consolidated Cash Flow INR in mn Period ended Year ended INR mn 30-Sep-22 31-Mar-22 Cash flow from operating activities Profit before tax 2,284 4,230 Operating profit before working capital changes 2,814 5,050 Movement in working capital (655) (450) Cash generated from operations 2,159 4,600 Net inc
Slide 20: Marketing Campaign "Taiyaar Ho Kar Aaiye"
Marketing Campaign “TAIYAAR HO KAR AAIYE” #TAIYAAR HO KAR AAIYE campaign by Manyavar is built around savoring the truest essence of a wedding in your own ethnicity, i.e. in your favorite Indian attire. TAP ON THE IMAGE TO WATCH THE VIDEO Vedant Fashions Limited • 20
Slide 21: Content
Content About Vedant Fashions 05 Key Investment Highlights/ Our Strengths 09 Our Growth Strategy 12 Q2 & H1 FY23 Update and Financial Performance 14 Financial Summary 21 21
Slide 22: Long Track Record of Strong Growth Trajectory
Long Track Record of Strong Growth Trajectory INR in mn Revenue & Sales of Customers Gross Profit1 EBITDA2 Sales of 11,355 12,652 8,362 14,736 Margins → 65.0% 65.3% 66.8% 66.9% Margins → 42.2% 43.6% 49.9% 50.1% Customers 10,408 6,958 5,213 9,155 5,980 8,007 5,203 3,988 3,380 5,648 3,771 2,817 FY 19
Slide 23: Awards and Accolades
Awards and Accolades 2018 2014 2020 2022 “Most Admired Retailer of the Year “Fastest Growing Company-maximum “Men’s Indianwear” Marketing & Promotions Campaign” turnover INR 300 crore” “Dream Employer of the Year” Images Excellence Award Images Retail Award ET Bengal Corporate Award World HRD Congre
Slide 24: Glossary
Glossary Term Description Company Vedant Fashions Limited The report titled “Assessment of the apparel industry with a special focus on Indian wedding and celebration wear market in India” dated Sep-2021 Crisil Report as updated by the addendum dated December 2021 prepared by CRISIL EBO Exclusive br
Slide 25: Thank You
Thank You Company : Investor Relations Advisors : Vedant Fashions Limited Orient Capital (a division of Link Group) CIN: L51311WB2002PLC094677 Mr. Rajesh Agrawal +91 99674 91495 Investor Relations Team rajesh.agrawal@linkintime.co.in investor.relations@manyavar.com Ms. Rasika Sawant www.vedantfashio