Vedant Fashions Q2 FY27 Results: Standalone Net Profit ₹56.22 Crore on Total Income of ₹293 Crore
- Earnings
- branded apparel and accessories
Reviewed byKeshav SehgalBlacklitt Research
Vedant Fashions (NSE: MANYAVAR) reported standalone total income of ₹292.66 crore and net profit of ₹56.22 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. The results are unaudited and were approved by the Board on 5 Nov 2026.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹292.66 crore, up 3.4% YoY and down 11.6% QoQ
- Net profit and EPS: Net profit ₹56.22 crore, up 0.2% YoY and down 30.3% QoQ; basic EPS ₹2.31
- Finance costs: ₹12.81 crore, down 14.4% YoY and 1.1% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 292.66 | 283.07 | +3.4% | 331.06 | -11.6% | |
| Revenue from operations | 269.37 | 263.15 | +2.4% | 301.37 | -10.6% |
| Other income | 23.29 | 19.92 | +16.9% | 29.69 | -21.6% |
| 56.22 | 56.08 | +0.2% | 80.61 | -30.3% | |
| Finance costs | 12.81 | 14.97 | -14.4% | 12.95 | -1.1% |
| Depreciation | 41.41 | 41.69 | -0.7% | 42.20 | -1.9% |
| Tax expense | 17.91 | 17.96 | -0.3% | 24.92 | -28.1% |
| Net profit margin | 19.21% | 19.81% | -0.60 pp | 24.35% | -5.14 pp |
| Tax as share of profit before tax | 24.2% | 24.3% | -0.10 pp | 23.6% | +0.55 pp |
| EPS, basic (₹) | 2.31 | 2.31 | 0.0% | 3.32 | -30.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit was almost flat against the year-earlier quarter while total income rose 3.4%. Profit before tax of ₹74.13 crore was up 0.1% on ₹74.04 crore, and tax of ₹17.91 crore was 24.2% of profit before tax, close to the 24.3% of a year earlier. Net profit margin fell to 19.21% from 19.81%.
Other income of ₹23.30 crore made up 31.4% of profit before tax this quarter, while revenue from operations of ₹269.37 crore grew more slowly at 2.4%. Other income is a larger share of the total than a year earlier, and the filing does not give a breakdown of its sources.
Finance costs of ₹12.81 crore were 4.4% of total income, against a lower year-earlier charge of ₹14.97 crore. Depreciation was ₹41.41 crore, close to ₹41.69 crore a year earlier.
Compared with the June 2026 quarter, total income fell 11.6% and net profit fell 30.3%. Tax as a share of profit before tax was 24.2%, against 23.6% in the June quarter.
Inference
The filing reports unaudited results with a limited review by the statutory auditor, B S R & Co. LLP, which found nothing to indicate the statement was not prepared under the applicable accounting standards.
Other financial assets at 30 Sep 2026 include ₹189.00 crore of proceeds receivable from redemption of mutual fund investments, which the filing says were received in the bank account on 1 Oct 2026.
The filing does not give the reason for the fall in revenue from operations from the June 2026 quarter or for the fall in finance costs against the year-earlier quarter, and it does not say whether any dividend has been declared for the current period.
Filed with BSE on . Reference: Original filing (PDF)
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