Q2 2026 Vaibhav Global Ltd Earnings Call Transcript
Key Points
- Vaibhav Global Ltd (BOM:532156) reported a consolidated revenue of INR877 crores, reflecting a 10.2% YoY growth, surpassing their guidance range.
- The company achieved a strong gross margin of 63.5%, supported by their vertically integrated global supply chain.
- Digital sales contributed 42% of B2C revenue, with a target to reach 50% by FY27.
- The unique customer base increased by 5% YoY to 714,000, the highest in the company's history.
- Vaibhav Global Ltd (BOM:532156) generated 1.2 million kilowatt hours of solar energy, meeting 100% of their manufacturing power needs, advancing towards carbon neutrality.
- Digital revenue declined by 9% due to team realignment, impacting overall growth.
- Germany's revenue remained flat, and the region experienced an EBITDA loss of EUR700,000 in the first half of the year.
- US profitability was impacted by increased investments in digital marketing, resulting in lower margins.
- The company faces ongoing tariff and geopolitical uncertainties, affecting consumer demand across major markets.
- Despite growth in revenue, the absolute EBIT increase in key geographies like the US, UK, and Germany was minimal, with significant profitability improvements mainly driven by India and ROW operations.
Ladies and gentlemen, good day, and welcome to the Vaibhav Global Limited Q2 and H1 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Nishita Bhatt from Adfactors PR. Thank you, and over to you, Ms. Bhatt.
(technical difficulty) earnings conference call for second quarter and half year ended September 30, 2025. Today, we have with us Mr. Sunil Agrawal, Managing Director; Mr. Nitin Panwad, Group CFO; and Mr. Prashant Saraswat, Head of Investor Relations.
We will begin the call with operating remarks by Mr. Sunil Agrawal on the business operations, key initiatives and broad outlook, followed by the discussion on financial performance by Mr. Nitin Panwad, after which the management will open the forum for the Q&A session. Before we get started, I would like to point out that some statements made or discussed on today's call may be forward-looking in nature and must be viewed in conjunction with the
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