Vedant Fashions Limited · NSE:MANYAVAR
Vedant Fashions — Q1 FY25 Earnings Presentation
25 slides from Vedant Fashions's earnings presentation, Jul 29, 2024
Slide 1: Cover letter to stock exchanges
July 29, 2024 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 : Copy of I
Slide 2: Vedant Fashions Limited Investor Presentation - July 2024
Vedant Fashions Limited Investor Presentation - July 2024
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 (Men’s Listing on Stock Launch of started operations Bhubaneshwar 1,000 mn EBO (Women’s of Mebaz premium wear brand) Exchanges Exclusive via predecessor revenue Celebration Wear Moh
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: Q1 FY25 Key Highlights, Update and Financial Performance
Q1 FY25 Key Highlights, Update and Financial Performance
Slide 14: Company Key Performance Highlights
Company Key Performance Highlights • Q1 FY25 was one of a kind of exceptional period in the last decade, with extremely low/ negligible wedding dates throughout the quarter nationally, resulting it to behave like a Non -Wedding quarter; • We continued to maintain strong Gross Margin % of 67.7% along
Slide 15: Wide Pan-India Reach and Presence including International Markets
Wide Pan-India Reach and Presence including International Markets Presence (As of Jun 2024) 1.71 mn Sq. ft. 662 EBO’s Area* EBO’s* (Including 17 International (Including 39K area of Intl. EBO’s) Stores in 4 Countries) 263 Cities and towns globally (Including 13 International cities) Net Rollout (Q1
Slide 16: Key Retail Performance Overview and Financial Highlights (Consolidated)
Key Retail Performance Overview and Financial Highlights (Consolidated) Retail Performance INR in mn Q1 FY25 YoY Analysis (Sale of our Customers3) across Channels Q1 FY25 Vs Q1 FY24 Revenue from Operations Gross Profit1 & Gross Margin 66.8% Margins 67.7% ** -23.0% -21.9% -22.0% 3,116 4,215 2,398 2,0
Slide 17: Profit and Loss Statement Q1 FY25 (Consolidated)
Profit and Loss Statement Q1 FY25 (Consolidated) INR in mn Quarter ended Year ended Particulars Jun 30, 2024 Jun 30, 2023 31-Mar-24 (Unaudited) (Unaudited) (Audited) Sr.no Income: I Revenue from operations 2,398 3,116 13,675 II Other income 215 150 697 III Total income ( I + II ) 2,613 3,266 14,372
Slide 18: Manyavar – Wedding campaign for south and rest of India
Manyavar – Wedding campaign for south and rest of India, New short Kurta collection launch & store focussed influencer campaigns Social Campaigns New Collection Launch Wedding Campaign Thread Tales Influencer Marketing Influencer Marketing Vedant Fashions Limited • 17
Slide 19: Mohey Digital Campaigns
Mohey Digital Campaigns Influencer Collabs Real Brides Festive-wear Vedant Fashions Limited • 18
Slide 20: Brand building, PR, created content with influencers, stylist & models
Brand building, PR, created content with influencers, stylist & models Elle Coverage New Campaign Launch Global Spa Coverage Stylist content Influencer Collabs Vedant Fashions Limited • 19
Slide 21: Financial Summary
Financial Summary
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 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 23: 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 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 as updated Crisil Report by the addendum dated December 2021 prepared by CRISIL EBO Exclusive br
Slide 25: Vedant Fashions Limited Investor Relations contact
COMPANY : Vedant Fashions Limited CIN : L51311WB2002PLC094677 Investor Relations Team investor.relations@manyavar.com www.vedantfashions.com INVESTOR RELATIONS ADVISORS : Orient Capital (a division of Link Group) Mr. Nikunj Jain Mr. Viral Sanklecha +91 9769060608 +91 99871 23158 nikunj.jain@linkinti