Vedant Fashions reported 17.6% rise in consolidated net profit to Rs 150.35 crore on 14.7% increase in revenue from operations to Rs 441.43 crore in Q3 FY23 over Q3 FY22.
Consolidated profit before tax grew 18.1% to Rs 201.95 crore in the quarter ended 31 December 2022 as against Rs 170.96 crore reported in the same period a year ago.
Total expenses advanced 10.8% year on year to Rs 249.46 crore in Q3 FY23. Cost of raw material used stood at Rs 38.52 crore (up 9.4% YoY) while employee benefit expenses was at Rs 15.28 crore (down 14.68% YoY).
Vedant Fashions is primarily engaged in manufacturing, trading and sale of readymade ethnic wear for men, women and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev and Manthan.
The scrip advanced 1.63% to settle at Rs 1,159 on Friday, 27 January 2023.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app