Gross margin target of 65%+
Management reiterated confidence in achieving gross margins above 65% going forward, with GST impact expected to normalize.
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Vedant Fashions · forward-looking guidance across the available source record.
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What management said would happen.
margins
Store expansion normalization in 2-3 quarters
Management expects the current consolidation phase to end in the next 2-3 quarters, after which store additions will resume at a normalized pace.
Accelerate To brand store expansion
Management plans to scale the premium To brand faster in the near future, given its strong performance.
SSG to be primary growth driver in FY27
Management expects majority of growth to come from same-store sales, with net store additions remaining modest.
ASP improvement target of 3-3.5% per category
Plans to upgrade merchandise mix to drive average selling price higher without price hikes.
Gross margin impact from input inflation limited to 10-15 bps
Fabric cost inflation of 50-150 bps expected to be largely absorbed, with minimal gross margin impact.
Capital allocation policy update by next earnings call
Management is actively discussing dividend policy and may provide concrete guidance next quarter.