Analysts Are Updating Their Vedant Fashions Limited (NSE:MANYAVAR) Estimates After Its Second-Quarter Results

Last week, you might have seen that Vedant Fashions Limited (NSE:MANYAVAR) released its second-quarter result to the market. The early response was not positive, with shares down 6.2% to ₹646 in the past week. Revenues of ₹2.6b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at ₹2.31, missing estimates by 3.7%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Taking into account the latest results, the current consensus from Vedant Fashions' ten analysts is for revenues of ₹15.0b in 2026. This would reflect a credible 5.6% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to rise 6.2% to ₹16.85. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹15.1b and earnings per share (EPS) of ₹17.07 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

See our latest analysis for Vedant Fashions

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹813. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Vedant Fashions at ₹930 per share, while the most bearish prices it at ₹729. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Vedant Fashions' rate of growth is expected to accelerate meaningfully, with the forecast 12% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 3.1% p.a. over the past three years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 13% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Vedant Fashions is expected to grow at about the same rate as the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at ₹813, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Vedant Fashions analysts - going out to 2028, and you can see them free on our platform here.

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.