Apparels & Accessories company Vaibhav Global announced Q1FY26 results Revenue: Q1 revenue of Rs 814 crore, up 8% YoY. Strong gross margin: 63.8% led by advance inventory planning (amidst tariff concern) and favorable product mix. EBITDA margin: 9.2% (+50 bps YoY improvement led by cost rationalization and operating leverage). Profit After Tax (PAT): Rs 38 crore, up 37% YoY. Robust balance sheet with net cash position of Rs 174 crore. ROCE at 19% and ROE at 12%. Digital revenue mix: 43% of B2C revenue. In-house brands’ sales mix: 36% of B2C revenue vs 26% in Q1FY25. Sunil Agrawal, Managing Director, Vaibhav Global, said: “We reported Rs 814 crore in revenue in Q1, showing 8% year-over-year growth, with strong gross margins at 63.8%. Our digital business continues to scale and now accounts for 43% of B2C revenue. Our unique customer base reached an all-time high of 713,000, reflecting sustained momentum in both acquisition and retention. Germany showed improved YoY performance, and we remain confident of achieving EBITDA profitability there in FY26. Given the evolving macro environment and recent tariff developments, we are revising our FY26 revenue growth guidance to 7–9%. However, we remain optimistic that the resolution of the tariff issue along with macro improvement could unlock additional upside. Our integrated, agile model positions us well for sustainable growth.” Result PDF
