Vedant Fashions Q1 net profit rises 15% on higher sales; Ravi Modi reappointed CMD
Author: CNBC-TV18 Markets·
Key Takeaways
- •Vedant Fashions Ltd posted a 15% rise in first-quarter net profit.
- •The profit growth was supported by higher sales.
- •Ravi Modi has been reappointed as chairman and managing director.
- •Vedant Fashions is the company behind the Manyavar brand.
- •The company’s shares ended at ₹406.70 on the BSE on July 25, up 1.12%.
Vedant Fashions Ltd reported a 15% rise in its first-quarter net profit, supported by higher sales, and Ravi Modi has been reappointed as chairman and managing director (CMD). The update adds a governance element alongside the quarterly earnings, giving investors a clearer view of both operating performance and leadership continuity in the company behind the Manyavar brand.
On Friday, July 25, shares of Vedant Fashions Ltd ended at ₹406.70 on the BSE, up ₹4.50, or 1.12%.