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Earnings Call Transcript

Vaibhav Global Earnings Call Transcript: Key Takeaways

Vaibhav Global reports 12.7% YoY revenue growth, largely driven by one-time US tariff refunds and favorable forex, masking flat constant-currency performance.

Guidance and delivery
Management target Revenue 11.0% FY27
Highlights
Revenue growth12.7% YoY reported; constant currency growth largely flat.
MarginsMargins improved to 11% helped by tariff refunds and vertical integration.
Demand visibilityCautious outlook due to US fuel costs and UK macro headwinds.
Management confidenceBalanced; optimistic on digital shift despite weak US/UK discretionary demand.

Growth

Revenue hit ₹917 Cr; EBITDA margin improved to 11% from 9.2% YoY, aided by vertical integration.

Outlook

FY27 guidance maintained at 9-11% revenue growth with 50-100 bps EBITDA margin expansion.

Risks

Growth remains vulnerable to macro headwinds and volatile consumer spending in US and UK markets.

Last quarter's promises, checked

Delivered

  • Guided 50-100 bps EBITDA expansion → delivered 140 bps (= BEAT)
  • Targeted Germany EBITDA breakeven in FY26 → delivered Breakeven (= BEAT)
  • Guided in-house brand >50% B2C sales by FY27 → delivered >50% in FY26 (= BEAT)

Partly delivered

  • Guided 20-22% tax rate → delivered ~22% (= PARTIAL)

Missed

  • Guided 9-11% revenue growth → delivered 10% (= MET/PARTIAL)
  • Targeted volume growth → delivered 9-10% volume decline (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: VAIBHAVGBL. Summary written with AI assistance from the document.

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Vaibhav Global Ltd: key numbers

Share price
₹206.38
Market cap
₹3,462 Cr
Revenue (annual)
₹3,692 Cr
Net profit (annual)
₹266.1 Cr
P/E (TTM)
12.2×Sector 55.7×
Promoter holding
57.33%-0.10% QoQ
FII holding
16.66%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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