NSEPress Release4 Aug 2026 · 4 Aug 2026, 11:32 pm
Press Release
Vaibhav Global Limited · VAIBHAVGBL
✦ AI Summary▲ PositiveResults
Vaibhav Global Limited has announced its Q1 FY27 financial results, with revenue at INR 917 Cr, up 13% YoY, EBITDA at INR 102 Cr, up 37% YoY, and PAT at INR 56 Cr, up 50% YoY. The company has also declared an interim dividend of Rs. 1.5/equity share.
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Vaibhav Global Limited has informed the Exchange regarding a press release dated August 04, 2026, titled "Q1 FY27 Financial Results".
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VAIBHAV GLOBAL LIMITED
Ref: VGL/CS/2026/70 Date: 04th August, 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: Press Release
Dear Sir / Madam,
Please find enclosed press release titled “Q1 FY27 Financial Results”
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
PRESS RELEASE
Q1 FY27 Financial Results
Improved Digital Traction, Higher In-House Brand Mix, and
Strong Growth Across Markets Drive Performance
Declared interim dividend of Rs. 1.5/equity share
Jaipur, August 04, 2026: Vaibhav Global Limited (VGL), a global E-tailer of Fashion Jewelry, Lifestyle
Products, Apparels, and Accessories on proprietary Home Teleshopping Channels and Digital
Platforms, announced its financial results for the quarter ending June 30, 2026.
Q1 FY27 Performance
Revenue at INR 917 Cr, up 13% YoY
EBITDA at INR 102 Cr, up 37% YoY
PAT at INR 56 Cr, up 50% YoY
Financial Performance Highlights:
Rs in Cr Q1FY27 Q1FY26 YoY Growth Q4FY26 QoQ Growth
Revenue 917 814 13% 935 -2%
EBITDA 102 75 37% 96 6%
Gross Margin 68% 64% 417 bps 64% 402 bps
PAT 56 38 50% 44* 29%
Net Cash 287 174 65% 296 (3%)
Digital revenue mix 45% 43% 210 bps 45% 10 bps
In-House Brands 57% 36% 2200 bps 53% 420 bps
Note: * PAT is excluding MAT credit of Rs. 47.6 cr
2.Numbers are rounded off to nearest figure
Key Business Metrics:
⎯ Unique Customers (TTM): 677 lakhs
⎯ New Customer Acquisitions (TTM): 3.5 lakhs.
⎯ Customer Retention Rate sustained at 38%.
⎯ Repeat Purchase: 23 pieces per customer (TTM).
Regd. Office: E-69, EPIP, Sitapura Industrial Area, Jaipur – 302022, Tele: 91-141-2771975; CIN : L36911RJ1989PLC004945;
Email: investor_relations@vaibhavglobal.com, Web: www.vaibhavglobal.com
ESG Initiatives:
⎯ ‘Your purchase feeds…’: Over 115 million meals donated since inception.
⎯ We have recently installed two groundwater recharge systems at VGL-adopted gardens near
the SEZ, adding ~6.7 lakh ltr. of annual groundwater recharge and increasing VGL's total
rainwater harvesting capacity to 10,670 KL/Year.
⎯ ESG Rating Upgrade: ICRA ESG Score improved to ‘74’ (Strong)
Commenting on the performance, Mr. Sunil Agrawal, Managing Director, Vaibhav Global
Limited, said:
“We are pleased to report a resilient start to FY27, delivering strong and profitable growth across
key financial metrics. Revenue increased 13% year-on-year to ₹917 crore, while EBITDA grew 37%
YoY to ₹102 crore, Profit After Tax (PAT) rose 50% YoY to ₹56 crore, reflecting the continued
strength of our business model and disciplined execution of our profitable growth strategy.
While reported revenue growth benefited from favourable foreign exchange movements during the
quarter, on a constant currency basis, revenue remained broadly flat, primarily due to the disruption
caused by the Middle East conflict during the early part of the quarter and a cautious consumer
spending environment across our key markets. These factors affected near-term demand but do not
alter the long-term growth opportunity for our business or the progress we continue to make on the
strategic priorities within our control.
Encouragingly, the fundamentals of our business continue to strengthen. Customer engagement
remains healthy, our value proposition continues to resonate across markets, and the strategic
investments made over the past several quarters are translating into a stronger, more resilient
operating platform. As external conditions stabilize, we believe the business is well positioned to
return to its growth trajectory.
A key highlight of the quarter was the continued expansion of our in-house brands, which contributed
57% of B2C revenue. This milestone reflects the growing acceptance of our differentiated product
portfolio and reinforces our strategy of increasing the mix of higher-margin proprietary brands.
Beyond enhancing profitability, our in-house brands strengthen customer loyalty, improve pricing
flexibility and create a sustainable competitive advantage that is difficult to replicate.
We have moved all our retail businesses to Shopify Enterprise ECom platform during the quarter.
This platform is D2C first and has an ecosystem of Apps that will accelerate our ECom journey. We
remain focused on accelerating digital adoption through AI-driven personalization, enhanced
customer experience, improved conversion and disciplined customer acquisition. We believe digital
will continue to be a significant growth engine, enabling us to deepen customer relationships while
improving marketing efficiency.
Operational excellence remains a core focus across the organization. During the quarter, we
optimized our supply chain and maintained disciplined cost control. Our AI-led initiatives across
Page | 2
Regd. Office: E-69, EPIP, Sitapura Industrial Area, Jaipur – 302022, Tele: 91-141-2771975; CIN : L36911RJ1989PLC004945;
Email: investor_relations@vaibhavglobal.com, Web: www.vaibhavglobal.com
marketing, merchandising and supply chain continue to scale well, driving productivity gains and
improving decision-making across the business. Combined with the increasing contribution from in-
house brands and digital channels, these initiatives supported a meaningful improvement in our
profitability and reinforce our confidence in the sustainability of our margin expansion.
Importantly, we believe the investments and strategic initiatives undertaken over the past several
quarters are now reaching an inflection point. Our business today is structurally stronger, with an
improving product mix, a rapidly expanding digital ecosystem, greater operating leverage and a
sharper focus on profitable growth. While near-term macroeconomic uncertainties may persist, we
remain confident that these are transitory in nature and that the underlying fundamentals of our
business continue to strengthen.
Supported by a strong balance sheet, robust cash generation, and a disciplined capital allocation
framework, we remain well positioned to capitalize on growth opportunities across our markets. We
are confident in our ability to deliver sustainable profitable growth, drive continued margin
expansion, and create long-term value for our shareholders.”
– ENDS –
About Vaibhav Global Limited
Vaibhav Global Limited (VGL) is listed on stock exchanges in India (BSE: 532156, NSE: VAIBHAVGBL, ISIN -
INE884A01027). VGL is an omni-channel E-tailer of fashion jewellery, accessories, and lifestyle products in
developed markets with direct access to ~129 million households (FTE) through its TV home shopping
networks – Shop LC in US, Shop TJC & Ideal World in UK and Shop LC in Germany. The Company’s ecommerce
websites www.shoplc.com & https://mindfulsouls.com/ in the US, www.tjc.co.uk, www.idealworld.tv/ and
www.rachelgalley.com in the UK and www.shoplc.de in Germany, complement TV coverage and diversify
customer engagement. The Company is committed to ‘Delivering Joy’ to all the stakeholders. Through its
flagship midday meal program, ‘your purchase feeds…’ where a meal is provided for every piece sold at the
retail channels, the Company has provided over 113 million meals in US, UK, Germany, and India at a run rate
of ~59,000 meals being donated every school day since program’s inception.
For further information, please contact:
Vaibhav Global Ltd. Vaibhav Global Ltd.
Vivek Jain, Head- Investor Relations Muskaan Badlani, Corporate
Email: vivek.jain@vglgroup.com. Communications
M: +91 8306618039
Email:
Muskaan.Badlani@vglgroup.c
Ernst & Young LLP
Sumedh Desai/Vikash Verma
M: +91 986776652;
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