Vaibhav Global's Profit in March Quarter up by 20.8%
By Ankur Chandra | Updated at: May 31, 2025 07:30 PM IST
Vaibhav Global Limited announced its Q4 and year-ended March 31, 2025 (FY25) unaudited financial results, which demonstrate strong revenue and profitability growth despite macroeconomic challenges. The Board has proposed a final dividend of ₹1.50 per equity share, taking the total dividend payment for the year to 65%.
Financial Highlights (Standalone & Consolidated)
| Particulars | Q4 FY25 | Q4 FY24 | % YoY Change | FY25 | FY24 | % YoY Change |
|---|---|---|---|---|---|---|
| Revenue from Operations (₹ Cr) | 850 | 789 | +7.7% | 3,380 | 3,041 | +11.1% |
| Gross Margin (%) | 62.1% | 62.7% | -60 bps | 63.1% | 62.0% | +110 bps |
| EBITDA (₹ Cr) | 71 | 64 | +10.8% | 317 | 295 | +7.5% |
| EBITDA Margin (%) | 8.3% | 8.1% | +20 bps | 9.4% | 9.7% | -30 bps |
| PAT (₹ Cr) | 34 | 21 | +61.9% | 153 | 127 | +20.8% |
| EPS (₹) | 2.1 | 1.3 | — | 9.3 | 7.7 | — |
The company remains in a strong financial position with ₹170 crore in net cash, a Return on Capital Employed (ROCE) of 19%, and Return on Equity (ROE) of 12%.
Segment-Wise Performance
By Business Channel
- TV Revenue: ₹1,900 crore in FY25, up 7.4% YoY.
- Digital Revenue: ₹1,314 crore, registering 14.7% growth YoY and accounting for 41% of B2C revenue.
- B2B Revenue: ₹166 crore, up 30.9% YoY.
By Geography
- US: Stable performance with 1.8% revenue growth in USD terms.
- UK: Revenues rose 9.7% in GBP despite macro challenges.
- Germany: Revenue grew 19% YoY (EUR 6.3 mn in Q4), achieving EBITDA breakeven for the full year.
Management Commentary
Mr. Sunil Agrawal, Managing Director, stated: “We closed FY25 with ₹3,380 crore in revenue and ₹153 crore in PAT, growing 11% and 21% YoY, respectively. Germany achieved EBITDA breakeven, and Ideal World continued to gain momentum. We expect 8–12% revenue growth in FY26 and anticipate stronger operating leverage in the years ahead.”
Strategic Outlook
- Digital revenue is targeted to reach 50% of the B2C mix by FY27.
- Focus remains on innovation with over 14,000 new jewellery designs annually.
- Enhanced ESG commitment with 100 million+ meals served through the ‘Your Purchase Feeds…’ program and a 72 ESG rating by ICRA.
- Sustainability initiatives include 100% renewable energy usage at five global sites and a carbon neutrality goal by 2031.
Dividend & Governance
- Total FY25 dividend: ₹1.50 per share (final) plus three interim payouts; 65% payout ratio.
- Statutory Auditors: B S R & Co. LLP; Internal Auditors: PwC.
- Long-term credit rating upgraded to CARE A+ (Stable); short-term rating CARE A1.
About Vaibhav Global Ltd
Vaibhav Global Ltd. is an end-to-end, omni-channel E-tailer for fashion jewellery and lifestyle products with exclusive TV networks and dedicated digital platforms in the US, UK, and Germany. The company’s reach spans television, the web and mobile platforms, with high-engagement platforms including ShopLC, TJC and Ideal World. This robust performance is an outcome of Vaibhav Global’s execution of strategy, emphasis on digital expansion, and focus on maximising value for its stakeholders.
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REF: https://nsearchives.nseindia.com/corporate/VAIBHAVGBL_22052025020642_Pressrelease292025.pdf
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