VARVEE GLOBAL LIMITED has informed the Exchange regarding a press release dated May 27, 2026, titled "Press Release for the fourth quarter and year end March 31,2026".
VGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Varvee Global Limited reported 47.9% YoY revenue growth to ₹6,279.95 lakh in FY26, driven by a shift to higher-value non-denim shirtings and suitings. Gross Profit improved sharply by ₹8,475.38 lakh to ₹4,089.10 lakh, with Gross Margin expanding by 168.4 percentage points to 65.1%. The company achieved full-year EBITDA profitability of ₹536.57 lakh, turning around from an ₹8,990.05 lakh loss in FY25. However, PBT declined 43.9% to ₹1,840.33 lakh and PAT fell 32.9% to ₹1,244.92 lakh due to below-EBITDA and non-operating items. Total borrowings were slashed by ~97% to ₹287.67 lakh, while operating cash flow remained positive at ₹504.46 lakh. Q4 FY26 showed strong momentum with 211.7% YoY revenue growth.
The results validate the company's restructuring-led recovery with strong revenue scale-up and EBITDA profitability. The sharp gross margin improvement and near-elimination of debt strengthen the balance sheet. However, the decline in bottom-line profit despite top-line growth warrants monitoring of below-EBITDA costs and non-operating expenses.