Vedant Fashions reports Q4 earnings, shares decline after profit dip

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Vedant Fashions Ltd has announced its financial results for the March quarter, reporting a revenue of 3.67 billion rupees and a net profit of 1.01 billion rupees. Despite stable earnings, the company’s stock fell by 4.6 percent following the announcement, reflecting investor concerns over profitability trends.

Key highlights

- Quarterly revenue performance
Vedant Fashions posted revenue of 3.67 billion rupees from operations in the March quarter, showing a marginal increase compared to the previous year.

- Profitability and earnings stability
The company reported a net profit of 1.01 billion rupees, marking a decline from the previous quarter, which contributed to the stock price drop.

- Dividend declaration
A final dividend of 8 rupees per share has been proposed, subject to shareholder approval at the upcoming annual general meeting.

- Market reaction and investor sentiment
Following the earnings announcement, Vedant Fashions shares fell by 4.6 percent, reflecting investor concerns over the profit decline and future growth prospects.

Sources: CNBC-TV18, MarketScreener, Vedant Fashions Ltd official reports