Vaibhav Global (VAIBHAVGBL) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 consolidated revenue reached INR 917 crore, up 12.7%-13% YoY, with EBITDA at INR 102 crore (up 37%) and PAT at INR 56 crore (up 50%).

• Digital revenue grew 21% YoY, now comprising 44%-45% of B2C sales, with a target of 50% by FY27.

• Interim dividend of INR 1.5 per share declared for FY 2026-27.

• Strong global presence with operations in the US, UK, Germany, and India, and a diversified product portfolio.

• Unaudited consolidated and standalone financial results for Q1 FY27 were approved, with continued profitability across key markets.

Financial highlights

• Revenue from operations grew to INR 917 crore (Rs. 91,707.34 lakhs), EBITDA margin improved to 11%, and PAT margin rose to 6%.

• Digital revenue was INR 398 crore (+21% YoY); TV revenue was INR 484 crore (+9% YoY).

• Net cash position stood at INR 287-296 crore as of June 30, 2026; ROCE at 24%, ROE at 15%-18%.

• Received INR 38 crore in US tariff refunds, with INR 25 crore recognized in other operating revenue.

• Basic EPS for Q1 FY27 was Rs. 3.37, up from Rs. 2.26 in Q1 FY26.

Outlook and guidance

• FY27 guidance reiterated: 9%-11% revenue growth and 50-100 bps EBITDA margin expansion over FY26.

• Revenue target of INR 5,000–5,500 crore by FY30, with digital expected to reach 50% of B2C revenue by FY27.

• In-house brands targeted to contribute 60%+ of B2C revenue by FY27; lifestyle products to reach 50% medium-term.

• Germany expected to contribute positively to profitability from FY27 after achieving its first full year of positive EBITDA in FY26.