Vaibhav Global Limited (VGL), a global e-tailer of fashion jewelry and lifestyle products, has reported a robust financial performance for the second quarter of fiscal year 2026, with significant growth in revenue and profitability.

Strong Financial Performance

VGL reported a 10.2% year-on-year increase in revenue, reaching Rs 877.00 crores for Q2 FY26, surpassing the company's guidance. The company's Profit After Tax (PAT) saw a remarkable 71% surge, climbing to Rs 48.00 crores. EBITDA also showed impressive growth, increasing by 28% with margins expanding by 130 basis points to 10%.

Key Financial Highlights

The company maintained its gross margins at 63.5%, attributed to an efficient product mix and pricing discipline. Digital revenue contributed significantly, accounting for 42% of B2C revenue, while in-house brands increased their share to 41% of gross B2C revenue, up from 31% in the previous year.

Dividend Declaration and Customer Growth

VGL's Board of Directors declared a second interim dividend of Rs 1.50 per equity share, representing a 53% payout ratio. This comes in addition to the previously declared interim dividend of Rs 1.50 per share, bringing the total dividend for the current period to Rs 3.00 per share.

The company also reported strong customer metrics, with unique customers reaching an all-time high of 7.14 lakhs, marking a 5% year-on-year increase.

Management Commentary and Outlook

Sunil Agrawal, Managing Director of Vaibhav Global Limited, expressed satisfaction with the quarter's performance, stating, "We are pleased to report a strong quarter with revenue growth exceeding our guidance. With a strong balance sheet, healthy cashflows, and improving profitability, we are well positioned to sustain growth."

The company maintains its FY26 revenue guidance of 7-9% growth, with potential upside as macro conditions improve and tariff concerns ease.

Operational Highlights

• Customer retention rate sustained at 41%
• Repeat purchases averaged 22 pieces per customer (TTM)
• ESG initiatives progressing well, with over 106 million meals donated since inception of the 'your purchase feeds...' program
• ICRA ESG Score improved to '73' (Strong)
• Received Excellence in Manufacturing Award from the Indo-American Chamber of Commerce

Vaibhav Global Limited continues to strengthen its position in the global e-commerce market for fashion jewelry and lifestyle products, with operations spanning the US, UK, and German markets. The company's focus on digital revenue, in-house brands, and customer retention appears to be yielding positive results in a competitive retail landscape.

Vaibhav Global Limited (VGL), a prominent player in the fashion jewelry and lifestyle products sector, has announced its financial results for the second quarter of fiscal year 2025-26, along with key corporate actions that signal the company's commitment to shareholder value and organizational growth.

Financial Performance

The Board of Directors of Vaibhav Global Limited approved the unaudited financial results for the quarter and half-year ended September 30, 2025. While specific financial figures were not disclosed in the provided information, the approval of results indicates the company's adherence to regulatory requirements and transparency in financial reporting.

Dividend Declaration

In a move that will likely please shareholders, VGL's Board has declared a second interim dividend of Rs 1.50 per equity share for the financial year 2025-26. This dividend comes on top of a previous interim dividend of Rs 1.50 per share declared earlier in the fiscal year, bringing the total interim dividend for FY 2025-26 to Rs 3.00 per share.

Key details of the dividend are as follows:

This dividend declaration underscores VGL's commitment to returning value to its shareholders, even as it navigates the dynamic retail landscape.

Senior Management Appointment

In a strategic move to strengthen its leadership team, Vaibhav Global has designated Mr. Sabaresh Kumar as the Group Chief Human Resources Officer (CHRO) under the category of Senior Management Personnel. This appointment is effective from October 29, 2025.

Mr. Kumar brings over 24 years of diverse experience in Human Resources to VGL. His expertise spans building inclusive cultures, leadership development, and organizational transformation across global and multi-geographic environments. As a senior HR leader and coach, Mr. Kumar has been instrumental in shaping purpose-driven people strategies that align talent, culture, and business growth.

The appointment of Mr. Kumar as Group CHRO reflects VGL's focus on human capital and its commitment to creating a high-performing, values-led organization. This move is likely to support the company's efforts in talent management and organizational development as it continues to expand its global footprint.

Corporate Governance and Compliance

The company has demonstrated its commitment to corporate governance by holding a Board meeting on October 29, 2025, which lasted from 18:00 hours to 22:30 hours (IST). During this meeting, the Board not only approved the financial results and dividend but also made key decisions on senior management appointments.

Furthermore, VGL has complied with regulatory requirements by promptly disclosing the outcome of the Board meeting to the stock exchanges, in line with SEBI (LODR) Regulations, 2015.

As Vaibhav Global Limited continues to navigate the competitive landscape of fashion jewelry and lifestyle products, these recent announcements reflect the company's focus on financial performance, shareholder returns, and strategic human resource management. Investors and market watchers will likely keep a close eye on how these developments impact VGL's performance in the coming quarters.