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Vedant Fashions Ltd Q1FY24; 9% fall in Profits

Vedant Fashions Limited caters to the Indian celebration wear market with a diverse portfolio of brands. The company offers a one-stop destination with a wide spectrum of product offerings for every celebratory occasion to its customers and the largest men’s Indian wedding and celebration wear segment.

Financial Results:

Vedant Fashions Ltd reported Revenues for Q1FY24 of ₹312.00 Crores down from ₹325.00 Crore year on year, a fall of 4.0%.

Total Expenses for Q1FY24 of ₹202.00 Crores up from ₹196.00 Crores year on year, a rise of 3.06%.

Consolidated Net Profit of ₹92.00 Crores down 8.91% from ₹101.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.79, down 8.89% from ₹4.16 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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