Vedant Fashions Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 3,631.57 million compared to INR 3,416.26 million a year ago. Revenue was INR 3,872.65 million compared to INR 3,550.61 million a year ago. Net income was INR 1,157.93 million compared to INR 1,088.66 million a year ago. Basic earnings per share from continuing operations was INR 4.77 compared to INR 4.49 a year ago. Diluted earnings per share from continuing operations was INR 4.75 compared to INR 4.49 a year ago.
For the full year, sales was INR 13,675.32 million compared to INR 13,549.3 million a year ago. Revenue was INR 14,372.03 million compared to INR 13,951.71 million a year ago. Net income was INR 4,141.72 million compared to INR 4,291.08 million a year ago. Basic earnings per share from continuing operations was INR 17.06 compared to INR 17.68 a year ago. Diluted earnings per share from continuing operations was INR 17.04 compared to INR 17.68 a year ago.
Vedant Fashions Limited is an India-based company. The Company is primarily engaged in manufacturing, trading, and sale of ready-made ethnic wear for men, women, and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev, and Manthan. The Company has only one reportable segment, which is branded fashion apparel and accessories. The Companyâs products include men's kurta pajama, kurta jacket sets, only kurtas, nehru jacket, indo-western, sherwani, and accessories, such as juti, safa, mala, and others. Womenâs ethnic and celebration wear items, such as lehenga, sarees, indo-western, stitched-suits, and accessories. Kids products include an indo-western, kurta jacket set, kurta pajama, and accessories. The Company has approximately 676 stores and 16 global stores in 255 Indian cities and 13 global cities. The Company has its international branded outlets in the United Arab Emirates, United States, Canada, and the United Kingdom.
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