# Vedant Fashions share price today (Vedant Fashions Ltd, NSE: MANYAVAR)

> Vedant Fashions share price today: ₹496.90 at the NSE close on 3 November 2026, down 23.1% in a year. Vedant Fashions (NSE: MANYAVAR) is worth ₹12,063 crore, trades at a P/E of 31.2 and has closed between ₹342.40 and ₹639.50 over the past 52 weeks. > Vedant Fashions Ltd's results are improving, while its P/E is near the low end of its own history over 4.7 years, higher than only 14% of past readings. MANYAVAR · Textiles - Readymade Apparel · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/vedant-fashions-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹496.90 (−23.1% in a year)
- P/E: 31.2× (lower than 86% of the last 4.7 years)
- Revenue (Jun 2026): ₹301 Cr (+7.1% on a year ago)
- Profit (Jun 2026): ₹81.0 Cr (+15.7% on a year ago)
- Operating margin: 43.0% (flat on a year ago)
- ROCE: 23%, FY26
- ROIC: 18.8%, against a 12.0% cost of capital: +6.8 points

The main question: foreign institutions moved −2.2 percentage points over 8 quarters while the business went the other way. ## What is the Vedant Fashions share price today? Vedant Fashions Ltd's share price was ₹496.90 at the close on 3 November 2026. It has been rising for 6 weeks. That is 2.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹342 and ₹640, and at that close it sat 52% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row. Over the last 4.7 years the share price moved −45% while the NIFTY 500 moved +51%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Vedant Fashions this quarter? Two changes stood out: foreign funds (FIIs) cut their stake for 7 quarters in a row and indian funds and insurers (DIIs) raised their stake for 4 quarters in a row. 1. Foreign funds (FIIs) cut their stake for 7 quarters in a row From 10.5% to 7.4% of the company by the September 2026 quarter. 2. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row From 11% to 14.2% of the company by the September 2026 quarter. ## What are Vedant Fashions' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Vedant Fashions reported revenue of ₹301 crore, up 7.1% from ₹281 crore a year earlier, and a profit of ₹81.0 crore, up 15.7% from ₹70.0 crore. ### Vedant Fashions results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹301 crore | ₹281 crore | +7.1% |
| Profit | ₹81.0 crore | ₹70.0 crore | +15.7% |
| Earnings per share | ₹3.32 | ₹2.89 | +14.9% |
| Operating margin | 43.0% | 43.0% | 0.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Vedant Fashions' management discussed these results on a call held on 27 July 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Vedant Fashions share price history? Vedant Fashions closed at ₹496.90 on 3 November 2026, down 23.1% from ₹645.75 a year earlier (31 October 2025) and down 61.9% over three years. Its highest weekly close since February 2022 was ₹1,469.10 on 7 October 2022. ### Vedant Fashions share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹481.45 | +3.2% |
| 1 month ago · 1 Oct 2026 | ₹519.20 | −4.3% |
| 6 months ago · 30 Apr 2026 | ₹426.95 | +16.4% |
| 1 year ago · 31 Oct 2025 | ₹645.75 | −23.1% |
| 3 years ago · 3 Nov 2023 | ₹1,302.65 | −61.9% |
| Earliest weekly close in our records · 18 Feb 2022 | ₹906.40 | −45.2% |
| Highest weekly close since February 2022 · 7 Oct 2022 | ₹1,469.10 | −66.2% |
| Lowest weekly close since February 2022, also the 52-week low · 13 Mar 2026 | ₹342.40 | +45.1% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹639.50 | −22.3% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (250 weekly closes from 18 February 2022 to 3 November 2026.)

## What is the latest news on Vedant Fashions? 3 Nov 2026: Vedant Fashions closed at ₹496.90, up 3.2% on the week and down 4.3% on the month. 21 Sep 2026: ex-date for a dividend of ₹7.75 a share. ### Earlier

- 27 Jul 2026: Vedant Fashions held its results call for April to June 2026. Management guided: Remaining-year outlook centers on sustained long-term growth through brand equity, operational efficiency, customer experience, auto-replenishment and the store network. - Results for April to June 2026: Revenue up 7.1% and profit up 15.7% on a year earlier. ## What dividend does Vedant Fashions pay? Vedant Fashions paid ₹7.75 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.56% at the ₹496.90 close on 3 November 2026. The last was a dividend of ₹7.75 a share, ex-date 21 September 2026. ### Vedant Fashions dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 21 Sep 2026 | ₹7.75 | Dividend |
| 28 Aug 2025 | ₹8 | Dividend |
| 23 Aug 2024 | ₹8.50 | Dividend |
| 17 Aug 2023 | ₹9 | Dividend |
| 30 Aug 2022 | ₹5 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Vedant Fashions Ltd paid out 50% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 11 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Vedant Fashions management say on the latest results call? On the call for April to June 2026, held on 27 July 2026, Vedant Fashions' management guided: Remaining-year outlook centers on sustained long-term growth through brand equity, operational efficiency, customer experience, auto-replenishment and the store network. > “Broadly, what we see is that the total number of stores is starting to come down in these eight states at least.”
> Vedant Modi, on the call for April to June 2026

### What management guided

- FY27 net store count is expected to be positive; no absolute opening or closure count was provided. - The store-rationalization tail is expected at 3.0% to 4.0% in FY27, with gross openings concentrated from end-Q2 and early Q3. - FY27 ASP growth ambition is slightly above Q1's price contribution, with improvement expected to begin around the middle of Q2. - MBO and SIS growth is expected to benefit from Q2's peak season, while Devat inventory is being prepared at channel warehouses for Q3. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/45458-27-Jul-2026.pdf). (From the call for April to June 2026, 27 July 2026.)

## What to watch in Vedant Fashions' next results? When Vedant Fashions reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Q2-Q3 gross openings and productivity: most FY27 openings are expected from end-Q2 or early Q3; compare revenue per square foot with the stores being closed. - What to check (from the call)
- Q2-Q3 gross openings and productivity: most FY27 openings are expected from end-Q2 or early Q3; compare revenue per square foot with the stores being closed. - MBO and SIS Q2 performance and Devat e-commerce execution, including the impact of channel bookings and inventory positioned at partner warehouses. - Q3 gross margin after GST is fully in the base; management provided no margin goal, making the reported outcome the key read-through. ## Which stock lists is Vedant Fashions on? Vedant Fashions is on 2 of our India lists: Breakout stocks and Dividend stocks. - [Breakout stocks Breakout date: 9 October 2026](https://www.sectoralpha.in/breakout-stocks-india)
- [Dividend stocks Regular dividend yield (%): 1.57](https://www.sectoralpha.in/dividend-stocks-india)

## Is Vedant Fashions profitable? Vedant Fashions Ltd earned ₹81.0 Cr of net profit in the Jun 2026 quarter, +15.7% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹376 Cr. Over 10 years profit has grown 15.4% a year on average. That is 26.9% of the quarter's revenue. The same quarter a year earlier earned ₹70.0 Cr. For the full year, FY26 profit was ₹376 Cr (−3.1% on the year before). Why profit moved: revenue changed +7.1% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −0.6% and revenue +2.5%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Vedant Fashions make, and is it growing? Vedant Fashions Ltd reported ₹301 Cr of revenue in the Jun 2026 quarter, +7.1% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 11.0% a year on average. The last full year, FY26, came in at ₹1,435 Cr. The last four reported quarters add to ₹1,455 Cr. FY26 revenue was ₹1,435 Cr, +3.5% on the year before. Recent pace: the last four quarters grew +2.5% on average, against 11.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +2.0%, against +6.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −2.5%, against +0.1% a year (stabilising). ## How much of every ₹100 of sales does Vedant Fashions keep? Vedant Fashions Ltd's operating margin was 43.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 11 years it has been between 29.0% and 50.0%. The latest quarter is within that range. In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Why the margin moved: operating margin changed +0.6 percentage points on the year while gross margin changed −1.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Vedant Fashions' profit turning into cash? Over the last 3 years, 115% of Vedant Fashions Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹481 Cr of operating cash against ₹376 Cr of profit. After ₹141 Cr of spending on assets, ₹340 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 115% of profit came in as cash: the cash cycle got 149 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Vedant Fashions' cash go? Vedant Fashions Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 240 days in FY26, down from 389 days in FY21. It spent ₹597 Cr on assets over the last 3 years. Customers take 166 days to pay, and stock sits for 131 days on average. At FY26 sales of ₹1,435 Cr, each day of that cycle ties up about ₹3.9 Cr, so roughly ₹944 Cr is tied up in the business at any time. FY26: customers took 166 days to pay and stock sat for 131 days, about 4.3 months of sales sitting as stock, for a full cycle of 240 days, shorter than FY21's 389. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 131 days. Customers pay about 166 days after that. Suppliers are paid at 56 days. Together that makes the 240-day cycle. Spending on assets: ₹597 Cr over the last 3 years, against ₹458 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Vedant Fashions' P/E ratio, and how does it compare with its own history? Vedant Fashions Ltd's P/E is 31.2×, near the low end of its own history: it has been lower only 14% of the time. Its usual P/E (the middle reading) is 67.3×, over 4.7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −3.3% while the price moved −23.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved −27.5% a year; about −2.4% a year came from earnings growth and about −25.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Vedant Fashions business getting better or worse? Vedant Fashions Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −2.5% in the latest quarter, against +3.4% at its best in 12 quarters, with ROCE falling at 23.4%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Vedant Fashions earn on its capital? Vedant Fashions Ltd earned a ROCE of 23% in FY26. That is up from a low of 15% in FY21. Its return on capital used (ROIC) is 6.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 26.2% net margin and 0.50× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 26.2% net margin × 0.50× asset turnover × 1.45× leverage (assets divided by equity) ≈ 19.0% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 18.8% − 12.0% = +6.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 18.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 20.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Vedant Fashions have too much debt? Vedant Fashions Ltd has total debt of ₹458 Cr against shareholder equity of ₹1,964 Cr as of Jun 2026, so its debt is 0.23× its equity, which is very little. Year by year, that ratio went from 0.26 in FY22 to 0.23 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Vedant Fashions shareholding pattern? Domestic institutions raised their stake in Vedant Fashions Ltd by 2.6 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 14.2% of the company. Foreign institutions moved −2.2 points over the same period, to 7.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +2.6 points over 8 quarters, to 14.2%; Foreign institutions: −2.2 points over 8 quarters, to 7.3%; Promoters: +0.0 points over 8 quarters, to 74.9%. Why the owners changed: foreign institutions moved −2.2 points and domestic institutions +2.6 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Vedant Fashions from balance-sheet trouble? For Vedant Fashions Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Vedant Fashions rank in its industry? 49.4 out of 100, rank 18 of 26 in Textiles - Readymade Apparel, with 81% of the evidence available. Vedant Fashions Ltd scores 49.4 out of 100 against the 26 companies it is compared with in Textiles - Readymade Apparel, ranking 18. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 10.9 + 19.6 + 7.6 + 11.3 = 49.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Vedant Fashions compared with? Vedant Fashions ranks 18 of 26 Textiles - Readymade Apparel companies on the 4-Factor Sector Score, with 49.4 out of 100. 1. [Cantabil Retail India Ltd](https://www.sectoralpha.in/stocks/cantabil-retail-india-ltd) CANTABIL · turning · Most evidence points up · 96% evidence 74.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 15.8% · Profit 22.8% · Operating margin change 2 points · 88% evidence Capital efficiency 20.4/25 · ROCE 19.4% · Operating margin 33% · 100% evidence Valuation 15.9/20 · P/E 21.7× · PEG 0.75 · 100% evidence Relative strength 15.4/20 · Lead over its industry 9.5% · Lead over NIFTY 500 6.5% · 1 year -2.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 22.9 + 20.4 + 15.9 + 15.4 = 74.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Karnika Industries Ltd](https://www.sectoralpha.in/stocks/karnika-industries-ltd) KARNIKA · breaking out · Most evidence points up · 67% evidence 70.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.3/35 · Revenue 47.8% · Profit 68.4% · Operating margin change -2 points · 95% evidence Capital efficiency 20.8/25 · ROCE 29.6% · Operating margin 19% · 76% evidence Valuation 11.3/20 · P/E 25.5× · PEG n/a · 50% evidence Relative strength 11.8/20 · Lead over its industry n/a · Lead over NIFTY 500 11.8% · 1 year -21.1% · 25% evidence · 5 of 12 weeks ahead Exact sum: 26.3 + 20.8 + 11.3 + 11.8 = 70.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Thomas Scott India Ltd](https://www.sectoralpha.in/stocks/thomas-scott-india-ltd) THOMASCOTT · Most evidence points up · 69% evidence 67.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.2/43.75 · Revenue 61.5% · Profit 54.4% · Operating margin change 0.7 points · 88% evidence Capital efficiency 17.6/31.25 · ROCE 20.4% · Operating margin 12% · 100% evidence Valuation 15.3/25 · P/E 21× · PEG 1.14 · 65% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 34.2 + 17.6 + 15.3 = 67.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 4. [Trent Ltd](https://www.sectoralpha.in/stocks/trent-ltd) TRENT · turning · Most evidence points up · 93% evidence 66.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Revenue 18.4% · Profit 18.8% · Operating margin change 1 points · 100% evidence Capital efficiency 21.0/25 · ROCE 28.3% · Operating margin 18% · 100% evidence Valuation 4.2/20 · P/E 84× · PEG 5.04 · 65% evidence Relative strength 17.6/20 · Lead over its industry 17.1% · Lead over NIFTY 500 13.5% · 1 year -3.6% · 100% evidence · 4 of 12 weeks ahead Exact sum: 23.9 + 21 + 4.2 + 17.6 = 66.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [SBC Exports Ltd](https://www.sectoralpha.in/stocks/sbc-exports-ltd) SBC · leader · Evidence leans up · 82% evidence 64.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 63.4% · Profit 100% · Operating margin change -3 points · 95% evidence Capital efficiency 14.9/25 · ROCE 18.4% · Operating margin 9% · 76% evidence Valuation 5.8/20 · P/E 82.3× · PEG n/a · 50% evidence Relative strength 20.0/20 · Lead over its industry 89% · Lead over NIFTY 500 82.5% · 1 year 176.9% · 100% evidence · 10 of 12 weeks ahead Exact sum: 23.8 + 14.9 + 5.8 + 20 = 64.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [V-Mart Retail Ltd](https://www.sectoralpha.in/stocks/v-mart-retail-ltd) VMART · turning · Evidence leans up · 89% evidence 62.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/35 · Revenue 19.1% · Profit 100% · Operating margin change 1 points · 88% evidence Capital efficiency 9.1/25 · ROCE 13.2% · Operating margin 15% · 100% evidence Valuation 11.7/20 · P/E 42.4× · PEG 1.03 · 65% evidence Relative strength 14.7/20 · Lead over its industry 14.4% · Lead over NIFTY 500 10.5% · 1 year -10.9% · 100% evidence · 9 of 12 weeks ahead Exact sum: 26.8 + 9.1 + 11.7 + 14.7 = 62.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Pearl Global Industries Ltd](https://www.sectoralpha.in/stocks/pearl-global-industries-ltd) PGIL · leader · Evidence leans up · 78% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Revenue 13.7% · Profit 29.4% · Operating margin change 2 points · 83% evidence Capital efficiency 17.0/25 · ROCE 19.9% · Operating margin 11% · 76% evidence Valuation 6.4/20 · P/E 35.2× · PEG n/a · 50% evidence Relative strength 17.6/20 · Lead over its industry 39.1% · Lead over NIFTY 500 34.6% · 1 year 80.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.3 + 17 + 6.4 + 17.6 = 61.3 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Bella Casa Fashion & Retail Ltd](https://www.sectoralpha.in/stocks/bella-casa-fashion-retail-ltd) BELLACASA · Evidence leans up · 76% evidence 58.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/43.75 · Revenue 21.8% · Profit 37% · Operating margin change -4.4 points · 88% evidence Capital efficiency 14.9/31.25 · ROCE 17.2% · Operating margin 3.8% · 100% evidence Valuation 20.1/25 · P/E 16.6× · PEG 0.45 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 23.9 + 14.9 + 20.1 = 58.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 9. [Aditya Birla Lifestyle Brands Ltd](https://www.sectoralpha.in/stocks/aditya-birla-lifestyle-brands-ltd) ABLBL · quiet · Evidence leans up · 78% evidence 55.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 10.9% · Profit 42.1% · Operating margin change 0 points · 100% evidence Capital efficiency 13.2/25 · ROCE 15% · Operating margin 16% · 100% evidence Valuation 11.6/20 · P/E 35.4× · PEG 1.05 · 65% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -26.5% · 1 year -47.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 22.5 + 13.2 + 11.6 + 8.1 = 55.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Baazar Style Retail Ltd](https://www.sectoralpha.in/stocks/baazar-style-retail-ltd) STYLEBAAZA · breaking out · Evidence leans up · 79% evidence 54.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 34.9% · Profit 100% · Operating margin change -0.6 points · 88% evidence Capital efficiency 5.8/25 · ROCE 7.6% · Operating margin 14.8% · 100% evidence Valuation 8.5/20 · P/E 98.5× · PEG n/a · 15% evidence Relative strength 17.3/20 · Lead over its industry 16.3% · Lead over NIFTY 500 12.8% · 1 year 11.4% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.1 + 5.8 + 8.5 + 17.3 = 54.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Sai Silks (Kalamandir) Ltd](https://www.sectoralpha.in/stocks/sai-silks-kalamandirltd) KALAMANDIR · basing · Evidence leans up · 81% evidence 54.5 out of 100 Growth Capital Valuation Relative
12. [Iris Clothings Ltd](https://www.sectoralpha.in/stocks/iris-clothings-ltd) IRISDOREME · leader · Evidence leans up · 100% evidence 54.2 out of 100 Growth Capital Valuation Relative
13. [Kewal Kiran Clothing Ltd](https://www.sectoralpha.in/stocks/kewal-kiran-clothing-ltd) KKCL · quiet · Evidence leans up · 78% evidence 53.2 out of 100 Growth Capital Valuation Relative
14. [V2 Retail Ltd](https://www.sectoralpha.in/stocks/v2-retail-ltd) V2RETAIL · quiet · Evidence leans up · 79% evidence 52.9 out of 100 Growth Capital Valuation Relative
15. [Arvind Fashions Ltd](https://www.sectoralpha.in/stocks/arvind-fashions-ltd) ARVINDFASN · quiet · Evidence leans up · 89% evidence 52.3 out of 100 Growth Capital Valuation Relative
16. [Monte Carlo Fashions Ltd](https://www.sectoralpha.in/stocks/monte-carlo-fashions-ltd) MONTECARLO · turning · Evidence leans up · 73% evidence 50.5 out of 100 Growth Capital Valuation Relative
17. [Vishal Mega Mart Ltd](https://www.sectoralpha.in/stocks/vishal-mega-mart-ltd) VMM · quiet · Evidence leans up · 78% evidence 50.4 out of 100 Growth Capital Valuation Relative
18. Vedant Fashions Ltd this page MANYAVAR · breaking out · Evidence leans down · 81% evidence 49.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.9/35 · Revenue 2% · Profit -2.5% · Operating margin change 0 points · 88% evidence Capital efficiency 19.6/25 · ROCE 22.8% · Operating margin 43% · 100% evidence Valuation 7.6/20 · P/E 30.1× · PEG 5.66 · 100% evidence Relative strength 11.3/20 · Lead over its industry n/a · Lead over NIFTY 500 4.8% · 1 year -25.9% · 25% evidence · 12 of 12 weeks ahead Exact sum: 10.9 + 19.6 + 7.6 + 11.3 = 49.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 19. [Credo Brands Marketing Ltd](https://www.sectoralpha.in/stocks/credo-brands-marketing-ltd) MUFTI · Evidence leans down · 76% evidence 45.5 out of 100 Growth Capital Valuation Relative
20. [S P Apparels Ltd](https://www.sectoralpha.in/stocks/s-p-apparels-ltd) SPAL · quiet · Evidence leans down · 96% evidence 42.5 out of 100 Growth Capital Valuation Relative
21. [Lux Industries Ltd](https://www.sectoralpha.in/stocks/lux-industries-ltd) LUXIND · quiet · Evidence leans down · 78% evidence 41.6 out of 100 Growth Capital Valuation Relative
22. [Raymond Lifestyle Ltd](https://www.sectoralpha.in/stocks/raymond-lifestyle-ltd) RAYMONDLSL · quiet · Evidence leans down · 78% evidence 39.3 out of 100 Growth Capital Valuation Relative
23. [Go Fashion (India) Ltd](https://www.sectoralpha.in/stocks/go-fashion-indialtd) GOCOLORS · quiet · Evidence leans down · 75% evidence 35.9 out of 100 Growth Capital Valuation Relative
24. [Gokaldas Exports Ltd](https://www.sectoralpha.in/stocks/gokaldas-exports-ltd) GOKEX · quiet · Most evidence points down · 81% evidence 28.3 out of 100 Growth Capital Valuation Relative
25. [Aditya Birla Fashion & Retail Ltd](https://www.sectoralpha.in/stocks/aditya-birla-fashion-retail-ltd) ABFRL · quiet · Most evidence points down · 61% evidence 27.6 out of 100 Growth Capital Valuation Relative
26. [Kitex Garments Ltd](https://www.sectoralpha.in/stocks/kitex-garments-ltd) KITEX · basing · Most evidence points down · 68% evidence 21.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Textiles - Readymade Apparel](https://www.sectoralpha.in/sectors/textiles-readymade-apparel), all 26 compared on one page. ## Which companies are close to Vedant Fashions in size? Vedant Fashions is the 3rd largest of 26 Textiles - Readymade Apparel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Trent and Vishal Mega Mart. Just below it: Pearl Global Industries, Aditya Birla Lifestyle Brands, V-Mart Retail and V2 Retail. ### Textiles - Readymade Apparel companies close in size

1. [Trent Ltd](https://www.sectoralpha.in/stocks/trent-ltd) ₹1,60,892 crore
2. [Vishal Mega Mart Ltd](https://www.sectoralpha.in/stocks/vishal-mega-mart-ltd) ₹39,540 crore
3. Vedant Fashions Ltd ₹11,628 crore
4. [Pearl Global Industries Ltd](https://www.sectoralpha.in/stocks/pearl-global-industries-ltd) ₹11,030 crore
5. [Aditya Birla Lifestyle Brands Ltd](https://www.sectoralpha.in/stocks/aditya-birla-lifestyle-brands-ltd) ₹8,606 crore
6. [V-Mart Retail Ltd](https://www.sectoralpha.in/stocks/v-mart-retail-ltd) ₹5,885 crore
7. [V2 Retail Ltd](https://www.sectoralpha.in/stocks/v2-retail-ltd) ₹5,377 crore

[All 26 Textiles - Readymade Apparel companies, largest first](https://www.sectoralpha.in/sectors/textiles-readymade-apparel#all-companies)

### Companies close in size in other industries

1. [Interise Trust](https://www.sectoralpha.in/stocks/interise-trust) ₹11,659 crore · Construction - Civil/Turnkey
2. [Prudent Corporate Advisory Services Ltd](https://www.sectoralpha.in/stocks/prudent-corporate-advisory-services-ltd) ₹11,643 crore · Finance - Capital Markets
3. Vedant Fashions Ltd ₹11,628 crore
4. [Canara HSBC Life Insurance Company Ltd](https://www.sectoralpha.in/stocks/canara-hsbc-life-insurance-company-ltd) ₹11,534 crore · Finance - Insurance
5. [Akums Drugs & Pharmaceuticals Ltd](https://www.sectoralpha.in/stocks/akums-drugs-pharmaceuticals-ltd) ₹11,517 crore · Pharma - Formulators

## What else do people ask about Vedant Fashions? ### What is Vedant Fashions's share price today? Vedant Fashions Ltd's share price is ₹496.90, −23.1% over the past year. The whole company is worth ₹12,063 Cr on the market. In the last 52 weeks it traded between ₹342 to ₹640; today it is 52% of the way up from the low, 2.6% below its 200-day average (as of 3 November 2026). ### What were Vedant Fashions's latest quarterly results? Vedant Fashions Ltd reported revenue of ₹301 Cr and net profit of ₹81.0 Cr for the Jun 2026 quarter. Revenue rose 7.1% and profit rose 15.7% compared with a year earlier. Earnings per share were ₹3.32. The operating margin was 43.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Vedant Fashions's market cap? Vedant Fashions Ltd's market capitalisation is ₹12,063 Cr at a share price of ₹496.90. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Vedant Fashions performing? Vedant Fashions Ltd's share price has been rising for 6 weeks. In its latest quarter, revenue rose 7.1% and profit rose 15.7% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Vedant Fashions's share price go up? This page does not forecast Vedant Fashions Ltd's share price. What it shows instead: the share price is ₹496.90, and it has been rising for 6 weeks. Its P/E of 31.2× is higher than 14% of its own last 5 years (as of 3 November 2026). ### Where is Vedant Fashions in its business cycle? Vedant Fashions Ltd's FY26 operating margin was 44.0%, against a 11-year range of 29.0% to 50.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 43.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Vedant Fashions story? The main question: foreign institutions moved −2.2 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Vedant Fashions a stock worth studying right now? What the numbers show: Vedant Fashions Ltd's results are improving, while its P/E is near the low end of its own history over 4.7 years, higher than only 14% of past readings. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Vedant Fashions share price forecast for 2026? What management itself guided: Remaining-year outlook centers on sustained long-term growth through brand equity, operational efficiency, customer experience, auto-replenishment and the store network. ## Lists

- Breakout stocks: https://www.sectoralpha.in/breakout-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india

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