Vedant Fashions Limited · NSE:MANYAVAR
Vedant Fashions — H1 FY27 Earnings Presentation
31 slides from Vedant Fashions's earnings presentation, November 2026
Slide 1: Vedant Fashions Limited Investor Presentation - Nov 2026
Vedant Fashions Limited Investor Presentation - Nov 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 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 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 FY27 Key Highlights, Update and Financial Performance
Q2 and H1 FY27 Key Highlights, Update and Financial Performance
Slide 13: Company Key Performance Highlights
Company Key Performance Highlights • The Company reported growth in Revenue from Operations by +2.4% in Q2 FY27 and +4.8% in H1 FY27 as compared to Q2 and H1 FY26; • The Company continued to report industry-leading Gross Margin of 65.3 % in H1 FY27; • During H1 FY27, the Company reported PAT growth
Slide 14: Wide Retail Pan-India Reach and Presence
Wide Retail Pan-India Reach and Presence Presence (As of Sep 2026) 1.67 mn Sq. ft. 497 EBO’s Area* EBO’s* 202 Cities and towns in India Net Rollout (Q2 FY27) + 4.9 k sq. ft. EBO’s Area * Note: 1.* Domestic EBO’s Area and count (excluding SIS Stores and International Stores); Vedant Fashions Limited
Slide 15: Vedant Fashions Limited • 15
Vedant Fashions Limited • 15
Slide 16: Key Financial Highlights
Key Financial Highlights INR in mn Q2 FY27 YoY Analysis Revenue from Operations Gross Profit1 & Gross Margin EBITDA2 & EBITDA Margin PAT & PAT Margin Margins → 65.2% 64.9% Margins → 42.9% 39.9% Margins → 21.3% 20.9% +2.4% +1.8% -4.8% 2,632 2,694 +0.2% 1,716 1,747 1,129 1,075 561 562 Q2 FY’26 Q2 FY’2
Slide 17: Key Retail Performance Overview
Key Retail Performance Overview INR in mn Retail Performance Vs Q2 & H1 FY27 (Sale of our Customers1) across Channels Q2 FY’27 Vs Q2 FY’26 H1 FY’27 Vs H1 FY’26 +0.6% +2.1% 3,515 7,551 7,710 3,494 Q2 FY’26 Q2 FY’27 H1 FY’26 H1 FY’27 VFL recorded domestic SSSG2 of -5.8%* in Q2 FY27 over Q2 FY26 VFL re
Slide 18: Profit and Loss Statement Q2 and H1 FY27
Profit and Loss Statement Q2 and H1 FY27 INR in mn Quarter ended Half Year ended Year ended Particulars Sep 30, 2026 Sep 30, 2025 Sep 30, 2026 Sep 30, 2025 31-Mar-26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Sr.no Income: I Revenue from operations 2,694 2,632 5,707 5,443 14,355 II Ot
Slide 19: Balance Sheet as at September 30, 2026
Balance Sheet as at September 30, 2026 INR in mn Particulars As at September As at 30, 2026 March 31, 2026 (Unaudited) (Audited) Assets Non-current assets Fixed Assets (Tangible and Intangibles) 2,272 2,373 Right-of-use assets 3,741 4,222 Capital work-in-progress 5 Investments 7,048 6,884 Other non-
Slide 20: Cash flow Statement for the period ended September 30, 2026
Cash flow Statement for the period ended September 30, 2026 INR in mn Half Year Year ended Period ended March 31, 2026 Particulars September 30, 2026 (Unaudited) (Audited) Cash flow from operating activities Profit before tax 1,797 4,959 Operating profit before working capital changes 2,388 6,322 Mo
Slide 21: Manyavar - Mohey Campaign Made for Each Other
Manyavar - Mohey Campaign “Made for Each Other” featuring Rashmika and Vijay Vedant Fashions Limited • 21
Slide 22: Manyavar: Driving consideration with new collections & wedding professionals
Manyavar: Driving consideration with new Fashionable collections & association with Wedding industry Professionals Quiet Luxury Collection The After Hours Collection Wedding Ambassador Program Vedant Fashions Limited • 22
Slide 23: Mohey: Driving Brand consideration with campaigns & Influencer associations
Mohey: Driving Brand consideration with Fashionable brand campaigns & Influencer associations Made for Moments Campaign Influencer association – Wedding Sutra Vedant Fashions Limited • 23
Slide 24: Twamev: Continued Truly You Proposition With Product Is King Storytelling
Twamev: Continued Twamev's "Truly You" Proposition With "Product Is King" Storytelling Dear Forever Couture Orry Fashion Walk Nandi Sister Collab Vedant Fashions Limited • 24
Slide 25: Celebration and Festive Wear Brand
Celebration and Festive Wear Brand Diwas X Flipkart Fashion collab ft. Bua Bouncer Vedant Fashions Limited • 25
Slide 26: 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 Driving Engagement Through All-Occasion Celebration Wear Vedant Fashions Limited • 26
Slide 27: Financial Summary
Financial Summary
Slide 28: 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 29: 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 30: 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 31: 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