Vaibhav Global Ltd

ESG rating upgrade and BRSR

• ICRA ESG Ratings revised Vaibhav Global Combined ESG Rating to 75 (Strong) from 74 (Strong).
• Upgrade follows ICRA ESG's review of Vaibhav Global's FY26 BRSR publication as a material event under SEBI regulations.
• Upgrade reflects progress across environmental, social, governance initiatives and enhanced ESG disclosures.

Award recognition

• Vaibhav Global received the India Risk Management Award for Best in Class Risk Management in Mid Cap.
• Award recognizes robust enterprise risk management, governance, and business continuity programs.
• CFO Nitin Panwad stated the focus on resilience, governance, and proactive risk culture.
• Date of release: August 18, 2026.
• No financial metrics disclosed in this update.

Financial Performance

• Revenue for Q1 FY27: INR917 crores, up 12.7% YoY.
• EBITDA: INR102 crores; margin 11%, up 37% YoY.
• PAT: INR56 crores, up 50% YoY; PAT margin 6%.
• FX and tariff refunds contributed to the reported growth.
• FY27 revenue guidance: 9–11%; EBITDA margin to expand 50–100 bps.

Operating Update

• UK market remained challenging; two in-house brands offset softness; overall flat.
• Germany EBITDA breakeven FY26; now positive in FY27; 6% local-currency growth.
• In-house brands ~57% of B2C; digital ~45% of B2C; target 50% digital by FY27.
• Lab-grown diamonds ~13% of revenue; ASP around USD 250; margins higher than others.
• Migration to Shopify completed; unified digital backbone enables faster deployment and analytics.

Balance Sheet & Cash

• Net cash INR287 crores as of 30 June 2026.
• ROCE 24%; ROE 18%.
• First interim dividend declared: INR1.5 per equity share.

Q&A Highlights

• FY30 revenue target INR5,000–5,500 crore; EBITDA range not disclosed; margin to improve.
• Currency impact: ~3% depreciation; 12% growth factored includes currency.
• Buyback not pursued; cushion of $50–100 million kept for opportunities.
• M&A: seek strategic fit with double-digit EBITDA growth; wait for robust performance across markets.
• Digital ROAS ~2 now; expected to exceed 3 for new digital customer acquisition.
• Marketplace sales are negligible; primary sales come through own platforms (<0.5%).
• Ad spend ROI remains strong; not expected to cap soon; double-digit margins required.

Meeting Details

• Date/time: 5 August 2026 at 2:30 PM IST.
• Event: Q1FY27 earnings conference call with investors and analysts.
• Type/Mode: group conference call; mode not specified.
• Organizer: Vaibhav Global Limited.

Participants

• Key company participant: Company Secretary & Compliance Officer.

Purpose

• Purpose: discuss Q1FY27 earnings results with investors and analysts.

Meeting Details

• Q1FY27 earnings conference call scheduled for Wednesday, 5 August 2026 at 2:30 PM IST.

Participants

• Key participant: Company Secretary & Compliance Officer from Vaibhav Global Limited.

Purpose

• Discuss Q1FY27 results during earnings conference call with investors and analysts.

Meeting Details

• Date: 4 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve Unaudited Financial Results (Standalone & Consolidated) for quarter ended 30 June 2026.
• Consider declaration of interim dividend on equity share capital for FY 2026-27.

Other Notes

• Trading window to close till 6 August 2026, 48 hours after the Board Meeting.