Vedant Fashions (Manyavar) Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹11,846 Cr
- Book Value
- ₹80.9
- Stock P/E
- 30.7
- Dividend Yield
- 1.65%
- ROE
- 20.0%
- ROCE
- 23.6%
- PEG Ratio
- 1.27
- EV/EBITDA
- 16.7
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Technical snapshot
EOD ·Vedant Fashions Ltd closed at ₹542.60 on 19 August 2026, up 1.1% on the day, 25.1% above its 50-day average, 31.9% below its 52-week high, with volume at 0.11× its 20-session average.
- RSI 14
- 81.5
- vs 50-day SMA
- +25.1%
- vs 200-day SMA
- +15.1%
- From 52-week high
- -31.9%
- Relative volume
- 0.11×
- 20-day return
- +33.1%
End-of-day prices from exchange-published files (NSE/BSE bhavcopy), updated after market close. Descriptive statistics, not investment advice.
Vedant Fashions share price today
Vedant Fashions (NSE: MANYAVAR) owns the Indian wedding’s dress code. Manyavar made branded ethnic menswear a category — the sherwani a groom rents-or-buys is, more often than not, theirs — with Mohey (women’s), Twamev (premium) and Manthan extending the franchise. The economics are franchise-model luxury: 43.9% operating margins (company designs and distributes; franchisees carry the retail capital), 23.6% ROCE, and inventory analytics used to allocate stock across the franchise network.
The stall is real: sales have been flat for three years as post-COVID wedding normalisation and value-retail competition bit. At 30.7×, the debate is simple: growth has stalled, but the brand has not. Re-acceleration still needs to appear in same-store sales.
The monopoly that paused
Category monopolies stall differently from broken companies: Manyavar’s share of organised ethnic menswear remains dominant, store economics stay franchise-profitable, and the wedding calendar guarantees demand’s floor. The bear case is that value brands (and rental culture) cap the celebration-wear wallet; the bull case is that premiumisation resumes with the consumption cycle and the women’s-wear build-out (Mohey) finally scales. At a PEG of 1.27 with a 1.65% yield, the price no longer assumes the bull case.
What matters next: same-store sales growth (the re-acceleration signal), Mohey’s traction, wedding-date density by season, and franchisee-expansion pace resuming.
The numbers
Financial snapshot — 5 August 2026
| Metric | Value |
|---|---|
| Market cap | ₹11,846 Cr |
| P/E (TTM) | 30.7 |
| EV/EBITDA | 16.7 |
| Operating margin | 43.9% |
| ROE / ROCE | 20.0% / 23.6% |
| Debt to equity | 0.23 (leases) |
| Sales CAGR (5y) | 21.5% |
| Profit CAGR (5y) | 24.2% |
| Promoter holding | 74.9% |
| EPS (TTM) | ₹15.83 |
Vedant Fashions share price target 2026 to 2030
EPS base ₹15.83 (TTM). Bear: the stall is structural — 5% growth, multiple at 20×. Base: consumption revives, stores expand again — 11% growth at 27×. Bull: premiumisation returns with Mohey scaling — 16% growth at 34×.
From ₹486, the base case is ≈ +48% over four and a half years plus the 1.65% yield; the bear is −17%. A category leader in pause still needs proof from same-store growth rather than confidence in the brand alone.
What supports the case
- The wedding-wear category monopoly — occasion demand with a cultural floor.
- 44% operating margins from the franchise model’s capital-light design.
- The multiple has already de-rated to reflect the stall — PEG 1.27.
- Mohey (women’s) is a second Manyavar-sized addressable market.
- A 1.65% yield from genuinely surplus cash while waiting.
The risks: flat sales could reflect a structural value shift rather than a pause, rental culture nibbles at purchase occasions, and franchise expansion needs same-store health to resume.
What to weigh at the current price
The tension is whether Manyavar can restart same-store growth and scale Mohey before value retail or changing wedding habits turn a temporary pause into structural stagnation.
FAQ
What is the Vedant Fashions share price target for 2030? The table above sets out bear, base and bull scenarios for each year to 2030. They are valuation sensitivities, not promised prices.
Why have sales been flat for three years? Post-COVID wedding-splurge normalisation, value-retail competition in celebration wear, and a cautious discretionary consumer — category headwinds, not brand share loss.
What is the franchise model’s advantage? Franchisees fund the stores; Vedant designs, manufactures and manages inventory analytics. The company earns brand economics (44% OPM) without retail capital intensity.
When are Vedant Fashions’ next results? Check the results calendar and confirm the announced date in the relevant exchange filing.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.