Vedant Fashions Limited · NSE:MANYAVAR
Vedant Fashions — H1 FY25 Earnings Presentation
29 slides from Vedant Fashions's earnings presentation, Oct 30, 2024
Slide 1: Vedant Fashions Limited Investor Presentation - Oct 2024
Vedant Fashions Limited Investor Presentation - Oct 2024
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: About Vedant Fashions
About Vedant Fashions >:
Slide 4: Introduction to Vedant Fashions
Introduction to Vedant Fashions Indian Wedding and Celebration Wear Brands 01 02 03 04 Headquartered in Kolkata, incorporated in One-stop destination with wide product Largest company in India in men’s Indian Omni-channel network of EBOs, MBOs, LFS 2002 by Mr. Ravi Modi, Vedant Fashions portfolio fo
Slide 5: What makes VFL Special
What makes VFL Special Aspirational Yet Value for Money Curated Marketing Strategy with Multi Channel Presence o Aspirational Brand with Aristocratic & seamless customer experience o Emotional connect with theme-based campaigns o Uniform pricing across online & offline channels in India o Celebrity
Slide 6: Evolution Over the Years
Evolution Over the Years Launch of Brand Manyavar 1st EBO in Surpassed >INR Launched Mohey Strategic Acquisition Launched Twamev (Men’s Listing on Stock Exclusive Mohey started operations Bhubaneshwar 1,000 mn EBO (Women’s of Mebaz premium wear brand) Exchanges Flagship EBO; via predecessor revenue
Slide 7: Key Investment Highlights/ Our Strengths
Key Investment Highlights/ Our Strengths
Slide 8: Key Investment Highlights/ Our Strengths
Key Investment Highlights/ Our Strengths 01 02 Market leader in Indian celebration 03 Unique business model combining Large & growing Indian wedding & asset-light brand play along with wear market with diversified brand celebration wear market driven by an seamless purchase experience; no portfolio
Slide 9: Diversified Brand Portfolio Catering to Aspirations of Entire Family
Diversified Brand Portfolio Catering to Aspirations of Entire Family Brands Year Target Group Price Spectrum Distribution Product Portfolio Key Attributes Men: Kurta, Indo-western, Sherwani, o Category leader in branded Indian wedding & celebration EBOs, MBOs, LFS, jacket, accessories, Jodhpuri wear
Slide 10: Our Growth Strategy
Our Growth Strategy >:
Slide 11: Our Growth Strategy
Our Growth Strategy Retail Expansion within Up-selling and cross- Enhancement of brand Significant potential and Disciplined approach and outside India selling initiatives appeal through targeted space for growth of our towards acquisitions marketing initiatives emerging brands Vedant Fashions Limit
Slide 12: Q2 and H1 FY25 Key Highlights, Update and Financial Performance
Q2 and H1 FY25 Key Highlights, Update and Financial Performance
Slide 13: Company Key Performance Highlights
Company Key Performance Highlights • Company has successfully launched new Festive, and celebration wear focused Brand • During Q2 FY25, Retail Sales (i.e, Sale of our Customers) grew by +23.9% as compared to Q2 FY24; • During Q2 FY25, Company’s SSSG grew by +17.3% as compared to Q2 FY24; • Company
Slide 14: Wide Pan-India Reach and Presence including International Markets
Wide Pan-India Reach and Presence including International Markets Presence (As of H1 FY25) 1.70 mn Sq. ft. 650 EBO’s Area* EBO’s* (Including 16 International (Including 38K area of Intl. EBO’s) Stores in 4 Countries) 255 Cities and towns globally (Including 12 International cities) Net Rollout (Q2 F
Slide 15: Key Financial Highlights (Consolidated)
Key Financial Highlights (Consolidated) INR in mn Q2 FY25 YoY Analysis Revenue from Operations Gross Profit 1 & Gross Margin EBITDA2 & EBITDA Margin PAT & PAT Margin Margins → 66.4% 67.9% Margins → 43.7% 45.4% Margins → 22.3% 25.0% +22.7% +25.5% +27.5% 2,679 +37.3% 1,820 1,217 2,183 1,450 954 669 48
Slide 16: Key Retail Performance Overview
Key Retail Performance Overview INR in mn Retail Performance Vs Q2 & H1 FY25 (Sale of our Customers1) across Channels Q2 FY’25 Vs Q2 FY’24 H1 FY’25 Vs H1 FY’24 +23.9% ** 3,341 -4.0% 6,912 6,634 2,697 Q2 FY’24 Q2 FY’25 H1 FY’24 H1 FY’25 VFL recorded SSSG2 of -10.6% ** in H1 FY25 over H1 FY24 VFL reco
Slide 17: Profit and Loss Statement Q2 and H1 FY25 (Consolidated)
Profit and Loss Statement Q2 and H1 FY25 (Consolidated) INR in mn Quarter ended Half Year ended Year ended Particulars Sep 30, 2024 Sep 30, 2023 Sep 30, 2024 Sep 30, 2023 31-Mar-24 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Sr.no Income: I Revenue from operations 2,679 2,183 5,078 5,2
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet INR in mn As at As at Particulars September 30, 2024 March 31, 2024 (Unaudited) (Audited) Assets Non-current assets Fixed Assets (Tangible and Intangibles) 2,356 2,368 Right-of-use assets 4,415 4,267 Investments 950 3,549 Other non-current assets 1,307 986 Total non-curren
Slide 19: Consolidated Cash flow Statement
Consolidated Cash flow Statement INR in mn Half Year Year ended Period ended March 31, 2024 Particulars 9/30/2024 (Unaudited) (Audited) Cash flow from operating activities Profit before tax 1,733 5,484 Operating profit before working capital changes 2,359 6,630 Movement in working capital (916) (498
Slide 20: Mohey "Wedding Wear" Campaign
Mohey “Wedding Wear” Campaign Please click to play the Video Vedant Fashions Limited • 20
Slide 21: Manyavar Wedding Campaign
Manyavar Wedding Campaign Please click to play the Video Vedant Fashions Limited • 21
Slide 22: Twamev "Truly You"
Twamev “Truly You” Vedant Fashions Limited • 22
Slide 23: Launch of Celebration and Festive Wear Brand "Diwas"
Launch of Celebration and Festive Wear Brand “Diwas” Vedant Fashions Limited • 23
Slide 24: Mebaz Wedding Campaign "You Are The Occasion"
Mebaz Wedding Campaign “You Are The Occasion" Please click to play the Video Vedant Fashions Limited • 24
Slide 25: Financial Summary
Financial Summary
Slide 26: 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 Customer Margins Margins 12,652 8,362 14,736 18,614 18,527 65.3% 66.8% 66.9% 67.4% 67.2% 43.6% 49.9% 50.1% 50.1% 48.6% 13,549 13,675 9,126 9,186 6,783 6,643 10,408 6,958 5,213 9,155 5,
Slide 27: Awards and Accolades
Awards and Accolades 2024 2015 2021 2019 “India Retail Champions Award” “National Retailer of the Year” “Transformational Contribution to Indian 4th Annual Indian Retail & Indian eRetail RAI Category “Most Admired Retailer of the year Apparel and Retail Industry” Awards Apparel & Lifestyle category
Slide 28: 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 as updated Crisil Report by the addendum dated December 2021 prepared by CRISIL EBO Exclusive br
Slide 29: Vedant Fashions Limited Investor Relations
COMPANY : Vedant Fashions Limited CIN : L51311WB2002PLC094677 Investor Relations Team investor.relations@manyavar.com investor.relations@manyavar.com www.vedantfashions.com www.vedantfashions.com INVESTOR RELATIONS ADVISORS : Orient Capital (a division of Link Group) Mr. Nikunj Jain Mr. Viral Sankle