Vaibhav Global Ltd (BOM:532156)

Q1 2027 Vaibhav Global Ltd Earnings Call Transcript

Aug 5, 2026 / 09:00 AM GMT

Release Date Price: ₹249.9 (-7.48%)

Transcript

Key Points

Positve

Consolidated revenue grew 12.7% YoY to Rs 917 crores, with EBITDA up 37% and PAT up 50%, driven by favorable FX and US tariff refunds.
EBITDA margin expanded to 11% from 9.2% in Q1 FY26, reflecting improved product mix, operating efficiencies, and a strong gross margin of 67%.
Germany delivered 6% local currency growth with improving margins and is on track to contribute positively to group profitability from FY27.
Digital sales grew 21% YoY to account for 45% of B2C revenue, with a clear path to reach the 50% target by end of FY27.
Successfully migrated all key e-commerce platforms to Shopify enterprise, enabling faster feature deployment, unified customer views, and lower long-term platform costs.
In-house brands now contribute around 57% of B2C sales, and lab-grown diamonds reached 13% of retail revenue, both supporting margins and customer lifetime value.
Net cash position remains robust at Rs 287 crores, with healthy returns (ROCE 24%, ROE 18%) and a declared interim dividend of Rs 1.5 per share.

Negative

On a constant currency basis, revenue was broadly flat, impacted by Middle East conflict disruptions and cautious consumer spending in key markets.
US business saw average ticket size decline from $50 to $46, reflecting consumer pullback in discretionary spending despite volume traction.
UK performance remained flat, with the core TSC business subdued, though offset by strong growth in proprietary brands Ideal World and Rachel Galley.
Reported profitability was significantly boosted by a one-time US tariff refund of Rs 25 crores (with Rs 13 crores more in inventory), masking underlying operational growth.
Customer count and retention moderated (unique customers at 6.77 lakhs, retention at 38%) due to a deliberate shift toward higher-value, higher-ASP customers like lab-grown diamonds.
Management reiterated a conservative FY27 guidance of 9-11% revenue growth, which some investors view as underwhelming given the company's digital investments and market potential.
The company has not initiated a share buyback despite strong free cash flow, citing a need to maintain a cash cushion for potential acquisitions or greenfield opportunities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VAIB.NS - Vaibhav Global Ltd
Q1 2027 Vaibhav Global Ltd Earnings Call
Aug 05, 2026 / 09:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, good day and welcome to the Vaibhav Global Limited Q1 FY27 Earnings Conference Call hosted by Arihant Capital Markets Limited. As a reminder, all participant lines will win the lesson-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Natasha Singh from Arihant Capital Markets Limited.

Thank you and over to you ma'am.

--------------------------------------------------------------------------------
Unidentified_2 [2]

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.