VEDANT FASHIONS MANYAVAR
Post-pandemic, Indians shopped...till they dropped (in FY24)
Pent-up demand post-Covid led to booming sales in athleisure wear and lifestyle products. Kumar Rajagopalan notes the unsustainable high growth post-pandemic and the impact on consumer spending.
Nikhil Kamath, Manyavar family office may join A91 in Rare Rabbit’s Rs 500 crore funding
Bootstrapped till now, Rare Rabbit clocked revenue of over Rs 600 crore in fiscal 2024, with an operating profit of more than Rs 100 crore, as per sources in the know. Along with Rare Rabbit, the brand's parent company Radhamani Textiles also owns women's premium fashion brand Rareism and everyday wear brand Articale.
There is a big new star in Indian men's apparel market
During the period under review, sherwanis have emerged as a standout category, making up more than a quarter of all sales, the report (by Rupali Mukherjee) said quoting Ashish Mukul, brand head at Tasva.
Wedding-related consumption remains muted amid fewer dates, slowdown
As per industry estimates, sales of categories like ethnic wear and wedding wear, gold jewellery and electronic household appliances have declined by 10-20% in FY24 till February as compared to the same period in FY23. However, luxury and premium products bucked the trend of sales decline mirroring the overall trend in consumption, chief executives said.
Beneficiaries of move to organized sector: 4 branded apparel makers with an upside potential of up to 37%
Why do multinational companies, whose half of the products are outsourced to much smaller manufacturing units still enjoy a higher multiples than many others. Simple answer, they own the brands and hence the pricing power. There are many sectors where brands play an important role. Branded apparel space has seen many tailwinds, right from implementation of GST which removed the tax arbitrage between organized and unorganized players to something which is not heard much on the street, which is China plus one sourcing. Is this industry finally reaching a stage where scale and brands will get desired valuations.
Vedant Fashions OFS subscribed 2.24 times
The promoters of Vedant Fashions, owner of ethnic wear brand Manyavar, are selling up to 9.88% stake or 2.40 crore company shares through an OFS. Retail investors can bid for the OFS on Friday, May 19, above the indicative price of ₹1,206.35. Shares of Vedant Fashions ended flat at ₹1,248.85.
Manyavar promoters to launch OFS
The base issue comprises up to 1.70 crore shares of the company representing 7% of the total equity, with a green shoe option of 69.88 crore shares representing 2.88% stake.
Weekly Top Picks: 4 stocks with consistent score improvement & upside potential of up to 68%
Is the up move of Nifty on friday, a dead cat bounce or it is the start of a sustainable rally. Rather than worrying about it is better to focus on stocks. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Weekly Top Picks: 4 stocks with consistent score improvement and upside potential of up to 59%
Once again the US banking system has given jitters to global markets. However, even before that market has been under the control of bears. Stocks which have seen a constant improvement in their scores even in such volatile times are worth looking at. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Long term wealth creation; 7 stocks with high ROE
Every industry has different operating conditions which have high correlation with the kind of ROE they generate and how sustainable that number is. Of all the stocks, which our algorithms come up with, we took companies from three sectors, speciality chemicals, specialty retail chain and an auto ancillary company which is focussed on EV space and has been able to get an early lead. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
JSW Group chairman Sajjan Jindal bags 'Entrepreneur of the Year 2022' title
The 7-member jury led by K V Kamath, former chairman of ICICI Bank, selected Sajjan Jindal as the EOY 2022 winner for transforming the conglomerate with a wide-ranging presence in the steel, cement, infrastructure, energy, and paints sectors, into a highly successful business with revenues amounting to $22 billion.
EY reveals 12 finalists for 2022 Entrepreneur of the Year Awards in India
The 12 honorees, comprising 11 finalists and one recipient of the lifetime achievement award, boast a combined revenue of over Rs 2,00,000 crores and employ over 80,000 individuals with a market capitalisation of over Rs 5,00,000 crore.
Raymond has big plans for big fat Indian weddings
Raymond has seen a strong recovery post Covid. It also entered the real estate business using its land parcel in Thane and has started other joint development projects in Mumbai. These projects have a net positive cash flow thanks to land ownership and delivery before schedule.
5 textile and consumption plays to bet on now: Daljeet Singh Kohli
"We have chosen the pure play part which is more on Manyavar and Vedant Fashions. In other consumption plays, we have Varun Beverages, Tata Consumer and Jubilant Food. There is a lot of consumption plays already in the portfolio in various strategies. Raymond we like but because it is a combination of real estate and apparel, we are not clear what we are banking on, although we are very gung-ho about real estate. "
Can Vedant Fashion be the next Titan or Page Industries? Manish Sonthalia answers
“My sense is these guys have very high gross margins of around 75% and EBITDA margins of 40%. One just needs to have a handle on growth and going into the near future and even the distant future, a lot of terminal value is still sitting because 75% of the market is unbranded.”
Vedant Fashions an expensive, high-risk bet on ethnic wear
Incorporated in 2002, Kolkata headquartered Vedant fashions offers men’s ethnic wear across various price points. Its Manyavar brand is targeted at mid-price customers while Twamev and Manthan cater to high-end customers.
Manyavar-owner Vedant Fashions collects Rs 945 cr from anchor investors ahead of IPO
Government of Singapore, Monetary Authority of Singapore, Fidelity, Nomura, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, BNP Paribas Arbitrage and Societe Generale are among the anchor investors.
Manyavar-owner Vedant Fashions IPO to open on Feb 4
The public issue is purely an offer-for-sale of 3,63,64,838 equity shares by the promoter and existing shareholders.
Manyavar-owner Vedant Fashions gets Sebi nod to float IPO
The offer-for-sale comprises sale of up to 1.74 crore shares by Rhine Holdings Ltd; up to 7.23 lakh shares by Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF I; and up to 1.81 crore shares by Ravi Modi Family Trust.
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