Vedant Fashions Q1 profit rises 15%, reappoints Ravi Modi

Vedant Fashions, owner of ethnic wear brand Manyavar, reported a 14.7% increase in net profit to ₹80.6 crore for Q1 FY27, with revenue up 7.2% to ₹301.4 crore. EBITDA margin improved to 43.5%. The board also approved the reappointment of Ravi Modi as Chairman and Managing Director for a five-year term, along with other directors, subject to shareholder approval.