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Revenue
₹399 Cr
verification pending
Revenue YoY
8.7%
reported change
EBITDA
Pending
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Vedant Fashions reported Q4 FY26 revenue of ₹399 crore (+8.7% YoY) and PAT of ₹114 crore (+13% YoY), driven by a strong March and improved footfalls. Retail sales reached ₹561 crore (+7.8% YoY) with same-store sales growth of 4.6%. Management emphasized a focus on SSG over aggressive store expansion, with net retail area adding only 4,200 sq ft. Key initiatives include AI deployment, customer retention programs, and ASP improvement via mix upgrade. Risks include input cost inflation (50-150 bps impact), high rentals limiting store signings, and potential consumer sentiment weakness from macro uncertainty.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects majority of growth to come from same-store sales, with net store additions remaining modest.
- Plans to upgrade merchandise mix to drive average selling price higher without price hikes.
- Fabric cost inflation of 50-150 bps expected to be largely absorbed, with minimal gross margin impact.
- Management is actively discussing dividend policy and may provide concrete guidance next quarter.
Risks flagged
- Rentals in key markets are 30-40% above expectations, making it difficult to sign new stores at sustainable levels.
- Geopolitical tensions may increase fabric costs by 50-150 bps, though management expects minimal impact on gross margins.
- May 2026 has an extra month (Adhik Maas) considered inauspicious for weddings, potentially affecting Q1 revenue.
- Management noted consumer sentiment turned neutral after the war started in late Feb/early March, which could impact discretionary spending.
Key quotes
- Our goal is to work on everything that we can internally starting from working on footfalls by continuing to make campaigns similar to the ones we made with 'Made for Each Other'.
- The challenge fully lies in the current real estate market where rentals are so high that we want to actually sign stores that we are confident we can sustain for the next 12 to 15 years at the rental levels we are signing them on.
- I think AI will change the way retail companies function and we are making significant investments across the departments to enable agentic AI.
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