NSE: MANYAVAR | BSE: 543463

Mid-range Performer

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500.75 10.85 (2.21%)

28.97% Fall from 52W High

142.1K NSE+BSE Volume

NSE 09 Oct, 2026 3:56 PM (IST)

12,167.1

Market Cap

Market Leader

Beta 1Year

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.

27 Jul 2026

500.75

2.21%

Resilient quarter, but await sustainable demand recovery

Neutral: Vedant Fashions Ltd.

Target

Motilal Oswal

Vedant Fashions (VFL) delivered a decent 1QFY27 with ~3.4% YoY/~7% YoY growth in customer sales/revenue, despite the lack of weddings for a month due to Adhikmaas.

Number of FII/FPI investors decreased from 154 to 144 in Jun 2026 qtr

Vedant Fashions Ltd.

16 Apr 2026

500.75

2.21%

Valuations turning attractive, but consistent growth remains key

Neutral: Vedant Fashions Ltd.

Target

Motilal Oswal

VFL is navigating a prolonged slowdown; the management largely attributes it to macro factors (slowdown in hiring by IT companies, weak discretionary demand in the mid-premium category, etc.) and, to a lesser extent, to higher organized competition in the ethnic wear space.

Vedant Fashions Ltd. has an average target of 460.00 from 1 broker.

Vedant Fashions Ltd.

31 Oct 2025

500.75

2.21%

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 460.00 from 1 broker.

Vedant Fashions Ltd.

16 Sep 2025

500.75

2.21%

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 its 30 day SMA of 546.0

Vedant Fashions Ltd.

31 Jan 2025

500.75

2.21%

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.

Vedant Fashions Ltd. is trading above its 200 day SMA of 461.4

Vedant Fashions Ltd.

30 Oct 2024

500.75

2.21%

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.

Vedant Fashions Ltd. has an average target of 460.00 from 1 broker.

Vedant Fashions Ltd.

23 Sep 2024

500.75

2.21%

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. is trading below its 30 day SMA of 546.0

Vedant Fashions Ltd.

29 Jan 2024

500.75

2.21%

Demand softness persists

Neutral: Vedant Fashions Ltd.

Recommendation Target

Motilal Oswal

Vedant Fashions Ltd. is trading above its 200 day SMA of 461.4

Vedant Fashions Ltd.

01 Nov 2023

500.75

2.21%

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. is trading above its 200 day SMA of 461.4

Vedant Fashions Ltd.

27 Jul 2023

500.75

2.21%

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.

Vedant Fashions has lost -26.48% in the last 1 Year

VOTE: Is Vedant Fashions Ltd. worth buying?

146 Votes:

Buy 81.51%

Sell 11.64%

Hold 6.85%

RESEARCH REPORTS

Neutral SEE REPORTS >

pdf

Neutral SEE REPORTS >

pdf