Highlights

• Revenue grew 10.2% YoY to ₹877 crore, in Q2 surpassing company guidance.
• PAT rose 71% YoY to ₹48 crore and the company announced second interim dividend of ₹1.50 per share.
• VAIBHAVGBL stock surged 8.08% to ₹259.30 on 30 October 2025.

Vaibhav Global Limited (NSE:VAIBHAVGBL; BSE:532156) announced its unaudited financial results for the second quarter ended September 30, 2025. The company reported revenue of ₹877 crore, a 10.2% year-on-year (YoY) increase, exceeding its internal guidance. The performance was supported by an efficient product mix and disciplined pricing across markets.

Gross margin for Q2 FY26 stood at 63.5%. EBITDA increased 28% YoY, with margins expanding 130 basis points to 10%, driven by productivity gains and cost efficiency.

Profitability and Dividend Declaration

Profit After Tax (PAT) rose 71% YoY to ₹48 crore. The Board of Directors, at its meeting held on 29th October 2025, approved the second interim dividend of ₹1.50 per equity share (on a face value of ₹2 per share) for FY2025-26.

The record date for determining shareholder entitlement for the dividend is Thursday, 6th November 2025, and the dividend will be paid or dispatched within 30 days from the date of declaration.

Vaibhav Global maintained a financial footing with a net cash balance of ₹156 crore, ROCE at 20%, and ROE at 13%.

Digital and Operational Highlights

Digital channels contributed 42% to total B2C revenue, while in-house brands accounted for 41% of gross B2C revenue, compared with 31% in Q2 FY25.

Customer engagement remained healthy, with 7.14 lakh unique customers (TTM), up 5% YoY. New customer acquisitions stood at 3.8 lakh, and customer retention held steady at 41%. Repeat purchases averaged 22 pieces per customer (TTM).

Leadership Update

During the meeting on 29th October 2025, the Board designated Mr. Sabaresh Kumar, Group Chief Human Resources Officer (CHRO), as Senior Management Personnel.

Mr. Kumar, appointed on 21st August 2025, brings over 24 years of HR experience in leadership development, organizational transformation, and culture-building across global enterprises.

Management Commentary

Commenting on the quarterly results, Mr. Sunil Agrawal, Managing Director, Vaibhav Global Limited, said:

“We are pleased to report a strong quarter with revenue growth exceeding our guidance. Revenue was at ₹877 crores, up 10.2% YoY. EBITDA margin improved by 130 basis points to 10%, up 28% in absolute terms. This was driven by productivity gains and operating leverage. Profits after tax rose 71% YoY to ₹48 crores. Execution remained strong across regions. With a strong balance sheet, healthy cashflows, and improving profitability, we are well positioned to sustain growth. We maintain our FY26 guidance of 7-9%, with potential upside as macro conditions improve and tariff concerns ease.”

Share Performance

Following the announcement of Q2 results and the interim dividend, Vaibhav Global’s shares traded higher by 8.08%, trading at ₹259.30 on the NSE compared to the previous close of ₹239.92.