India, Aug. 4 -- According to the company's own assessment, the wedding and celebration wear market in India is still significantly underdeveloped. An increasing number of consumers are choosing organised, branded ethnic wear over tailored or unbranded options due to rising disposable incomes, the growing popularity of destination weddings, and increased spending across the various events that now comprise an Indian wedding.

Vedant Fashions shares closed on Tuesday at Rs.485.90 per share, up 16.04% from its previous close of Rs.418.75. It has a market capitalisation of Rs.11,857.34 crore and is trading at a P/E of 26.37 times.

Scale As A Competitive Moat The Indian wedding industry continues to be one of the country's largest segments ...