Vedant Fashions - Building Optimism: Motilal Oswal

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Manyavar owner Vedant Fashions Ltd. has successfully achieved scale within the men’s celebration and occasion wear markets, which is difficult to replicate. While the company has a healthy runway for growth with footprint additions in Manyavar, coupled with expansions in Mohey (women's celebration wear) and Twamev (premium celebration wear), weak consumption remains a concern. The stock has corrected 37% from its 52-week high (in December 2024) owing to a weaker revenue trajectory. Assuming a recovery in H2 FY25 and building in a 22% profit after tax compound annual growth rate over FY24-FY26, we believe the stock is fairly priced given the slowdown in consumption. Demand recovery and scaling up of emerging brands would remain the key catalysts for the stock. The stock is currently trading at 38 times on FY26E. We are factoring in 18%/22% revenue/PAT CAGR over FY24-26E. Reiterate Neutral with a target price of Rs 1,010, valuing the stock at 40 times FY26E price/earning..Click on the attachment to read the full report:.Brokerage Views: Citi On Marico, Britannia, Emkay On Godrej Consumer And More.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Vedant Fashions - Building Optimism: Motilal Oswal

Weak performance in the last five quarters; expect recovery from Q2 FY25

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Vedant Fashions - Building Optimism: Motilal Oswal

Weak performance in the last five quarters; expect recovery from Q2 FY25

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