Vaibhav Global Q2 FY27 revenue up 7.0% to INR 938.4 crore; PAT down 12.3%, targets ₹5,000–5,500 crore revenue by FY30
Q2 FY27 revenue up 7.0% to INR 938.4 crore; EBITDA down 13.5% to INR 76.2 crore, PAT down 12.3% to INR 41.7 crore.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- INR 938.4 crore, up 7.0% YoY
- Q2 FY27 EBITDA
- INR 76.2 crore, down 13.5% (8.1% margin)
- Q2 FY27 PAT
- INR 41.7 crore, down 12.3%
- Period
- Q2 and H1 FY27
- Positioning
- The company describes itself as a vertically integrated global consumer ecosystem selling gemstone, silver and lifestyle products via TV and digital platforms in the USA, UK and Germany.
📉 Q2 FY27 revenue from operations rose 7.0% YoY to INR 938.4 crore, with digital up 9.1% to INR 367.5 crore and TV up 2.7% to INR 500.2 crore. EBITDA fell 13.5% to INR 76.2 crore (8.1% margin) and PAT fell 12.3% to INR 41.7 crore, though gross margin expanded 196 bps to 65.5%.
📉 The company attributes the profit decline to temporary platform deleverage from migrating websites from Salesforce Commerce Cloud to Shopify Enterprise, plus investment in digital customer acquisition. USA revenue fell 4.1% and UK 7.0% in local currency in Q2, while Europe grew 7.9%.
🎯 Management states a revenue target of ₹5,000–5,500 crore by FY30, against FY26 revenue of 3,692 crore. The presentation lists FY27 targets of 50% of B2C revenue from digital (from 44%) and 60%+ from in-house brands (from 48.8%), with lifestyle products targeted at 50% medium-term.
📈 The company says Germany achieved its first full year of positive EBITDA in FY26 and that Mindful Souls and Ideal World were profitable in FY26; it cites limited gold exposure as macro resilience.
Also from Vaibhav Global
Vaibhav Global Ltd press release, Q2 FY27
29 Oct 2026
Record Date for 2nd Interim Dividend for FY 2026-27 Fixed as 4th November 2026
29 Oct 2026
Board approves 2nd interim dividend of Rs. 1.50 per share; record date 04 November 2026
29 Oct 2026
More numbers
- Revenue from operations, Q2 FY27INR 938.4 Crores
- Revenue growth YoY, Q2 FY277.0%
- Digital revenue, Q2 FY27INR 367.5 Crores
- TV revenue, Q2 FY27INR 500.2 Crores
- EBITDA, Q2 FY27INR 76.2 Crores
- PAT, Q2 FY27INR 41.7 Crores
- Gross margin, Q2 FY2765.5%
- Revenue from operations, FY263,692 (INR crores)
- PAT, FY26266 (INR crores)
- Revenue from operations, H1 FY271,855 (INR crores)
- PAT, H1 FY2798 (INR crores)
- Total equity, H1 FY271,712.8 (INR crores)
- Digital share of B2C revenue target, FY2750%
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