Vedant Fashions Limited · NSE:MANYAVAR
Vedant Fashions — Q4 FY26 Earnings Presentation
36 slides from Vedant Fashions's earnings presentation, May 8, 2026
Slide 1: Submission of Investor Presentation to NSE and BSE
May 08, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C-1, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400051 Mumbai – 400001 NSE Symbol: MANYAVAR BSE Scrip Code: 543463 Madam / Sir, Sub : Submission
Slide 2: Vedant Fashions Limited Investor Presentation - May 2026
Vedant Fashions Limited Investor Presentation - May 2026
Slide 3: 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 4: About Vedant Fashions
About Vedant Fashions >:
Slide 5: 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 6: 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 7: Evolution Over the Years
Evolution Over the Years Brand Manyavar 1st EBO in Surpassed >INR Launched Mohey Strategic Acquisition Launched Twamev Listing on Stock Launch of Exclusive started operations Bhubaneshwar 1,000 mn EBO (Women’s of Mebaz (Men’s premium wear Exchanges Mohey Flagship EBO; via predecessor revenue Celebra
Slide 8: Key Investment Highlights/ Our Strengths
Key Investment Highlights/ Our Strengths
Slide 9: 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 10: 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 11: Our Growth Strategy
Our Growth Strategy >:
Slide 12: 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 13: Q4 and FY26 Key Highlights, Update and Financial Performance
Q4 and FY26 Key Highlights, Update and Financial Performance
Slide 14: Company Key Performance Highlights
Company Key Performance Highlights • During Q4 FY26, Retail Sales (i.e, Sale of our Customers) grew by +7.8% as compared to Q4 FY25, while SSSG grew by +4.6% in Q4 FY26 compared to Q4 FY25; • During FY26, the company achieved a important milestone, crossing Rs. 20 billion in Retail Sales (i.e, Sale
Slide 15: Wide Pan-India Reach and Presence including International Markets
Wide Pan-India Reach and Presence including International Markets Presence (As of FY26) Net Rollout (Q4 FY26) Net Rollout (FY26) 1.79 mn sq. ft. 1.5 k sq. ft. 4.2 k sq. ft. EBO’s Area* EBO’s Area EBO’s Area (Including 39K area of Intl. Stores in 5 Countries) 669 5 EBO’s* (Including 17 Intl. EBO’s) E
Slide 16: Vedant Fashions Limited • 15
Vedant Fashions Limited • 15
Slide 17: Vedant Fashions Limited • 16
Vedant Fashions Limited • 16
Slide 18: Key Financial Highlights
Key Financial Highlights INR in mn Q4 FY26 YoY Analysis Revenue from Operations Gross Profit1 & Gross Margin EBITDA2 & EBITDA Margin PAT & PAT Margin Margins → 66.2% 65.0% Margins → 45.6% 45.6% Margins → 27.5% 28.6% +8.7% +8.7% +6.8% +13.0% 3,674 3,994 1,822 2,432 2,597 1,676 1,143 1,011 Q4 FY’25 Q4
Slide 19: Key Retail Performance Overview
Key Retail Performance Overview INR in mn Retail Performance Q4 & FY26 (Sale of our Customers1) across Channels Q4 FY’26 Vs Q4 FY’25 FY’26 Vs FY’25 +7.8% +6.1% 5,612 20,081 5,207 18,929 Q4 FY’25 Q4 FY’26 FY’25 FY’26 VFL recorded SSSG2 of +4.6% in Q4 FY26 over Q4 FY25 VFL recorded SSSG2 of +2.7% in F
Slide 20: Profit and Loss Statement Q4 and FY26
Profit and Loss Statement Q4 and FY26 INR in mn Quarter ended Year ended Year ended Particulars Mar 31, 2026 Mar 31, 2025 31-Mar-26 31-Mar-25 (Unaudited) (Unaudited) (Audited) (Audited) Sr.no Income: I Revenue from operations 3,994 3,674 14,355 13,865 II Other income 263 221 935 852 III Total income
Slide 21: Balance Sheet as at March 31, 2026
Balance Sheet as at March 31, 2026 INR in mn As at As at Particulars March 31, 2026 March 31, 2025 (Audited) (Audited) Assets Non-current assets Fixed Assets (Tangible and Intangibles) 2,373 2,329 Right-of-use assets 4,222 4,550 Investments 6,884 3,421 Other non-current assets 1,151 1,102 Total non-
Slide 22: Cash Flow Statement for the year ended March 31, 2026
Cash Flow Statement for the year ended March 31, 2026 INR in mn Year ended Year ended Particulars March 31, 2026 March 31, 2025 (Audited) (Audited) Cash flow from operating activities Profit before tax 4,959 5,195 Operating profit before working capital changes 6,322 6,456 Movement in working capita
Slide 23: Manyavar - Mohey Campaign "Made for Each Other" featuring Rashmika and Vijay
Manyavar - Mohey Campaign “Made for Each Other” featuring Rashmika and Vijay A person carrying a person on his back AI-generated content may be incorrect. “The most engaged branded ad globally on Instagram with 11 mn likes, 35.2K comments,73.5K reposts and 461K shares” with a staggering view count o
Slide 24: Manyavar - Mohey Campaign "Made for Each Other" featuring Rashmika and Vijay
Manyavar - Mohey Campaign “Made for Each Other” featuring Rashmika and Vijay A person and person in traditional indian attire AI-generated content may be incorrect. “The most engaged branded ad globally on Instagram with 11 mn likes, 35.2K comments,73.5K reposts and 461K shares” with a staggering vi
Slide 25: "The Manyavar Shaadi Show" featuring Pulkit, Kriti, Devika
“The Manyavar Shaadi Show” featuring Pulkit, Kriti, Devika A group of people sitting in chairs in a room with flowers AI-generated content may be incorrect. Vedant Fashions Limited • 24
Slide 26: "The Manyavar Shaadi Show" featuring Mohan sisters
“The Manyavar Shaadi Show” featuring Mohan sisters (Shakti, Neeti, and Mukti Mohan) A group of women in pink dresses sitting on chairs in front of a person AI-generated content may be incorrect. Vedant Fashions Limited • 25
Slide 27: Manyavar: Building Visibility & Consumer Connection Through Brand Initiatives
Manyavar: Building Visibility & Consumer Connection Through Strategically Integrated Brand Initiatives Made for Each Other campaign The Manyavar Shaadi Social media campaign The Aranya Collection Ft. Vijay & Rashmika Show Ft. Karan Johar Ft. Rinku & Priya Launch Vedant Fashions Limited • 26
Slide 28: Mohey: Integrated Marketing Initiatives Driving Awareness and Engagement
Mohey: Integrated Marketing Initiatives Driving Awareness, Engagement, And Product Visibility A person in a red and gold dress AI-generated content may be incorrect. Made for Each Other Driving bridal lehenga Expanding colour range Elevating aspiration via Campaign driving cultural uptake perception
Slide 29: Twamev: "TRULY YOU" Campaign Collections
Twamev: Built Twamev's Luxury Legacy By Launching Four Distinctive "TRULY YOU" Campaign Collections A group of people posing for a photo AI-generated content may be incorrect. The Twilight Gala The drop Collection The Chord EverAfter Collection Collection Launch Collection Launch Vedant Fashions Lim
Slide 30: Celebration and Festive Wear Brand "Diwas"
Celebration and Festive Wear Brand “Diwas” Influencer X Diwas X Marketplace Blinkit Diwali Campaign – Diwali Campaign Holi Campaign (Myntra) Spotlight Ad Vedant Fashions Limited • 29
Slide 31: Mebaz: Expanding the Brand from Wedding to All-Occasion Wear
Mebaz: Redefining and expanding the Brand from Wedding to Celebrations & All - Occasion wear OOH Campaign Influencer & stylist Driving Engagement content Through All-Occasion Celebration Wear Vedant Fashions Limited • 30
Slide 32: Financial Summary
Financial Summary
Slide 33: 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 14,736 18,614 18,527 18,929 20,081 66.9% 67.4% 67.2% 67.2% 65.7% 50.1% 50.1% 48.6% 46.6% 44.3% 9,126 9,186 9,315 9,425 6,783 6,643 6,464 6,357 13,549 13,675 13
Slide 34: 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 35: 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 36: Thank You
COMPANY : Vedant Fashions Limited CIN : L51311WB2002PLC094677 Investor Relations Team investor.relations@manyavar.com www.vedantfashions.com INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Mr. Nikunj Jain