Vaibhav Global Ltd. Results

Q2FY25 Quarterly Result Announced for Vaibhav Global Ltd.

Apparels & Accessories company Vaibhav Global announced Q2FY25 results Revenue: Q2 revenue growth of 13% YoY. Volume growth: 9.3% YoY. Digital revenue mix: 39% of B2C revenue. Improved realization and favorable product mix, supported by in-house supply chain led gross margins to 63.5%. EBITDA margin of 8.7%. PAT for the quarter: Rs 28 crore. ROCE at 17% and ROE at 10%. Strong balance sheet: Net cash positive balance of Rs 100 crore. Sunil Agrawal, Managing Director, Vaibhav Global, said: In Q2, we achieved 13% year-over-year revenue growth, aligning with our stated guidance. We maintained gross margins at 63.5%, supported by our strategic pricing and a favourable product mix. Our investments towards scaling digital businesses, acquisition of new households and operational efficiencies continue to support business growth while maintaining profitability. Our unique customer base has once again reached an all-time high of 682,000. We are also celebrating the first anniversary of acquiring Ideal World and Mindful Souls BV. Both the businesses are performing as expected and are positioned for a stronger outlook. Our balance sheet remains strong with a net cash position of Rs 100 crore. We are on track to meet our full-year revenue guidance of 14% to 17% with operating leverage. Additionally, the Board has declared second interim dividend of Rs 1.5 per equity share, representing 89% payout.

Q1FY25 Quarterly Result Announced for Vaibhav Global Ltd.

Apparels & Accessories company Vaibhav Global announced Q1FY25 results: Financial Highlights: Revenue: Q1 revenue growth of 15% YoY Volume growth: 20% YoY Digital revenue mix: 40% of B2C revenue Better pricing, favourable product mix and efficient sourcing led gross margins to 66.1% EBITDA margin of 8.7% PAT for the quarter: Rs 27 crore ROCE at 17% and ROE at 10% Strong balance sheet: Net cash positive balance of Rs 158 crore Business Highlights: Unique Customers (TTM basis): 6.4 lakhs. 5 years CAGR of 13% New Registrations & Acquisition: 3.3 lakhs Ideal World: Profitable on a direct cost basis Awarded with ‘IGJ Award’ by ‘The Gems & Jewellery Export Promotion Council (GJEPC)’ for being ‘Highest Exporter of Cut & Polished Coloured Gemstones during FY23’ ‘Your Purchase Feeds…’: Over 90 million meals donated since inception Commenting on the performance for Q1 FY25 Sunil Agrawal, Managing Director, Vaibhav Global Limited, said, In accordance with our stated guidance, we achieved a 15% YoY revenue growth. Improved realizations, favourable product mix and efficient sourcing led to stronger gross margins. Our investments in digital initiatives and optimized G&A; expenses support long-term value creation while maintaining profitability. Our unique customer base has reached an alltime high of 6,36,000. We maintain a strong balance sheet with a net cash positive balance of Rs 158 crore. We reaffirm our full-year revenue guidance of 14% to 17% along with operating leverage. The Board has declared first interim dividend of Rs 1.5 per equity share, representing a 90% payout

Q4FY24 Quarterly Result Announced for Vaibhav Global Ltd.

Apparels & Accessories company Vaibhav Global announced Q4FY24 results: Revenue: Q4 revenue growth of 14% YoY. Volume Growth: 26% YoY. Digital Revenue Mix: 39% of B2C revenue. Better realization led Gross Margins to 62.7%. EBITDA margin of 8.1%. YoY higher by 15%. PBT for the quarter is Rs 36 crore, higher by 18% YoY. ROCE at 19% and ROE at 10%. Lean balance sheet: Net cash positive balance of Rs 167 crore. Robust cash generating business model: Free cash flow and operating cash flow of Rs 230 crore and Rs 270 crore respectively Commenting on the performance for Q4 FY24, Sunil Agrawal, Managing Director, Vaibhav Global Limited, said, In line with our stated guidance, we demonstrated healthier operational performance with a revenue growth of 14% and 13% during Q4 and FY24 respectively. Higher gross margins drove overall profitability. We foresee continued momentum in FY25 and beyond. Positioned to capitalize on future growth opportunities, generate robust cash flows, and deliver meaningful returns to stakeholders.

Q3FY24 Quarterly Result Announced for Vaibhav Global Ltd.

Apparels & Accessories company Vaibhav Global announced Q3FY24 results: Financial Performance Highlights: Revenue Growth: Q3FY24 revenue increased by 23% YoY. Digital Revenue Mix: Contributed to 40% of B2C revenue. Gross Margins: Industry-leading at 62.4%. EBITDA Margin: 11.1%, showing an improvement of 30% YoY. Profit Before Tax (PBT): Rs. 72 crore, marking a rise of 32% YoY. Operating Leverage: Improvement in margins due to better gross margins and operating leverage. Return Ratios: Return on Capital Employed (ROCE) stood at 18% and Return on Equity (ROE) at 11%. Interim Dividend: The company declared a third interim dividend of Rs 1.50 per share. Key Recent Development and Business Metrics: Ideal World: Reached profitability on a direct cost basis in Q3FY24. Mindful Souls BV: Operating with profitability at a 10% PBT margin. Unique Customers: Totalled 5.4 lakhs on a trailing twelve-month basis, with a 5-year compound annual growth rate (CAGR) of 9%. Community Initiative ('Your Purchase Feeds...'): The program has provided over 84 million meals since inception, with a run rate of approximately 66,000 meals donated every school day. Commenting on the performance for Q3FY24, Sunil Agrawal, Managing Director of Vaibhav Global, stated, "Strong operational performance with revenue growth of 23% YoY. Better gross margins along with operating leverage led to improved profitability margins. We reiterate our guidance of 13% to 15% topline growth in FY24 and a high teen range in FY25 with decent operating leverage. Having achieved market-leading growth, we are optimistic about our prospects and believe that the outlook remains promising and compelling."