NSE: MANYAVAR | BSE: 543463

Expensive Underperformer

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617.50 -1.60 (-0.26%)

New 52W Low today

275.2K NSE+BSE Volume

NSE 19 Nov, 2025 3:31 PM (IST)

15,003.6

Market Cap

Market Runner Up

0.6

Beta 1Year

Very Low volatility

Vedant Fashions Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MANYAVAR, BSE:543463 Vedant Fashions Ltd.

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Vedant Fashions Ltd.

31 Oct 2025

617.50

-0.26%

Growth pangs continue; all hopes pinned on stronger 2H

Neutral: Vedant Fashions Ltd.

Target

Motilal Oswal

Vedant Fashion’s (VFL) 2Q performance was impacted by GST-linked dispatch disruptions, creating a ~6% delta between primary and secondary sales. However, the company has been struggling to revive growth sustainably, with its 1HFY26 revenue tracking 5% below 1HFY23 levels.

Vedant Fashions Ltd. has an average target of 807.50 from 2 brokers.

Vedant Fashions Ltd.

16 Sep 2025

617.50

-0.26%

VEDANT FASHIONS LIMITED

Buy: Vedant Fashions Ltd.

Geojit BNP Paribas

Vedant Fashions Ltd (VFL), established in 2002 in Kolkata, is a leading player in India's celebration wear market, anchored by flagship brand Manyavar. Through its five brands Manyavar, Mohey, Twamev, Manthan, and Mebazthe company offers ethnic wear for men, women, and children. VFL operates 662 exclusive brand outlets (EBOs) across India and 16 EBOs in 12 global cities, spanning ~17.9 lakh sq. ft., with a presence across 26 Indian states...

Vedant Fashions Ltd. is trading below all available SMAs

Vedant Fashions Ltd.

31 Jan 2025

617.50

-0.26%

Weak results; demand subdued despite higher wedding dates

Neutral: Vedant Fashions Ltd.

Target

Motilal Oswal

Vedant Fashions (VFL) reported a muted performance in 3QFY25, with YoY flat EBITDA and PAT (11-12% miss) due to weak SSSG (2.6%) and higher other expenses.

Motilal Oswal decreased Neutral price target of Vedant Fashions Ltd. to 725.0 on 31 Oct, 2025.

Vedant Fashions Ltd.

30 Oct 2024

617.50

-0.26%

Outperformance driven by strong SSSG

Neutral: Vedant Fashions Ltd.

Target

Motilal Oswal

Vedant Fashions (VFL) delivered good quarter with revenue/PAT rising 23%/37% YoY (10%/21% beat) driven by strong SSS growth of 17% YoY, lower base (-12% YoY in 2QFY24), and a favorable shift in festive dates.

Motilal Oswal decreased Neutral price target of Vedant Fashions Ltd. to 725.0 on 31 Oct, 2025.

Vedant Fashions Ltd.

23 Sep 2024

617.50

-0.26%

Primary Research: Mohey EBO visit [Bengaluru]

Buy: Vedant Fashions Ltd.

Recommendation Target

ICICI Securities Limited

We visited Mohey EBO in Jayanagar, Bangalore to get first-hand insights on Vedant Fashion’s (VEDANT) ability to unlock value in women’s wedding and celebration wear market opportunity.

Vedant Fashions Ltd. has an average target of 807.50 from 2 brokers.

Vedant Fashions Ltd.

29 Jan 2024

617.50

-0.26%

Demand softness persists

Neutral: Vedant Fashions Ltd.

Recommendation Target

Motilal Oswal

Motilal Oswal decreased Neutral price target of Vedant Fashions Ltd. to 725.0 on 31 Oct, 2025.

Vedant Fashions Ltd.

01 Nov 2023

617.50

-0.26%

One-off quarter with shift in wedding days having a say

Accumulate: Vedant Fashions Ltd.

Target

ICICI Securities Limited

2QFY24 result was weak, impacted by higher base, shift in festivals to 3Q and lower number of wedding days due to Adhika-masa (18th July to 16th Aug – once in a 3-year event). As per dhrik-panchang, there were no wedding days in 2QFY24 vs 6 in 2QFY23.

Vedant Fashions Ltd. has an average target of 807.50 from 2 brokers.

Vedant Fashions Ltd.

27 Jul 2023

617.50

-0.26%

Capital commitments on track: sector headwinds impact SSSG

Accumulate: Vedant Fashions Ltd.

Recommendation

ICICI Securities Limited

Result was weak, impacted by significantly lower number of wedding days. Steep decline in SSSG (-22% YoY) compared to 22% higher retail area is concerning. This is the steepest decline in SSSG compared to other retail companies that have reported 1Q results so far.