Arthneeti

Vaibhav Global Q2 FY27 Share Price & Earnings Call Analysis

₹158.30-15.72% today
Market cap
₹2,654 Cr
P/E
9.32
ROE
17.87%
PEG
0.25
Price to sales
0.70
Debt to equity
0.25
52W high / low
₹281 / ₹158
Sales growth (5Y)
7.77%
EBITDA margin
10.37%
Net profit margin
7.26%
Promoter holding
57.19%
Sales (last year)
₹3,795 Cr

Vaibhav Global Limited (VGL), through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK. [1]

Guidance scorecard · Q2 FY27 call

What Vaibhav Global Ltd's management guided
and where it ranks in Consumer Durables

#79of 86 in
Consumer Durables
Revenue0–10%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

0–10%
  • Vaibhav Global targets INR 5,000 to 5,500 crores in revenue by FY 2030, implying ~10% CAGR from current levels.
  • Digital growth is the key lever, driven by investments in their own websites, paid marketing, OTT platforms, live streaming, and AI tools.
  • Europe, especially Germany and the UK (Ideal World), is a focus for expansion but mainly through organic growth; inorganic M&A is considered only if strategic synergies exist.
  • Lab-grown diamonds, currently ~13% of revenues, are expected to grow to 14-16%, contributing to higher ASP and margins.
  • Volume growth is flat to mildly positive; average ticket size is increasing due to higher-value digital sales (e.g., lab-grown diamonds).
  • Currency depreciation (~3% assumed) adds to revenue growth; without depreciation, revenue growth guidance might reduce by ~3%.

2 more points from Vaibhav Global Ltd's call on revenue

Create a free account to keep reading this call

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Vaibhav Global Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Vaibhav Global Limited is creating a cash pool of $50 million to $100 million for potential acquisitions or greenfield opportunities.
  • Acquisition targets must have strategic fit and synergy, leveraging the group's vertical supply chain and cost benefits.
  • Possible new product categories for acquisition include beauty or supplements to complement existing businesses.
  • For greenfield expansions, India and Japan are being considered, but only after digital growth and profitability in Germany stabilize.
  • Continued investments in digital platforms like Shopify Enterprise and AI tools aim to scale digital commerce and improve customer acquisition.

2 more points from Vaibhav Global Ltd's call on capex

Create a free account to keep reading this call

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Vaibhav Global Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Focus on digital growth with significant investments in platforms like Shopify to boost customer acquisition and sales.
  • Expanding product portfolio with about 100 new products launched daily and 14,000 to 15,000 new jewelry designs annually.
  • Strategic emphasis on acquiring customers profitably and improving order-to-cash cycles from 9-10 months to 3 months.
  • Robust order fulfillment supported by vertically integrated supply chain and AI-driven demand forecasting.

2 more points from Vaibhav Global Ltd's call on the order book

Create a free account to keep reading this call

Full Q1 FY27 analysis
Full Consumer Durables ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Vaibhav Global Ltd rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹166 Cr20.3
240%+Up 2%+₹100 Cr12.7
340%+Up 0–2%₹3,249 Cr17.4
440%+Up 0–2%₹2,081 Cr18.8
540%+Flat₹2,429 Cr41.1
640%+Flat₹2,163 Cr25.6

Sign up free to see every company in the sector ranking and track Vaibhav Global Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables ranking

Financials of Vaibhav Global Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Vaibhav Global Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +57.24%57.22%57.18%57.30%57.30%57.30%57.19%57.18%57.11%57.43%57.33%57.19%
FIIs +22.05%22.68%21.48%19.20%18.37%18.59%18.52%18.68%18.06%16.44%16.66%16.26%
DIIs +5.37%2.57%1.88%0.73%0.74%0.85%0.91%1.24%1.67%2.23%2.22%2.25%
Public +15.28%17.45%19.33%22.62%23.46%23.14%23.26%22.86%23.11%23.87%23.76%24.21%
Others +0.04%0.07%0.13%0.15%0.13%0.12%0.12%0.04%0.04%0.03%0.03%0.09%
No. of Shareholders1,17,4421,20,8541,27,3161,44,8871,43,6061,44,8821,43,7421,39,2641,35,8021,33,2551,29,7891,28,043

Financials of Vaibhav Global Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +7058887897567969778508148771,066935917938
Expenses +642795736699736868788752800930851820870
Operating Profit6393535760110626278136839768
OPM %9%11%7%8%8%11%7%8%9%13%9%11%7%
Other Income +3269928131151358
Interest3333444434455
Depreciation23232525262625252425282727
Profit before tax416832373982414660112647144
Tax %30%31%33%27%29%22%17%18%21%20%-43%20%6%
Net Profit +29472127286434384890915642
EPS in Rs1.782.871.291.671.673.842.052.262.855.385.463.372.49

Financials of Vaibhav Global Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,3761,2771,4391,5711,8141,9862,5402,7522,6913,0413,3803,6923,856
Expenses +1,2421,2181,3531,4221,6111,7252,1702,4712,4912,7723,0903,3313,472
Operating Profit1345886148203262370281200269290361384
OPM %10%4.6%6%9%11%13%15%10%7%9%9%10%10%
Other Income +13171610141418502819273931
Interest77645956812151517
Depreciation12242925253139557893102103107
Profit before tax1284566129188236344271141182200282291
Tax %19%11%2%13%18%20%21%12%26%30%24%6%
Net Profit +1034065112154190272237105127153266279
EPS in Rs6.372.453.976.909.4311.7716.7014.506.367.729.2215.9316.70
Dividend Payout %9%0%0%0%21%57%30%41%94%78%65%38%

Financials of Vaibhav Global Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital323233333332333333333333
Reserves2963354025186647199311,0941,1681,2251,3171,615
Borrowings +76112856766102124165193218228416
Other Liabilities +126140157146179238307394392405456481
Total Liabilities5306196767639421,0911,3951,6861,7861,8812,0342,544
Fixed Assets +76126126120116154163467507616566699
CWIP1300192927561126
Investments345121882280843412811619
Other Assets +4504875456328078479231,1081,2411,1311,3421,801
Total Assets5306196767639421,0911,3951,6861,7861,8812,0342,544

Financials of Vaibhav Global Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +115-25744120421432688127277165310
Cash from Investing Activity +-3-42-26-23-22-184-267-4543-183-581
Cash from Financing Activity +-6430-30-24-23-184-57-72-103-143-130-149
Net Cash Flow49-3719-6159-1551-2968-4930242
Free Cash Flow92-725523184184269-21392233135290
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit99%-12%100%38%111%98%104%56%80%120%75%110%

Financials of Vaibhav Global Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days131924302425243133383534
Inventory Days187277221227239220180231238202219232
Days Payable6199836674756510495767377
Cash Conversion Cycle139197162191189170139158176164181189
Working Capital Days314549726259425859556068
ROCE %35%11%15%23%27%30%36%21%11%14%14%16%

Guidance history

How Vaibhav Global Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%Up 0–2%Planned——
Q4 FY26 call →10–20%Up 0–2%Planned——
Q3 FY26 call →0–10%Up 0–2%Planned——
Q2 FY26 call →0–10%Up 0–2%Planned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

5out of 100

Momentum score · price trend

5 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−38.6%13%
Last 6 months−27.1%10%
Last 3 months−39.9%1%

The price is 84.1% below its all-time high of ₹996.4 (7 May 2021). Stocks more than 20% below their peak have their score halved, so 9 became 5.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Vaibhav Global Ltd: 0.4 × 13 + 0.4 × 10 + 0.2 × 1 = 9, halved to 5 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Vaibhav Global Ltd's management said in earlier quarters

Others in Consumer Durables this season

  • Symphony Ltd (Q2 FY27)

    For the quarter ended 30-Sep-26, the standalone revenue from operations is ₹170 crores, up from ₹155 crores in the same quarter of the prior year, reflecting a…

  • V-Guard Industries Ltd (Q2 FY27)

    1,852.89 crore, up 38.2% YoY from Rs. Key investor presentation takeaways from V-Guard Industries Ltd's Q2 FY27 investor presentation — and how it ranks against

  • Epack Durable Ltd (Q2 FY27)

    Q2 FY27 Operating Revenue: ₹4,393 Mn, up 106.0% YoY (Page 7, 6) . Key investor presentation takeaways from Epack Durable Ltd's Q2 FY27 investor presentation — a

  • Naman Industries Proxima Limited (Q2 FY27)

    Revenue from operations for H1 FY27: ₹88.6 Cr, up 28.6% YoY (Page 10). Key investor presentation takeaways from Naman Industries Proxima Limited's Q2 FY27 inves

Compare:vs Titan Companyvs Asian Paintsvs LG Electronics