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Vedant Fashions Ltd

Q3 FY25Retailing

Vedant Fashions Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹544
Market cap₹12.3K Cr
P/E31.8
Updated23 Aug 2026
Read4 min read

The short version

Vedant Modi projects stable to moderate growth influenced by macro factors and rental market trends. Vedant Fashions reported industry-leading gross margins (~67.3% in Q3 FY25) and healthy EBITDA margins (~47.4%), indicating strong profitability potential.

From Vedant Fashions Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Vedant Modi projects stable to moderate growth influenced by macro factors and rental market trends.
  • The company aims for steady retail area expansion (~170,000-180,000 sq ft annually), but pace depends on rental inflation stabilizing.
  • Longer-term outlook is positive with strong store pipeline and focus on profitable openings once rental costs ease.
  • Wedding events expected around 1 crore per year (2 crores over 2 years), providing a solid demand base.
  • However, quarterly wedding demand can shift without clear data, making short-term forecasting challenging.
  • Growth in Tier 2 and Tier 3 cities continues to outperform metros by ~5%.
  • ASP growth is modest (~1-1.5%), with growth at premium and value ends; middle segment needs revival.

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Profitability & Margins

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Capital Expenditure Plans

  • Vedant Fashions plans to open a decent amount of new store space this year, targeting about 170,000 to 180,000 square feet of gross new openings.
  • Store openings are currently cautious due to rental inflation and the long-term nature (9-12 years) of lease commitments.
  • The company is selectively opening stores in markets where rental prices are reasonable, awaiting stabilization of rental costs before more aggressive expansion.
  • The medium to long-term goal remains stable store expansion, with a strong pipeline of desired locations ready.

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Top-ranked in Retailing

Ranked on what management guided this quarter

Guidance-ranked
1V2 Retail Ltd
Rev 1Mar 3
2Rentomojo Ltd
Rev 1Mar 3
3
Rev 2Mar 2
4
Rev 2Mar 2
5
Rev 2Mar 4
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • The transcript does not explicitly mention the current or expected order book or pending orders for Vedant Fashions Limited.
  • However, regarding expansion plans, Vedant Modi mentioned the company has a strong pipeline for store openings but is cautious due to rental inflation.
  • They are selectively opening stores where rental prices are comfortable, indicating ongoing commitments in expansion.
  • The company added approximately 50,000 square feet of net retail area in Q3 FY '25, with a total EBO area of 1.75 million square feet across 666 stores globally.

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Vedant Fashions Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹399 Cr, net profit ₹114 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Vedant Fashions Ltd Q3 FY25 results?

Vedant Modi projects stable to moderate growth influenced by macro factors and rental market trends. Vedant Fashions reported industry-leading gross margins (~67.3% in Q3 FY25) and healthy EBITDA margins (~47.4%), indicating strong profitability potential.

What is Vedant Fashions Ltd share price analysis?

Vedant Fashions Ltd currently shows a neutral. The stock trades at a P/E of 31.8 with a market cap of ₹12,255 Cr. Investors should review the full earnings analysis for detailed insights.

Is Vedant Fashions Ltd planning capital expenditure?

Vedant Fashions plans to open a decent amount of new store space this year, targeting about 170,000 to 180,000 square feet of gross new openings.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.