Vedant Fashions Ltd, established in 2002 and headquartered in Kolkata, West Bengal, is a prominent name in India’s ethnic wear market. Renowned for its flagship brand, Manyavar, the company has become a go-to destination for Indian wedding and celebration attire, offering a vast array of traditional clothing that captures the spirit and elegance of Indian culture. Operating within the textiles and apparel industry, Vedant Fashions has a diverse portfolio of brands that cater to various segments, including Mohey for women, Twamev for premium menswear, Mebaz for a fusion of traditional and contemporary wear, and Manthan for children’s ethnic clothing.
Vedant Fashions has expanded its reach not only across India but also globally, with a significant presence in international markets, including the USA, Canada, the UK, and the UAE. Its collections are especially popular for weddings, festivals, and celebrations, appealing to customers seeking authentic and stylish ethnic apparel. The company’s growth and popularity are driven by its commitment to quality, cultural heritage, and innovation, making it a leader in the Indian ethnic wear market and a brand synonymous with traditional elegance worldwide.
Latest News on Vedant Fashions
Vedant Fashions Ltd has recently launched Diwas by Manyavar, a new brand crafted specifically for Gen Z. This line introduces stylish, modern kurtas that blend tradition with a contemporary vibe, catering to younger consumers who appreciate ethnic wear with a fresh, trendy twist. With Diwas, Vedant Fashions strengthens its presence in the Indian ethnic market, appealing to a wider, younger audience while staying true to its quality and cultural roots. This launch reinforces Vedant’s commitment to evolving with fashion trends and expanding its reach across demographics.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 74.99% | 74.98% | 74.97% | 74.97% | 74.97% |
| FIIs + | 6.68% | 7.75% | 8.13% | 9.04% | 9.53% |
| DIIs + | 14.88% | 13.73% | 12.64% | 11.89% | 11.57% |
| Public + | 3.46% | 3.55% | 4.27% | 4.09% | 3.93% |
| No. of Shareholders | 74,737 | 74,379 | 92,083 | 83,644 | 75,719 |
The shareholding pattern of Vedant Fashions Ltd. over recent quarters shows a consistent stake by promoters at around 74.97% from March to September 2024, with a slight dip from 74.99% in September 2023. Foreign Institutional Investors (FIIs) have steadily increased their holdings, from 6.68% in September 2023 to 9.53% by September 2024, indicating growing international interest in Vedant Fashions. Domestic Institutional Investors (DIIs), however, show a decreasing trend, with holdings moving from 14.88% in September 2023 down to 11.57% in September 2024. Public shareholding saw a modest fluctuation, peaking at 4.27% in March 2024 before slightly decreasing to 3.93% by September 2024. Additionally, the number of shareholders varied, increasing significantly to 92,083 in March 2024, then dropping back to 75,719 by September 2024, reflecting shifts in retail participation. This pattern underscores a growing confidence from FIIs and stable promoter backing for Vedant Fashions.
Below are the trading platforms that you can use to purchase Vedant Fashions shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 1,418.05 | 1,233.09 |
| December 2024 | 1,432.23 | 1,245.42 |
As we move through November 2024, Vedant Fashions is anticipated to reach a high of ₹1,418.05 and could see a lower range around ₹1,233.09. As we step into December 2024, projections suggest that Vedant Fashions may peak at ₹1,432.23 while maintaining a potential low of ₹1,245.42, reflecting a steady growth trajectory for the close of the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,446.56 | 1,112.74 |
| February 2025 | 1,461.17 | 1,123.98 |
| March 2025 | 1,491.85 | 1,147.58 |
| April 2025 | 1,477.08 | 1,136.22 |
| May 2025 | 1,434.06 | 1,103.12 |
| June 2025 | 1,498.59 | 1,152.76 |
| July 2025 | 1,469.21 | 1,130.16 |
| August 2025 | 1,514.65 | 1,165.11 |
| September 2025 | 1,532.82 | 1,179.10 |
| October 2025 | 1,572.68 | 1,209.75 |
| November 2025 | 1,611.99 | 1,240.00 |
| December 2025 | 1,684.53 | 1,295.80 |
As we approach January 2025, Vedant Fashions may reach a peak of ₹1,446.56 and a low around ₹1,112.74. Moving forward, February could bring a high of ₹1,461.17 and a low of ₹1,123.98. March might see the stock rise to ₹1,491.85, with a possible low of ₹1,147.58. In April, expectations suggest a high of ₹1,477.08 and a low of ₹1,136.22. May may show a maximum of ₹1,434.06, with a minimum at ₹1,103.12. By June, Vedant Fashions could peak at ₹1,498.59 and dip to ₹1,152.76, while July might see a range from ₹1,130.16 to ₹1,469.21. In August, projections place the stock between ₹1,165.11 and ₹1,514.65. September may bring values from ₹1,179.10 to ₹1,532.82, and October could range between ₹1,209.75 and ₹1,572.68. By November, Vedant Fashions may reach a high of ₹1,611.99 and a low of ₹1,240.00, concluding December with an anticipated peak of ₹1,684.53 and a low of ₹1,295.80.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,735.07 | 1,334.67 |
| February 2026 | 1,691.69 | 1,301.30 |
| March 2026 | 1,725.53 | 1,327.33 |
| April 2026 | 1,760.74 | 1,354.42 |
| May 2026 | 1,743.31 | 1,341.01 |
| June 2026 | 1,786.89 | 1,374.53 |
| July 2026 | 1,751.85 | 1,347.58 |
| August 2026 | 1,806.04 | 1,389.26 |
| September 2026 | 1,842.16 | 1,417.04 |
| October 2026 | 1,890.05 | 1,453.89 |
| November 2026 | 1,937.30 | 1,490.23 |
| December 2026 | 1,985.74 | 1,527.49 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,005.59 | 1,542.76 |
| February 2027 | 2,057.02 | 1,582.32 |
| March 2027 | 2,137.24 | 1,644.03 |
| April 2027 | 2,095.34 | 1,611.80 |
| May 2027 | 2,034.31 | 1,564.85 |
| June 2027 | 2,125.85 | 1,635.27 |
| July 2027 | 2,084.17 | 1,603.21 |
| August 2027 | 2,148.63 | 1,652.79 |
| September 2027 | 2,223.83 | 1,710.64 |
| October 2027 | 2,281.65 | 1,755.11 |
| November 2027 | 2,338.69 | 1,798.99 |
| December 2027 | 2,397.16 | 1,843.97 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,445.10 | 1,880.85 |
| February 2028 | 2,507.79 | 1,929.07 |
| March 2028 | 2,605.60 | 2,004.31 |
| April 2028 | 2,554.51 | 1,965.01 |
| May 2028 | 2,480.11 | 1,907.77 |
| June 2028 | 2,591.71 | 1,993.62 |
| July 2028 | 2,540.89 | 1,954.53 |
| August 2028 | 2,619.48 | 2,014.98 |
| September 2028 | 2,711.16 | 2,085.51 |
| October 2028 | 2,781.65 | 2,139.73 |
| November 2028 | 2,851.19 | 2,193.22 |
| December 2028 | 2,922.47 | 2,248.05 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,980.92 | 2,293.01 |
| February 2029 | 3,057.35 | 2,351.81 |
| March 2029 | 3,176.59 | 2,443.53 |
| April 2029 | 3,114.30 | 2,395.62 |
| May 2029 | 3,023.60 | 2,325.84 |
| June 2029 | 3,159.66 | 2,430.51 |
| July 2029 | 3,097.70 | 2,382.85 |
| August 2029 | 3,193.51 | 2,456.54 |
| September 2029 | 3,305.28 | 2,542.52 |
| October 2029 | 3,391.22 | 2,608.63 |
| November 2029 | 3,476.00 | 2,673.85 |
| December 2029 | 3,562.90 | 2,740.69 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,634.16 | 2,795.51 |
| February 2030 | 3,727.34 | 2,867.18 |
| March 2030 | 3,872.71 | 2,979.00 |
| April 2030 | 3,796.77 | 2,920.59 |
| May 2030 | 3,686.19 | 2,835.53 |
| June 2030 | 3,852.06 | 2,963.13 |
| July 2030 | 3,776.53 | 2,905.03 |
| August 2030 | 3,893.33 | 2,994.87 |
| September 2030 | 4,029.60 | 3,099.69 |
| October 2030 | 4,134.37 | 3,180.28 |
| November 2030 | 4,237.73 | 3,259.79 |
| December 2030 | 4,343.67 | 3,341.29 |
As we move into 2030, Vedant Fashions may start the year with prices ranging from ₹2,795.51 to ₹3,634.16 in January. February could see prices between ₹2,867.18 and ₹3,727.34, while March might reach from ₹2,979.00 to ₹3,872.71. April’s expected range is ₹2,920.59 to ₹3,796.77, followed by May with potential values between ₹2,835.53 and ₹3,686.19. In June, prices may vary from ₹2,963.13 to ₹3,852.06, with July ranging from ₹2,905.03 to ₹3,776.53. August might extend between ₹2,994.87 and ₹3,893.33. September could see ₹3,099.69 to ₹4,029.60, and October may range from ₹3,180.28 to ₹4,134.37. November’s prices are likely to be between ₹3,259.79 and ₹4,237.73, closing December with values from ₹3,341.29 to ₹4,343.67.
Financial Condition of Vedant Fashions
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 916 | 565 | 1,041 | 1,355 | 1,368 | 1,345 |
| Expenses + | 522 | 322 | 545 | 684 | 709 | 694 |
| Operating Profit | 394 | 243 | 496 | 671 | 658 | 652 |
| OPM % | 43% | 43% | 48% | 50% | 48% | 48% |
| Other Income + | 32 | 60 | 50 | 40 | 70 | 80 |
| Interest | 26 | 26 | 28 | 31 | 44 | 52 |
| Depreciation | 89 | 96 | 94 | 104 | 135 | 147 |
| Profit before tax | 312 | 182 | 423 | 576 | 548 | 533 |
| Tax % | 24% | 27% | 26% | 25% | 24% | |
| Net Profit + | 237 | 133 | 315 | 429 | 414 | 403 |
| EPS in Rs | 18.9 | 10.72 | 12.98 | 17.67 | 17.05 | 16.58 |
| Dividend Payout % | 21% | 0% | 39% | 51% | 50% |
Vedant Fashions has demonstrated steady financial growth across key metrics over recent years. Sales revenue increased from ₹916 crore in March 2020 to ₹1,368 crore by March 2024, indicating the company’s expansion and market strength, especially in the ethnic wear sector. Operating profit margins (OPM) remained robust, showing an increase from 43% in March 2020 to a peak of 50% in March 2023, before stabilizing at 48% in March 2024. This sustained profitability reflects efficient cost management, with expenses controlled relative to the company’s rising revenues.
Additionally, Vedant Fashions’ other income grew from ₹32 crore in March 2020 to ₹70 crore in March 2024, supporting overall profit growth. Despite a rise in interest costs and depreciation—now at ₹52 crore and ₹147 crore, respectively—profit before tax showed resilience, reaching ₹548 crore by March 2024. The tax rate fluctuated slightly but averaged around 25%, keeping post-tax profits steady. Net profit grew from ₹237 crore in March 2020 to ₹414 crore in March 2024, with EPS moving from ₹18.9 to ₹17.05. The dividend payout ratio also improved, peaking at 51% in March 2023 and slightly moderating to 50% by March 2024, underscoring Vedant Fashions’ commitment to returning value to shareholders.
FAQS
While there is no official share price target for Vedant Fashions for 2025, some experts predict that the company’s share price could continue to grow up to ₹1,684.53 by the end of 2025
As per our analysis, we expect Vedant Fashions to reach ₹4,343.67 by the end of 2030
Is Vedant Fashions a good stock to buy?
Many investors consider Vedant Fashions to be a good long-term investment, given the company’s strong financial performance and growth potential.
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Conclusion
In conclusion, Vedant Fashions Ltd. stands as a prominent player in India’s ethnic wear market, with well-known brands like Manyavar and the newer Diwas line catering to younger consumers. The shareholding pattern reflects strong promoter commitment, increased foreign institutional interest, and a steady base of domestic and public investors. Share price projections indicate a positive trend, with targets reaching between ₹1,233.09 and ₹1,432.23 by the end of 2024 and continuing to rise through 2025, potentially hitting ₹1,684.53 by December. Longer-term forecasts from 2026 to 2030 suggest sustained growth, with maximum prices anticipated to reach up to ₹4,343.67 by the end of 2030, reinforcing Vedant Fashions’ strategic positioning in a growing market.
What did we learn?
- 1 Latest News on Vedant Fashions
- 2 Shareholdings Patterns of Vedant Fashions
- 3 How to purchase Vedant Fashions shares?
- 4 Vedant Fashions Share Price Prediction: 2024 to 2030
- 4.1 Vedant Fashions Share Price Target 2024
- 4.2 Vedant Fashions Share Price Prediction 2025
- 4.3 Vedant Fashions Share Price Target 2026
- 4.4 Vedant Fashions Share Price Target 2027
- 4.5 Vedant Fashions Share Price Prediction 2028
- 4.6 Vedant Fashions Share Price Target 2029
- 4.7 Vedant Fashions Share Price Prediction 20230
- 5 Financial Condition of Vedant Fashions
- 6 FAQS
- 7 Conclusion
