Q2 2025 Vedant Fashions Ltd Earnings Call Transcript
Key Points
- Vedant Fashions Ltd (BOM:543463) reported a strong revenue growth of 22.7% in Q2 FY25 compared to Q2 FY24.
- The company maintained industry-leading margins with a gross margin of 67.9% and an EBITDA margin of 45.4%.
- Same-store sales growth (SSG) was robust at 17.3% over Q2 FY24, indicating strong performance in existing stores.
- The company successfully launched a new brand, Diwas by Manyavar, targeting the Gen Z market with stylish kurtas.
- Vedant Fashions Ltd (BOM:543463) has onboarded prominent celebrities like Jhanvi Kapoor to enhance brand positioning and appeal.
- The first half of FY25 was impacted by a weaker first quarter due to negligible wedding dates, affecting overall performance.
- Network expansion was slower in H1 FY25, with some store rollouts delayed to the second half of the year.
- The company faced increased rental costs, which could impact future store openings and profitability.
- There was a notable increase in inventory and receivable days, leading to negative operating cash flow for the first half.
- The company is undergoing a cleanup of non-productive stores, which may temporarily affect retail footprint and growth.
Ladies and gentlemen, good day. And welcome to the Vedant Fashions Limited Q2 FY25 earnings conference call hosted by Access Capital Limited.
As a reminder, all participant lines will be in a listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? Please signal an operator by pressing the star then zero on your Touchstone phone.
Please note that this conference is being recorded.
I now hand the conference over to Mr Anand Shah from Axis Capital Limited. Thank you and over to you, sir.
Yeah, Thanks. Hi everyone and on behalf of Axis capital, I welcome you all to the Vedant Fashion Q2 FY25 earnings con call. We have with us from senior management, Mr Vedant Modi, Chief Revenue Officer, and Mr Rahul Murarka, Chief Financial Officer. So I'll just pass over to the management for opening remarks. Thanks and over to you, sir.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
