Fashion is a Bollywood drama that follows the story of a small-town girl Meghna Mathur (Priyanka Chopra), who aspires to be a supermodel. Meghna moves to Mumbai, and in a fashion show, she meets supermodel Shonali Gujral (Kangana Ranaut). Meghna is mentored by another aspiring model, Janet (Mughda Godse), and she finally gets a big break to model for a fashion show organized by Panache, a major modeling agency. She becomes a successful model, but her changed attitude makes her lose her close friends. After being in the industry for a while, Meghna realizes that in this corrupt world of glamour, success comes at a price.