Vedant Fashions Limited Reports Earnings Results for the Full Year Ended March 31, 2022
May 09, 2022 at 01:36 pm
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Vedant Fashions Limited reported earnings results for the full year ended March 31, 2022. For the full year, the company reported sales was INR 10,408.41 million compared to INR 5,648.16 million a year ago. Revenue was INR 10,907.67 million compared to INR 6,250.19 million a year ago. Net income was INR 3,149.11 million compared to INR 1,329.03 million a year ago. Basic earnings per share from continuing operations was INR 12.9 compared to INR 5.36 a year ago. Diluted earnings per share from continuing operations was INR 12.9 compared to INR 5.36 a year ago.
Vedant Fashions Limited is an India-based company. The Company is primarily engaged in manufacturing, trading and sale of readymade ethnic wear for men, women and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev and Manthan. The Company operates primarily in the manufacturing and trading of readymade garments being Indian wedding and celebration wear for men, women and kids. The Companyâs products include men's ethnic and celebration wear items, such as Indo-western, sherwanis, kurtas, and jackets, and accessories, such as jutti, safa and mala, and womenâs ethnic and celebration wear items, such as lehengas, sarees, stitched suits, gowns and kurtis. The Company operates through a single segment, branded fashion apparel and accessories. The Company has approximately 600+ stores in over 200 cities and in three countries with 11 international stores in the United Arab Emirates and the United States.