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Indian Fashion Stock Down Over 50% in 2025
20 Dec
Summary
- Stock price has fallen 54% since the start of the year.
- Net profit declined 52% year-on-year in the September quarter.
- Company is India's largest player in men's wedding wear.
The stock of India's largest men's wedding and celebration wear provider has seen a dramatic decrease, plummeting 54% since the beginning of 2025. This significant drop impacts well-established brands like Manyavar, Mohey, Mebaz, and Twamev, all under the company's umbrella.
Financial performance in the September quarter was considerably weak, with net profit experiencing a substantial 52% year-on-year decline, settling at Rs 66.4 crore. Revenue also contracted by 8% to Rs 555 crore during the same period.
Management cited deferred shipments from its CDMO and FDF facilities as the primary reason for the revenue shortfall. Despite these challenges, the company remains a dominant force in the Indian market for men's attire designed for weddings and special occasions.
