Vaibhav Global Share Price

Conference Call with Vaibhav Global Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.

• Trendlyne
• 1 month ago

Apparels & Accessories company Vaibhav Global announced Q4FY26 & FY26 results Standalone Financial Highlights: Revenue from Operations: Q4FY26: Rs 13,584.69 lakh, compared to Rs 14,533.02 lakh in Q3FY26 (QoQ decrease of 6.53%) and Rs 17,062.25 lakh in Q4FY25 (YoY decrease of 20.38%). FY26: Rs 56,327.61 lakh, compared to Rs 67,364.50 lakh in FY25 (YoY decrease of 16.38%). Total Income: Q4FY26: Rs 17,858.90 lakh, compared to Rs 18,003.49 lakh in Q3FY26 (QoQ decrease of 0.80%) and Rs 20,626.23 lakh in Q4FY25 (YoY decrease of 13.42%). FY26: Rs 71,332.24 lakh, compared to Rs 79,799.18 lakh in FY25 (YoY decrease of 10.61%). Net Profit for the Period: Q4FY26: Rs 14,310.74 lakh, compared to Rs 3,757.03 lakh in Q3FY26 (QoQ increase of 280.91%) and Rs 8,262.05 lakh in Q4FY25 (YoY increase of 73.21%). FY26: Rs 25,655.48 lakh, compared to Rs 18,402.81 lakh in FY25 (YoY increase of 39.41%). Consolidated Financial Highlights: Revenue from Operations: Q4FY26: Rs 93,470.74 lakh, compared to Rs 1,06,602.51 lakh in Q3FY26 (QoQ decrease of 12.32%) and Rs 84,979.59 lakh in Q4FY25 (YoY increase of 10.00%). FY26: Rs 3,69,178.57 lakh, compared to Rs 3,37,957.68 lakh in FY25 (YoY increase of 9.24%). Total Income: Q4FY26: Rs 94,725.20 lakh, compared to Rs 1,07,114.88 lakh in Q3FY26 (QoQ decrease of 11.57%) and Rs 85,807.28 lakh in Q4FY25 (YoY increase of 10.39%). FY26: Rs 3,73,305.56 lakh, compared to Rs 3,40,761.63 lakh in FY25 (YoY increase of 9.55%). Net Profit for the Period: Q4FY26: Rs 9,113.98 lakh, compared to Rs 8,980.42 lakh in Q3FY26 (QoQ increase of 1.49%) and Rs 3,408.33 lakh in Q4FY25 (YoY increase of 167.41%). FY26: Rs 26,612.91 lakh, compared to Rs 15,313.02 lakh in FY25 (YoY increase of 73.81%). Business Highlights: Dividend: The Board recommended a Final Dividend of Rs 1.50 per equity share (face value of Rs 2/-) for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing AGM. Annual General Meeting (AGM): The Board has convened the 37th AGM of the Company for Tuesday, August 4, 2026. Exceptional Items: The Company reported an exceptional gain of Rs 17.53 lakh in Q4FY26, primarily due to a grant income for Shop LC Global Inc., USA, partly offset by impairment losses on goodwill and loans. Taxation: The Company elected to transition to the new tax regime effective April 1, 2026, and recognized an incremental deferred tax asset of Rs 4,670.93 lakh related to MAT credit in the current year. Regulatory/Legal: The Company concluded survey proceedings by the Income Tax Department (ITD) initiated in November 2021 in its favor. Additionally, proceedings related to earlier assessment years (2011-12 to 2015-16) were quashed by the High Court of Rajasthan, though a Special Leave Petition (SLP) by the ITD remains pending at the Supreme Court. Sunil Agrawal, Managing Director, Vaibhav Global Limited, said: “We are pleased to report another strong quarter with revenue growing 10.0% YoY to Rs 935 crore, while EBITDA increased 36.0% YoY, resulting in EBITDA margins returning to double digits after three years. The improvement reflects the strength of our business model, disciplined execution and continued focus on operational excellence. Gross margins improved to 63.9%, supported by a favorable product mix, higher contribution from in-house brands and continued efficiency initiatives across the organization. During the quarter, our in-house brands contributed ~53% to the B2C revenue mix, enabling us to achieve our FY27 target of 50%+ in-house brand contribution well ahead of schedule. The increasing share of in-house brands is strengthening customer engagement and loyalty, while also improving our margin profile through better control over product assortment, pricing and evolving consumer preferences. This strategic transition not only enhances profitability but also strengthens our long-term competitive positioning and brand equity. Our digital business continued to witness healthy momentum, with digital revenue mix increasing to 44% during the quarter. We continue to make focused investments in technology and AI-led capabilities to create a more personalized and customer-centric shopping experience across platforms. These initiatives are helping us enhance customer engagement, improve marketing efficiency, increase conversion metrics and optimize operating costs, thereby creating a scalable and future-ready business model. Margin improvement during the quarter was also driven by technology adoption across functions, supply chain optimization and better inventory management. We believe these operational and technology-led initiatives will continue to support gradual and sustainable margin expansion going forward. We are also encouraged by the improving performance of our Germany operations, which turned positive during the quarter. With improving scale, stronger customer response and enhanced operating efficiencies, we remain confident about the long-term potential of the market and expect continued improvement in overall business performance. Backed by a strong balance sheet and healthy liquidity position, the Company continues to maintain a net cash position of Rs 296 crore, providing significant financial flexibility and strong visibility to support future growth initiatives, technology investments and business expansion opportunities. Our strong cash generation and prudent capital allocation approach position us well to navigate evolving market conditions while continuing to drive profitable growth and long-term value creation for all stakeholders.” Result PDF

• Trendlyne
• 1 month ago

Apparels & Accessories company Vaibhav Global announced Q3FY26 results Revenue: Achieved maiden quarterly revenue over Rs 1,000 crore, Q3FY26 revenue at Rs 1,066 crore, reflecting 9.1% YoY growth- ahead of our guidance. Gross margin: 63%- led by better realisation and cost efficiencies. EBITDA increased 26% YoY, with a 170 bps margin expansion to 13.2%, supported by operating leverage and cost discipline. Profit After Tax (PAT): Rs 90 crore, up 41% YoY. Balance Sheet: Remains strong with a net cash position of Rs 213 crore. Return Ratios: ROCE at 21% and ROE at 15%. Digital Revenue Mix: 42% of B2C revenue. In-House Brands: Contributed 48% of gross B2C revenue, up from 31% in Q3FY25. Sunil Agrawal, Managing Director, Vaibhav Global, said: “We delivered a strong and broad-based performance this quarter, with revenue crossing Rs 1,000 crore for the first time and growth ahead of our guidance. Margin expansion and profit growth were driven by operating leverage, disciplined cost management, and the strength of our vertically integrated model. Execution remained resilient across geographies despite a dynamic macro environment, with Germany turning profitable during the quarter. Supported by a strong balance sheet, with a net cash position of Rs 213 crore, we remain well positioned to sustain profitable growth while maintaining our FY26 guidance and medium-term outlook.” Result PDF

• Trendlyne
• 4 months 4 weeks ago