MANYAVAR

July 25, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C-1, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400051 Mumbai – 400001 NSE Symbol: MANYAVAR BSE Scrip Code: 543463 Madam / Sir, Sub : Submission of Investor Presentation–July 2026 | Vedant Fashions Limited (the ‘Company’) Ref : Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”) Pursuant to Regulation 30 read with Schedule III of the Listing Regulations, please find enclosed a copy of ‘Investor Presentation – July 2026’ issued in connection with the Unaudited Financial Results of Vedant Fashions Limited (“the Company”) for the quarter ended on June 30, 2026. The aforesaid Investor Presentation is also being made available on the Company’s website (www.vedantfashions.com). We request you to kindly take the aforesaid information on record and disseminate the same on your respective websites. Thank you. For, Vedant Fashions Limited _____________________ Navin Pareek Company Secretary and Compliance Officer ICSI Memb. No.: F10672 Encl – As above Vedant Fashions Limited Registered Office: 19, Canal South Road, Paridhan Garment Park, SDF-1. 4th Floor, A501-A502, Kolkata: 700015, Phone: +91 3361255353 Email: info@vedantfashions.com | Website: www.vedantfashions.com | CIN: L51311WB2002PLC094677 Vedant Fashions Limited Investor Presentation - Jul 2026 Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vedant Fashions Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness. Vedant Fashions Limited • 2 Introduction to Vedant Fashions Indian Wedding and Celebration Wear Brands 01 02 03 04 Headquartered in Kolkata, incorporated in One-stop destination with wide product Largest company in India in men’s Indian Omni-channel network of EBOs, MBOs, LFS 2002 by Mr. Ravi Modi, Vedant Fashions portfolio for every celebratory occasion; wedding & celebration wear by Revenue, & Online (own website & leading lateral e- offers Indian wedding & celebration wear aspirational yet value-for-money offering OPBDIT1 & PAT*. Commands dominant commerce platforms) for men, women & kids position in conventionally unorganized market 05 06 07 08 A. Domestic EBO Retail footprint (Q1 FY27) of 1.67 mn Manyavar brand is category leader in Delivers aristocratic & seamless customer Growing presence in women’s Indian sq. ft. across India (501 EBOs in 205 cities & towns in branded Indian wedding & celebration experience via aesthetic franchisee-owned wedding & celebration wear with Mohey - India) excluding SIS and International Stores; wear market with pan-India presence* EBOs Largest brand by number of stores with pan-India presence* B. SIS (Shop-in-shops) (Q1 FY27) of 65 K sq. ft. across India (136 doors in 103 cities with 31 cities, exclusive to SIS format only); C. International Stores (Q1 FY27) of 32 K sq. ft. globally (14 International Stores in 9 global cities); Source: *Crisil Report; As of FY20 (latest available); Note: (1) OPBDIT is Operating profit before depreciation, interest & tax; Vedant Fashions Limited • 4 What makes VFL Special Aspirational Yet Value for Money Curated Marketing Strategy with Multi Channel Presence o Aspirational Brand with Aristocratic & seamless customer experience o Emotional connect with theme-based campaigns o Uniform pricing across online & offline channels in India o Celebrity brand ambassadors o No discounts/ end-of-season sales for Manyavar brand o Omni-channel network with pan-India presence o Multi Decade growth Opportunity for the Category from here Multi-brand Product Portfolio Industry Leading Economics o One-stop destination with wide product portfolio for men, women & kids o World Class Financial Matrix in apparel retail being largest company in India in catering to all celebratory occasions across price points men’s Indian wedding & celebration wear by Revenue, OPBDIT & PAT* o Low level of obsolete & dead stock o Asset light & franchisee-led EBO distribution model with high cash conversion ratio o 52 Week Design collection Model o Leads the peer set in terms of financial & operational metrics Effective Governance Over Entire Ecosystem Strong Corporate Governance o Strong design capabilities with data-driven/ AI backed decision-making and o Experienced management with rich functional expertise demand forecasting o Big 4 statutory auditor coupled with eminent Board of Directors o Tech-driven unique supply chain & inventory mgmt. with Automated o Embraces ESG & promotes CSR Replenishment System at pin code level o Integrated secondary sales network with full visibility of products sold at our stores o Having First mover advantage, VFL scaled up and organized highly unorganized and fragmented category Source: *Crisil Report; As of FY20 (latest available) Vedant Fashions Limited • 5 Evolution Over the Years Brand Manyavar 1st EBO in Surpassed >INR Launched Mohey Strategic Acquisition Launched Twamev Listing on Stock Launch of Exclusive started operations Bhubaneshwar 1,000 mn EBO (Women’s of Mebaz (Men’s premium wear Exchanges Mohey Flagship EBO; via predecessor revenue Celebration Wear brand) Kedaara Capital Launch Celebration entity label) invested Crossed INR 10,000 mn wear Brand Diwas EBO revenue & 1 mn sq. ft. of EBO presence 1999 2008 2012 2015 2017 2019 2022 2024 2002 2011 2013 2016 2018 2021 2023 2026 Incorporated 1st International Official Indian Crossed INR 5,000 mn Official Sponsor of 2 Celebration Wear Launch of Exclusive Surpassed >INR Vedant Fashions store in Dubai Wear Partner of 3 in EBO revenue IPL teams Partner in Femina Twamev EBO’s 2,0000 mn - Pvt. Ltd. (UAE) IPL teams Miss India 2021 Retail Sales 1st Store in USA (Sale of our Customer’s) Vedant Fashions Limited • 6 Key Investment Highlights/ Our Strengths 01 02 03 Unique business model combining Market leader in Indian celebration Large & growing Indian wedding & asset-light brand play along with wear market with diversified brand celebration wear market driven by an seamless purchase experience; no portfolio across value spectrum for increased spending on such wear end of season sales/ discounts for entire family Manyavar brand 04 05 06 Attractive marketing initiatives of Widespread pan-India multi-channel Technology-based supply chain creating connections through presence through EBO network with network with strong processes in emotions scalable franchisee model place 07 08 09 Strong growth trajectory with Experienced & professional Experienced Board of Directors aided industry leading margins, return leadership team by professional partners metrics & healthy cash generation Vedant Fashions Limited • 8 Diversified Brand Portfolio Catering to Aspirations of Entire Family Brands Year Target Group Price Spectrum Distribution Product Portfolio Key Attributes Men: Kurta, Indo-western, Sherwani, o Category leader in branded Indian wedding & celebration EBOs, MBOs, LFS, jacket, accessories, Jodhpuri wear market with a pan-India presence* 19991 Men, Boys Mid - Premium E-commerce Kids: Kurta set, jacket set, Indo-western, accessories o No end of season sales or discounts for Manyavar brand o Largest brand by number of stores, with pan-India o Lehenga presence focusing women’s Indian wedding & celebration o Saree wear* EBOs & E- o Crop Top o Benefit from Manyavar’s leadership position & pan-India 2015 Women Mid - Premium commerce o Gown EBO footprint o Salwar Suit o Celebrity brand ambassador & campaigns like “Made for o Accessories Each Other”, “Jab Aap Taiyaar Hum Taiyaar” and “Mohey Rang Do” Men’s Women’s o Kurta set Saree o Upscale consumer experience EBO’s & E- o Sherwani Lahenga 2019 Men, Women’s Premium o Cross-sell premium offering to Manyavar customers commerce o Indo-western Crop Top o Priced between Manyavar & luxury boutique brands o Suit Gown o Accessories Accessories o Unique Sustainable offerings for Gen Z o Kurta o Large blend of product designs at value/ mid premium Value to Mid MBOs, E- 2024 Men o Kurta Set prices Premium commerce o Lowers o Aims to cater to Festive and Celebrations wear segment at PAN India level Men: Kurta, Indo-western, Sherwani, o South India focused regional brand; strong presence in AP Jacket, Suit, Accessories Mid – Premium to & Telangana 20172 Men, Women, Kids EBO’s Women: Lehenga, Saree, Suit, Kurti Premium o One-stop shop for ethnic celebration need of entire family Kids: Lehenga, Gown, Frock, Kurta, Suit, o Rich heritage brand with strong legacy Accessories Source: Crisil Report; *As of FY20 (latest available); Note: (1) Brand ‘Manyavar’ started operations via predecessor entity in 1999; (2) Brand ‘Mebaz’ was started in 2002 but was acquired by Company in 2017; Vedant Fashions Limited • 9 Our Growth Strategy Retail Expansion within Up-selling and cross- Enhancement of brand Significant potential and Disciplined approach and outside India selling initiatives appeal through targeted space for growth of our towards acquisitions marketing initiatives emerging brands Vedant Fashions Limited • 11 Q1 FY27 Key Highlights, Update and Financial Performance Company Key Performance Highlights • During Q1 FY27, Retail Sales (i.e, Sale of our Customers) grew by +3.4% as compared to Q1 FY26, • During Q1 FY27, domestic SSSG* (Same-Store Sales Growth) grew by +3.8% as compared to Q1 FY26; • The Company reported growth in Revenue from Operations by +7.2% in Q1 FY27 compared to Q1 FY26; • The Company continued to report industry-leading Gross Margin of 65.7 % in Q1 FY27; • During Q1 FY27, the Company reported PAT growth of +14.7% YOY, with a strong PAT Margin of 26.7%; Note: 1.* Domestic SSSG excludes SIS Stores and International Stores; Vedant Fashions Limited • 13 Wide Retail Reach and Presence Presence (As of June 2026) 1.67 mn Sq. ft. EBO’s Area* (Excluding SIS Stores of 65 K sq. ft.) (Excluding International Stores of 32 K sq. ft.) 501 EBO’s* (Excluding 136 SIS Stores) (Excluding 14 International Stores) 205 Domestic Cities and towns (Excluding SIS Stores in 103 cities, with 31 cities exclusive to SIS Stores format only) (Excluding International Stores in 9 Global cities) Net Rollout (Q1 FY27) - 15.1 k sq. ft. EBO’s Area * (Excluding SIS Stores net rollout area of (5.8) k sq. ft.) (Excluding International Stores net rollout area of (7.7) k sq. ft.) Note: Figures presented above pertain to Domestic EBOs only, our Core Retail Format, which best reflects the scale, performance, and brand experience of our network. Note: 1.* Domestic EBO’s Area and count (excluding SIS Stores and International Stores); Vedant Fashions Limited • 14 Key Retail Performance Overview and Financial Highlights INR in mn Retail Performance Q1 FY27 YoY Analysis (Sale of our Customers3) across Channels Q1 FY27 Vs Q1 FY26 Revenue from Operations Gross Profit1 & Gross Margin 66.9% Margins 65.7% +3.4% +7.2% +5.2% 4,195 1,979 4,057 3,014 1,881 2,812 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 EBITDA2 & EBITDA Margin PAT & PAT Margin 43.2% Margins 44.6% 25.0% Margins 26.7% +10.8% +14.7% Q1 FY26 Q1 FY27 1,214 1,345 703 806 VFL recorded domestic SSSG4 of +3.8%* in Q1 FY27 over Q1 FY26 Note:* Domestic SSSG excludes SIS Stores in India and International Stores and the same has been done Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 consistently in current and base period; Refer Note in “Slide 14” of presentation Note: Gross Profit = Revenue from Operations – Cost of Goods Sold; Cost of Goods Sold = Cost of Material Consumed + Changes in Inventories of finished goods, stock in trade & Work-in-progress + Purchase of stock-in-trade + Job Charges; Gross Margin = Gross Profit ÷ Revenue from Operations (2) Note for EBITDA = PBT + Finance cost + Depreciation - Interest Income - Dividend Income - Profit on sale of investments - Profit on fair valuation of investments carried at FVTPL; 3. Sales of our customers comprises of sales of products of our brands (a) made by our EBOs, LFSs and online channel customers, and (b) made by us to MBOs (including shop in - shops) and certain lateral e - commerce platforms customers at RSP; (4) SSSG stores for comparing with Q1 FY26 includes stores open on or before 31st Mar’ 2025 and running as on 30th Jun’ 2026; Vedant Fashions Limited • 16 Profit and Loss Statement Q1 FY27 INR in mn Quarter ended Year ended Particulars Jun 30, 2026 Jun 30, 2025 31-Mar-26 (Unaudited) (Unaudited) (Audited) Sr.no Income: I Revenue from operations 3,014 2,812 14,355 II Other income 297 258 935 III Total income ( I + II ) 3,311 3,070 15,290 IV Expenses: Cost of materials consumed - Raw materials 268 237 1,253 - Accessories & packing materials 39 38 176 Purchases of stock-in-trade 506 359 2,261 Changes in inventories of finished goods, stock-in-trade and work-in-progress 74 143 530 Employee benefits expense 152 156 661 Finance costs 130 141 563 Depreciation and amortisation expense 422 398 1,696 Other expenses 666 673 3,191 Total expenses 2,255 2,145 10,331 V Profit before tax (III-IV) 1,055 925 4,959 VI Tax expense: - Current tax 233 269 1,257 - Deferred tax 16 (46) (53) VII Profit for the period / year (V-VI) 806 703 3,755 Vedant Fashions Limited • 17 “Made for Each Other” Manyavar - Mohey Campaign featuring Rashmika and Vijay Vedant Fashions Limited • 18 Manyavar: Building Visibility & Consumer Connection Through Strategically Integrated Brand Initiatives & amplification Safari X Manyavar Shaadi Vijay Devarakonda AI Content Manyavar Shopping Made For Each Other ka Safar ft. Mukti Mohan & Experience Influencer Campaign Kunal Thakur Vedant Fashions Limited • 19 Mohey: Driving Brand consideration with brides through Influencer activations & Expert styling Made For Each Other Mohey x Stylist Mohey Influencer Campaign Association Time Capsule Vedant Fashions Limited • 20 Twamev: Continued Twamev's "Truly You" Proposition With "Product Is King" Storytelling Nupur Sanon - Celebrity Collab with Jewelry brand Female Influencer Activation Male Influencer Activation Association Vedant Fashions Limited • 21 Celebration and Festive Wear Brand “Diwas” Summer & Monsoon Focused Content Brothers’ Day ft. Diwas Vedant Fashions Limited • 22 Mebaz: Redefining and expanding the Brand from Wedding to Celebrations & All - Occasion wear OOH Campaign Influencer & stylist content Driving Engagement Through All-Occasion Celebration Wear Vedant Fashions Limited • 23 Long Track Record of Strong Growth Trajectory INR in mn Revenue & Sales of Customers Gross Profit1 EBITDA2 Sales of Customer Margins Margins 14,736 18,614 18,527 18,929 20,081 66.9% 67.4% 67.2% 67.2% 65.7% 50.1% 50.1% 48.6% 46.6% 44.3% 9,126 9,186 9,315 9,425 6,783 6,643 6,464 6,357 13,549 13,675 13,865 14,355 6,958 5,213 10,408 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 PBT PAT RoCE (Pre-Tax) 3 Margins Margins 40.6% 42.5% 40.1% 37.5% 34.5% 30.3% 31.7% 30.3% 28.0% 26.2% 95.32% 85.27% 4,291 4,142 75.38% 5,758 5,484 5,195 4,959 3,149 3,885 3,755 68.69% 63.09% 4,230 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Note: (1) Gross Profit = Revenue from Operations – Cost of Goods Sold; Cost of Goods Sold = Cost of Material Consumed + Changes in Inventories of finished goods, stock-in-trade & Work-in-progress + Purchase of stock-in-trade + Job Charges; Gross Margin = Gross Profit ÷ Revenue from Operations (2) Note for EBITDA = PBT + Finance cost + Depreciation - Interest Income - Dividend Income - Profit on sale of investments - Profit on fair valuation of investments carried at FVTPL; (3) ROCE = Numerator = PBT + Finance cost – (Interest income on fixed deposits, debentures, others + Profit on sale of investments + Profit on fair valuation of investments carried at FVTPL + Dividend income from mutual funds) Denominator = Net worth – (Current investment + Non current investment + Other bank balance) Vedant Fashions Limited •25 Awards and Accolades 2015 2024 2021 2019 “India Retail Champions Award” “National Retailer of the Year” “Transformational Contribution to Indian RAI Category “Most Admired Retailer of the year 4th Annual Indian Retail & Indian eRetail Apparel and Retail Industry” Apparel & Lifestyle category Marketing and Advertising campaign” Awards Ministry of Textiles and the Clothing Mapic India “Most Admired Fashion Brand of the Manufacturers Association of India “Excellence in Supply Chain Management year: Men’s Indian wear” “Best Employer Branding Award” Times Business Award for & Fulfillment” Images Fashion Award World HRD Congress and Stars Group “Best Men's Ethnic Wear Brand (East)” Images Retail Tech Award Times Group 2023 2020 2014 2018 “Entrepreneur Of The Year” Consumer Products and Retail “Men’s Indianwear” “Fastest Growing Company-maximum EY Images Excellence Award “Most Admired Retailer of the Year turnover INR 300 crore” Marketing & Promotions Campaign” ET Bengal Corporate Award “India Retail Champions Award” Images Retail Award Apparel & Lifestyle category "Retail Marketing Campaign of the Year “Pioneer in Ethnic Retail Business” #TaiyaarHokarAaiye” ABP News ET Now 2017 2022 “Excellence in Business Performance – 2008- Turnover between INR 300 Crore and 2010 1,000 Crore” “Most Admired Fashion Brand of the year: “Dream Employer of the Year” ET Bengal Corporate Award Men’s Indian Wear” World HRD Congress Images Fashion Award “Iconic Men’s Ethnic Brand” Central Icons “The Best of Bharat” Awards E4M Pride of India 2019 2015 2004- 2008 “Most Admired Fashion Brand of the “Retail Marketing Campaign of the Year” “Highest Job Creator - above INR 300 year: Men’s Indian wear” ET Now crore to INR 1000 crore” “Best Men's Ethnic Wear Brand” Images Fashion Award ET Bengal Corporate Award Central Icons Vedant Fashions Limited • 26 Glossary Term Description Company Vedant Fashions Limited The report titled “Assessment of the apparel industry with a special focus on Indian wedding and celebration wear market in India” dated Sep-2021 as updated Crisil Report by the addendum dated December 2021 prepared by CRISIL EBO Exclusive brand outlets of a brand or company ERP Enterprise resource planning system Apparel worn on special occasions such as weddings; close-knit family functions like puja, house warming, etc.; festivals such as Diwali, Eid, Holi and Indian wedding & celebration wear Rakshabandhan; and other events such as Independence Day and Republic Day Indo-western Combination of traditional Indian ethnic apparel & western wear LFS Large format stores MBO Multi-brand outlets Men’s ethnic wear or apparel Apparel including Kurtas, Indo-westerns, Sherwanis, jackets & other accessories OPBDIT Operating profit before depreciation, interest & tax Ready-to-wear Apparel made for general market & sold through shops rather than made to order for an individual customer RSP Retail selling price Includes sales of products of Company’s brands (a) made by Company’s EBOs, LFSs & online channel customers, & (b) made by Company to MBOs (including Sales of Customers shop-in-shops) & certain lateral e-commerce platforms customers at RSP SIS (Shop-in-shops) An arrangement where a separate retail space is allocated in stores for retailing Company’s products Women’s ethnic wear or apparel Apparel such as lehengas, sarees & stitched suits Vedant Fashions Limited • 27 COMPANY : Vedant Fashions Limited CIN : L51311WB2002PLC094677 Investor Relations Team investor.relations@manyavar.com www.vedantfashions.com INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Mr. Nikunj Jain nikunj.jain@in.mpms.mufg.com Ms. Mamta Nehra mamta.nehra@in.mpms.mufg.com Thank You