{"id":132762,"date":"2022-08-10T10:25:00","date_gmt":"2022-08-10T14:25:00","guid":{"rendered":"https:\/\/44.250.171.167\/?p=132762"},"modified":"2022-10-06T04:49:11","modified_gmt":"2022-10-06T08:49:11","slug":"vedant-fashions-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/vedant-fashions-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Vedant Fashions Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/3o34_rGQZcM?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p><strong>Key highlights from Vedant Fashions Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/MANYAVAR\/\">MANYAVAR<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Gaurav from Axis Capital asked about good expansion in GM to 68.8% and the steady state levels to be expected going ahead. Rahul Murarka CFO replied that on a quarterly basis, GM may vary from one quarter to another quarter. So it should be looked at a YonY basis.<\/li>\n<\/ul>\n<ul>\n<li>Percy Panthaki with IIFL asked about the per sq. ft. sales done in a normal year in 1Q, if that\u2019s higher \u00a0or lower than the full year sales per sq. ft. Rahul Murarka CFO answered that typically looking at historical avg. of 1Q out of the year, it\u2019s about 24% of year\u2019s total MANYAVAR sales.<\/li>\n<\/ul>\n<ul>\n<li>Percy Panthaki of IIFL also asked how of the growth is from a pure price increase, mix and volume. Rahul Murarka CFO replied that the overall SSG was about 105.2%. Breaking this down to volume and ASP, volume growth was at about 102.3% and ASP growth about 1.4% at a company level.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Basumallick with Intelsense asked about the plans on the Mohey brand in terms of scaling it up. Vedant Modi CMO said that for Mohey, the plan is to continue with the growth strategy of having MANYAVAR Mohey stores as the flagship concept of the company where stores above 3,000-4,000 sq. ft. will have a Mohey section within them.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Basumallick with Intelsense also enquired about the competitive scenario in MANYAVAR overall. Vedant Modi CMO replied that in every market the company has been growing and seeing good retail footprint expansion across. Until now MANYAVAR has not witnessed any pressure.<\/li>\n<\/ul>\n<ul>\n<li>Satwik Jain of Generational Capital also asked about the per sq. ft. revenue of MANYAVAR and Mohey. Vedant Modi CMO replied that on productivity, the company saw productivity of about 12,800 plus. In 1Q23 the company beat 1Q22 with a 105% SSSG.<\/li>\n<\/ul>\n<ul>\n<li>Vikas Mistry from Moonshot Ventures asked about the rental market for celebration outfit impacting MANYAVAR business. Vedant Modi CMO replied that the celebration outfit market is strong and that trend continues. As a company, it is monitoring and will see how the rental market evolves.<\/li>\n<\/ul>\n<ul>\n<li>Vikas Mistry from Moonshot Ventures also asked how the company is thinking to scale up Mohey. \u00a0Vedant Modi CMO said that the historical trends are very positive and even now the brand\u2019s metrics are in a good and positive direction. In the next 2-3 quarters MANYAVER should start scaling up.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Vedant Fashions Ltd (MANYAVAR) Q1 FY23 Earnings Concall Q&amp;A Highlights: Gaurav from Axis Capital asked about good expansion in GM to 68.8% and the steady state levels to be expected going ahead. Rahul Murarka CFO replied that on a quarterly basis, GM may vary from one quarter to another quarter. So it [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Vedant Fashions Ltd Q1 FY23 Earnings Conference Call Insights #MANYAVAR #Q1 #FY23 #Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,6351,392,12,85],"tags":[8687,8145],"class_list":["post-132762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-consumer-stocks","category-earnings","category-other-industries","category-retail-stocks","tag-fashion","tag-retail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128132,"url":"https:\/\/alphastreet.com\/india\/vedant-fashions-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":132762,"position":0},"title":"Vedant Fashions Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 7, 2022","format":false,"excerpt":"https:\/\/youtu.be\/60gmmQ3AeHY Key highlights from Vedant Fashions Ltd (MANYAVAR) Q3 FY22 Earnings Concall \u00a0Management Update: MANYAVAR plans to double retail space from FY21\u2019s 1.1 million sq. ft. to 2.2 million sq. ft. in the coming years. The company also plans to leverage on e-commerce boost by adoption of omnichannel strategy to\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135789,"url":"https:\/\/alphastreet.com\/india\/vedant-fashions-ltd-manyavar-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":132762,"position":1},"title":"Vedant Fashions Ltd (MANYAVAR) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"August 9, 2022","format":false,"excerpt":"Vedant Fashions Ltd (NSE:MANYAVAR) Q1 FY23 Earnings Concall dated Aug. 09, 2022 Corporate Participants: Vedant Modi -- Chief Marketing Officer Rahul Murarka -- Chief Financial Officer Analysts: Gaurav Jogani -- Axis Capital -- Analyst Percy Panthaki -- IIFL -- Analyst Abhishek Basumallick -- Intelsense Capital -- Analyst Satwik -- Generational\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139529,"url":"https:\/\/alphastreet.com\/india\/vedant-fashions-ltd-manyavar-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":132762,"position":2},"title":"Vedant Fashions Ltd (MANYAVAR) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"January 30, 2023","format":false,"excerpt":"Vedant Fashions Ltd (NSE:MANYAVAR) Q3 FY23 Earnings Concall dated Jan. 30, 2023. Corporate Participants: Vedant Modi\u00a0--\u00a0Chief Marketing Officer Rahul Murarka\u00a0--\u00a0Chief Financial Officer Analysts: Varun Singh\u00a0--\u00a0ICICI Securities Limited -- Analyst Percy Panthaki\u00a0--\u00a0IIFL -- Analyst Nihal Mahesh Jham\u00a0--\u00a0Nuvama -- Analyst Sandeep Agarwal\u00a0--\u00a0Naredi Investments -- Analyst Rushabh Doshi\u00a0--\u00a0Nirmiti Investments Advisors LLP -- Analyst\u2026","rel":"","context":"In &quot;Consumer&quot;","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142658,"url":"https:\/\/alphastreet.com\/india\/vedant-fashions-q3fy23-net-profit-rises-by-18-per-cent\/","url_meta":{"origin":132762,"position":3},"title":"Vedant Fashions Q3FY23 net profit rises by 18 per cent","author":"Chirag Gupta","date":"February 23, 2023","format":false,"excerpt":"Vedant Fashions, which owns the ethnic wear brand Manyavar, has recorded a 17.6 percent rise in consolidated net profit at Rs 150.35 crore in the third quarter (Q3) ended December 31 of the current fiscal 2022-23 as against the profit of Rs 127.80 crore in the same period of the\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":133378,"url":"https:\/\/alphastreet.com\/india\/mrs-bectors-food-specialities-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":132762,"position":4},"title":"Mrs. Bectors Food Specialities Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 17, 2022","format":false,"excerpt":"Key highlights from Mrs. Bectors Food Specialities Ltd (BECTORFOOD) Q1 FY23 Earnings Concall Management Update: BECTORFOOD said that its new production line of biscuits at Rajpura plant has started commercial production in July 2022, which has an installed capacity of 12,000 tonnes per annum. 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