Vedant Fashions (MANYAVAR) Q1 FY27 Highlights: **Business Performance:** Strong Q1!

Retail Sales for customers rose 3.4% YoY.

Revenue from operations jumped 7.2% to ₹301.4 Cr.

Profit After Tax (PAT) surged 14.7% to ₹80.6 Cr, showing a solid 26.7% PAT margin.

Domestic Same-Store Sales Growth (SSSG) was a healthy 3.8%, and Gross Margin remains strong at 65.7%. **Growth Drivers/Strategy:** The company is expanding its diverse brand portfolio (Manyavar, Mohey, Twamev) with a focus on up-selling and cross-selling.

Strategies include further retail expansion in India and abroad, backed by tech-driven supply chains and targeted marketing, all while maintaining an asset-light, no-discount model for Manyavar.

Management sees a multi-decade growth runway in the category. **Recent Developments:** Vedant Fashions surpassed ₹2,000 Cr in Retail Sales in FY26. As of June 2026, it boasts 501 Exclusive Brand Outlets (EBOs) across 205 Indian cities.

Notably, Q1 FY27 saw a slight net reduction of 15.1K sq. ft. in domestic EBO area.