According to reports from Business Standard, Vaibhav Global delivered exceptional Q4 FY26 results with consolidated net profit surging 167.42% year-on-year to ₹91.14 crore compared to ₹34.08 crore in Q4 FY25. Revenue from operations grew 9.99% YoY to ₹934.71 crore in the quarter ended March 31, 2026. Profit before tax climbed 54.48% to ₹63.74 crore from ₹41.26 crore in the corresponding quarter of the previous year. Managing Director Sunil Agrawal highlighted the company's strong quarterly performance, stating that revenue grew 10.0% YoY to ₹935 crore, while EBITDA increased 36.0% YoY, resulting in EBITDA margins returning to double digits after three years. The margin improvement was driven by technology adoption across functions, supply chain optimization, and better inventory management, with gross margins improving to 63.9% supported by favorable product mix and higher contribution from in-house brands.
For the full financial year FY26, the company posted a 73.53% increase in consolidated net profit to ₹266.13 crore, while revenue from operations rose 9.28% year-on-year to ₹3,691.79 crore, as reported by Business Standard. The company maintained a strong balance sheet with a net cash position of ₹296 crore, providing significant financial flexibility for future growth initiatives. The annualized revenue run rate reached approximately $450 million equivalent, reflecting steady demand across key international retail platforms. The company's Germany operations turned positive during the quarter, with management expressing confidence about continued improvement in overall business performance.
According to Business Standard, Managing Director Sunil Agrawal highlighted the company's strategic progress, stating that in-house brands contributed approximately 53% to the B2C revenue mix during the quarter, enabling the company to achieve its FY27 target of 50%+ in-house brand contribution well ahead of schedule. The increasing share of in-house brands is strengthening customer engagement and loyalty while improving margin profile through better control over product assortment, pricing and evolving consumer preferences. The company's digital business continued to show healthy momentum with digital revenue mix increasing to 44% during the quarter. Vaibhav Global's '4-3-2-1' strategy (4 channels, 3 markets, 2 ways to buy, 1 purpose) continues to differentiate it from pure-play e-commerce firms by blending television and digital shopping experiences. The company continues to make focused investments in technology and AI-led capabilities to create a more personalized and customer-centric shopping experience across platforms.
As reported by Business Standard, the company's margin improvement was driven by technology adoption across functions, supply chain optimization, and better inventory management. The board recommended a final dividend of ₹1.50 per equity share for FY26, subject to shareholder approval at the annual general meeting. The company has direct access to approximately 127 million households (FTE) through its TV home shopping networks 'Shop LC' in US, 'Shop TJC & Ideal World' in UK and 'Shop LC' in Germany. The company's strong cash generation and prudent capital allocation approach position it well to navigate evolving market conditions while continuing to drive profitable growth and long-term value creation for all stakeholders. Meanwhile, the company's stock counter slipped 3.13% to end at ₹221 on the BSE.
