Vaibhav Global Limited has informed the Exchange about Transcript
VAIBHAVGBL · price
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Vaibhav Global reported Q1 FY26 revenue of INR 814 crores, up 8% year-on-year, with gross margin steady at 63.8% and EBITDA margin improving 50 basis points to 9.2%. Profit after tax grew 37% YoY to INR 38 crores, supported by operating leverage in HR, shipping, and SG&A costs. The company revised its full-year FY26 revenue guidance downward to 7-9% (from 8-12%) due to weak US consumer sentiment and 25% US tariffs on Indian imports, though it maintained its 60%+ gross margin guidance by leveraging a multi-country sourcing model. Digital revenue grew 14% YoY and now makes up 43% of sales, with the company on track to reach 50% by FY27; lab-grown diamonds scaled to 11% of group sales. A first interim dividend of INR 1.5 per share (66% payout) was declared, and the company ended the quarter with a net cash position of INR 174 crores.
The downward revision in FY26 revenue guidance to 7-9% from 8-12% may weigh mildly on the stock, but solid margin performance, a debt-free balance sheet, and strong dividend payout cushion the impact. Investors should watch US tariff developments and UK/Germany turnaround execution as key near-term catalysts.