Vaibhav Global Limited has informed the Exchange about Transcript

Vaibhav Global reported Q2 FY26 consolidated revenue of INR 877 crore, up 10.2% year-on-year, beating its own guidance of 7–9% growth. Gross margin held strong at 63.5%, EBITDA margin improved 130 basis points to 10%, and PAT surged 71% to INR 48 crore, helped by lower employee and airtime costs. The company generated INR 66 crore in operating cash flow and sits on a net cash position of INR 156 crore. Geographically, the US grew 6.7% in dollar terms and the UK 5.7% (4.1% constant currency), while Germany was flat. To tackle US tariffs, the company started in-house jewellery casting in the US (operational by mid-November), reducing its effective tariff cost to below 5.5%. The board declared a second interim dividend of INR 1.5 per share (53% payout). Management retained its FY26 revenue guidance of 7–9% and aims for mid-teens revenue growth with operating leverage in the medium term.