Vaibhav Global Limited Reports Q1 FY27 Results: Revenue Up 13% YoY, EBITDA Grows 37% to INR 102 Cr

Vaibhav Global Limited Reports Q1 FY27 Results: Revenue Up 13% YoY, EBITDA Grows 37% to INR 102 Cr​

Vaibhav Global Limited (VGL), a global e-tailer specializing in fashion jewelry, lifestyle products, apparel, and accessories, announced its financial results for the quarter ending June 30, 2026. The company reported strong growth across key financial metrics, driven by improved digital traction, a higher share of its in-house brand mix, and performance across international markets.

The company declared an interim dividend of Rs. 1.5 per equity share during the announcement.

Q1 FY27 Performance Overview​

VGL reported a robust start to FY27. Revenue reached INR 917 Cr, marking a 13% increase year-over-year (YoY). EBITDA stood at INR 102 Cr, showing a significant rise of 37% YoY. Profit After Tax (PAT) also saw substantial growth, rising by 50% YoY to INR 56 Cr.

The company's performance highlights demonstrate improved profitability and operational efficiency:


The company's margin profile remains strong, with Gross Margin at 68%, up from 64% in Q1 FY26. Digital revenue mix increased to 45% from 43%. Furthermore, the contribution of In-House Brands rose to 57% from 36%, indicating a sustained strategy focused on higher-margin proprietary products.

Key Business Metrics and ESG Focus​

In terms of customer engagement, VGL recorded 677 lakhs unique customers over the trailing twelve months (TTM). New Customer Acquisitions also stood at 3.5 lakhs (TTM), while the Customer Retention Rate remained stable at 38%. The average repeat purchase stands at 23 pieces per customer (TTM).

VGL emphasized its commitment to corporate social responsibility, noting that over 115 million meals have been donated since inception through its 'Your purchase feeds...' program. Operationally, the company installed two groundwater recharge systems near its SEZ-adopted gardens, enhancing its total rainwater harvesting capacity to 10,670 KL/Year and contributing approximately 6.7 lakh liters of annual groundwater recharge. ICRA upgraded VGL's ESG Score to '74', placing it in the Strong category.

Management Commentary​

Sunil Agrawal, Managing Director of Vaibhav Global Limited, commented on the results, stating that the company is pleased with a resilient and profitable start to FY27. "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," Agrawal noted, reflecting the strength of their business model and profitable growth strategy.

While noting that reported revenue benefited from favorable foreign exchange movements, he added that on a constant currency basis, revenues were broadly flat due to consumer spending trends and disruptions caused by the Middle East conflict during the early part of the quarter.

Agrawal highlighted the strategic success of expanding in-house brands, which contributed 57% of B2C revenue. This milestone reinforces the strategy of increasing the mix of higher-margin proprietary brands, thereby strengthening customer loyalty and creating a sustainable competitive advantage.

The company also announced that all retail businesses moved to the Shopify Enterprise ECom platform during the quarter. He emphasized that digital adoption remains critical for growth, supported by AI-driven personalization and enhanced customer experience.

Operational Strength and Future Outlook​

VGL affirmed that operational excellence is a core focus across the organization. Through disciplined cost control and supply chain optimization, the company drove productivity gains. Combined with the increasing contribution from in-house brands and digital channels, these initiatives led to meaningful improvements in profitability.

The management expressed confidence in the long-term trajectory of the business. "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," Agrawal stated, concluding that while near-term macroeconomic uncertainties may persist, the underlying fundamentals continue to strengthen, positioning VGL for sustainable profitable growth.

VAIBHAVGBL Stock Price Movement​

On Tuesday, shares of Vaibhav Global Limited climbed 1.26% to settle at ₹270.1. The stock traded a total of 513,857 shares during the session.