{"id":178007,"date":"2026-01-28T04:42:40","date_gmt":"2026-01-28T09:42:40","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178007"},"modified":"2026-01-28T04:42:43","modified_gmt":"2026-01-28T09:42:43","slug":"vaibhav-global-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/vaibhav-global-q3-fy26-earnings-results\/","title":{"rendered":"Vaibhav Global Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Vaibhav Global Limited (VGL), through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world &#8211; the US and UK.\u00a0<\/p>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b91,066 cr, +9.1% YoY vs \u20b9977 cr, +21.5% QoQ.<\/li>\n\n\n\n<li>EBITDA: \u20b9136 cr, +26% YoY, margin 12.7% (+151 bps YoY).<\/li>\n\n\n\n<li>PAT: \u20b990 cr, +41% YoY vs \u20b964 cr, margin ~8.4%.<\/li>\n\n\n\n<li>Other key metrics: Digital sales >42% of revenue; in-house brands 48% of B2C; 9M revenue \u20b92,757 cr (+9% YoY), PAT \u20b9175 cr (+47% YoY); unique customers ~706k (+2% YoY).<\/li>\n<\/ul>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Upper-end revenue growth within 9% FY26 guidance; <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/1127f9ba-eb40-44fd-8231-f3d5e9370f7e.pdf\" target=\"_blank\" rel=\"noopener\">EBITDA surge from efficiencies<\/a>, Europe ex-UK turned profitable.<\/li>\n\n\n\n<li>Strategic moves: 3rd interim dividend \u20b91.50\/share; net cash \u20b9213 cr (+101% YoY); lab-grown diamonds 11% of sales; ESOPs granted.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b9877 cr, +10.2% YoY.<\/li>\n\n\n\n<li>EBITDA: \u20b988 cr, +28% YoY, margin 10% (+130 bps YoY).<\/li>\n\n\n\n<li>PAT: \u20b948 cr, +71% YoY.<\/li>\n\n\n\n<li>Other key metrics: Digital 42% of B2C revenue (+3pp YoY); in-house brands 41% of B2C; customers 7.14 lakh (+5% YoY); lab-grown diamonds 10.3% of sales; H1 revenue \u20b91,691 cr (+9% YoY), PAT \u20b985 cr (+54% YoY).<\/li>\n<\/ul>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue exceeded guidance with cost efficiencies boosting margins; digital\/in-house mix strengthening.<\/li>\n\n\n\n<li>Strategic moves: 2nd interim dividend \u20b91.50\/share; net cash \u20b9156 cr; FY26 growth guidance 9% reaffirmed, mid-teens medium-term.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vaibhav Global Limited (VGL), through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world &#8211; the US and UK.\u00a0 Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions Q2 FY26 Earnings [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,85],"tags":[13923],"class_list":["post-178007","post","type-post","status-publish","format-standard","hentry","category-infographics","category-retail-stocks","tag-retail-space"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178001,"url":"https:\/\/alphastreet.com\/india\/vishal-mega-mart-q3-fy26-earnings-results\/","url_meta":{"origin":178007,"position":0},"title":"Vishal Mega Mart Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 28, 2026","format":false,"excerpt":"Incorporated In 2001, Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials. 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Q3 FY26 Earnings Results Revenue from Operations:\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":178860,"url":"https:\/\/alphastreet.com\/india\/stovekraft-q3-fy26-earnings-results\/","url_meta":{"origin":178007,"position":3},"title":"Stovekraft Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 2, 2026","format":false,"excerpt":"StoveKraft Ltd was incorporated in 1999 by Mr. Rajendra Gandhi.\u00a0It manufactures a wide range of kitchen solutions under Pigeon (value), Gilma (semi-premium) brands and acts as an exclusive partner for kitchen appliances of the BLACK + DECKER (premium) brand. 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