Vedant Fashions January-March Net Profit Falls 13% YoY

Vedant Fashions Ltd. reported a 12.7% year-on-year decline in net profit for the March quarter at ₹1.01 billion, even as revenue from operations rose 1.2% to ₹3.67 billion. On a sequential basis, net profit dropped 36%, and revenue declined over 28%.

Other income for the quarter slipped to ₹220.6 million from ₹241.1 million a year ago. Total expenditure, including finance cost, rose to ₹2.55 billion from ₹2.39 billion in the same period last year. Finance cost stood at ₹136.2 million, slightly higher than ₹132.2 million a year ago.

The tax outgo for the quarter increased to ₹336 million from ₹321.2 million last year.

For the full year ended March 2025, net profit declined 6.2% to ₹3.88 billion, while revenue rose 1.4% to ₹13.86 billion. The board has recommended a final dividend of ₹8 per share.