Q1 2025 Vedant Fashions Ltd Earnings Call Transcript
Key Points
- Vedant Fashions Ltd (BOM:543463) maintained healthy financial margins and profitability metrics despite a challenging quarter.
- The company reported an EBITDA margin of 47.8% and a PAT margin of 26.1%, reflecting robust financial fundamentals.
- Vedant Fashions Ltd (BOM:543463) has a healthy pipeline for new store rollouts planned for the remaining part of the financial year.
- The company has focused on enhancing back-end business dynamics, including training and effective administration of its retail network.
- Positive consumer feedback and high conversion rates were reported for new Twamev and Mohey stores, indicating strong brand reception.
- Q1 FY25 was significantly impacted by extremely low or negligible wedding dates, resulting in a performance akin to a non-wedding quarter.
- The company saw a decline in turnover, which led to a sharp decline in other expenses, including a 22% drop in job work costs.
- Vedant Fashions Ltd (BOM:543463) closed about 23 stores, primarily in Tier 3 cities, due to market shifts and strategic decisions.
- Ad spends were materially cut down this quarter amid rising competition, which could impact brand visibility.
- The company faced challenges in Tier 2 and Tier 3 cities, which were major laggards in performance compared to Tier 1 cities.
Ladies and gentlemen, good day and welcome to the Vedant Fashions Limited Q1 FY25 Earnings Conference Call hosted by IIFL Securities Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Sameer Gupta from IIFL Securities Limited. Thank you, and over to you, sir.
Thank you. Good evening, everyone, and thank you for taking time today to attend Vedant Fashions Limited FY25 Earnings Call. Without taking more time, let me pass it to the senior management. Over to you, sir.
Thank you. Good afternoon, and a warm welcome to all the participants. I am Vedant Modi, the Chief Revenue Officer of the company.
Thank you for joining us today to discuss the Vedant Fashions Limited Quarter one Financial Year 2025 results. I hope everyone got an opportunity to go through our financial results and investor presentation, which has been uploaded
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