Mumbai, May 6 (IANS) Vedant Fashions Limited, the company behind the ethnic wear brand Manyavar, on Tuesday, reported a 12.6 per cent decline in net profit for the fourth quarter (Q4) of FY25.
The net profit stood at Rs 101 crore, down from Rs 116 crore in the same quarter last fiscal, according to its stock exchange filings.
Revenue for the quarter remained nearly flat, increasing by just 1.2 per cent to Rs 367.4 crore from Rs 363 crore in Q4 FY24.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) also saw a decline of 5.3 per cent, falling to Rs 165.7 crore.
As a result, EBITDA margins contracted to 45 per cent from 48 per cent a year ago — reflecting decreased operating efficiency.
Total expenses rose by 6.45 per cent year-on-year (YoY) to Rs 254.79 crore in the fourth quarter of FY25.
The cost of raw materials consumed increased by 19.01 per cent to Rs 45.01 crore, while finance costs went up by 3.06 per cent to Rs 136.23 crore during the same period.
The Board has proposed a final dividend of Rs 8 per equity share for FY25, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Following the announcement of these results, Vedant Fashions’ share price dropped to Rs 735 — marking a 6.88 per cent or Rs 54.3 decrease from the previous close of Rs 790.15 on the National Stock Exchange (NSE).
Vedant Fashions primarily manufactures, trades, and sells ready-to-wear ethnic clothing for men, women, and children in India through its brands Manyavar, Mohey, Mebaz, Twamev, and Manthan.
The company has over 600 stores in more than 200 cities, including 11 international outlets in the UAE and the US.
The shares of Vedant Fashions were listed on stock exchanges in 2022. The company had made a strong debut by listing over 8 per cent premium at Rs 935 from its issue price of Rs 866.
–IANS
pk/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
