Vedant Fashions Ltd (NSE: MANYAVAR, BSE: 543463) shares closed at about ₹460.55 on the NSE on February 13, 2026, trading lower by approximately 1.1% during the session, reflecting market reaction to latest financial disclosures.
Market Capitalization
The company’s market capitalization stood near ₹11,400 crore at the latest close.
Latest Quarterly Results (Q3 FY26)
For the quarter ended December 31, 2025 (Q3 FY26), Vedant Fashions Ltd reported consolidated revenue from operations of ₹4,917 million compared with ₹5,113 million in Q3 FY25. Net profit (PAT) for Q3 FY26 was ₹1,349 million, down from ₹1,580 million a year earlier. Year-over-year, revenue declined by about 3.8% and PAT decreased by around 14.6% on a consolidated basis.
Full-Year Results Context (9M FY26)
For the nine months ended December 31, 2025 (9M FY26), Vedant Fashions reported consolidated revenue from operations of ₹10,361 million, up from ₹10,190 million in the same period of the prior year, indicating a modest rise in total revenue. Nine-month PAT was ₹2,612 million versus ₹2,874 million a year earlier, showing a contraction year-over-year.
Business & Operations Update
In its investor presentation for Q3 and 9M FY26, Vedant Fashions disclosed continued expansion of its retail footprint. As of December 2025, total Exclusive Brand Outlet (EBO) area reached approximately 1.79 million square feet, with 664 EBOs worldwide, including 16 international stores across five countries. The company reported additions of retail space during the quarter and nine-month period. Retail sales growth (sale of customer products) grew approximately 5.4% for 9M FY26 compared to 9M FY25, with same-store sales growth of around 1.8% over the same nine-month period. Gross margins in Q3 FY26 were reported at about 65.7% with a PAT margin near 27.4%. The company attributed the subdued December quarter performance partly to fewer wedding dates and muted consumer demand in that month.
Equity Analyst Commentary
Institutional research coverage noted the quarter’s financial outcomes with factual summaries: revenue and PAT contracted year-over-year, and analysts acknowledged continued margin pressure in Q3 FY26 in published research notes. Commentary highlighted consistent reporting of margins relative to prior periods without offering ratings or price targets.
Guidance & Outlook
Vedant Fashions’ board scheduled an investor call and presentation in February 2026 in connection with the unaudited Q3 and 9M FY26 results. Company-issued disclosures mention ongoing monitoring of consumer trends in wedding and celebration wear segments and ongoing retail expansion; the filings outline areas for investor focus without providing forward earnings forecasts.
Performance Summary
Vedant Fashions Ltd posted a share price decline in the most recent session. Q3 FY26 revenue and PAT contracted on a year-over-year basis. Nine-month results showed modest revenue growth alongside profit contraction. Retail footprint expansion continued, with operational updates provided in the company’s investor presentation.