Vedant Fashions Limited · NSE:MANYAVAR
Vedant Fashions — Q3 FY26 Earnings Presentation
33 slides from Vedant Fashions's earnings presentation, Feb 13, 2026
Slide 1: Vedant Fashions Limited Investor Presentation - Feb 2026
Vedant Fashions Limited Investor Presentation - Feb 2026
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: Q3 and 9M FY26 Key Highlights, Update and Financial Performance
Q3 and 9M FY26 Key Highlights, Update and Financial Performance
Slide 13: Company Key Performance Highlights
Company Key Performance Highlights • During 9M FY26, Retail Sales (i.e, Sale of our Customers) grew by +5.4% as compared to 9M FY25, while SSSG grew by +1.8%; • The Company continued to report industry-leading Gross Margin of 65.7 % in Q3 FY26 and 65.9% in 9M FY26, with a PAT margin of 27.4% in Q3 F
Slide 14: Wide Pan-India Reach and Presence including International Markets
Wide Pan-India Reach and Presence including International Markets Presence (As of YTD Dec FY26) Net Rollout (Q3 FY26) Net Rollout (9M FY26) 1.79 mn sq. ft. 5.5 k sq. ft. 2.7 k sq. ft. EBO’s Area* EBO’s Area EBO’s Area (Including 38K area of Intl. Stores in 5 Countries) 664 EBO’s* (Including 16 Intl.
Slide 15: Vedant Fashions Limited • 15
Vedant Fashions Limited • 15
Slide 16: Key Financial Highlights
Key Financial Highlights INR in mn Q3 FY26 YoY Analysis Revenue from Operations Gross Profit1 & Gross Margin EBITDA2 & EBITDA Margin PAT & PAT Margin Margins → 67.3% 65.7% Margins → 47.4% 44.6% Margins → 30.9% 27.4% -3.8% -6.1% -9.6% -14.6% 5,113 4,917 3,439 3,230 2,424 2,192 1,580 1,349 Q3 FY’25 Q3
Slide 17: Key Retail Performance Overview
Key Retail Performance Overview INR in mn Retail Performance Vs Q3 & 9M FY26 (Sale of our Customers1) across Channels Q3 FY’26 Vs Q3 FY’25 9M FY’26 Vs 9M FY’25 -2.4% +5.4% 7,088 6,919 14,470 13,722 Q3 FY’25 Q3 FY’26 9M FY’25 9M FY’26 VFL recorded SSSG2 of -4.5% in Q3 FY26 over Q3 FY25 VFL recorded S
Slide 18: Profit and Loss Statement Q3 and 9M FY26
Profit and Loss Statement Q3 and 9M FY26 INR in mn Quarter ended Nine Month ended Year ended Particulars Dec 31, 2025 Dec 31, 2024 Dec 31, 2025 Dec 31, 2024 31-Mar-25 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Sr.no Income: I Revenue from operations 4,917 5,113 10,361 10,190 13,865 II
Slide 19: Strengthened Wedding Authority Via Owned IP "The Manyavar Shaadi Show" 6 Episodes
Strengthened Wedding Authority Via Owned IP “The Manyavar Shaadi Show” 6 Episodes Vedant Fashions Limited • 19
Slide 20: "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 • 20
Slide 21: "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 • 21
Slide 22: "The Manyavar Shaadi Show" featuring Yasmin, Neha, Aadar & Alekha
“The Manyavar Shaadi Show” featuring Yasmin, Neha, Aadar & Alekha A group of people sitting in chairs AI-generated content may be incorrect. Vedant Fashions Limited • 22
Slide 23: "The Manyavar Shaadi Show" featuring Komal Pandey, Anisha & Kajol
“The Manyavar Shaadi Show” featuring Komal Pandey, Anisha & Kajol A group of people sitting in chairs and a microphone AI-generated content may be incorrect. Vedant Fashions Limited • 23
Slide 24: Promoted New Wedding Collections With Celebrity Stylist, Influencer Partnerships
Promoted New Wedding Collections With Celebrity Stylist, Influencer Partnerships A person standing in front of a rack of clothes A group of people in traditional attire AI-generated content may be incorrect. AI-generated content may be incorrect. Influencer Activity Celebrity Stylist New Wedding Col
Slide 25: Mohey "Rang Do Campaign" celebrating every shade of "Mohey"
Mohey “Rang Do Campaign” celebrating every shade of “Mohey” with new wedding collection A group of women in dresses A group of women in traditional indian dresses A person in a dress AI-generated content may be incorrect. AI-generated content may be incorrect. AI-generated content may be incorrect.
Slide 26: Twamev: Evolving the "Truly You" proposition
Twamev: Evolving the “Truly You” proposition with Product-Led & Experiential Narratives Everafter Collection Launch The drop Collection Launch Influencer Activation Vedant Fashions Limited • 26
Slide 27: Celebration and Festive Wear Brand "Diwas"
Celebration and Festive Wear Brand “Diwas” Influencer X Diwas X Marketplace Blinkit Diwali Campaign – Diwali Campaign Bhai Dooj Campaign (Myntra) Spotlight Ad Vedant Fashions Limited • 27
Slide 28: Mebaz: Redefining and expanding the Brand from Wedding to Celebrations
Mebaz: Redefining and expanding the Brand from Wedding to Celebrations & All - Occasion wear OOH Campaign Influencer & stylist content Vedant Fashions Limited • 28
Slide 29: Financial Summary
Financial Summary
Slide 30: 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 8,362 14,736 18,614 18,527 18,929 66.8% 66.9% 67.4% 67.2% 67.2% 49.9% 50.1% 50.1% 48.6% 46.6% 13,549 13,675 13,865 9,126 9,186 9,315 6,783 6,643 6,464 10,408 6
Slide 31: 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 32: 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 33: 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