Vedant Fashions Q1 Results Total Revenue ₹2,604 crores & PAT ₹619 crores

Vedant Fashions Q1 Results

Vedant Fashions made INR 2,604.23 million from operations in the three months ending June 30, 2024 for income. This is lower compared to INR 3,859.62 million from the previous quarter (March 31, 2024) and the year before. However, over the full year, Vedant Fashions earned a total of INR 14,331.35 million in revenue.

Vedant Fashions’ expenses, which include things like materials, employee benefits, and depreciation, totaled INR 1,778.88 million for the June quarter, showing a decline compared to March 31, 2024.

After paying all its expenses, Vedant Fashions earned a profit before tax of INR 825.35 million in the latest quarter. After accounting for taxes, the final profit after tax was INR 619.48 million. Although this is less than what they earned in the previous quarter, it still shows that the company made significant profits.

Vedant Fashions had a small amount of other comprehensive income (gains or losses not related to day-to-day operations), which brought the total comprehensive income to INR 626.34 million for the June 2024 quarter.

Here’s a simplified summary of the financial results you provided (in INR million, unless stated otherwise):

Source: Here 

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Vedant Fashions Financial Metrics

Vedant Fashions has a market cap of ₹ 31,030 crore, which means the company is valued at that amount in the stock market. Its current price is ₹ 1,277 per share. Over the past year, the stock’s high was ₹ 1,488 and the low was ₹ 886. The P/E ratio of 80.7 shows investors pay more for each rupee of earnings. The book value per share is ₹ 66.0, and the dividend yield is 0.67%, which means investors get a small return from dividends. 

Here is the information presented in a table format:

Quarterly Results 

The financial results for Vedant Fashions during Dec 2023, Mar 2024, and Jun 2024 show significant changes in its performance. In Dec 2023, the company had high sales of ₹474 crores and strong profits, with a net profit of ₹158 crores and an earnings per share (EPS) of ₹6.49. However, by Mar 2024, sales dropped to ₹363 crores, with profits also declining, bringing net profit down to ₹116 crores and EPS to ₹4.77. 

Here is the table for Dec 2023, Mar 2024, and Jun 2024:

About Vedant Fashions 

Vedant Fashions one of India's leading companies in the ethnic wear industry, known for its popular brands like Manyavar, Mohey, Twamev, and Mebaz. The company specializes in wedding and celebration apparel for men, women, and children, combining traditional Indian craftsmanship with modern designs.

Their mission is to be a dominant player in the Indian ethnic wear space, offering high-quality products across all age groups. Vedant Fashions values transparency, efficiency, and innovation, using advanced technologies like Warehouse Management Systems (WMS) to enhance operations. They also prioritize inclusive growth for all their stakeholders.