Investor Presentation of Q2 and H1 FY27

VAIBHAV GLOBAL LIMITED Ref: VGL/CS/2026/97 Date: 29th October, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra, Mumbai – 400 051 Mumbai – 400 001 Symbol: VAIBHAVGBL Scrip Code: 532156 Subject: Financial Results – Investor Presentation Dear Sir / Madam, Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed Financial Results Presentation of Q2 and H1 FY27. This is for your information and record. Yours truly, For Vaibhav Global Limited Yashasvi Pareek Company Secretary & Compliance Officer M. No.: A39220 Encl: as above Registered Office: E-69, EPIP, Sitapura Industrial Area, Jaipur-302022, Rajasthan, India • Phone: +91-141-2770648; +91-141-2771975 CIN: L36911RJ1989PLC004945 • Email: investor_relations@vaibhavglobal.com • Website: www.vaibhavglobal.com Disclaimer This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Vaibhav Global Limited (VGL) and its group companies’ future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro‐economic, government and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Vaibhav Global Limited undertakes no obligation to periodically revise any forward-looking statements to reflect future/likely events or circumstances. Table of Contents VGL – At a Glance 4 Financial & Operational Update 12 Structural Growth Drivers 18 Key Strengths 27 Growth Strategy 32 VGL – At a Glance VGL : An Omnichannel Consumer Company with Global Scale A Vertically Integrated Global Consumer Company with End-to-End Capabilities Across Manufacturing, Distribution, brand ownership and omnichannel retail capabilities to serve customers across jewellery, accessories and lifestyle categories in leading international markets Integrated Business Model Omnichannel Customer Reach Product Portfolio • Owned Manufacturing Infrastructure • Digital & E-commerce Platforms • Jewellery • Owned Distribution Network • Television Commerce • Lifestyle Products • Portfolio of Owned Brands (~50%) • OTT & Social Commerce Channels • Fashion Accessories Global Market Presence Differentiated Growth Platform • Strong Presence in USA and UK • End-to-End Control Across the Value Chain • Operations Across Multiple Global Markets • Consumer-Centric Omnichannel Approach • Established Niche in Global Retail • Scalable Global Retail Ecosystem From Gemstone Trading to Integrated Consumer Ecosystem From a first-generation gemstone trading business to a listed, vertically integrated global business 1980s–89 1996–97 2003–2008 Foundation & Gemstone Trading Backward Integration into Manufacturing Retail & International Expansion ▪ Established as a gemstone sourcing & trading ▪ Entered jewellery manufacturing with ▪ Expanded into B2C retail through TV shopping business serving international markets establishment of a dedicated facility in Jaipur platforms across US, UK and other markets ▪ Incorporated in 1989, laying the foundation ▪ Successfully listed, raising growth capital & ▪ Navigated global financial crisis through strategic for a global growth journey enhancing market credibility portfolio repositioning with focus on value-led offerings 2010–2012 2013–2021 2023–2026 Balance Sheet Transformation Lifestyle Platform Development Digital & Platform-Led Growth ▪ Undertook Corporate Debt Restructuring (CDR) ▪ Diversified beyond jewellery into lifestyle ▪ Acquired Ideal World & Mindful Souls, strengthening in 2010 products platform capabilities & category expansion ▪ Completed full repayment of obligations ▪ Strengthened D2C capabilities via owned digital ▪ Increased share of digital revenues to ~45% through significantly ahead of schedule, demonstrating channels & customer engagement initiatives. accelerated omnichannel adoption financial resilience & disciplined execution ▪ Re-entered German market in 2021, expanding ▪ Enhanced scalability via AI-led planning tools and international reach migration to a modern commerce technology stack A Multi-Category Consumer Portfolio: Expanding Beyond Jewellery Fashion Jewellery & Gemstones Life-Style Products A well-balanced mix of Jewellery and Lifestyle products ~100 new products introduced daily, ensuring constant freshness and relevance • ~14,000–15,000 new jewellery designs launched annually, with 30,000 SKUs available at any given time • In-housetesting lab andmanufacturing • Arichproduct basketof ~5,000 unique SKUs • Covers 7 different metals (Silver, Gold, Platinum, Steel, Brass, • Facilitatedbyinnovation&a globalsourcingbase Copper, Bronze) • Casted, Handmade, Diamond Cut & Beads Jewellery Our Companies TJC, Ideal World & Rachel Galley www.shoplc.com www.tjc.co.uk , www.idealworld.tv, www.rachelgalley.com www.shoplc.de www.stsjewels.com www.mindfulsouls.com Q2 & H1 FY27 Management Commentary Digital Transformation Driving Long-Term Value Creation Mr. Sunil Agarwal, Managing Director, Vaibhav Global Limited said, "Q2 FY27 was an important transition quarter as we completed the migration of our retail websites to Shopify Enterprise. During the stabilisation phase, temporary integration-related issues affected digital conversion and revenue. Despite these challenges, consolidated revenue grew 7.0% year-on-year to ₹938.4 crore, while EBITDA stood at ₹76.2 crore, with a margin of 8.1%. With the migration substantially behind us, we now have a unified and scalable platform across brands and geographies. Our focus is on restoring digital momentum, improving customer acquisition and driving stronger operating leverage as we enter our seasonally important second half. Supported by European constant-currency growth, strong B2B performance and continued progress across proprietary brands, we remain confident in the business’s medium-term growth potential.“ H1 FY27 Performance Update INR 1,855.4 Crores INR 765.2 Crores INR 984.1 Crores Revenue from Operations Digital Revenue TV Revenue 9.7% YoY 14.7% YoY 5.9% YoY INR 178.3 Crores INR 98.1 Crores EBITDA PAT 9.6% YoY 15.2%YoY Margin at 9.6% Margin at 5.3% Broad-based H1 growth, with digital revenue increasing 14.7% and EBITDA and PAT growing broadly in line with revenue. Note: -- In Q1FY27 we had tariff refund of Rs. 25.6 crore in revenue from operations -- In Q2FY27 we availed foreign tax credit to the tune Rs.4.34 crore Q2 FY27 Performance Update INR 938.4 Crores INR 367.5 Crores INR 500.2 Crores Revenue from Operations Digital Revenue TV Revenue 7.0% YoY 9.1% YoY 2.7% YoY INR 76.2 Crores INR 41.7 Crores EBITDA PAT 13.5% YoY 12.3% YoY Margin at 8.1% Margin at 4.4% Revenue growth and gross-margin expansion were offset by temporary Gross margin expanded to 65.5% which grew by 196 bps YoY, platform-related deleverage and continued investment in digital demonstrating continued strength in product economics. customer acquisition. VGL certified Shop LC Named Among USA TODAY’s Most Vaibhav Global Limited Achieves ‘Responsible Great Place to Work®across the globe Trusted Brands of 2026” Jewellery Council (RJC)’ Certification 1100 Numbers are rounded off to nearest figure Note: In Q2FY27 we availed foreign tax credit to the tune Rs. 4.34 crore EBITDA Margin Walk 10.0 Increase in spend in Higher contribut [Showing first 8,000 characters — download PDF for full document]