Vaibhav World Restricted (VGL), a distinguished participant within the world E-tailing sector, has reported strong monetary outcomes for the second quarter of the fiscal 12 months 2026, showcasing a major progress trajectory. The corporate’s income surged by 10.2% year-on-year, reaching ₹877 crores, surpassing its personal steering, based on an change submitting.
This progress is attributed to a strategic give attention to an environment friendly product combine and disciplined pricing, which additionally led to a formidable 63.5% gross margin.
The corporate’s EBITDA noticed a considerable improve of 28% year-on-year, with margins increasing by 130 foundation factors to 10%. This enchancment was pushed by productiveness positive aspects and working leverage, as famous within the press launch. The Revenue After Tax (PAT) for the quarter stood at ₹48 crores, marking a outstanding 71% improve from the earlier 12 months.
VGL’s stability sheet stays strong, with a web money place of ₹156 crores, reflecting the corporate’s robust monetary well being. The return on capital employed (ROCE) was reported at 20%, whereas the return on fairness (ROE) was at 13%, indicating environment friendly use of capital and shareholder fairness. The digital income combine accounted for 42% of the B2C income, highlighting the corporate’s profitable digital transformation efforts.
The corporate’s in-house manufacturers contributed 41% of the gross B2C income, up from 31% in the identical quarter of the earlier fiscal 12 months. The corporate additionally reported an all-time excessive of seven.14 lakh distinctive prospects on a trailing twelve-month foundation, a 5% improve year-on-year, with 3.8 lakh new buyer acquisitions throughout the identical interval.
Commenting on the quarterly efficiency, Sunil Agrawal, Managing Director of Vaibhav World Restricted, expressed satisfaction with the outcomes, stating that the corporate is well-positioned to maintain progress.
“We’re happy to report a robust quarter with income progress exceeding our steering. Income was at ₹877 crores, up 10.2% YoY. EBITDA margin improved by 130 foundation factors to 10%, up 28% in absolute phrases. This was pushed by productiveness positive aspects and working leverage. Earnings after tax rose 71% YoY to ₹48 crores. Execution remained robust throughout areas. With a robust stability sheet, wholesome cashflows, and bettering profitability, we’re well-positioned to maintain progress. We preserve our FY26 steering of 7-9%, with potential upside as macro circumstances enhance and tariff issues ease.”
ESG Efforts
VGL’s dedication to environmental, social, and governance (ESG) initiatives is clear in its current achievements. The corporate has donated over 106 million meals via its ‘your buy feeds…’ program, which offers a meal for each piece offered at its retail channels. Moreover, VGL’s ESG ranking was upgraded to a rating of ’73’ (Sturdy) by ICRA, and the corporate acquired the Excellence in Manufacturing Award from the Indo-American Chamber of Commerce, recognising its efforts in scaling operations within the US.
Vaibhav World Restricted, listed on the BSE and NSE, operates as an omni-channel E-tailer of vogue jewelry, equipment, and life-style merchandise in developed markets. The corporate reaches roughly 127 million households via its TV residence buying networks, together with Store LC within the US, Store TJC and Splendid World within the UK, and Store LC in Germany.
Disclaimer: This story is for academic functions solely. The views and proposals expressed are these of particular person analysts or broking companies, not Mint. We advise buyers to seek the advice of with licensed consultants earlier than making any funding selections, as market circumstances can change quickly and circumstances could fluctuate.
