Q3 2025 Vedant Fashions Ltd Earnings Call Transcript
Key Points
- Vedant Fashions Ltd (BOM:543463) reported a revenue growth of 7.8% in Q3 FY '25 compared to Q3 FY '24, reaching INR 511 crores.
- The company maintained industry-leading gross margins of 67.3% and a healthy EBITDA margin of 47.4% during the quarter.
- Profit after tax (PAT) margin stood at an impressive 30.9%, with a PAT of INR 158 crores.
- Vedant Fashions Ltd expanded its retail footprint by adding approximately 50,000 square feet of net retail area, bringing the total EBO area to 1.75 million square feet across 666 stores globally.
- The company witnessed strong recovery in Tier 2 and Tier 3 cities, contributing positively to sales growth.
- The company's overall performance was impacted by a challenging market environment, particularly in Q1 FY '25, which was a non-wedding quarter.
- There was a subdued performance in the nine-month period of FY '25, with revenue growth of only 1.5% compared to the previous year.
- AP and Telangana regions underperformed compared to the rest of India, affecting overall sales growth.
- Rental inflation has been a challenge, impacting the pace of new store openings and expansion plans.
- Footfall growth was lower than expected, with the main delta in growth missing from footfall rather than conversion rates or average basket size.
Ladies and gentlemen, good day, and welcome to the Q3 FY '25 earnings conference call of Vedant Fashions 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.
Hi. Good evening, everyone, and thanks for joining the third quarter conference call of Vedant Fashions. We have from the senior management, Mr. Rahul Murarka, the CFO; and Mr. Vedant Modi, the Chief Revenue Officer.
Without taking more time, let me ask Mr. Rahul ji to start the conference call. Over to you, sir.
Thank you, Sameer. I would like to start the conference with the key highlight performance for the quarter and half year ended December 31, 2024.
Starting from Q3 FY '25 performance update. Revenue from operations during the period was around INR511 crores,
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