Vedant Fashions reported customer sales of INR 3,494 million in Q2 FY26, a 4.6% increase year-over-year. Operations were impacted by GST rate changes, but have since normalized. H1 FY26 saw customer sales of INR 7,551 million, up 13.8%, with SSG at 8.2%. The company opened new international stores and focused on strategic marketing initiatives. Management remains optimistic about long-term growth and is committed to enhancing customer experience.
Q2 FY26 Financial Highlights
During Q2 FY26, Vedant Fashions achieved customer sales of INR 3,494 million, representing a growth of 4.6% compared to Q2 FY25. The company experienced operational transitions due to GST rate rationalization, effective from September 22, 2025. Despite temporary dispatch disruptions, operations have normalized, enhancing long-term efficiency. The reported revenue from operations was approximately INR 263 crores, and the profit after tax stood at around INR 56 crores.
H1 FY26 Performance
In the first half of FY26, Vedant Fashions reported customer sales of INR 7,551 million, reflecting a growth of 13.8%. Same-store growth (SSG) for H1 FY26 was 8.2% compared to H1 FY25. The company continued to report industry-leading gross margins of around 66.1%, with a healthy EBITDA margin of approximately 43%. The profit after tax for H1 FY26 was around INR 126 crores.
Strategic Initiatives and Expansion
Vedant Fashions pursued a focused approach to expansion, prioritizing strategic store openings. The company also strengthened its international presence with two new stores in Australia and the UAE. As of September 2025, the company’s EBO footprint stands at 1.79 million square feet across 671 stores in 257 cities and towns globally. Key marketing initiatives were deployed across multiple brands and channels, enhancing brand visibility and consumer engagement.
Brand Performance and Future Outlook
Manyavar reinforced its category leadership through impactful campaigns, while Mohey focused on celebrating diverse shades and strengthening its market position. Twamev continued to build momentum through curated experimental activations. Vedant Fashions aims to enhance customer experience through various initiatives, including retail training, data-led merchandising, and omnichannel integrations. The company remains committed to driving long-term growth and reinforcing its position as a leader in the wedding and celebration wear market.
Source: BSE
