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
Conference Call with Vaibhav Global Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Apparels & Accessories company Vaibhav Global announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Q4 revenue of Rs 850 crore, up 8% YoY. Gross margin: Q4: 62.1% EBITDA margin: Q4: 8.3% Profit After Tax (PAT): Q4: Rs 34 crore, up 62% YoY FY25 Financial Highlights: FY25 revenue of Rs 3,380 crore, up 11% YoY. Gross margin: FY25: 63.1% (+110 bps YoY) EBITDA margin: FY25: 9.4% (-30 bps YoY) Profit After Tax (PAT): FY25: Rs 153 crore, up 21% YoY ROCE at 19% and ROE at 12% Digital revenue mix: 41% of B2C revenue In-house brands’ sales mix: 32% of B2C revenue Commenting on the performance for Q4FY25 Sunil Agrawal, Managing Director, Vaibhav Global, said, “We closed the quarter with Rs 850 crore in revenue, an 8% YoY growth. Our unique customer base crossed 7.1 lakh- the highest ever for the Group. Germany remained EBITDA breakeven for the quarter, and Ideal World continued its growth momentum. Digital now contributes 41% of overall sales, and PAT grew 62% YoY, supported by operating leverage and cost efficiencies. The balance sheet remains strong with a net cash position of Rs 170 crore. The outlook remains compelling and promising. For FY26, we expect revenue growth of 8–12%, with further upside in the following years along with a healthy degree of operating leverage.” Result PDF
Apparels & Accessories company Vaibhav Global announced Q3FY25 results Financial Highights: Achieved highest ever quarterly sales of Rs 977 crore with YoY growth of 10%. Digital revenue mix: 40% of B2C revenue. Market leading gross margins of 61.3%. EBITDA margin of 11.5%. Healthy operating leverage: Achieved PAT of Rs 64 crore, YoY growth of 36%. ROCE at 18% and ROE at 11%. Strong balance sheet: Net cash position of Rs 106 crore. Business Highights: Unique Customers (TTM basis): 6.98 lakh YoY growth of 30% (6% ex-acquisition). New Registrations & Acquisition: 4.1 lakh. Retention Rate: 43%. Repeat Purchase: 22 pieces. Germany: Achieved EBITDA level breakeven point. Ideal World: Achieved full cost profitability. Conferred with ‘IGJ Award’ for ‘Highest Exporter of Cut & Polished Coloured Gemstones during FY24’. ‘Your Purchase Feeds…’: Over 97 million meals donated since inception. Sunil Agrawal, Managing Director, Vaibhav Global, said: This quarter we achieved highest ever quarterly sales of Rs 977 crore showing a 10% YoY revenue growth. Also, our group has achieved an all-time unique customer base of 698 K. We are also pleased to share that during the quarter, as guided, Germany operations have reached the break-even at the EBITDA level with Ideal World also turning profitable on full-cost basis. This has resulted in a much stronger operating leverage for us with PAT growing by 36% YoY. Our balance sheet continues to be strong with net cash position of Rs 106 crore. Our Outlook remains promising and compelling. We are confident in our ability to sustain the growth momentum profitably. Result PDF
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. Result PDF
Conference Call with Vaibhav Global Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
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 Result PDF