Vedant Fashions Limited — Quarter and year ended March 31, 2026
This document contains audited financial statements for the quarter and year ended March 31, 2026 (with comparative audited figures for March 31, 2025), along with an auditor’s report and other disclosures.
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| (a) Property, plant and equipment | 708.30 | 662.80 |
| (b) Right of use assets | 4,221.98 | 4,550.15 |
| (c) Goodwill | 157.11 | 157.11 |
| (d) Other intangible assets | 1,507.20 | 1,508.86 |
| (e) Intangible assets under development | 0.62 | 0.62 |
| (f) Financial assets | ||
| (i) Investments | 6,884.25 | 3,420.88 |
| (ii) Other financial assets | 1,023.00 | 941.38 |
| (g) Non-current tax assets (net) | 51.31 | 58.21 |
| (h) Other non-current assets | 76.65 | 102.32 |
| Total non-current assets | 14,630.42 | 11,402.33 |
| Current assets | ||
| (a) Inventories | 1,446.16 | 2,019.67 |
| (b) Financial assets | ||
| (i) Investments | 5,259.61 | 7,088.31 |
| (ii) Trade receivables | 6,511.57 | 6,186.12 |
| (iii) Cash and cash equivalents | 110.63 | 172.11 |
| (iv) Bank Balances other than (iii) above | 0.24 | 0.19 |
| (v) Other financial assets | 51.49 | 51.10 |
| (c) Other current assets | 517.05 | 545.92 |
| Total current assets | 13,896.75 | 16,063.42 |
| Total Assets | 28,527.17 | 27,465.75 |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| EQUITY AND LIABILITIES | ||
| Equity | ||
| (a) Equity share capital (Refer Note 2) | 242.97 | 242.94 |
| (b) Other equity | 19,400.39 | 17,620.16 |
| Total Equity | 19,643.36 | 17,863.10 |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| Liabilities | ||
| Non-current Liabilities | ||
| (a) Financial liabilities | ||
| (i) Lease liabilities | 3,058.10 | 3,411.88 |
| (ii) Deposits | 1,301.68 | 1,320.41 |
| (b) Provisions | 68.77 | 56.00 |
| (c) Deferred tax liabilities (net) | 192.47 | 262.31 |
| (d) Other non-current liabilities | 480.33 | 548.57 |
| Total non-current liabilities | 5,101.35 | 5,599.17 |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| Current Liabilities | ||
| (a) Financial liabilities | ||
| (i) Lease liabilities | 1,517.81 | 1,417.06 |
| (ii) Trade payables | ||
| – total outstanding dues of micro enterprises and small enterprises | 144.34 | 246.53 |
| – total outstanding dues of creditors other than micro enterprises and small enterprises | 480.04 | 776.89 |
| (iii) Other financial liabilities | 249.05 | 221.23 |
| (b) Other current liabilities | 1,311.97 | 1,271.92 |
| (c) Provisions | 7.35 | 3.24 |
| (d) Current tax liabilities (net) | 71.90 | 66.61 |
| Total current liabilities | 3,782.46 | 4,003.48 |
| Total liabilities | 8,883.81 | 9,602.65 |
| Total equity and liabilities | 28,527.17 | 27,465.75 |
| Particulars | Three months ended March 31, 2026 (Unaudited) (Refer Note 7) | Three months ended December 31, 2025 (Unaudited) | Three months ended March 31, 2025 (Unaudited) (Refer Note 7) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Revenue from operations | 3,994.27 | 4,917.09 | 3,674.36 | 14,354.79 | 13,864.83 |
| Particulars | Three months ended March 31, 2026 (Unaudited) (Refer Note 7) | Three months ended December 31, 2025 (Unaudited) | Three months ended March 31, 2025 (Unaudited) (Refer Note 7) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Other income | 263.36 | 214.39 | 220.57 | 935.18 | 851.57 |
| Particulars | Three months ended March 31, 2026 (Unaudited) (Refer Note 7) | Three months ended December 31, 2025 (Unaudited) | Three months ended March 31, 2025 (Unaudited) (Refer Note 7) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Total income (I + II) | 4,257.63 | 5,131.48 | 3,894.93 | 15,289.97 | 14,716.40 |
| Particulars | Three months ended March 31, 2026 (Unaudited) | Three months ended December 31, 2025 (Unaudited) | Three months ended March 31, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| – Raw materials | 286.82 | 436.09 | 450.12 | 1,253.41 | 1,584.84 |
| – Accessories & packing materials | 47.03 | 51.93 | 49.32 | 176.13 | 177.74 |
| Purchases of stock-in-trade | 574.92 | 887.35 | 732.50 | 2,260.57 | 2,552.49 |
| Changes in inventories of finished goods, stock-in-trade and work-in-progress | 313.57 | 99.05 | (261.52) | 529.71 | (623.94) |
| Employee benefits expense (Refer note 5) | 156.91 | 183.11 | 153.47 | 660.62 | 597.99 |
| Finance costs | 132.26 | 140.26 | 136.23 | 563.48 | 552.08 |
| Depreciation and amortisation expense | 438.72 | 442.10 | 394.62 | 1,695.56 | 1,530.61 |
| Other expenses | 826.58 | 1,078.62 | 893.16 | 3,191.20 | 3,149.63 |
| Total expenses (IV) | 2,776.81 | 3,318.51 | 2,547.90 | 10,330.68 | 9,521.44 |
| Particulars | Three months ended March 31, 2026 (Unaudited) | Three months ended December 31, 2025 (Unaudited) | Three months ended March 31, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Profit before tax (III – IV) | 1,480.82 | 1,812.97 | 1,347.03 | 4,959.29 | 5,194.96 |
| Particulars | Three months ended March 31, 2026 (Unaudited) | Three months ended December 31, 2025 (Unaudited) | Three months ended March 31, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Current tax | 324.12 | 478.32 | 332.69 | 1,256.76 | 1,260.98 |
| Deferred tax | 13.67 | (14.37) | 3.29 | (52.90) | 49.26 |
| Total Tax expense (VI) | 337.79 | 463.95 | 335.98 | 1,203.86 | 1,310.24 |
| Particulars | Three months ended March 31, 2026 (Unaudited) | Three months ended December 31, 2025 (Unaudited) | Three months ended March 31, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Profit for the period/year (V – VI) | 1,143.03 | 1,349.02 | 1,011.05 | 3,755.43 | 3,884.72 |
| Particulars | Three months ended March 31, 2026 (Unaudited) | Three months ended December 31, 2025 (Unaudited) | Three months ended March 31, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Re-measurement gain / (loss) on defined benefit obligations | 4.68 | 2.43 | 0.93 | 5.63 | (2.95) |
| Income tax effect on above | (1.18) | (0.61) | (0.24) | (1.42) | 0.74 |
| Particulars | Three months ended March 31, 2026 (Unaudited) | Three months ended December 31, 2025 (Unaudited) | Three months ended March 31, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Fair value changes in debt instruments through other comprehensive income | (74.30) | (17.18) | 22.55 | (72.95) | (2.37) |
| Income tax effect on above | 18.70 | 4.32 | (5.67) | 18.36 | 0.60 |
| Other comprehensive income/(loss) for the period/year, net of tax | (52.10) | (11.04) | 17.57 | (50.38) | (3.98) |
| Particulars | Three months ended March 31, 2026 (Unaudited) | Three months ended December 31, 2025 (Unaudited) | Three months ended March 31, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Total comprehensive income for the period/year | 1,090.93 | 1,337.98 | 1,028.62 | 3,705.05 | 3,880.74 |
| Particulars | Three months ended March 31, 2026 (Unaudited) | Three months ended December 31, 2025 (Unaudited) | Three months ended March 31, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Paid-up equity share capital (face value of INR 1 each)(Refer Note 2) | 242.97 | 242.97 | 242.94 | 242.97 | 242.94 |
| Other Equity | – | – | – | 19,400.39 | 17,620.16 |
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Profit before tax | 4,959.29 | 5,194.96 |
| Depreciation and amortisation expenses | 1,695.36 | 1,530.61 |
| Loss/(Profit) on sale of property, plant and equipment (net) | 0.59 | (1.35) |
| Interest income | (380.98) | (263.66) |
| Profit on sale of investments (net) | (178.96) | (151.35) |
| Gain on fair valuation of investments carried at FVTPL | (293.36) | (398.97) |
| Loss allowances on financial assets | 7.41 | 7.27 |
| Bad debts/advances written off | 0.65 | 5.96 |
| Liabilities/provisions no longer required written back | (37.30) | (17.76) |
| Unrealised net loss/(gain) on foreign currency transactions and translations | 0.05 | (0.46) |
| Equity settled share-based payments | 7.28 | 5.59 |
| Gain on termination of lease arrangements | (19.07) | (6.47) |
| Interest expense on lease liabilities | 435.72 | 433.22 |
| Interest expense on others | 0.10 | 0.20 |
| Interest expense on financial liabilities measured at amortised cost | 127.66 | 118.66 |
| Other miscellaneous income | (2.21) | – |
| Operating profit before working capital changes | 6,322.23 | 6,456.45 |
| Increase in financial assets | (59.58) | (28.08) |
| Decrease/(Increase) in other assets | 47.59 | (96.88) |
| Increase in trade receivables | (332.06) | (553.00) |
| Decrease/(Increase) in inventories | 573.51 | (633.37) |
| Increase in provisions | 22.51 | 7.13 |
| (Decrease)/Increase in trade payables | (368.39) | 147.48 |
| Decrease in other financial and non-financial liabilities | (146.80) | (157.96) |
| Cash generated from operating activities | 6,059.01 | 5,141.77 |
| Income tax paid (net of refund) | (1,244.57) | (1,255.76) |
| Net cash generated from operating activities (A) | 4,814.44 | 3,886.01 |
| Acquisition of property, plant and equipments, capital work in progress & intangible assets (including capital advances) | (123.05) | (31.15) |
| Proceeds from sale of property, plant and equipments (including advance received) | 7.27 | 24.31 |
| Interest received | 323.00 | 256.25 |
| Acquisition of investments | (23,097.67) | (18,730.96) |
| Proceeds from sale of investments | 21,870.40 | 18,322.72 |
| Net cash used in investing activities (B) | (1,020.05) | (158.83) |
| Principal payment of lease liabilities | (1,488.00) | (1,295.77) |
| Interest paid on lease liabilities | (435.72) | (433.22) |
| Interest paid other than interest on lease liabilities | (0.13) | (1.09) |
| Proceeds from exercise of shares options | 11.59 | 22.61 |