Vaibhav Global Limited (NSE: VAIBHAVGBL, BSE: 532156), an Indian omnichannel retailer of fashion jewellery and lifestyle products, saw its shares rise in Mumbai trade after the company reported its third quarter FY26 financial results. The stock ended today’s session around ₹234.34 on the National Stock Exchange, up from the previous close, reflecting market response to updated earnings disclosures.
Market Capitalization
Vaibhav Global’s market capitalization at today’s close was approximately ₹3,800 crore (about $460 million equivalent).
Results for Q3 FY26 ended 31 Dec 2025
Vaibhav Global’s board approved unaudited consolidated financial results for the third quarter of FY26:
• Consolidated revenue: ₹1,066 crore, up 9.1% year-on-year.
• EBITDA: Increased 26% YoY, with margins at 13.2% in the quarter.
• Consolidated net profit: Around ₹90 crore, up approximately 41% YoY.
Segment Revenue Breakdown
• United States: ₹593 crore, up about 8.7% YoY.
• United Kingdom: ₹301 crore, up roughly 8.2% YoY.
• Europe: ₹118 crore, up approximately 14.0% YoY.
Dividend
Vaibhav Global’s board declared a third interim dividend of ₹1.50 per equity share for FY25-26. The company also approved fresh employee stock options (ESOPs) and restricted stock units (RSUs).
Business & Operations Update
Vaibhav Global operates proprietary home shopping TV channels and digital platforms internationally, including in the United States, United Kingdom and Germany, selling fashion jewellery and lifestyle products to value-oriented consumers.
Separately, the company disclosed that a step-down U.S. subsidiary, SHOPLC Global Inc., received a $2.76 million grant under the U.S. Employee Retention Credit (ERC) Scheme. Accounting treatment is under evaluation.
The company also highlighted ongoing representation of digital revenue and TV revenue splits with digital sales rising faster in certain markets and a focus on in-house brands, customer base expansion, and cash flow generation.
Equity Analyst Commentary
According to institutional research reports circulating after results, Vaibhav Global’s EBITDA margin expansion and net profit growth for Q3 FY26 were noted by analysts tracking the financial performance. Commentary emphasized year-on-year revenue and profitability metrics without offering investment advice.
Research notes also discussed the company’s net cash position and balance sheet strength as part of quarter-to-quarter financial analysis and referenced the contribution of digital revenue to overall B2C revenues.
Performance Summary
Vaibhav Global’s stock price climbed following the release of Q3 FY26 revenue of ₹1,066 crore and net profit of around ₹90 crore.
Third interim dividend of ₹1.50 per share was approved.
Revenue growth in key geographies showed U.S., U.K. and European upticks.